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<a href="https://bitcoinworld.co.in/binance-ceo-blasts-dr-dooms-new-token-as-shameless-amidst-bitcoin-critics-u-turn/" title="Binance CEO Blasts Dr Doom’s New Token As ‘Shameless’ Amidst Bitcoin Critic’s U-Turn" rel="noopener noreferrer nofollow"></a>
Economist Nouriel Roubini, also known as Dr Doom, has made a surprising shift in his position on cryptocurrencies by launching his own cryptocurrency. This unexpected turn of events has sparked debate, with Binance co-founder and CEO Changpeng Zhao expressing his displeasure.
<h3 id="span-style-font-weight-400-what-happened-span">What Happened</h3>
Roubini, who once called Bitcoin a “shitcoin,” ridiculed Ethereum, and condemned blockchain technology as little more than a spreadsheet, has suddenly entered the cryptocurrency realm with his latest endeavor. Zhao, on the other hand, was not pleased with this surprise move.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Some people are shameless.
 After attacking Binance publicly on stage a year ago, now issues a token and puts <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> logo on their website WITHOUT permission. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f921.png" alt="🤡" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f937-200d-2642-fe0f.png" alt="🤷‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f602.png" alt="😂" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/WENaTO4tE4" rel="noopener noreferrer nofollow">pic.twitter.com/WENaTO4tE4</a>
 — CZ <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;"> Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1721810713478307859?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 7, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Roubini has decided to launch a stablecoin.&nbsp; According to the project’s website, the Atlas Climate Token (ACT) is a blockchain-based stablecoin, not just a digital investment contract. According to the project website, the stablecoin is intended to be tethered to a wide portfolio of tangible real-world assets such as climate-resilient REITs, key commodities, inflation-hedged sovereign bonds, and gold.
Atlas is also in active conversations with top-tier ETF issuers and distributors to facilitate the ETF’s launch, according to the website.
Taking to X, Zhao did not hold back in criticizing Roubini. “Some people are shameless,” he wrote.
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-inscriptions-reach-mania-levels-again-miners-benefit/" aria-label="“Bitcoin Inscriptions Reach Mania Levels Again, Miners Benefit” (Edit)" rel="noopener noreferrer nofollow">Bitcoin Inscriptions Reach Mania Levels Again, Miners Benefit</a>
<h3 id="span-style-font-weight-400-why-it-s-important-span">Why It’s Important: </h3>
In an ironic twist, Roubini’s new crypto company, Atlas Capital, touted the experience of one of its team members who formerly worked at Binance, presumably as confirmation of their own credibility. Zhao was not pleased with this move.
Zhao accused Roubini of using the Binance logo without authorization on Atlas Capital’s website. Atlas Capital has deleted all external firm logos, including Binance’s, from its website’s “Team” page after Zhao’s post.
Interestingly, during a CNBC live event in Abu Dhabi last year, Roubini described Zhao bluntly. He was described as a “walking time bomb.”
According to <a href="http://pro.benzinga.com/?_gl=1*1vl1zu1*_ga*MjAwNDA0NDc4LjE2OTg5OTA5Nzg.*_ga_V7ZK73W7N0*MTY5OTUxMDE1Ni42LjEuMTY5OTUxMjg2Ny42MC4wLjA." rel="noopener noreferrer nofollow">Benzinga Pro</a>, Bitcoin BTC/USD was trading at $36,338.55 at the time of writing, up 2.29% in the previous 24 hours.
The post <a href="https://bitcoinworld.co.in/binance-ceo-blasts-dr-dooms-new-token-as-shameless-amidst-bitcoin-critics-u-turn/" rel="noopener noreferrer nofollow">Binance CEO Blasts Dr Doom’s New Token As ‘Shameless’ Amidst Bitcoin Critic’s U-Turn</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Binance CEO Blasts Dr Doom’s New Token As ‘Shameless’ Amidst Bitcoin Critic’s U-Turn

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