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Dr. Doom Roubini Branded The DeFi Space As “Vaporware”

Dr. Doom Roubini, the popular Bitcoin basher branded the $13 billion DeFi industry as “vaporware” despite its parabolic explosion over the year. In our latest crypto news, we are reading more about his stance on Defi. Due to a confluence of trends including the search for yield on cash and the recovery price of bitcoin, the Defi coins went from a market capitalization of about a billion to $13 billion. Value is accruing within the DeFi apps as opposed to just their coins and according to the data from DeFi Pulse, the value of cryptocurrencies that are locked in decentralized…

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NEO Founder Predicts Bigger DeFi Boom

The decentralized finance (DeFi) space has grown significantly in the past year, moving from a billion-dollar market to almost $10 billion in assets locked in just a few months. While many would believe that this year’s growth levels are astronomical, to say the least, some believe that things are just getting started. Enhanced Integrations to Drive More Users Joining the latter is Da Hongfei, the founder of blockchain project NEO. In a live stream on China’s Hub over the weekend, Hongfei explained that DeFi had expedited the process of establishing a market – something that traditional finance couldn’t do for…

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‘DeFi was vaporware from its onset’ says known crypto bear Roubini

He's been dismissive of all things crypto for years, but does he have a point this time? Known for his previous comments criticizing the crypto industry, economist Nouriel Roubini recently posted fresh negativity against the digital asset sector. "DeFi was vaporware from its onset," he said in a Sept. 24 tweet. "Now totally faltering as blockchain was always the most over-hyped technology in human history." A slang term, Vaporware essentially refers to a highly touted product, service, etc. that holds no actual value or technology behind it.  Roubini's tweet came in response to a post from crypto and blockchain industry…

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