Nexo has signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company.
If successful, Nexo said it plans to restructure the company and pursue an expansion in Southeast Asia and India. Vauld on Monday paused operations and said it was exploring restructuring options due to"financial challenges." Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market.
Nexo said Tuesday it had signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company. If successful, Nexo said it plans to restructure the company and pursue an expansion in Southeast Asia and India.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Another Crypto Lender Vauld Pauses Withdrawals as Market Crash Takes Its TollVauld is the latest victim of the cryptocurrency price plunge this year that has exposed flaws in a number digital coin projects and business models.
La source: nbcchicago - 🏆 545. / 51 Lire la suite »
Nexo Signs Term Sheet With Vauld for Potential Acquisition: ReportNexo said it has a 60-day exclusive due diligence period in which to decide if it will acquire up to 100% of Singapore-based Vauld. Nexo VauldOfficial GregAhl they should worry about their own selves first and foremost Nexo VauldOfficial GregAhl Investing needs to consider your own situation. Borrow and invest unless you have a very high degree of certainty that you will make money. Nexo VauldOfficial GregAhl Let see what happen . What your thoughts guys.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »
Crypto lender CoinLoan lowers withdrawal limit citing market conditionsThe European crypto lending platform has limited customers to maximum withdrawal limit of $5,000 per 24-hour period.
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »
The crypto industry needs a crypto capital market structureThe recent weeks in the markets have highlighted matters that require attention, and it seems the DeFi industry needs a sound market structure independent from the current transactional systems. An interesting perspective. Though ultimately the “elephant in the room” is whether the replication of traditional legacy finance within the context/environment of the Cryptosphere should ever have happened, given its being completely antithetical to the original Crypto ethos!? defi needs a ton of work, there's no way about it. I see Polygon and a bunch of others do a lot to help, but the path is long and winding albeit fruitful in the end. Matic's work within zk has already been commendable, and their carryover into DeFi could be a game changer That was great
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »