Results 91 to 100 of about 81,477 (238)

An Economic Analysis of Difficulty Adjustment Algorithms in Proof‐of‐Work Blockchain Systems

International Economic Review, EarlyView.
ABSTRACT We study the stability of cryptocurrency systems through difficulty adjustment. Bitcoin's difficulty adjustment algorithm (DAA) exhibits instability when the reward elasticity of the hash rate is high, implying that a sharp price reduction could disrupt the current Bitcoin system.
Shunya Noda, Kyohei Okumura, Yoshinori Hashimoto   +2 more
wiley   +1 more source

Cryptocurrency Bubbles and Costly Mining

International Economic Review, EarlyView.
ABSTRACT This paper develops a model of a cryptocurrency by incorporating mining into the otherwise standard search‐theoretic monetary framework. As usual, multiple equilibria exist. To obtain a sharp prediction on whether a cryptocurrency' s value will last in the future, I propose a notion of equilibrium refinement based on the feature that mining ...
Kohei Iwasaki
wiley   +1 more source

Bitcoin and gold as hedging instruments for ASEAN-5 stock market

, 2022
Z.N. Adjani, Z.A. Husodo
openalex   +2 more sources

How Important Is the Home Market for Cross‐Listed Biotech Companies?

International Finance, EarlyView.
ABSTRACT This study investigates five German biotechnology firms cross‐listed on XETRA and NASDAQ. By employing high‐frequency data, we estimate both bivariate and trivariate vector error correction models—the latter explicitly accounting for exchange rate dynamics—to assess which market, domestic or U.S., leads in price discovery.
Theodore Panagiotidis, Pavlos Tsiokas
wiley   +1 more source

Coalition Formation for Sustainable Blockchain Governance: Insights From the Hedera Case

Information Systems Journal, EarlyView.
ABSTRACT Sustainable governance is essential for blockchain networks to achieve widespread adoption and deliver long‐term business value. Prior blockchain initiatives indicate that inadequate governance structures often lead to limited adoption or eventual project failure, underscoring the importance of decentralised governance for building resilient ...
Christophe Viguerie, Horst Treiblmaier
wiley   +1 more source

Analysis of the Bitcoin blockchain: socio-economic factors behind the adoption

EPJ Data Science, 2018
As the first decentralized digital currency introduced in 2009 together with the blockchain, Bitcoin offers new opportunities both for developed and developing countries.
Francesco Parino, Mariano G. Beiró, Laetitia Gauvin   +2 more
doaj   +1 more source

How and Why EU Institutions Promote the Digital Euro: The Politics of a Central Bank Digital Currency (CBDC)

JCMS: Journal of Common Market Studies, EarlyView.
Abstract The future of money is a crucial issue in the digital age, and the emergence of central bank digital currencies (CBDCs) is widely recognised as a transformative development. However, despite its significant implications for monetary sovereignty, regulatory governance and strategic autonomy, we know relatively little about the political ...
Sebastian Heidebrecht
wiley   +1 more source

Flight to Bitcoin (in)attention and herding in cryptocurrencies

International Review of Economics & Finance
This paper first documents a novel herding for Altcoin, i.e., herding towards Bitcoin. Besides, constructing the proxies for flight to Bitcoin (in)attention with Google Trends and Twitter, the results reveal that flight to Bitcoin inattention strengthens
Xiao Li
doaj   +1 more source

Best Before? Expiring Central Bank Digital Currency and Loss Recovery

Journal of Money, Credit and Banking, EarlyView.
Abstract Physical cash enables payments in the absence of electricity or network coverage. Such offline payment functionality promotes the operational resilience and, particularly in developing countries, the accessibility of payments. Central banks are exploring issuing digital cash substitutes with similar offline payment functionality.
CHARLES M. KAHN, MAARTEN R.C. VAN OORDT, YU ZHU   +2 more
wiley   +1 more source

Predicting bitcoin returns using high-dimensional technical indicators

Journal of Finance and Data Science, 2019
There has been much debate about whether returns on financial assets, such as stock returns or commodity returns, are predictable; however, few studies have investigated cryptocurrency return predictability.
Jing-Zhi Huang, William Huang, Jun Ni
doaj   +1 more source