Crypto lender Nexo has reached an agreement with the US Securities and Exchange Commission to pay a total of $45 million in fines and to stop offering and selling its retail crypto asset lending product to US investors, the regulator announced on Thursday. Nexo Capital Inc. was charged with failing to register the offer and […]
Category: Reports
The United Kingdom is slowly shifting towards a greener economy, and as a major part of the decarbonisation plans, the transition to electric vehicles is already underway, with all petrol and diesel cars set to be banned from sale in 2030. Sales of electric cars have increased dramatically over the past year, reaching record-high numbers […]
On Thursday, just a few hours after police stormed the Nexo offices, an email to Nexo’s management, allegedly written by one of the firm’s co-founders Georgi Shulev surfaced and BestBrokers got a hold of a copy of it. The email, originally written in 2020 in reply to a Zeus Capital email, explains why Shulev, the […]
Nexo’s headquarters in Bulgaria were stormed by prosecutors and police this morning. The team of BestBrokers is reporting directly from the scene. This is what we know so far: Nexo’s headquarter in Sofia this morning Police officers, along with investigators, prosecutors, and counter-intelligence agents are now raiding the offices of popular crypto firm Nexo in […]
On 17 November Ledger announced a key partnership with Kiln which enabled users to stake ETH directly through Ledger Live. With the recent struggles of a number of crypto lenders and exchanges, Ledger makes a rather risky move which could turn out to be a winning one, keeping in mind the company’s reputation. The team […]
With increasing mortgage rates and persistently high inflation that continues to put a strain on many family budgets, affordability has become a top priority for new home buyers. Although the drop in fuel prices over the summer gave people a certain relief, housing prices in the US continue to climb, with some experts predicting that […]
Current market conditions can be easily described as disastrous. Inflation, recession, post-pandemic issues including lockdowns, war have major role in the current bear market. In such hard times, the BestBrokers team decided to analyse the Gold investment levels across the major investment regions – namely United States, North America, China, India, and Europe. Globally, Q3 […]
Millions of people are eager to spend Thanksgiving together, enjoying the festive meal with their loved ones. But this year, due to the ongoing inflation, the holiday will cost a lot more as families will need to spend more on travel, on heating and lighting their homes, and most importantly, on preparing the traditional Thanksgiving […]
Buy Now, Pay Later (BNPL) schemes have become increasingly popular in the UK market. In a time of economic crisis, many are looking for interest-free ways to manage their cash flow. Studies estimated that in 2020, 10.1 million people in the UK had used BNPL, growing by 70-80% from the year before. To put that […]
US e-commerce continued expanding in 2021, as the economy and, more specifically, travel industry started recovering from the impact of the COVID-19 pandemic. The total value of US e-commerce transactions grew 10% year-on-year in 2021, while the segment is expected to expand at a compound annual growth rate of 11% through 2025, more than twice […]