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Nexo's $3 Billion Arbitration Claim Against Bulgaria: Unveiling the Legal Battle

Nexo, a prominent crypto lending firm, has recently filed a $3 billion arbitration claim against the Republic of Bulgaria following a year-long criminal investigation into the company and its founders. In a press release on Wednesday, Nexo strongly argued that Bulgaria's investigation was unjustified and politically motivated, resulting in significant reputational damage and lost business opportunities estimated to be in the billions. The company, now cleared by the Bulgarian Prosecutor's Office, is seeking reparations for the financial harm suffered as a result of the investigation. Key Points: Nexo is one of 22 investors in Decrypt. The company had to abandon plans for a funding round with leading U.S. banks and an IPO on a major U.S. stock exchange due to the lawsuit. Nexo was finalizing a strategic alliance with a major European football club, which included the launch of a club-branded crypto payment card. Antoni Trenchev, co-founder of Nexo, emphasized that the arbi

False Rumors Circulating About ARK Invest's Bitcoin ETF Listing on DTCC's Site

In recent days, there has been a flurry of rumors circulating on social media platforms regarding the listing of ARK Invest's spot Bitcoin ETF on the Depository Trust & Clearing Corporation's (DTCC) website. However, I must clarify that these rumors are indeed false. Screenshots shared by high-profile crypto accounts have shown incorrect tickers related to futures products, not the spot Bitcoin ETF. As it currently stands, the DTCC's website does not list ARKB, which is the ticker for ARK Invest's spot Bitcoin ETF.

False Rumors and Incorrect Tickers

It is worth highlighting that the screenshots shared on social media platforms, which supposedly showcased the listing of ARK Invest's spot Bitcoin ETF on the DTCC's website, were misleading. These screenshots actually displayed tickers related to futures products, rather than the spot Bitcoin ETF itself. This misinformation has caused confusion and prompted the need for clarification.

DTCC's Website and ARKB

Contrary to the rumors, the DTCC's website does not currently list ARKB, the ticker for ARK Invest's spot Bitcoin ETF. This means that investors and market participants should exercise caution and refrain from making any investment decisions based on these false rumors. It is important to rely on accurate and verified information when it comes to financial investments.

iShares Listing and BlackRock's Spot Bitcoin ETF

Furthermore, it is worth addressing the overhyped news surrounding the listing of BlackRock's spot Bitcoin ETF on the DTCC's website. Contrary to the excessive excitement generated by these rumors, the fact remains that the iShares listing for BlackRock's spot Bitcoin ETF has been present on the DTCC's site since August. Therefore, the recent circulation of this news is not reflective of any new development or listing.

In conclusion

In conclusion, the rumors circulating on social media platforms about ARK Invest's spot Bitcoin ETF being listed on the DTCC's website are false. The screenshots shared by high-profile crypto accounts displayed incorrect tickers related to futures products, not the spot Bitcoin ETF. Additionally, the DTCC's website does not currently list ARKB. It is crucial for investors and market participants to rely on accurate and verified information when making investment decisions, and not be swayed by misleading rumors.

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