German fintech Nuri's bitcoin interest product affected by Celsius withdrawal freeze

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Crypto lending platform Celsius's withdrawal freeze has affected a bitcoin interest product offered by German fintech firm Nuri, according to a Monday

the product in May 2021, offering up to 3% interest on bitcoin holdings. Nuri partners with Celsius to offer the accounts to its users.mean that Nuri can't provide withdrawals, and the firm has also paused new investments in the product as well.

"For the Nuri Bitcoin Interest Account this means that interest is still accumulated and paid out when these measures are lifted. Until there are further updates, we have also decided to temporarily pause the investing functionality for our Bitcoin Interest Account," the firmNuri added that"[w]hile withdrawals and investments for the Bitcoin Interest Account are temporarily paused, all our other banking and investing features are still active and ready to be explored.

Like numerous other startups contending with a difficult business environment, Nuri recently moved to shrink its staff, off 20% of employees at the end of May. Crypto lender company BlockFi announced a roughly 20% headcount reduction on Monday, joining the ranks of other major crypto firms that have undertaken similar moves.

 

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Hahahahah NuriBanking Always were cucks and now their chief investment officer gonna get rekt because he offered unregistered securities and scams to the public I member him saying xrp was a scam but it turns out all of his options are

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Major Crypto Lender Celsius Suspends Withdrawals, Bitcoin Drops Below $25,000Major crypto lending platform Celsius on Monday announced that it was suspending all withdrawals due to “extreme market conditions,” triggering a major selloff in the cryptocurrency market with Bitcoin dropping dropping more than 9%. It's your money! Use it when you need it... except now.
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