
California issues cease, refrain order to Nexo over offering clients an Earn Interest Product
The state financial regulators stated they were increasing regulatory scrutiny "against interest-bearing cryptocurrency accounts.”
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The firm has filed a petition to allow eligible customers to withdraw assets from its custody program and Withhold accounts.

The lender, which returned all SOL, XRP and ADA tokens to users over the past week, will allow withdrawal of up to 0.0045 BTC from Aug. 16.

Despite the recent liquidity crisis among several crypto lenders, the Fairfax county pension funds expect to earn "attractive yields."

Zipmex said that it is working to recover funds from Babel Finance and has signed a MOU with two investors to fully re-enable withdrawals.

Aave DAO gives development team the greenlight to launch its decentralized stablecoin GHO. Aave users will mint the stablecoin against their supplied collateral.

The court has asked Vauld to share cash flow and management of accounts details with creditors within two and eight weeks respectively.



