Nexo to Phase Out Service in US After Hitting 'Dead End' With Regulators
The U.K. crypto lender said it would suspend access to its Earn product in eight states from tomorrow.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
SoFi Launches 4.40% APY Tokenized Deposit With FDIC Cover and 24/7 Crypto Access
Key Takeaways: SoFi launched a variable 4.40% APY tokenized bank deposit service named SOFIE. Each SOFIE signifies $1 deposited wi...
Bybit Wins Dubai VARA Approval For Spot Crypto Exchange Services
TL;DR: Bybit says its Dubai entity has secured a VARA virtual-asset service provider licence covering spot exchange activity; deri...
NIP Group Signs Bitcoin Miner Purchase To Add 4.47 Exahash Of Capacity
TL;DR: NIP Group has agreed to purchase already deployed Bitcoin mining machines with about 4.47 EH/s of hash rate, subject to clo...
HSBC rolls out HKD stablecoin RedCoin as it prepares tokenized investment services
HSBC's stablecoin initiative could accelerate digital finance adoption, enhancing transactional efficiency and broadening investme...
HSBC Brings Hong Kong Dollar Stablecoin To PayMe As Retail Rollout Begins
TL;DR: HSBC has launched its Hong Kong dollar-backed RedCoin for payments through PayMe, with wallet activation set to expand to m...
Bloomberg Adds Basel Crypto Exposure Classification For Banks And Asset Managers
TL;DR: Bloomberg has expanded its crypto analytics to classify bank exposure under Basel standards, including indirect holdings hi...