New York University professor Nouriel Roubini called the cryptocurrency industry a criminal activity, and 99% of crypto assets are fraud and pyramid schemes. Speaking at the World Economic Forum in Davos, Nouriel Roubini, Chairman of Roubini Global Economics, a research company that studies international macroeconomic and market strategies, expressed his negative beliefs about the crypto industry. He mentioned the collapse of the FTX exchange and its founder Sam Bankman-Fried, who faces several fraud charges. According to Roubini, the situation with FTX is not an exception at all, but an increasing pattern in the industry. The professor advised the public not
New York University professor Nouriel Roubini called the cryptocurrency industry a criminal activity, and 99% of crypto assets are fraud and pyramid schemes. Speaking at the World Economic Forum in Davos, Nouriel Roubini, Chairman of Roubini Global Economics, a research company that studies international macroeconomic and market strategies, expressed his…
Bitcoin (BTC), the flagship cryptocurrency, has faced criticism from doubters who never believed in its potential and success. Right from its early days, when BTC traded at about 11 cents per coin, many people and institutions have written Bitcoin off, declaring it as “dead.” Peter Schiff, Warren Buffett Among Bitcoin’s…
Are you feeling lost with too many buzzwords and technical terms in the crypto space? Well, you are not alone in this. Coming into the crypto space as a newbie, you are likely to come across some strange words when trying to learn about crypto or navigate your way. Some of…