Centralized lending and borrowing platform Nexo has signed an “indicative term sheet” for the potential acquisition of Vauld. An indicative term sheet is a non-binding agreement establishing business terms and conditions between a proposer and borrower. In this case, Nexo has an exclusive two-month period to conduct due diligence to acquire 100% of the company….
CryptoSlam metrics, including global sales volume and average sale price, show that crypto winter has hit the NFT sector hard. Critics of NFT art argue that the drop-off in price and trading volume is long overdue — especially for collections like Bored Ape Yacht Club and CryptoPunks, which are deemed “overpriced.” Global NFT sales tank…
Voyager Digital sent out an email to customers announcing that withdrawals processed before the suspension of trading were now being processed. The exchange halted deposits, withdrawals, trading, and rewards on June 30, and the business has issued little communication since. On July 3, the exchange posted a thread on Twitter confirming the value of its…
According to the tech website CTech, Celsius Network laid off 150 workers in a bid to stay operational. The troubled lending and borrowing platform announced a pause on withdrawals on June 13, citing “extreme market conditions.” In the weeks before the announcement, rumors were circulating that the company was insolvent, a claim denied by CEO…