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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

Iskra and Grampus CWC Collaborate on New Web 3 Games, Project F and Juicy Adventure, Following the Success of Norma in Metaland

Iskra, the top ranked Web 3 game platform, has recently announced its collaboration with Grampus CWC, a blockchain subsidiary of Grampus, to develop two new Web 3 games. This exciting partnership comes on the heels of the successful global launch of Norma in Metaland, a Web 3 reboot of the popular game Cooking Adventure. Norma in Metaland has quickly gained traction since its launch on July 31, 2023, with over 30 million downloads and a daily active user base exceeding 10,000 within just one month. The game has also attracted players from various regions around the world, including the U.S., Brazil, Japan, the Philippines, Indonesia, and Vietnam, thanks to its support for global languages such as Spanish and Chinese. Iskra's ongoing efforts to promote and strengthen local communities, as well as its commitment to localization, have contributed to the game's success. As Iskra looks to expand its global presence, it is eager to continue collaborating with Grampus CWC on upcoming game titles. The two new games, Project F and Juicy Adventure, are set to launch in the first half of 2024. Project F is a unique shooting game set in the depths of the ocean, where players are tasked with capturing rare fish and marine creatures using specialized weapons and automated attacks. Juicy Adventure, on the other hand, transports players to the world of Animal Forest, where a giant fruit blender grants forest creatures unique abilities, sparking competition for control. With engaging gameplay and imaginative storylines, both games are expected to provide entertainment for players of all ages. Kim Jee-in, CEO of Grampus CWC, expressed his excitement about joining Iskra in launching these two games, emphasizing the importance of community engagement and experience expansion. Kim believes that Project F and Juicy Adventure will redefine Web 3 gaming and contribute to the growth of the $GRAM ecosystem.


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