Golden Finance reported that the crypto lending platform Nexo posted on social media that Nexo has integrated Tether USDT on the TRON network.

Golden Finance reports that crypto lending platform Nexo plans to phase out some of the products it offers to UK customers, including starting to phase out cashback on Nexo exchange and Nexo card transactions as well as referral and affiliate programs from October 8 to comply with The UK’s Financial Conduct Authority is introducing upcoming rules on cryptocurrency promotions that will require firms to register to approve ads and make changes to the system, such as giving first-time buyers at least 24 hours to reconfirm whether they want to receive invitations to invest.

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Odaily Planet Daily News Nexo joined the Association of Sanctions Specialists (ACSS), aiming to obtain resources, relationships and data through ACSS to improve compliance. Savina Boncheva, Head of Compliance at Nexo, said: “Partnering with ACSS allows us to take compliance to a level recognized by a renowned industry body, while creating opportunities for the growth of our compliance team.” (Cointelegraph) According to previous reports, the encrypted lending platform Nexo reached a settlement with the US Securities and Exchange Commission (SEC) and state regulators, will pay a total of $45 million in fines and stop providing lending products Earn Interest Product (EIP).

Jinse Finance reported that on Friday, Bitcoin was hovering above $30,000, with multiple signals indicating that further interest rate hikes are likely this year. The world's largest cryptocurrency by market value was up 0.2% at 12:40 p.m. in New York, according to data from CoinGecko. Nexo co-founder Antoni Trenchev said wage growth and unemployment will worry Fed hawks, meaning we're not out of the woods yet on rate hikes. However, even in the face of hawkish news, Bitcoin bulls remain calm and hold their ground.

Odaily Planet Daily News The encrypted lending institution Nexo announced that it passed the SOC 2 Type 2 audit and obtained the American Institute of Certified Public Accountants (AICPA) certificate.

Jinse Finance reported that according to data from Coin Gecko, the world’s largest cryptocurrency by market capitalization rose 1.6% to $31,011. That's just below its highest level in more than a year. Meanwhile, Nexo co-founder Antoni Trenchev sees $32,000 as the next resistance level, after which Bitcoin could surge further. He noted that July is generally a good month for digital assets. Antoni Trenchev said that it is easy to forget that after the FTX crash, Bitcoin suffered a lot at the beginning of the year, but in early July, we were up by more than 80%.