Weekly roundup April 22 – April 26

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Another week has passed in the cryptosphere as 2019 is now almost four months old. Bitcoin mostly ranged in the $5,000s this week. Meanwhile, headlines hosted Tether (USDT) negativity, Ledger malware and more. Catch up on the news from the past several days!

TD Ameritrade shows bitcoin paper trading

The trading turned out only to be simulated trading via TD Ameritrade’s paper trading platform, the Twitter user stated in a second tweet. TD Ameritrade support could not provide information on the bitcoin trading, according to correspondence posted in the tweet.

TD Ameritrade’s paper trading platform ordinarily takes live trading data and applies it to the paper trading account, Cryptopolis pointed out to TD support. In this case, it is odd not to have live bitcoin trading to pull data from, unless TD was testing bitcoin trading behind the scenes.

Kyber Network plans to interconnect all blockchains

This endeavor looks to add liquidity across different blockchains, furthering the Ethereum network in the process.

NY Attorney General: Bitfinex and Tether lost $850 million to payment processor

One top Bitfinex brass reportedly has been attempting to get money back from Crypto Capital since April 2018, leading to asset withdrawal difficulties for customers. The payment processor reportedly could not return said funds due to regulatory difficulties in multiple countries.

Attempting to help the liquidity issue, Tether sent $625 million over to Bitfinex back in November 2018. (Tether and Bitfinex share ownership.) In turn, a “’line of credit’ has been created on Tether’s reserves,” Crypto Insider noted, via the government file. Customers did not see public disclosure of these actions.

“Attorney General Letitia James has filed a lawsuit against iFinex inc, BFXNA inc, Tether Holdings Limited, Tether Operations Limited, Tether Limited, and Tether International Limited, as all organizations have been proven to be operated under the same umbrella,” Crypto Insider reported.

Latest News: Chinese Crypto Scammers Arrested, Ledger Issues Warning on Desktop Application Malware

HEC started up the endeavor in January of 2018, gathering 40,000 ether via investments. Of the 21 people suspected to have taken part in the project, 15 have been taken into custody, with six participants still on the loose, authorities said.

News from popular hardware wallet provider Ledger also hit the headlines. The company warned customers of Ledger Live malware in a tweet.

“WARNING: we’ve detected a malware that locally replaces the Ledger Live desktop application by a malicious one. Users of infected computers are asked to enter their 24-word recovery phrase after a fake update. Please refer to our security best practices,” the tweet said.

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