ChainCatcher news, Nexon's web3 subsidiary Nexpace has launched the second game test of MapleStory N, which will take place from November 20 to 29. Due to the growing demand from the community, this test is open to everyone, unlike the last test in July, but access is geographically restricted. It is reported that MapleStory N is a blockchain game based on the well-known MapleStory IP, expected to be released in 2025. Regarding the latest game test, it also includes free ecosystem applications such as the MapleStory Universe marketplace and Explorer platform. In addition to exploring the game, its web3 features, and additional applications, participants can also earn in-game rewards, including NESO, decorative items, and pre-registration bonuses. Furthermore, users have the chance to earn MSU ecosystem tokens.

ChainCatcher news, according to Edaily, South Korea's two major gaming companies Nexon and Wemade have confirmed that they currently have no plans to profit from their holdings of Bitcoin.Nexon holds only 1,717 Bitcoins, with an average purchase price of $58,226 per coin. The company emphasizes that Bitcoin is regarded as an asset equivalent to cash and has no intention of engaging in short-term trading based on market fluctuations.Wemade holds 223 Bitcoins but has not disclosed its average purchase price. A representative from the company clarified that the purchase of Bitcoin is purely for investment purposes, and there are currently no plans to liquidate it. Both companies stated that they intend to hold Bitcoin as a long-term investment.

ChainCatcher news, according to Point Daily, after Donald Trump won the U.S. presidential election, cryptocurrency prices soared, and South Korean video game developer Nexon made a substantial profit from its Bitcoin investments.Nexon's Japanese subsidiary purchased 1,717 Bitcoins in 2021 at an average price of $58,226 each, totaling $100 million. With the current Bitcoin price at around $89,000, the value of these Bitcoins has increased to approximately $152.81 million, achieving a gain of about 52.8%.

ChainCatcher news, the crypto lending institution Nexo has repositioned itself as a digital asset wealth platform, having updated its website and logo, and revamped its user interface to emphasize flexibility and compliance.Nexo's Chief Product Officer Elitsa Taskova stated, "Our new image reflects Nexo's evolution into a sophisticated digital asset wealth platform. In the future, we will focus on highly personalized premium services."

ChainCatcher news, according to Arkham monitoring, about 15 minutes ago, the Nexo marked address transferred 437 WBTC to Binance, approximately 24.95 million dollars.

ChainCatcher message, the crypto lending institution Nexo has reopened registration for UK customers after a series of upgrades to meet the compliance requirements of the UK's Financial Conduct Authority (FCA).This upgrade was implemented in collaboration with Gateway 21 (an FCA-authorized and regulated financial promotion approval body), and the changes include providing a cooling-off period and dedicated risk warnings for UK customers. Users are also required to complete an investor classification questionnaire and a suitability assessment before using the platform, which has become standard practice for cryptocurrency companies serving UK customers.

ChainCatcher news, according to Cointelegraph, Nexo's brokerage head Andrey Stoychev believes that ETF approval could be the strongest price catalyst for ETH in the current bull market cycle. Ethereum ETFs in the U.S. and similar products in Asia could drive ETH to reach $10,000 by the end of 2024, outperforming Bitcoin's performance after ETF approval.

ChainCatcher news, according to CoinDesk, the crypto lending platform Nexo has received preliminary approval from the Dubai Virtual Assets Regulatory Authority (VARA) to become a licensed entity in Dubai.It is reported that obtaining a full license includes three phases: preliminary temporary license, preparatory license, and operating license. Nexo's regional entity Nexo DTC is seeking full approval for lending and borrowing, management and investment, as well as brokerage proprietary trading.

According to ChainCatcher news, as reported by Chosun Biz, sources indicate that NXC, the holding company of South Korean gaming giant Nexon and the largest shareholder of one of South Korea's top five cryptocurrency exchanges, Korbit, is seeking to sell its 48% stake. NXC acquired a 62% stake in Korbit for 93 billion won in 2017, and its share was diluted after SK Square, an investment company under the SK Group, joined as the second-largest shareholder in 2021. An official from NXC stated, "We cannot make a formal statement at this stage."The report indicates that Korbit's performance has gradually deteriorated over the six years since being acquired by NXC. A deficit is also expected in 2023. NXC stated at the beginning of its investment that it would not directly participate in Korbit's management, and industry insiders analyze that even if Korbit falls into difficulties, NXC has not provided significant support to the exchange.

ChainCatcher news, according to a report by Reuters, cryptocurrency lending company Nexo is seeking $3 billion in damages from Bulgaria over a halted criminal investigation, claiming that the investigation derailed its plans to go public in the U.S. and a football sponsorship deal. "The investigation tarnished its reputation and undermined shareholder value."The International Centre for Settlement of Investment Disputes (ICSID), based in Washington, is an international arbitration institution that handles disputes between international investors and states. Its website shows that the case was registered on January 18. An ICSID spokesperson could not confirm the amount of damages requested or other details. The Bulgarian Ministry of Finance stated that it has received the arbitration request from the ICSID, which will be reviewed by a specialized interdepartmental committee before proposing next steps. The prosecutor's office is also one of the defendants in the case.Previous reports indicated that Bulgarian authorities had dropped the money laundering investigation against Nexo executives. The investigation was launched on September 29, 2022, focusing on allegations of involvement with organized crime groups and unauthorized banking activities through Nexo. Under relevant laws, four Nexo executives were accused of operating an organized crime group from 2018 to January 2023. Additionally, two of them faced charges for conducting unauthorized banking transactions between June 2018 and January 2023, involving lending and deposits in various currencies on the Nexo platform without proper authorization under the Credit Institutions Act (CLI).

ChainCatcher news, the Sofia Prosecutor's Office has withdrawn the money laundering investigation against Nexo executives, as their actions were deemed legal.The investigation was initiated on September 29, 2022, focusing on allegations of involvement in organized crime groups and unauthorized banking activities through Nexo. According to relevant laws, four individuals were accused of operating an organized crime group from 2018 to January 2023. Additionally, two of them faced charges for conducting unauthorized banking transactions from June 2018 to January 2023, involving lending and depositing various currencies on the Nexo platform without the proper authorization under the Credit Institutions Law (CLI).

ChainCatcher news, nftgators reports that game developer Nexon has announced the launch of a $100 million Web3 fund to support its blockchain gaming ecosystem MapleStory Universe and related IP. This funding will be used to support developers in building SDKs and to create a sandbox platform for players and creators to develop blockchain games.

ChainCatcher news, according to CoinDesk, due to the rules of the UK's Financial Conduct Authority (FCA), the crypto lending platform Nexo will gradually discontinue cashback services for UK exchanges and credit card transactions. Starting from October 8, Nexo will gradually phase out cashback services for Nexo Exchange and Nexo Card transactions, as well as referral and affiliate programs.

ChainCatcher news, according to Scopescan monitoring, the crypto lending platform Nexo withdrew 4,000 ETH (approximately $6.52 million) from Binance 15 hours ago and subsequently staked it on Lido.In the past month, Nexo has withdrawn a total of 13,945 ETH (approximately $24.1 million) from Binance and staked 34,400 ETH (approximately $62.48 million) on Lido.

ChainCatcher news, the crypto lending platform Nexo has launched a "dual mode" Mastercard that combines debit and credit card features, now available to the public for citizens and residents of the European Economic Area (EEA).Nexo claims that this card addresses the issue of users needing to convert digital assets into fiat currency before spending, and Nexo debit card users earn 9% interest on their held cryptocurrencies.

ChainCatcher message indicates that, according to this month's documents, the crypto lending institution Nexo has applied to remove Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. from the UK company register.Nexo co-founder Antoni Trenchev stated that the company is "undergoing some restructuring" and "rethinking the way it serves customers," but does not intend to exit the UK. According to evidence provided by accounting firm Moore Johannesburg on Thursday, it oversees approximately $2 billion in assets on its platform. (source link)

ChainCatcher news, South Korea's largest game developer Nexon has announced the launch of the NFT game MapleStory Universe on Polygon. The game's head, Hwang Sun-young, stated that they will work closely with the team at Polygon Labs to develop and market the game and build an NFT ecosystem based on it.It is reported that MapleStory first debuted in South Korea in 2003 and has since been released in several other countries around the world. In the game, players create their own characters and embark on quests, battling monsters and interacting with other players in a virtual world. The game features a variety of different professions to choose from, each with its own unique skills. (Source link)

ChainCatcher news, the Ohio Department of Securities has agreed to a settlement with the lending platform Nexo. Nexo has agreed to pay $22.5 million to resolve allegations from Ohio and other states in the U.S., the District of Columbia, Puerto Rico, and the U.S. Virgin Islands for failing to comply with state securities registration requirements (paying $424,528.30 to each jurisdiction).It is reported that Nexo had previously agreed to pay a $22.5 million fine on January 19 and ceased issuing and selling unregistered lending products Earn to U.S. investors on April 1, concluding the SEC's allegations against it. (Source link)