Weekly Crypto Roundup: Roubini Vs Buterin, Bithumb Sells Stake, Coinbase Lists First ERC-20 Token

Weekly Crypto Roundup: Roubini Vs Buterin, Bithumb Sells Stake, Coinbase Lists First ERC-20 Token
ôîòî ïîêàçàíî ñ : nulltx.com

2018-10-16 00:03

When one of the biggest Bitcoin critics had his day to testify before Congress, the crypto world knew it would be brutal. Popularly known as Dr. Doom, Nouriel Roubini held nothing back as he attacked crypto, but it was the aftermath that was even more exciting. Roubini called out the industry’s most renowned personality, Vitalik Buterin and the back-and-forth could end in a debate between the two. In a week that had both the good and the bad, South Korean exchange Bithumb sold a stake to a plastic surgeon, Coinbase listed its first ERC-20 token, China’s richest list contained 13 crypto investors as the market lost over $20 billion mid-week. Here is the week that was….

The Week That Was

“Decentralization in crypto is a myth…. Developers are centralized dictators (Buterin is “dictator for life”), read part of a tweet by Roubini, a tweet that angered many crypto enthusiasts and which got the attention of the Ethereum co-founder. Nouriel further accused Vitalik and Ethereum co-founder Joseph Lubin of “stealing 75 percent of the Ether supply and becoming instant billionaires.” Vitalik was quick to counter and the exchange, which brought in many other participants, ended up with the proposal of a debate between the two heavyweights. While no official date or venue has been set, crypto market observer and former banker Kevin Pham has been proposed as the moderator. The world awaits.

The week began with a report indicating that the U.K’s largest crypto exchange Coinfloor was laying off most of its 40 employees off, blaming the restructuring on a bearish market and low trading volume. Fellow crypto exchange Coinbase was also reported to have recorded its lowest volume in the past year, mirroring the steadily declining overall crypto volume.

The week also witnessed the hacking of Ethereum-based adult entertainment platform SpankChain which lost $38,000 to cybercriminals. The hacking served to support a report by CipherTrace which highlighted the increase in crypto hacks this year. The report revealed that crypto exchanges have already lost $927 million worth of cryptos in the first nine months of this year, a 250 percent increase from the amount recorded throughout 2017.

While cryptos haven’t been performing as well this year, 13 crypto entrepreneurs made it into China’s rich list which was published last week. Bitmain’s co-founders Zhan Keituan and Wu Jihan were the richest, with Keituan appearing in the top 100 with an estimated wealth of $2.4 billion. At $2.1 billion, the founder of the largest crypto exchange, Binance, Changpeng Zhao was third on the list with OKCoin founder Star Xu and Huobi founder Li Lin following suit.

The week was one to forget for the crypto market however, with a mid-week market crash seeing most major cryptos experience double-digit losses. Ripple was one of the biggest losers, shedding 11.7 percent as Ethereum and Bitcoin Cash lost 10.5 and 11.3 percent respectively. The market shed $20 billion in just a few hours but has since recovered, with Bitcoin rising from $6,300 to trade at $6,640 at press time.

The week also saw Coinbase list 0x, its first ERC-20 token. The native token of the platform, ZRX, was made available for trading on all states except New York, with Coinbase exercising a four-stage process to ease its users into the trading of the token. Gemini also received the approval to list Litecoin, with the trading set to begin tomorrow. The week also saw South Korea’s giant crypto exchange Bithumb sell a stake to an investment consortium led by one of the most renowned plastic surgeons in the country. The group, BK Global Consortium acquired a 50 percent stake in BTC Holding Co., the largest investor in Bithumb.

The post Weekly Crypto Roundup: Roubini Vs Buterin, Bithumb Sells Stake, Coinbase Lists First ERC-20 Token appeared first on NullTX.

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crypto roubini → Ðåçóëüòàòîâ: 34


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How Roubini’s attacks on bitcoin and crypto exposes his own ignorance

Nouriel Roubini, aka Dr Doom, thinks crypto is garbage and he’s been ranting again. The distinguished professor of economics at New York University’s Stern School of Business is worth taking notice of, not so much because he is a professor of economics but because he is one of the few members of that profession to […] The post How Roubini’s attacks on bitcoin and crypto exposes his own ignorance appeared first on Ethereum World News.

2018-12-22 19:59


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Premier Educational Institutions Invest in Crypto, Including MIT, Stanford, and Harvard

The Senate Banking Committee has been hearing testimonies from various stakeholders in the cryptocurrency industry and their opposers. Legislators are yet to decide if cryptocurrency, and thus the technology behind it, is the most significant technological innovations of this generation or the “mother of all scams,” as notable economist Nouriel Roubini calls it.

2018-10-15 12:49


Nouriel Roubini Cheated Crypto Investors In Saying Bitcoin Was A Bad Buy At $58 In April 2013

Nouriel Roubini is famous for a lot of things. The Stern School professor is widely recognized as an economist around the world, while he’s spoke ill of Bitcoin and the rest of the industry. He’s called Ethereum a scam and has even accused builders within blockchain technology as being “greedy kids” for their work. However, […]

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Top Bitcoin and Cryptocurrency News For Today October 12th [VIDEO]

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2018-10-13 00:54


Nouriel Roubini Tries to Attack Bitcoin by Saying Fees Cost $55, Fails

Global economist Nouriel Roubini expressed his rage against Bitcoin and blockchain while displaying his profound lack of understanding in the field. A Political Rap against Crypto Roubini was present at an informational hearing round “Exploring the Cryptocurrency and Blockchain Ecosystem” organized by the US Senate Committee on Banking, Housing, and Urban Affairs, alongside Peter Van.

2018-10-12 10:38


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Crypto Hedge Fund Growth Undermines Nouriel Roubini FUD

Depending on who you ask, cryptocurrency markets are either about to take off or on the brink of an implosion. Today we saw hints of the latter, but the fact is that while the market is making up its mind, many fund managers have already taken a side: one in every five hedge funds is […] The post Crypto Hedge Fund Growth Undermines Nouriel Roubini FUD appeared first on Crypto Briefing.

2018-10-11 18:28


Economist “Dr Doom” Compares Crypto Centralization to North Korea’s Kim Jong-un

Dr Doom: Crypto Is More Centralized Than North Korea Nouriel Roubini, better known as the Dr. Doom, has made some striking affirmation about the crypto market. Roubini, which is a New York University professor known for prediction the 2008 Financial Crisis, has repeatedly criticized people that affirm that the crypto market is decentralized. Today, he […]

2018-10-8 21:44


Ôîòî:

Stern Professor Says Bitcoin Will Hit Zero After 70 Percent Drop, Illogical Argument

Nouriel Roubini, a Stern School professor and prominent economist, has criticized the major correction of Bitcoin and the rest of the crypto market, claiming that Bitcoin will drop to zero. Tales From Crypt-Apocalypse: Bitcoin has lost 70% from the peak; Ethereum 85%; other Top 10 crypto-currencies about 90%; the remaining crypto-zombie-currencies between 95% & 99% of […] The post Stern Professor Says Bitcoin Will Hit Zero After 70 Percent Drop, Illogical Argument appeared first on CryptoSlate.

2018-9-11 08:00


Ôîòî:

Dr. Doom: Bitcoin Will Be Worth $100 in Ten Years Time

Even with the recent bitcoin price slump, crypto doomsday predictors such as Nouriel Roubini and his colleagues are determined to make sure the entire digital currency markets never moon again. In the latest development, more renowned economists have argued that governments’ harsh regulatory policies on cryptos would make bitcoin and other cryptocurrencies worthless soon.

2018-7-13 21:00