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CATEGORY: nexo


X seemingly drops Bitcoin emoji during Bitcoin Conference week surprising community

Author: Oluwapelumi Adejumo
United States
Jul 27, 2024 01:10

X seemingly drops Bitcoin emoji during Bitcoin Conference week surprising community

Social media platform X, formerly Twitter, has seemingly discontinued its support for the Bitcoin emoji (also known as a hashmoji or hashflag). As of press time, when typing #bitcoin into X, no Bitcoin logo is generated. Initially introduced in 2020, the emoji appeared alongside the hashtag #Bitcoin, adding an orange Bitcoin symbol to tweets. This […]

The post X seemingly drops Bitcoin emoji during Bitcoin Conference week surprising community appeared first on CryptoSlate.

May 09, 2024 01:20

Nexo announces $12 million token airdrop for platform users

Nexo's token airdrop campaign will give users access to a pool with 10 million NEXO tokens by engaging with their digital asset products.

The post Nexo announces $12 million token airdrop for platform users appeared first on Crypto Briefing.

May 09, 2024 04:10

Nexo Launches $12M Token Hunt Promotional Campaign to Celebrate 6th Anniversary

In celebration of its sixth anniversary, Nexo, one of the biggest cryptocurrency ecosystems, has launched a promotional campaign. Both new and current Nexo users may benefit from the token hunt, by delving into the many Nexo ecosystem components. As a whole, the team allocated ten million NEXO tokensabout $12 millionto the event’s

Crypto lending platform Nexo allocates $12M for ecosystem incentives

Author: Cointelegraph by Zhiyuan Sun
United States
May 09, 2024 12:00

Crypto lending platform Nexo allocates $12M for ecosystem incentives

The rewards will be active until July 7 and will incentivize users to trade, earn, deposit, and borrow on the platform.

Leading Institution Nexo Affirms Shiba Inu Listing with Educational Notes

Author: Abdulkarim Abdulwahab
United States
May 08, 2024 03:35

Leading Institution Nexo Affirms Shiba Inu Listing with Educational Notes

Nexo, a prominent institution for regulated digital assets, has reaffirmed its inclusion of Shiba Inu on its platform with an…

The post Leading Institution Nexo Affirms Shiba Inu Listing with Educational Notes first appeared on The Crypto Basic.

May 07, 2025 04:40

Qubetics, Avalanche, Arweave Updates: Best Crypto to Buy Now

Compare Qubetics, Avalanche, and Arweave best crypto to buy now. Explore Web3 presales, tokenization, and real-time data.

The post Qubetics, Avalanche, Arweave Updates: Best Crypto to Buy Now appeared first on Kanalcoin.

Mar 06, 2024 01:20

Nexos Dubai entity secures initial approval to offer crypto services

Nexo's Dubai entity gains initial approval from VARA, marking a significant step in expanding its virtual asset services in the UAE.

Mar 06, 2024 12:25

Nexo Secures Initial Approval to Offer Digital Asset Services in Dubai

Nexo's entity based in Dubai, Nexo Services FZE, has secured the initialapproval from Dubai's Virtual Assets Regulatory Authority (VARA) to offerlending, borrowing, investment, and broker-dealer services for virtual assets.This marks the digital asset platform's entry into Dubai's crypto space.

Kalin Metodiev, the Co-Founder and Managing Partnerat Nexo, mentioned: "Nexo is enthusiastic about the pursuit of new marketstrategies aligned with the transformative guidance of Dubai's Virtual AssetRegulatory Authority."

Nexo's Global Expansion

Dubai established the VARA in 2022, highlighting theregion's commitment to becoming a global hub for digital asset innovation. ForNexo, with its user base of 7 million, Dubai represents a significantopportunity in its global expansion plans.

VARA regulates virtual assets across the Emirate of Dubai, including Special Development Zones and Free Zones, but excluding the Dubai International Financial Centre. This entity plays an important role in creating legal frameworks for protecting investors and establishing international standards for the virtual asset industry.

Nexos Dubai entity, Nexo DWTC, has been awarded an Initial Approval from Dubais Virtual Assets Regulatory Authority (VARA) for a vast range of virtual asset service activities. Dubais forward-looking culture of innovation is a natural fit for our goal in contributing to pic.twitter.com/H5dPjzXru2

Nexo (@Nexo) March 5, 2024

Recently, Nexo launched a legal offensive against the Republic of Bulgaria, filing an arbitration claim exceeding $3billion. The claim stems from what Nexo termed unjust and politicallymotivated interferences by Bulgarian authorities, disrupting crucial deals andcausing significant financial harm.

Nexo's pursuit of justice followed the dismissal of criminal charges against its leadership, including Kosta Kantchev,Antoni Trenchev, Kalin Metodiev, and Trayan Nikolov. The company's collaborations with investment banksfor a funding round and an IPO valued at $8-$12 billion were disrupted. Moreover,a strategic partnership with a major European football club was abruptlyhalted.

Defying Regulatory Hurdles

Last year, Nexo was forced to cease certain services for itsusers in the UK. The company made this decision due to the mandate of theFinancial Conduct Authority (FCA). These regulations compelled Nexo to phaseout cashback payouts and referral programs.

As part of the compliance measures, Nexo discontinuedcashback payouts for transactions on its exchange and Nexo Card. Besides that,the firm ended its referral and affiliate programs.

Nexo's actions reflected a response to theFCA's regulatory mandates by the broader industry. Notably, other financial firms, including PayPal,Luno, and Bybit, have adjusted their services in the UK. For instance,PayPal temporarily suspended cryptocurrency sales to its users in the UK for at leastthree months, starting October 1 last year.

This article was written by Jared Kirui at www.financemagnates.com.

Mar 15, 2024 01:20

Nexo card sees $50M in holiday spending boosted by its credit function

Nexo Card's holiday spending hits $50M, earning the FinTech Breakthrough Award for payment innovation.

Mar 13, 2024 01:25

Over 25 Leading Bitcoin Companies Rally for Official Bitcoin Emoji

A coalition of over 25 leading organizations, including Bitcoin Magazine, rallies to introduce an official Bitcoin emoji.

Nexo Product Manager Talks 2022 Crypto Lenders Crisis and Which Coin Users Seek The Most (Exclusive Interview)

Author: Jordan Lyanchev
Bulgaria
Mar 11, 2024 01:00

Nexo Product Manager Talks 2022 Crypto Lenders Crisis and Which Coin Users Seek The Most (Exclusive Interview)

Dimitar Bratovanov spoke with CryptoPotato about the challenges Nexo faced amid the crypto lenders' crisis in 2022 and how the firm is preparing for the current bull market.

Nexo joins sanctions association as regulatory scrutiny increases

Author: Cointelegraph By Gareth Jenkinson
United States
Jul 27, 2023 04:40

Nexo joins sanctions association as regulatory scrutiny increases

Nexo looks to keep pace with regulatory requirements by implementing new certification requirements for its compliance team.

Jul 27, 2023 08:50

Nexo and ACSS Collaborate To Strengthen Compliance Standards

In a significant step, Nexo, the world’s leading institution for digital assets, has joined an innovative group of companies by joining the Association of Certified Sanctions Specialists (ACSS), proving a steadfast dedication to international regulatory compliance. Nexo wants to boost the team’s competencies by using ACSS’s vast databases, rigorous training

Apr 27, 2023 06:30

Top Crypto Gainers Today, April 27 – RNDR, EGLD, LHINU, DLANCE, NEXO, ECOTERRA, CSPR

After enduring a gruesome week with Bitcoin’s pullback to $27,500, crypto investors now face another uphill task—to hold prices steady. The most prominent cryptocurrency trades [...]

Ripple (XRP) Becomes the Most Traded Altcoin of 2023: Experts Comment

Author: George Georgiev
Bulgaria
Jul 25, 2023 05:45

Ripple (XRP) Becomes the Most Traded Altcoin of 2023: Experts Comment

Ripple’s XRP has been making headlines for many months now, with the excitement mostly circling around the case against the United States Securities and Exchange Commission. Earlier in July, Judge Analisa Torres ruled that secondary sales of XRP do not constitute investment contracts. The news was widely perceived as positive, and the markets reacted immediately, […]

Apr 25, 2023 06:40

Top Crypto Gainers Today, April 25 – FLOKI, NEXO, LHINU, DLANCE, CHZ, ECOTERRA, WOO

Participants in the crypto market continue to wait for the stalemate between bulls and bears to resolve after Bitcoin rolled back under $30,000 last week. [...]

Eve Online Developer ‘CCP Games’ Enters Web3 Space, Secures $40M Funding for Blockchain Game Launch

Author: Shiela Bertillo
Philippines
Mar 24, 2023 02:50

Eve Online Developer ‘CCP Games’ Enters Web3 Space, Secures $40M Funding for Blockchain Game Launch

The new project will use blockchain technology and smart contracts to develop core game systems in the Eve ecosystem.

The post Eve Online Developer ‘CCP Games’ Enters Web3 Space, Secures $40M Funding for Blockchain Game Launch appeared first on BitPinas.

Ohio Regulator Joins the Nationwide Settlement Against Crypto Platform Nexo

Author: Dimitar Dzhondzhorov
Bulgaria
Mar 02, 2023 01:00

Ohio Regulator Joins the Nationwide Settlement Against Crypto Platform Nexo

Nexo is expected to terminate its EIP program in Ohio on April 1, 2023.

Feb 13, 2023 06:55

Nexo to terminate yield-bearing product after paying $45 million


Nexo Capital's cryptocurrency yield-bearing product is being shut down in the US following a multi-million dollar settlement with the SEC and NASAA. (Read More)

Feb 13, 2023 12:30

Nexo Halts Earn Interest Product for US Customers

Following Nexo’s settlement with US Securities and Exchange Commission (SEC), and the North American Securities Administrators Association (NASAA), the lending

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