American economist and professional crypto contrarian Nouriel Roubini has furiously demanded the release of a recording of his latest debate with BitMEX CEO and co-founder Arthur Hayes. In one of several fulminating tweets posted on July 2, Roubini accused the organizers of the Asia Blockchain Summit in Taiwan of being part of a “mafia hush money racket” and cowing to BitMEX’s censorship by choosing to neither tape nor broadcast his debate with Hayes during the event. One tweet reads: “Another @CryptoHayes scam: he didnt allow the blockchain conference to record our debate or beam it live. He controls the only …
BitMEX, the world’s largest cryptocurrency trading platform, saw record volumes across its operations as bitcoin (BTC) hit $13,000. The company reported the figures on Twitter on June 26. On Wednesday, BitMEX, which is the world’s single biggest bitcoin derivatives provider, reported more than $1 billion of open interest on the market. Trading topped $13 billion, with the number topping $16 billion across the platform’s product range. Volume had swiftly risen above $10 billion in previous hours, leading CEO Arthur Hayes to declare any signs of the previous cryptocurrency bear market were officially gone. “XBTUSD perp swap open interest is now …
Economist and notorious cryptocurrency critic Nouriel Roubini said that “crypto is the mother and father of all bubbles” at the Salt conference in New York. CNBC reported on Roubini’s declarations on May 9. During the conference, Roubini also reportedly said that bitcoin (BTC) and other crypto assets should not be called cryptocurrencies. According to him, “cryptocurrency is totally a misnomer” since “to be a currency, you have to be a unit of account, valuable and a scalable means of payment." Roubini also addressed bitcoin’s scalability, stating that while credit cards are capable of thousands of transactions per second, bitcoin’s network …
Economist and notorious cryptocurrency critic Nouriel Roubini has claimed that crypto “as a technology has absolutely no basis for success.” Roubini delivered his new anti-crypto arguments in an interview with the CFA Institute on March 6. In conversation with the global professional investor association, Roubini, a New-York-based economist who famously predicted the 2008 financial crisis, has once again reiterated his negative stance towards the crypto and blockchain space. The prominent economist stated that the entire crypto industry consists of assets that are neither money nor currency. He stressed that cryptocurrencies are neither stable in terms of bring a store of …
Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25. Roubini is also known for having predicted the 2008 financial crisis, earning him the moniker of Dr. Doom. Speaking during a panel at the Blockchain Economic Forum in Davos, Roubini defined blockchain as “the most overhyped technology ever,” while noting that Bitcoin and other cryptocurrencies are the mother of all bubbles. He also pointed out during the talk that blockchain and crypto have nothing to do with fintech and private distributed ledger …