Nexo Coin, the digital token for the Nexo crypto platform, has been in the headlines for a range of reasons lately. Notable aspects include
price predictions for 2024, 2025 and 2030, with some indicating that NEXO could surpass the $5 price target. Nexo has also been making strategic partnerships, most notably with Shiba Inu which resulted in a 5% surge in the latter's value and a wave of new Nexo account registrations. In terms of regulatory news,
Nexo secured its first regulatory victory in Dubai, obtaining preliminary VARA approval for lending and brokerage services. However, it also faced an investigation in Bulgaria over alleged money laundering but was cleared due to lack of evidence. Nexo was also fined $45 million by SEC for violating security laws and announced US exit following SEC settlement.Nexo's product evolution remains dynamic, with highlights including the launch of a status centre feature, $12M allocated for ecosystem incentives, and a partnership with Sift for digital asset fraud protection. It also pushed for a Bitcoin emoji with a petition that gathered over 10,000 signatures and launched a crypto Mastercard for EEA citizens.Controversy hasn't been entirely absent as Nexo was in court with a co-founder over missing assets and faced consumer backlash over a sudden fee hike followed by offering free fiat withdrawals. Despite all, Nexo's confidence remains, with the company hiring Citigroup for advice on acquisitions and the co-founder boldly predicting bitcoin could hit $100k by mid-2022.
NEXO Coin News Analytics from Wed, 02 May 2018 02:47:09 GMT to Mon, 29 Jul 2024 09:00:37 GMT -
Rating -2
- Innovation 4
- Information 7
- Rumor 3
