Roubini: BitMEX in Violation of Securities Laws, Crypto a Metastasized Cancer

Economist and anti-cryptocurrency pundit Nouriel Roubini has recently declared that there is “overwhelming evidence of rampant fraud and abuse” in the crypto space.  Roubini, a professor at NYU’s Stern School of Business, also took aim specifically at the compliance policies of crypto exchange BitMEX in an essay entitled “The Great Crypto Heist.” The essay was…

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Shark Tank Celebrity Claims Facebook’s Libra Will Pummel Bitcoin to ‘Zero’

Investor and Shark Tank shark Kevin ‘Mr. Wonderful’ O’Leary has dismissed concerns raised against Facebook’s cryptocurrency Libra. Speaking on CNBC, the avowed Bitcoin skeptic stated that Libra has the capacity to become accepted and consequently useful with effective regulation. Stemming from this O’Leary is bullish on the social media giant’s future prospects. On the other…

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Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner, JP Morgan’s asset management arm, and the operator, Mediterranean…

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Roubini Ratchets Up Rhetoric, Accuses BitMEX of Profiting from Terrorism

Following a heated debate against Arthur Hayes held on July 3 at the Asia Blockchain Summit, economist Nouriel Roubini wrote an article sharply criticizing not only crypto but Hayes’ business scheme. While some of Roubini’s concerns are legitimate, his over-emotionality seems to cloud his arguments in some cases. Crypto shitcoin-land is full of clueless, dumb…

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SEC Begins Green-Lighting Token Offerings

The U.S. Securities and Exchange Commission recently made history when it green-lighted two token offerings under Regulation A+. “This is the first time in U.S. history that a crypto token offering has received SEC qualification,” one of the two qualified issuers proclaims. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at…

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Tether Stablecoin to Launch on 5th Blockchain

The popular and sometimes controversial stablecoin tether (USDT) is to launch on a fifth blockchain. Announced by the (mostly) U.S. dollar-backed token’s issuer on its website, the news means traders will have a USD stablecoin option on omni, ethereum, tron, EOS and, soon, algorand. “Extending Tether into the Algorand ecosystem is a fantastic opportunity for us…

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