The crypto lending platform Nexo has been ordered by several California securities regulators to halt its crypto yield product. The state claims that the company’s interest-bearing accounts qualify as unregistered securities that require proper disclosures and legal protections. The enforcement action was announced by the California Department of Financial Protection and Innovation (DFPI) on Monday. The Department said its action was part of a larger investigation of companies offering crypto interest accounts.” “The DFPI has undertaken aggressive enforcement efforts against…
Tag: The Graph
The Beginner’s Guide to The Graph (GRT)
The Graph (GRT) is a decentralized, open-source indexing protocol for blockchain data. Starting with Bitcoin's inception, blockchain technology has become a playground for developers, investors, and organizations. All these entities look to develop new financial instruments and help everyone profit from them. However, navigating around a distributed ledger has turned into a tricky endeavor for newcomers. Fortunately, innovative projects, such as The Graph, look to simplify things for everyone. This indexing protocol aims to enable developers to build various APIs…
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