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🚀 Braving into the crypto wilderness...🌴
Hope you slept well, Geckos! The New York Attorney General's (NYAG's) has finally concluded their 2019 investigation and fined both Bitfinex and Tether (USDT) $18.5 million. The investigations found that both companies made false statements about the backing of Tether, with Bitfinex using Tether's funds to clandestinely cover an $850 million financial hole at its bank Crypto Capital in Panama. Both companies are also officially banned from operating in New York. However, despite the penalty, Tether maintains that they have not conducted any wrongdoing.
In today's news, Thor makes a comeback, PDAX traders get cheap Bitcoin (BTC), and the Brave browser is going full DeFi.
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| | CoinGecko's Monthly Virtual Meetup is back again! This time we're spicing things up by taking a look at the metaverse while in the metaverse! Get your avatars ready for a fireside chat with Miles Anthony (Project Lead at Decentral Games), Matty Soudagar (Founder of DCL Blogger), and Andrew Steinwold (Managing Partner at Sfermion) to explore the current state of the metaverse, the opportunities it presents, and its future. In conjunction with this meetup, we'll also be launching our highly anticipated CoinGecko HQ on Decentraland. Be sure to attend and explore our HQ to receive two awesome goodies! Claim our exclusive Meetup NFTs and stand chance to win some $DG courtesy of Decentral Games! Join us and also be amongst the first to get your hands on our latest 'How To' book which will break down the basics of a certain fast-growing cryptocurrency that's leading the way to retail adoption! Sign up here! | | Thor Almighty Decentralized cross-chain automated market maker, Thorchain (RUNE) rallied to an all-time high, right after Bitcoin's correction on Monday. This comes after crypto venture firm Multicoin Capital revealed that it has accumulated a large position in the asset.
The company highlighted that Thor will be key to facilitating token trading between different blockchains as more networks grow in the space. Cointelegraph | | Technical Glitches Creates Accidental Millionaires Overnight An apparent glitch at the Philippines Digital Asset Exchange (PDAX) caused the price of Bitcoin to drop to $6,100.
Traders who noticed this quickly took advantage and withdrew their Bitcoin out before the withdrawal lockup.
PDAX is reportedly demanding these users refund BTC obtained during the crash under the threat of potential legal action.
Cointelegraph | | Are You Brave Enough For More BAT? Privacy web browser Brave (BAT), is planning to add new functionalities to its platform. According to their new roadmap, Brave will be creating a DEX aggregator, as well as their own crypto wallet "Brave Wallet". It is exciting to note that BAT holders stand to benefit in the long run as DeFi integration may offer new benefits such as trading discounts for BAT holders. Decrypt |
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