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Persistent link: https://www.econbiz.de/10015081162
Oracles are software components that enable data exchange between siloed blockchains and external environments, enhancing smart contract capabilities and platform interoperability. Oracles play key roles in decentralized finance and blockchain applications in centralized finance. We find that...
Persistent link: https://www.econbiz.de/10015398092
We model the competition between digital forms of fiat money and private digital money (PDM). Countries strategically digitize their fiat money -- upgrading existing or launching new payment systems (including CBDCs) -- to enhance adoption and counter PDM competition. A pecking order emerges:...
Persistent link: https://www.econbiz.de/10015361469
While the advent of cryptocurrencies and digital assets holds promise for improving and disrupting financial systems by offering cheap, quick, and secure transfer of value, it also opens up new payment channels for cybercrimes. A prerequisite to solving a problem is understanding the nature of...
Persistent link: https://www.econbiz.de/10013492010
We document characteristics-based return anomalies in a large cross-section (4,000) of crypto assets. Cryptocurrency returns exhibit momentum in the largest-cap group, reversals in other size groups, and strong crypto value and network adoption premia, from which we derive two novel factors to...
Persistent link: https://www.econbiz.de/10013297279
We study investors' responses to increasing tax reporting awareness and scrutiny in the crypto markets. We document significant taxation effects on investors' behavior and preferences for crypto exchanges using novel data on retail investors' trading. In relation to international peers,...
Persistent link: https://www.econbiz.de/10013300845
We describe the landscape of taxation in the crypto markets, especially that concerning U.S. taxpayers, and examine how recent increases in tax scrutiny have led to changes in trading behavior by crypto traders. We predict under a simple theoretical framework and then empirically document that...
Persistent link: https://www.econbiz.de/10013477208
We provide an overview of crypto-related scams, including investment scams, Ponzi schemes, and more recently, rug pulls that are commonly seen in Decentralized Finance (DeFi) projects. We then discuss data sources for studying Initial Coin Offering (ICO) scams, before examining the case of...
Persistent link: https://www.econbiz.de/10014254540
This handbook provides an overview of various criminal activities related to cryptocurrencies, including investment scams, Ponzi schemes, rug pulls, ransomware attacks, money laundering, and darknet markets. We discuss the need for user protection and education, centralized entities and...
Persistent link: https://www.econbiz.de/10014254541
Oracles are software components that enable data exchange between siloed blockchains and external environments, enhancing smart contract capabilities and platform interoperability. Integration through oracle networks for blockchain and DeFi platforms allows them to be informationally and...
Persistent link: https://www.econbiz.de/10014353481