Blockchain and Smart Contracts Have a ‘Dark Side’, Says Researcher

Blockchain technology crystallizes the rise of “algorithmic power” that today presents a major challenge to traditional forms of sovereignty, legal authority and state-led governance.  So goes the argument in a new post for the Oxford University Faculty of Law blog on June 1 by Kevin Warbach, a professor of legal studies and business ethics at […]

Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment

Bad U.S. jobless data pulled markets lower Thursday, affecting even bitcoin. But there may be a silver lining for the cryptocurrency. At press time, the world’s largest cryptocurrency was up just 1% over 24 hours at $8,864, with 10-day and 50-day technical indicator moving averages converging, thus signaling sideways sentiment. After bitcoin prices jumped to their […]

Hedge Fund Manager Claims Bitcoin is Hanging on the “Side of a Cliff”

After reclaiming the key support that had been established at $6,800 yesterday, Bitcoin has once again lost this level, surrendering to bears as to navigates back towards its key short-term support that has been established around $6,600. This comes just days after a prominent hedge fund manager noted that he believes Bitcoin is a “textbook […]