The claim was filed with the International Centre for Settlement of Investment Disputes (ICSID), a part of the World Bank based in Washington, D.C. ICSID, known for arbitrating disputes between global investors and states, registered the case on January 18, as indicated on its website. The Bulgarian finance ministry acknowledged receiving an arbitration request from…
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In its agreement with Nexo, the US watchdog pointed out that the crypto company has cooperated with the staff. Furthermore, Nexo announced in December it will cease the offer and sale of EIP in certain states and is phasing out of products and services in the US. Nexo released a statement regarding the resolution with…
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Furthermore, the prosecutor’s office stated that more than 3.6 million transactions have gone through Nexo, some of which involving “risky players”. Nexo has not responded to local media for comment but has posted on Twitter, speaking against the investigation. The company also said that they have taken preventive measures against money laundering. The company tweeted:…
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The firm added: We firmly believe that acquiring all or part of Celsius’ qualifying, outstanding collateralized loan receivables will go a long way in providing immediate liquidity to Celsius clients. We are still waiting to hear from their management and will update you. The lender stated that the offer is subject to risk management and…
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Nexo said in the official announcement: The card requires no minimum repayments, monthly, or inactivity fees. There are no FX fees for up to €20,000 per month. Additionally, there are no restrictions on what a customer can spent or withdraw. Interest is with no cost for Nexo customers who maintain a loan-to-value ratio of 20%…
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Spending your cryptocurrencies is one of the goals of many companies. Startups around the world think of innovative solutions on how to allow investors to actually spend their digital coins. One financial startup, however, is doing a different thing. Nexo, Arrington XRP capital-backed company, revealed a special debit crypto card with a line of credit…
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Social crypto trading platform Blockport has announced that its users will now be able to use the Nexo platform to get crypto loans, offering them another alternative to selling their cryptocurrencies for fiat currencies. Blockport users can now keep their cryptocurrencies with all potential upsides, and leverage them to get instant access to cash. Blockport…
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