ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

MixMarvel Is to Co-Host a Web3 Reception in Hong Kong

March 20, 2023

EU’s MiCA Crypto Law Debate Scheduled for April 18

March 20, 2023

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

March 20, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    MixMarvel Is to Co-Host a Web3 Reception in Hong Kong

    March 20, 2023

    EU’s MiCA Crypto Law Debate Scheduled for April 18

    March 20, 2023

    Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

    March 20, 2023

    Arthur Hayes Forecasts ‘Most Hated’ Bitcoin Rally Ever As Infinite Money Printing Ensues

    March 20, 2023

    Arthur Hayes Forecasts ‘Most Hated’ Bitcoin Rally Ever As Infinite Money Printing Ensues

    March 20, 2023

    Will the Fed stop rate hikes? 5 things to know in Bitcoin this week

    March 20, 2023

    Taiwan watchdog FSC to assume authority on crypto regulation

    March 20, 2023

    Fed, central banks enhance ‘swap lines’ to combat banking crisis

    March 20, 2023

    These 5 cryptocurrencies may continue to surprise to the upside

    March 19, 2023

    Grayscale extends review of ETHPoW decision

    March 17, 2023

    Euler Finance hacked despite 10 audits in 2 years, says CEO

    March 17, 2023

    Ethereum price reaches lowest level relative to Bitcoin in 5 months

    March 15, 2023

    Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom

    March 20, 2023

    Ethereum (ETH) Creator Vitalik Buterin Outlines Favorite Crypto Security Strategy

    March 19, 2023

    Whales Quietly Boosting Ethereum Altcoin That Exploded 114% This Week: On-Chain Data

    March 19, 2023

    Silicon Valley Bank Implosion Whipped Up Frenzy of DeFi Transactions As Crypto Assets Rebounded: DappRadar

    March 18, 2023

    MixMarvel Is to Co-Host a Web3 Reception in Hong Kong

    March 20, 2023

    EU’s MiCA Crypto Law Debate Scheduled for April 18

    March 20, 2023

    Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

    March 20, 2023

    Beeple’s ‘The Long Road’ – is this the Ultimate Puzzle?

    March 20, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    The Man Behind The Crypto Crackdown!! What's Coming?!

    March 19, 2023

    😱 Crypto BANNED in the US?! The SHOCKING Truth About Stable Coins! 🔥 | #StableCoins #shorts

    March 19, 2023

    Master Your Wealth With The Right Mindset

    March 19, 2023

    Bitcoin Price $1 MILLION by June 17th! Microsoft Buys Ethereum!

    March 18, 2023

    $200k Bitcoin SOON (Why BTC WILL SKYROCKET)

    March 18, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.003.68% 24H
    BITCOIN
    24H : 3.68%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.13% 24H
    ETHEREUM
    24H : -0.13%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.17% 24H
    TETHER
    24H : -0.17%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.260% 24H
    BNB
    24H : 0.260%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.000.070% 24H
    USD COIN
    24H : 0.070%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-2.71% 24H
    XRP
    24H : -2.71%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.09% 24H
    CARDANO
    24H : -0.09%
    Volume : $0.00
    Marketcap : $0.00
  • matic-networkPolygon(MATIC)
    $0.00-3.39% 24H
    POLYGON
    24H : -3.39%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.003.68% 24H
    BITCOIN
    24H : 3.68%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.13% 24H
    ETHEREUM
    24H : -0.13%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.17% 24H
    TETHER
    24H : -0.17%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.260% 24H
    BNB
    24H : 0.260%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.000.070% 24H
    USD COIN
    24H : 0.070%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-2.71% 24H
    XRP
    24H : -2.71%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.09% 24H
    CARDANO
    24H : -0.09%
    Volume : $0.00
    Marketcap : $0.00
  • matic-networkPolygon(MATIC)
    $0.00-3.39% 24H
    POLYGON
    24H : -3.39%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Troubled Vauld May Be Acquired and Come Under ‘Nexo Umbrella’
News

Troubled Vauld May Be Acquired and Come Under ‘Nexo Umbrella’

Crypto NewsBy Crypto NewsJuly 11, 20221 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Singapore-based crypto lender Vauld may get acquired by major crypto lender Nexo (NEXO).

The news was announced by Vauld CEO Darshan Bathija today, stating that the exchange has signed “an indicative term sheet” with Nexo to buy “up to 100% of Vauld.”

The CEO added that,

“The completion of this transaction is pending due diligence – which both teams are working on as we speak.”

Per Bathija, this move comes as the company is “working tirelessly to ensure [users’] financials are protected,” given that a lot of the “customers are nervous about” their funds.

He stated that,

“Vauld has strived to deliver long term value to all customers, and we believe coming under the Nexo umbrella will significantly help achieve this.”

Nexo co-founder Antoni Trenchev was quoted by the Block as stating that,

“We have to see what exactly is on their books and it’s going to take a little while. […] But since we have the [60-day] exclusive exploratory period, we are the only ones looking at them right now.”

The co-founder said that they are interested in Vauld because it has “huge traction in India and Southeast Asia, which are important markets to us.” Nexo is looking into whether they can restructure or refinance Vauld, Trenchev said, “so that it is functioning again, so that it is profitable within the Nexo umbrella.”

The Coinbase and other major investors-backed Vauld just yesterday announced that it had suspended all withdrawals, deposits, and trading citing “financial challenges” amid lingering sour market conditions.

Founded in 2018, Vauld is backed by the venture arm of Coinbase, Pantera Capital, Valar Ventures, CMT Digital, Gumi Cryptos, Compound Labs founder Robert Leshner, and Cadenza Capital. It is headquartered in Singapore with most of its workforce based in India. In late June, Vauld announced that it has laid off 30% of its workforce.

Meanwhile, back in mid-June, the UK-based Nexo put in an offer for assets of the troubled Celsius Network (CEL), which apparently fell through.

____

 
– Nexo Eyes Potential M&A Targets as Crypto Market in ‘State of Fear’
– 100º Celsius: Industry Debating Possible Impact, Lenders Reassuring Users, Nexo Offers Help

– Crypto Chaos Continues as Loans Firm Cuts Withdrawal Limit, 3AC Moves Funds, & Celsius Apparently Pays Maker 

– Coinbase-Backed Crypto Exchange Vauld is Latest to Pause Withdrawals, Deposits, and Trading
– FTX CEO: Some Smaller Exchanges Are ‘Too Far Gone,’ ‘Insolvent,’ and Unlikely to Be ‘Saved’



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

MixMarvel Is to Co-Host a Web3 Reception in Hong Kong

March 20, 2023

EU’s MiCA Crypto Law Debate Scheduled for April 18

March 20, 2023

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

March 20, 2023

Arthur Hayes Forecasts ‘Most Hated’ Bitcoin Rally Ever As Infinite Money Printing Ensues

March 20, 2023

Crypto.com gets MVP preparatory license from Dubai regulator

March 20, 2023

Swords of Blood Token Presale Incoming: Learn Why This Hack-and-Slash P2E Game Is The Next Big Game in Polygon

March 20, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

MixMarvel Is to Co-Host a Web3 Reception in Hong Kong

March 20, 2023

EU’s MiCA Crypto Law Debate Scheduled for April 18

March 20, 2023

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

March 20, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.