cryptocurrencies by market capitalization and COVID–19 news sentiment to capture cryptocurrency return and volatility dynamics. Results …

El Salvador's 2021 monetary experiment to make Bitcoin legal tender increases financial inclusion at the cost of a … volatile medium of exchange. In this paper we study the macroeconomic effects of introducing cryptocurrencies in a workhorse … volatility cryptocurrency like Bitcoin. We show that crytocurrency adoption attenuates both domestic and foreign monetary policy …

can describe the explosive increase in the number of traded cryptocurrencies and the cryptocurrency market in general. In … number of traded cryptocurrencies and (2) in terms of increasing market capitalization for a given number of traded … cryptocurrencies. By analyzing weekly snapshot data of all traded cryptocurrencies from January 4, 2009, to June 14, 2020, we find …

Cryptoassets, particularly Bitcoin, have attracted the attention of institutional investors during the latest price … rallies of 2020 and 2021. The need for cryptoassets apart from Bitcoin in their portfolios is mostly unexplored in the current … to simply holding Bitcoin. …

Cryptocurrencies provide a unique opportunity to identify how derivatives impact spot markets. They are fully fungible …, trade across multiple spot exchanges at different prices, and futures contracts were selectively introduced on bitcoin (BTC … bitcoin spot market by making the underlying prices more informative. …

available empirical estimate, shared by Chainalysis, this paper simulates the revenue potential from taxing Bitcoin capital … gains in the EU. Total estimated Bitcoin capital gains in the EU amount to 12.7 billion EUR in 2020, including 3.6 billion … EUR of realized gains. Applying national tax rules on capital gains from shares to those from Bitcoin yields a simulated …

traded cryptocurrencies are the main significant covariates across different model specifications. Both in-sample and out …