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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

CryptoPunk NFT Holders Can Now Obtain Physical Prints of Their Digital Art

In an exciting development for collectors of CryptoPunk NFTs, Avante Art and Yuga Labs have joined forces to offer holders the opportunity to obtain physical prints of their digital artwork. This partnership, which is currently running for a limited 48-hour period, allows CryptoPunk owners to commission print copies of their beloved digital punks. Additionally, a collection called "10,000 On Chain" is available for purchase, offering prints of all 10,000 CryptoPunks to anyone interested. Each printed punk comes with its own unique characteristics and includes a holographic sticker for added authenticity. This collaboration between Avante Art and Yuga Labs provides a tangible way for CryptoPunk enthusiasts to showcase their collection in the physical world.


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