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Bitcoin Basher Nouriel Roubini Labels Facebook’s Libra a ‘Monopoly Scam’

Published

2 years ago

June 18, 2019

By CCN Markets: Avowed Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has found another target – Facebook’s upcoming cryptocurrency Libra, on the day of its announcement. According to the New York University economics professor, Libra is ‘blockchain in name only’. Roubini: Libra is just another profit driver for Facebook Further, Roubini argued that Facebook’s cryptocurrency was only designed to grow the social media giant’s profits. Per Roubini, Libra is a ‘monopoly scam’ given that Facebook boasts of billions of users spread across the world. It will start as a private, permissioned, not-trustless, centralized oligopolistic members-only club. So much for calling it

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Bitcoin And Other Crypto Can Accelerate Adoption By Tweaking A Few Things

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11 months ago

July 15, 2020

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Crypto is the future of money and financial transactions, and making it easier to use is only a few small changes away.

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Cryptocurrency ATMs Market: Qualitative Analysis of the Leading Players and Competitive Industry …

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11 months ago

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The research report on Cryptocurrency ATMs market aims to impart an in-depth understanding of the growth prospects of this industry vertical over the …

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Japan Is Seriously Considering a Digital Yen: Report

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11 months ago

July 15, 2020

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As rivals and allies move forward with their own CBDC plans, Japan will seriously consider a digital yen as part of this year’s policy agenda.

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