Blockchain and Cryptocurrency: People, Culture and Tech
On Tuesday, NYU Professor and prominent cryptocurrency critic Nouriel Roubini penned a column titled “The Great Crypto Heist,” in which he savaged a frequent target, cryptocurrency derivatives platform BitMEX, as both corrupt and crooked.
Latest Cryptocurrency News: Gary Cohn goes crypto, Nouriel Roubini goes nuclear, and miners go off the rails How The Mighty Have Fallen: Gary Cohn Joins Blockchain Startup 7 Months After Leaving White House (ZeroHedge) Gary Cohn was chief operating officer of Goldman Sachs before quitting to become President Trump’s chief economic advisor. He quit that job because he didn’t like Trump’s trade policies. Now he’s advising something called Spring Labs, which hopes to put Equifax, Experian and TransUnion out of business using blockchain technology. Dr. Nouriel Roubini vs. Bitcoin: Senate Hearing Breaks Down His Arguments (CCN) Dr. Doom himself appeared before the Senate Banking Committee to yell and scream…
Bitcoin just spiked by $300 in one minute when a big trading platform went offline (Business Insider) BitMEX went offline for a little bit so, of course, bitcoin prices rallied overnight. The exchange is now back online. In unrelated news, Tether granted $100 million of its “stable coin” tokens to its related exchange, Bitfinex. Bets Against Bitcoin’s Price Are Nearing Record Highs (CoinDesk) Short orders on Bitcoin are just 1,200 or so away from their record, according to data from Bitfinex. That means a lot of people are particularly bearish. It’s also an opportunity for a short squeeze. Such a squeeze could occur if someone had access to unlimited…
