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news-imageJanuary 20, 2023

Nexo Pays $45 Million Fine in a Settlement with SEC

Cryptocurrency lender Nexo Capital has agreed to a fine of $45 million to settle charges brought against it by the United States Securities and Exchange Commission (SEC) and state regulators over its failure to register its crypto asset lending product. On Thursday, the SEC announced that it charged Nexo with failing to register its retail crypto asset lending product called Earn Interest Product (EIP).
Publisher: Crypto Daily
Sentiment: Negative
NEXO

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Shiba Inu's Whale Transactions Spike 383% And New Account Creations Soar 15X On Nexo Listing Announcement

Shiba Inu (CRYPTO: SHIB) has experienced a surge in large transaction volume and new accounts following a network upgrade that has made Shibarium even faster. What Happened: Digital asset lender Nexo announced the listing of Shiba Inu on its platform, highlighting the coin's transition from a playful meme to a symbol of community empowerment.

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Shiba Inu Soars as Nexo Listing Fuels Adoption Frenzy

The announcement of Shiba Inu's listing on Nexo has sent ripples of excitement throughout the crypto community, with enthusiasts eagerly anticipating the potential impact on SHIB adoption and market dynamics. With this latest listing, SHIB holders gain seamless access to a plethora of functionalities on the Nexo platform, including buying, swapping, borrowing, and transferring SHIB tokens.

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