Bloomberg Publishes Fake News on China’s PBC Crypto Ban

Early 24th September, Bloomberg, one of the largest online news outlets, released fake news that drove crypto prices down. In the news, Bloomberg said that China's PBC termed all crypto transactions illegal. However, while the memo is available on the PBC website, the central bank originally on 15th September. Bloomberg Reports China's Crypto Bann China continues to add on its unrelenting determination on the crackdown against digital currencies in the country. The People's Bank of China (PBC) takes an aim…

Lending Platform Nexo Launches Crypto Exchange Service 

Three years after establishing its cryptocurrency lending and savings platform, Nexo has launched an exchange to allow users to trade several crypto-to-crypto and fiat-to-crypto pairs.  The cryptocurrency lending provider stated in a press release today that its users can now trade up to 75 cryptocurrency and fiat pairs via its in-app exchange.  Unlike regular cryptocurrency exchanges that offer fluctuating prices for crypto assets, the Nexo exchange will leverage its newly-built “Smart Routing” feature that will automatically connect to popular trading…

Nexo Review – The World’s First Instant Crypto Credit Lines

Even with all the crypto world advancements, there haven’t been many significant crypto credit facilities. However, if we are going to advocate for the mass adoption of credit facilities, we need to ensure that we have similar services as the traditional financial system provides, only with some advantages.  Fortunately, Nexo, a leading FinTech group, has taken upon itself to provide the world’s first instant crypto-backed loans. Thanks to this platform, anyone who has some crypto assets benefits from it without…