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This paper initiates a study into the century-old issue of market predictability from the perspective of computational complexity. We develop a simple agent-based model for a stock market where the agents are traders equipped with simple…

Computational Engineering, Finance, and Science · Computer Science 2007-05-23 James Aspnes , David F. Fischer , Michael J. Fischer , Ming-Yang Kao , Alok Kumar

We organize existing empirical regularities of cryptocurrencies into seven stylized facts and analyze cryptocurrencies through the lens of empirical asset pricing. We find important similarities with traditional markets--risk-adjusted…

General Finance · Quantitative Finance 2026-03-24 Nicola Borri , Yukun Liu , Aleh Tsyvinski , Xi Wu

Cryptocurrency blockchains, beyond their primary role as distributed payment systems, are increasingly used to store and share arbitrary content, such as text messages and files. Although often non-financial, this hidden content can impact…

Machine Learning · Computer Science 2025-04-21 Charalampos Kleitsikas , Nikolaos Korfiatis , Stefanos Leonardos , Carmine Ventre

This paper presents a deep learning framework based on Long Short-term Memory Network(LSTM) that predicts price movement of cryptocurrencies from trade-by-trade data. The main focus of this study is on predicting short-term price changes in…

Statistical Finance · Quantitative Finance 2020-10-16 Qi Zhao

Cryptocurrencies have become a trendy topic recently, primarily due to their disruptive potential and reports of unprecedented returns. In addition, academics increasingly acknowledge the predictive power of Social Media in many fields and,…

Statistical Finance · Quantitative Finance 2022-10-04 Federico D'Amario , Milos Ciganovic

We study the problem of the intraday short-term volume forecasting in cryptocurrency exchange markets. The predictions are built by using transaction and order book data from different markets where the exchange takes place.…

Trading and Market Microstructure · Quantitative Finance 2020-12-03 Nino Antulov-Fantulin , Tian Guo , Fabrizio Lillo

It is reported that task monetary prize is one of the most important motivating factors to attract crowd workers. While using expert-based methods to price Crowdsourcing tasks is a common practice, the challenge of validating the associated…

Software Engineering · Computer Science 2020-07-29 Mostaan Lotfalian Saremi , Razieh Saremi , Denisse Martinez-Mejorado

Bitcoin as well as other cryptocurrencies are all plagued by the impact from bifurcation. Since the marginal cost of bifurcation is theoretically zero, it causes the coin holders to doubt on the existence of the coin's intrinsic value. This…

General Economics · Economics 2019-04-11 Zhiyong Tu , Lan Ju

The discrete distribution clustering algorithm, namely D2-clustering, has demonstrated its usefulness in image classification and annotation where each object is represented by a bag of weighed vectors. The high computational complexity of…

Machine Learning · Computer Science 2013-02-07 Yu Zhang , James Z. Wang , Jia Li

Finding informative low-dimensional representations that can be computed efficiently in large datasets is an important problem in data analysis. Recently, contrastive Principal Component Analysis (cPCA) was proposed as a more informative…

Machine Learning · Statistics 2022-11-16 Siavash Golkar , David Lipshutz , Tiberiu Tesileanu , Dmitri B. Chklovskii

Cryptocurrencies such as Bitcoin and Ethereum have recently gained a lot of popularity, not only as a digital form of currency but also as an investment vehicle. Online marketplaces and exchanges allow users across the world to convert…

Discrete Mathematics · Computer Science 2018-07-17 Francesco Bortolussi , Zeger Hoogeboom , Frank W. Takes

Caching content is an inherent feature of Named Data Networks. Limited cache capacity of routers warrants that the choice of content being cached is judiciously done. Existing techniques resort to caching popular content to maximize…

Networking and Internet Architecture · Computer Science 2026-01-01 Pankaj Chaudhary , Neminath Hubballi , Sameer G. Kulkarni

Cryptocurrencies (or digital tokens, digital currencies, e.g., BTC, ETH, XRP, NEO) have been rapidly gaining ground in use, value, and understanding among the public, bringing astonishing profits to investors. Unlike other money and banking…

Computation and Language · Computer Science 2018-03-13 Shuqing Bian , Zhenpeng Deng , Fei Li , Will Monroe , Peng Shi , Zijun Sun , Wei Wu , Sikuang Wang , William Yang Wang , Arianna Yuan , Tianwei Zhang , Jiwei Li

This paper contextualises the common queries of "why is crypto crashing?" and "why is crypto down?", the research transcends beyond the frequent market fluctuations to unravel how cryptocurrencies fundamentally work and the step-by-step…

Computers and Society · Computer Science 2023-09-25 Petar Radanliev

This research explores a relatively unexplored area of predicting cryptocurrency staking rewards, offering potential insights to researchers and investors. We investigate two predictive methodologies: a) a straightforward sliding-window…

Statistical Finance · Quantitative Finance 2024-01-23 Sauren Gupta , Apoorva Hathi Katharaki , Yifan Xu , Bhaskar Krishnamachari , Rajarshi Gupta

The popularity of cryptocurrencies has grown significantly in recent years, and they have become an important asset for internet trading. One of the main drawbacks of cryptocurrencies is the high volatility and fluctuation in value. The…

Cryptography and Security · Computer Science 2023-03-06 Wantall Newby , Nickuk Nishikawa

The prediction of a binary sequence is a classic example of online machine learning. We like to call it the 'stock prediction problem,' viewing the sequence as the price history of a stock that goes up or down one unit at each time step. In…

Optimization and Control · Mathematics 2020-07-28 Nadejda Drenska , Robert V. Kohn

Stock price prediction is a complicated and interesting task. Noisy trends make stock pricing sensitive and complicated while the economical motivation behind, keeps it interesting for researchers and investors. In this paper we are to…

Optimization and Control · Mathematics 2023-12-19 Negin Bagherpour

Designing profitable and reliable trading strategies is challenging in the highly volatile cryptocurrency market. Existing works applied deep reinforcement learning methods and optimistically reported increased profits in backtesting, which…

Statistical Finance · Quantitative Finance 2023-02-01 Berend Jelmer Dirk Gort , Xiao-Yang Liu , Xinghang Sun , Jiechao Gao , Shuaiyu Chen , Christina Dan Wang

Rapidly growing distributed ledger technologies (DLTs) have recently received attention among researchers in both industry and academia. While a lot of existing analysis (mainly) of the Bitcoin and Ethereum networks is available, the lack…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-07-05 Bartosz Kuśmierz , Roman Overko