Industry analysis

Weekly crypto review: Crypto money laundry, crypto firms all set for 2019 and much more

In today’s piece of weekly crypto review, we’ll look at some intriguing cryptocurrency tales in the past week. From the alleged crypto money laundry claims to the 9 blockchain and cryptocurrency firms scheduled for 2019, this weekend’s piece covers the good, the bad and the ugly.

Over 40 exchanges around the world alleged to have assisted criminals launder crypto money

According to a report by a Wall Street Journal, there are about 2,500 wallets flagged by the court due to involvement in criminal activities. The report alleged that Shapeshift AG was one of the largest recipients of illicit funds to have offices in the U.S., processing over $9 billion out of the suspected $88 million over a two-year period. However, the accused firm denied these allegations terming them as “misleading and disingenuous”.

Blockchain and cryptocurrency firm all set for 2019

As the cryptocurrency market begins to stabilize, the media cycle has switched gears, and regulators are providing greater clarity, conditions are now perfect for massive adoption that will take blockchain in new directions. The projects and companies that might spark interest this upcoming year include Qtum, Tron, Aelf, Veridium, Caspian, Devery, Medibloc, Cardstock, and CEEK.

Is blockchain cryptocurrency still the future?

Bitcoin is highly volatile and can be extremely risky. This is after the coin’s price dropped by more than 50% in the last few months, prompting many investors to start questioning their decision to invest in the coin. However, based on the history of trading and investing, you should not be bothered by the coin’s volatility since it is still in its infancy stages.

Experts such as Fred Schebesta, the co-founder of Finder-backed cryptocurrency financial services company HiveEx.com, termed it a digital gold and believes that it’s more of a long-term investment.

Based on today’s weekly crypto review, do you see Bitcoin as a bubble?

Share your views in the comments section below

coinmag

Having contributed to many leading financial blogs, Ken's love for cryptocurrencies and the blockchain technology has him on high alert on all price developments within the cryptocurrency sphere.

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