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The phenomenal growth of cryptocurrencies raises important questions about their footprint on the financial system …
Persistent link: https://www.econbiz.de/10014250401
This paper assesses the impact of US policy responses to the Covid-19 pandemic on various cryptocurrencies and also … the case of nine major coins (Bitcoin - BITC, Stella - STEL, Litecoin - LITE, Ethereum - ETHE, XRP (Ripple), Dash, Monero …
Persistent link: https://www.econbiz.de/10013041344
This paper examines mean and volatility spillovers between three major cryptocurrencies (Bitcoin, Litecoin and Ethereum … (interdependence) among the three cryptocurrencies under investigation are found in most cases when cyber attacks are taken into … account, Bitcoin appearing to be the dominant one. Further, Wald tests for parameter shifts during episodes of turbulence …
Persistent link: https://www.econbiz.de/10012219891
of the four main cryptocurrencies in terms of market capitalization (BTC, ETH, USDT, BNB) and of four US stock market … market efficiency in the case of the cryptocurrencies but not of the stock market indices considered. They also indicate that … cryptocurrencies can be a useful tool for investors to diversify and hedge when required in the case of the US markets. …
Persistent link: https://www.econbiz.de/10013368898
This paper analyses co-movement between Bitcoin exchanges in 34 major countries around the world and the US (the global … their Bitcoin exchanges compared to other countries. These findings confirm our priors. …
Persistent link: https://www.econbiz.de/10012158101
We propose a taxonomy of cybercrime on the Ethereum blockchain and examine how cybercrime impacts victims' risk-taking and returns. Our difference-in-differences analysis of a sample of victims and matched non-victims suggests that victims increase their long-term total risk-taking and earn...
Persistent link: https://www.econbiz.de/10014323138
cryptocurrency investors tend to be educated, young and digital natives. In recent years, a gap in ownership of cryptocurrencies … across genders has emerged. We examine how investor characteristics vary across cryptocurrencies and show that owners of … cryptocurrencies increasingly tend to hold their investment for longer periods. …
Persistent link: https://www.econbiz.de/10012619271
bubbles are awed due to an insufficient consideration of the fundamental value of cryptocurrencies. As even fiat money is said … to exhibit features of bubbles, the same applies to cryptocurrencies. Thus, any empirical investigation into either the … presence of cryptocurrency bubbles or the fundamental value of cryptocurrencies is needless. Second, the paper conducts a short …
Persistent link: https://www.econbiz.de/10012033146
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations … regulatory category to which the news relates: events related to general bans on cryptocurrencies or to their treatment under …, and on restricting the interoperability of cryptocurrencies with regulated markets. News pointing to the establishment of …
Persistent link: https://www.econbiz.de/10012205633
The emergence of so-called "decentralised finance" (DeFi) and a shadow financial system of cryptocurrency exchanges and stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the same rules. This paper makes the case for...
Persistent link: https://www.econbiz.de/10013206072