The cryptocurrency market has seen some uncertainity, which has remained for a few weeks now. there are a few optimistic experts who believe that the worst has passed. For instance, Crypto Asset Management’s Timothy Enneking asserted that the bull market has largely run its course. May traders on twitter have also been cautiously optimistic.
Bitcoin has scarcely moved in days, but altcoins, including ethereum and NEO, have started to show green shoots, and EOS is positively blossoming, up 27% in 24 hours. However, tis doesn’t necessarily mean anything yet. As one trader sagely put it, “The markets will bounce when everybody stops celebrating every single green candle and random shitcoin spike.”
No crypto exchange wants to be mentioned in the same breath as “money laundering”, and even if those rumors are false, they need to be addressed. Bitfinex has asserted that there is no connection between it and the shell companies alleged to have been involved in laundering money in South America. Polish media had reported how Polish authorities seized $371 million linked to companies associated with Colombian cartels, and alleged a Bitfinex link, something the exchange has strenuously denied.
Crypto debit card Tenx recently integrated litecoin into its wallet, and Charlie Lee now claims a dedicated litecoin debit card will be next, also coming courtesy of Tenx. If so, LTC will be following in the footsteps of BTC and BCH in getting its own crypto card. The news will help atone for the collapse of Litepay, a litecoin payment processor that folded due to impropriety on the part of its CEO.