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The cryptocurrency market is at its lowest level since the current market downturn started at the time of writing. The market has been rattled by the crypto collapse, as Bitcoin (BTC) has fallen nearly 8% in the previous 24 hours. As the value of the largest currencies continues to decline, it can be time to …
Amidst the ongoing onslaught, this piece analyzes three altcoins that are worst hit by the correcting prices. The selection is based on the top 100 coins listed on CoinMarketCap.
Nexo managing partner Antoni Trenchev reckons a consolidation of the crypto market is the next step required to overcome current struggles.
The NEXO price crashes 40% in three days due to insolvency rumors, with the company saying that it has no exposure to Three Arrows Capital liquidity issues so let's read more today in our latest Nexo news. The NEXO price continued falling as the lending companies continue to be shaken by the crashing market.
Despite the market conditions and the swelling contagion fears, Nexo is marching on with its growth ambitions. Nexo says its plans to hire more staff amid the current bear market is due to its business model. Per the firm, its operations follow a model “designed with sustainability in mind. As such, the platform continues to […] The post Nexo is hiring, says its growth is ‘organic' appeared first on Invezz.
The ongoing cryptocurrency collapse has proved to be an alarming call for many investment firms dealing with digital assets. The same has happened with Three Arrows Capital (3AC).
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations.
When I saw Nexo tweeting their takeover offer of rival Celsius amid the latter's crisis yesterday, I immediately smiled. Because without knowing anything beyond the superficial detail, it's really cunning by Celsius. Let's dig in. Crypto crash sparked by Celsius I wrote a deep dive into the crisis facing crypto lending platform Celsius crisis yesterday […] The post Nexo's incredibly smart Celsius takeover bid appeared first on Invezz.
Leading crypto lending platform Nexo made an unsolicited offer to acquire “any remaining qualifying” assets of rival Celsius Network after the latter suspended withdrawals due to adverse market conditions. The post Nexo makes unsolicited offer to acquire Celsius' assets after it halts withdrawals appeared first on CryptoSlate.
This week began with another terrible news for the cryptocurrency market. According to statistics from CoinMarketCap, Bitcoin (BTC) and Ethereum (ETH) have plummeted to fresh 52-week lows of $22,920 and $1,190, respectively. The existing market dynamics indicate that a crypto winter may loom, and the recovery path will be exhaustive. Meanwhile, Celsius (CEL), a DeFi […] The post Celsius pauses withdrawals, rival firm Nexo proposes buyout appeared first on Invezz.
Nexo has offered to buy out Celsius Network's assets as Celsius stares at insolvency. We tell you what prompted the move.
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency have been swirling. On June 12, around […]
BlockFi, another large crypto lending and yield platform, has issued a statement that all things are operating normally on their platform – a clear reference to the temporary halt of withdrawals on Celsius. BlockFi CEO and founder Zac Prince stated: All products and services BlockFi.
Crypto lending platform Nexo (CRYPTO:NEXOY) has offered to buy the assets of its rival Celsius (CRYPTO:CEL) after the latter announced a pause on all withdrawals, swaps, and transfers between accounts due to “extreme market conditions.” The offer to buy Celsius's assets ends on June 20 Nexo said it was in а solid liquidity and equity position to readily acquire any remaining qualifying assets of Celsius, mainly their collateralized loan portfolio and that yesterday, it reached out to the Celsius team to offer its support, but help was refused.
Nexo has extended an offer to buy Celsius' collateralized loan portfolio to help ensure the platform's customers can be made whole again.
Coinspeaker Nexo Extends Offer to Purchase Celsius Collateralized Loan
Nexo Proposes Celsius buyout after the company stopped withdrawals recently as we reported in our cryptocurrency news. The lending paltform Nexo proposes a bid to acquire certain remaining qualifying assets of the Celsius Network.
Which cryptos are the biggest losers during this crypto crash? Here's our top 3, taking into consideration cryptos with a +$250M market cap.
Financial services provider Nexo capital has announced it has the capacity to buy crypto assets from its troubled rival Celsius. The former stated it ‘is in a solid position to acquire any remaining qualifying assets of Celsius, mainly their collateralized…
Major crypto lender Celsius (CEL) has entered boiling hot water today when it announced a halt to withdrawals, transfers between accounts, and Swap – leaving the crypto industry to try and figure out how this crisis may affect it, as lenders left and right reassure their users of normal operations.
Nexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.”
Crypto lending platform Nexo came forward with a bid to acquire “certain remaining qualifying assets” of its competitor Celsius Network.
Nexo has announced that it wants to purchase qualifying assets from Celsius Network. Celsius Network suspended withdrawals until further notice because of current market conditions.
Nexo extends a letter of intent to buy part or all of Celsius Network's qualifying assets following the withdrawal freeze.
