top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Cryptocurrency

4 Jan 2022

World’s Largest Lending Institution, Nexo Targets Bitcoin at $100K by mid-2022

The Index Today

Co-founder and managing partner of Nexo, Antoni Trenchev, said that Bitcoin (BTC) could hit the $100,000 milestone as soon as the summer in an interview with CNBC.


Despite BTC opening the year with bearish price action, while the Fear & Greed Index shows “extreme fear,” the Bulgarian business mogul set the record straight: “Every time that investors and the broader community write off Bitcoin, it outperforms significantly. This has been the case in 2020 when it rallied close to 1,000% and in 2021 where it rallied 63%. I’m quite bullish on Bitcoin.”

As one of the world’s largest lending institutions in the digital finance industry, Nexo is aware to the insights from serving 2.5 million users across 200 jurisdictions. As a competitor to platforms such as BlockFi and Celsius, it has recently become one of the first crypto lenders to allow customers to borrow stablecoins, Ether (ETH) and other cryptocurrencies using nonfungible tokens as collateral, Cointelegraph news reported.

©Photo: nexo.io

Clay pottery with table linens
bottom of page