Bitfinex & Tether Settle With NYAG For $18.5M – February 24

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $50,930

Bitcoin price has somewhat recovered over the last day of trading, reclaiming the $50,000 mark following a large fall yesterday.

Top-20 altcoins have recovered strongly, as Ethereum gains 12%, Binance Coin jumps 30% and Uniswap rises 22%.

Top Stories for February 24, 2021 πŸ”₯

πŸ‘‰ Bitfinex & Tether Settle With NYAG For $18.5M

Bitfinex and Tether have settled with New York Attorney General’s (NYAG’s) office today, paying $18.5 million in penalties.

The lawsuit began in 2019 with the NYAG alleging that the two companies co-mingled funds to cover up $850 million lost to Crypto Capital, a payments processor.

Bitfinex and Tether have neither admitted to or denied any wrongdoing as part of the settlement.

πŸ‘‰ Square Discloses New $170M Purchase Of Bitcoin

Payments company Square has announced a new purchase of 3,318 BTC today, adding to reserves already held in Bitcoin from last October.

The figures place the average purchase price of the Bitcoin at around $51,235 per Bitcoin, which is currently at a loss.

πŸ‘‰ Brave Browser To Integrate Wallet And DEX Aggregator

Web browser Brave has announced plans to build a new wallet containing a decentralized exchange aggregator and NFT support, for its next browser.

The new wallet aims to support DeFi and NFT tokens and applications, as well as work on mobile phones.