Economist and cryptocurrency critic Nouriel Roubini is heading up the development of a tokenized asset to combat fears of rampant economic stagnation and inflation. Roubini has long been a skeptic of the cryptocurrency space, which makes his own foray into the world of digitized financial instruments intriguing. In his role as co-founder and chief economist of Dubai-based investment firm Atlas Capital Team LP, Roubini is helping with the roll-out of a set of financial instruments to launch a security token that will act as a “more resilient dollar.” As initially reported by Bloomberg, Atlas Capital CEO Reza Bundy and Roubini …

Economist Nouriel Roubini and former risk analyst Nassim Taleb took aim at crypto at the CoinGeek Conference this week, while the always controversial Craig Wright boasted that the Bitcoin SV blockchain was on track to hit billions of transactions a second. Taleb, the author of best-selling economic books Black Swan and Skin in the Game, was a controversial addition to the lineup of the CoinGeek Conference in Zurich and came under fire on social media for giving Bitcoin SV legitimacy. Roubini, meanwhile, offered a “greatest hits” version of his attacks against crypto, familiar from crypto conferences prior to the pandemic. …

Bitcoin (BTC) naysayer Nouriel Roubini believes that incoming U.S. president Joe Biden will go much further than Donald Trump in controlling cryptocurrency. In a fiery Twitter debate on Dec. 24, Roubini, who is known for both his dislike of crypto and his ability to call market bottoms by mistake, called the sector a "cesspool." Roubini to pro-Bitcoin lawyer: "You are delusional" Roubini was responding to Jake Chervinsky, a lawyer studying the fallout from the recent news that U.S. lawmakers were demanding that stablecoin payments implement on-chain Anti-Money Laundering and Know-Your-Customer (AML/KYC) identification processes. Chervinsky argued that the idea currently had …

Bitcoin (BTC) has had an interesting year, recovering from major sell-offs to eventually skyrocket to new all-time highs. However, Bitcoin's performance and cryptocurrencies increased adoption worldwide have still failed to bring some observers into the crypto camp. Yet compared to other bull run years like 2017, 2020 has seen much less crypto criticism, with a number of Bitcoin naysayers appearing to have somewhat softened their stance towards digital assets. As we look back on crypto in 2020, Cointelegraph has noted some of cryptocurrency's biggest critics. “Bitcoin has no future”: Russian politician Anatoly Aksakov Date of quote: Oct. 23, 2020 Bitcoin …

Mainstream media outlets are finally reporting on the recent rally that saw Bitcoin creep close to its all-time high — but some commentators appear to be determined to spread FUD. Two articles released within hours of each other earlier today — a Financial Times editorial titled “The elusive promise of Bitcoin,” and a Fox Business piece called “Bitcoin no match for gold in coronavirus world” — state that Bitcoin does not live up to its promise as a store of value. There appears to be coordinated media FUD aimed at #bitcoin today - 2 articles in major media. As bitcoin …

Nouriel Roubini, an award-winning economist and known skeptic of Bitcoin (BTC), is confident that central bank digital currencies, or CBDCs, are the future of money. According to Roubini, global CBDCs like the digital yuan are capable of replacing major financial services and cryptocurrencies in the near future. “They're gonna be crowding out digital payment systems, or in the private sector, starting with cryptocurrencies that are not really currencies,” the economist said in a Nov. 7 interview with Yahoo Finance. Roubini predicted that a CBDC-powered “revolution” is coming in as soon as in three years: “So not only you don't need …

Known for his previous comments criticizing the crypto industry, economist Nouriel Roubini recently posted fresh negativity against the digital asset sector. "DeFi was vaporware from its onset," he said in a Sept. 24 tweet. "Now totally faltering as blockchain was always the most over-hyped technology in human history." A slang term, Vaporware essentially refers to a highly touted product, service, etc. that holds no actual value or technology behind it. Roubini's tweet came in response to a post from crypto and blockchain industry author David Gerard. "DeFi is out of fashion, finance CryptoKitties are the new hotness for the basement …

Binance CEO Changpeng Zhao and Ethereum co-founder Charles Hoskinson have taken gold bug Peter Schiff to task for his professionalized Bitcoin (BTC) naysaying. On May 6, Zhao, better known in the industry as CZ, responded to Schiff’s online admission that he likes to “rile up” folk in the crypto space, quipping that: “He [Schiff] tweets more #bitcoin than gold. And his commenters/followers are all bitcoin people. He is the sheep in wolf's skin.” Schiff — a libertarian economist and broker/dealer who made his name as a vocal public advocate of gold — has in recent years devoted significant airspace to …

As the world’s biggest cryptocurrency, Bitcoin (BTC) is highly volatile, once surging from $1,000 to $20,000 in the span of just over a year. The coin has become the subject of infinite price predictions. Both optimistic and negative, some of these predictions have turned out to be extremely inaccurate. Vitalik Buterin, the well-known co-creator of the Ethereum network and its native cryptocurrency Ether (ETH), highlighted the two worst Bitcoin price predictions ever made since the digital currency was introduced back in 2009. In an April 6 tweet, Buterin emphasized that price predictions on crypto markets are “notorious for turning out …

Economist Nouriel Roubini — also known as “Dr. Doom” for his prediction of the 2007–2008 financial crisis and his criticism of cryptocurrencies — has conceded that Bitcoin (BTC) is “a partial store of value.” Roubini made the concession during a panel alongside high-profile crypto industry figures such as Brock Pierce, Bobby Lee and Tone Vays during the CC Forum 2019 conference in London on Oct. 16. “Maybe Bitcoin is a partial store of value” As Tone Vays suggested in a tweet on Oct. 17, Roubini’s admission arguably represents “baby steps” forward in his stance toward cryptocurrencies — notwithstanding the fact …

BitMEX, the second-top crypto exchange by reported trading volume to date, experienced record outflows during the month of July. According to the blockchain data provider TokenAnalyst, the total outflow on the exchange amounted to around $530 million. Historic inflows and outflows on BitMEX. Source: TokenAnalyst BitMEX’s monthly outflow never exceeded $100M before Fellow industry analytics firm Ceteris Paribus commented on the news on Aug. 4, noting that BitMEX had never experienced outflow of more than $100 million in a single month. During the whole 2018, the total outflows accounted for $1.3 billion, the firm stated, adding that there was not …

Seychelles-based cryptocurrency exchange BitMEX is reportedly in trouble. Soon after Nouriel Roubini, a New York University professor of economics and anti-cryptocurrency pundit, criticized BitMEX of violating regulations, it was reported on July 19 that United States Commodity Futures Trading Commission (CFTC) is opening an investigation into BitMEX on whether it broke the law by allowing U.S. residents to trade on its platform. A day later, an additional finding by London-based blockchain data provider TokenAnalyst revealed that BitMEX has experienced major Bitcoin (BTC) outflows to the tune of $73 million after news of the regulatory investigation surfaced. The Tangle in Taipei …