Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Antoni Trenchev
Nexo Co-Founder Considers Suing Bulgaria for $1 Billion
Nexo co-founder Antoni Trenchev said his company may sue the Bulgarian government for $1 billion following a raid on Nexo’s offices earlier this month. Trenchev claimed that the state’s actions were not only illegal, but caused significant harm to his company’s reputation. Repairing a Damaged Reputation During an interview with Nova TV, Trenchev called claims that his company is involved in money laundering and terrorist financing operations ”absurd.” "We, as an institution, monitor all incoming and outgoing transactions on our…
2 years ago
Nexo Founder Explains His Case For $100,000 Bitcoin
Founder of one of the largest crypto lending sites thinks Bitcoin could reach $100,000 in 2022. That's because the Fed' won's stop printing money - making other countries turn to BTC. Antoni Trenchev, the co-founder of Nexo, one of the largest lending sites for crypto globally, shared his predictions for crypto. In the short interview, the Bulgarian businessman spoke about why he is bullish on Bitcoin. He also revealed why he thinks the "digital gold" could reach $100,000 in the middle of…
3 years ago