#blockchain What if the recent hike in #bitcoin price was only the result of fraudulent bots manipulation? An extensive research paper hints at what could be significant blow to #cryptocurrency as a true alternative for traditional currencies.
Researchers find that one person likely drove Bitcoin from $150 to $1,000
Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation. Entitled “Price Manipulation in the Bitcoin Ecosystem” and appearing in the recent issue of the Journal of Monetary Economics the paper describes to what degree the Bitcoin ecosystem is controlled by bad actors. To many it’s been obvious that the Bitcoin markets…
Join in on the conversation with Bernard Lebelle when you subscribe to Exponentials.