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Antoni Trenchev, co-founder of crypto lender Nexo, talks about the prospects of someone buying FTX.com. He's on "Bloomberg Crypto.

As the saga of FTX's utter collapse continues, Nexo tweeted that its exposure is zero following the recent withdrawal of its total balance held with the troubled exchange. The post Fears grow over new wave of CeFi bankruptcies: Nexo distances itself from FTX appeared first on CryptoSlate.

The firm withdrew its remaining balance from FTX at the eleventh hour, and topped weekly fund outflows from the troubled exchange.

The crypto market has had a tough ride this year with bears dominating the crypto winter. Before we explore whether the Nexo platform is safe, we need to do a little background check on the state of the crypto market.

In a bid to facilitate real-time collateral appraisal for NFTs, marketplace, and wallet analytics, Nexo-backed MetaQuants, a provider of NFT solutions, has unveiled its algorithm product.  The alpha version of the new algorithm product is designed to aid NFT lending, market, overpricing, and market manipulation penalties, according to a press release shared with CryptoSlate.

MetaQuants, an NFT technology provider backed by Nexo, has launched a real-time appraisal algorithm for non-fungible tokens (NFTs), Invezz learned from a press release. The platform has optimized the alpha version of the product for NFT-backed lending, punishing overpricing and wash trading, a form of market manipulation.

Digital currencies have expanded and gained enormous popularity over the past years. The sector has developed, gotten wiser, and prospered. Among several other aspects, the accessibility and versatility of cryptocurrencies have attracted traders and made them appealing. Nexo is one such platform that gives individuals quick and easy access to their possessions and speedy loans.

Leticia James – New York's attorney general – is joining several other states in a class-action lawsuit against cryptocurrency firms Nexo Inc. and Nexo Capital Inc. for allegedly lying to clients about their registration statuses.

Uniglo has had an explosive start seeing an incredible 55% price surge at ICO, bucking current bear market trends and placing itself at the center of the market's attention. Experts are watching closely and surmising the token likely has further to go.

Nexo has once again extended its exclusive due diligence period on potential Vauld deal. A source tells The Block that Nexo is "cautiously optimistic" about the deal. The post Nexo once again extends due diligence period on potential Vauld deal appeared first on The Block.

Zash, an enterprise-grade NFT indexer, has announced a partnership with Nexo. The post Nexo integrates enterprise-grade NFT indexer Zash appeared first on CryptoSlate.

When it comes to the crypto-economy, being American is one of the worst things you can be for centralized exchanges and platforms. Thank G-d for DeFi.

Nexo is facing cease and desist orders filed by 8 US states last month for offering interest-yielding accounts without registering them as securities.   

Speculations about crypto lender Nexo heading towards bankruptcy were squashed by the company's top-ranking members in an ‘Ask-Me-Anything' YouTube video on Tuesday.

After days of speculation over Nexo's financial health and solvency, the crypto lender's executives took to YouTube to answer questions from the community during an Ask Me Anything (AMA) session. The session was hosted by Nexo co-founders and managing partners Antoni Trenchev and Kalin Metodiev.

Nexo co-founders Antoni Trenchev and Kalin Metodiev hosted an AMA on October 4 in which they addressed recent cease and desist orders issued by several U.S state regulators. The post Nexo co-founders address recent cease and desist orders from US state regulators appeared first on CryptoSlate.

Nexo co-founders Antoni Trenchev and Kalin Metodiev insist that the platform is solvent, after cease and desist orders are issued. The post Nexo Co-founders Deny Being Next for the Chop After Celsius and Voyager Bankruptcies appeared first on BeInCrypto.

Co-founder Kalin Metodiev stated that comparisons between Celsius, Voyager and Nexo are “very far from reality” and that the firm is focused on building in a sustainable way.

There have been panic in the digital space amidst rumours of Nexo being insolvent due to the abrupt withdrawal of Wrapped Bitcoin (WBTC) from MakerDAO with an address labelled as Nexo Ox8fd

The Nexo-addressed Crypto pocketbook makes a large withdrawal of wrapped Bitcoin (wBTC) of up to $153 million USD from MakerDAO. This development comes amidst a predicted drop in NEXO rates.

California, New York and six other states are suing cryptocurrency lending platform Nexo for allegedly offering unregistered securities in the form of accounts that pay interest for cryptocurrency deposits, the states said in statements on Monday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the developments.

The crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors due to the wallet's name — Nexo: 0x8fd.

Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify.

Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.”