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Background: Bitcoin system, when more than 51% computing power is controlled by a single node, the block chain can be … distorted maliciously. This is called 51% attack which is a well-known potential risk that could destroy the Bitcoin system …
Persistent link: https://www.econbiz.de/10011590629
Since its inception in 2009, Bitcoin has become and is currently the most successful and widely used cryptocurrency. It … publicly available and auditable, making Bitcoin a pseudoanonymous ledger of transactions. The volume of transactions that are …
Persistent link: https://www.econbiz.de/10014532062
Central banks worldwide have started researching and developing central bank digital currencies (CBDCs). In the digital economy context, concerns regarding the integrity, competition, and privacy of CBDC systems have also gradually emerged. Against this backdrop, this study aims to evaluate...
Persistent link: https://www.econbiz.de/10014289053
This paper analyses the herding behaviour among exchanges around the expiration of bitcoin futures traded on the … exchanges that trade bitcoin (Binance, Bitfinex, Bitstamp, Coinbase, itBit, Kraken, and Gemini) and using hourly closing prices … and trading volumes in bitcoin and US dollars. Adapting the proposal of Chang, Cheng and Khorana (2000) (CCK) to test …
Persistent link: https://www.econbiz.de/10013169971
This study investigates the factors of Bitcoin's tail risk, quantified by Value at Risk (VaR). Extending the … conditional autoregressive VaR model proposed by Engle and Manganelli (2004), I examine 30 potential drivers of Bitcoin's 5% and 1 …% VaR. For the 5% VaR, quantity variables, such as Bitcoin trading volume and monetary policy rate, were positively …
Persistent link: https://www.econbiz.de/10012798684
, EURO, Japan, and the UK) and the leading cryptocurrency, the Bitcoin. Results of the static analysis show that the level …. Our static connectedness analysis shows that Bitcoin is mainly independent of shocks from the yield curve's level, slope …, and curvature, and from any main currency investigated. These findings hint that Bitcoin might provide hedging benefits …
Persistent link: https://www.econbiz.de/10012617325
reproducing the behavior of the Bitcoin market during the time of an alleged Bitcoin price manipulation that occurred between 2017 …. The model is validated with respect to the Bitcoin price as well as the amount of Bitcoins obtained by the fraudulent … activity. The model suggests that the presence of the fraudulent agent was essential to obtain Bitcoin price development in the …
Persistent link: https://www.econbiz.de/10013272637
The importance of cryptocurrency to the global economy is increasing steadily, which is evidenced by a total market … digital currencies-Bitcoin, Ethereum, Tether, Ripple, Litecoin, Bitcoin Cash, Cardano, and Binance. We hypothesize that as the … by currency and region. These findings offer novel insight into the cryptocurrency market and the impact that the viral …
Persistent link: https://www.econbiz.de/10013272649
Bitcoin is currently the leading global provider of cryptocurrency. Cryptocurrency allows users to safely and … dominant source of decentralized cryptocurrency. While considerable research has been done concerning Bitcoin network analysis … anonymously use the Internet to perform digital currency transfers and storage. In recent years, the Bitcoin network has attracted …
Persistent link: https://www.econbiz.de/10012268595
Current financial discourse suggests the imminence of a cashless society, a concept that arose from the global popularization of digital financial services and the development of technologies with the potential for application in financial markets. However, claims about the impending...
Persistent link: https://www.econbiz.de/10011883174