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As emerging digital assets, NFTs are susceptible to anomalous trading behaviors due to the lack of stringent regulatory mechanisms, potentially causing economic losses. In this paper, we conduct the first systematic analysis of four…

Cryptography and Security · Computer Science 2024-03-18 Yuanzheng Niu , Xiaoqi Li , Hongli Peng , Wenkai Li

Regulatory authorities aim to tackle illegal activities by targeting the economic incentives that drive such behaviour. This is typically achieved through the implementation of financial sanctions against the entities involved in the…

Cryptography and Security · Computer Science 2024-09-17 Francesco Zola , Jon Ander Medina , Raul Orduna

While attention is a predictor for digital asset prices, and jumps in Bitcoin prices are well-known, we know little about its alternatives. Studying high frequency crypto data gives us the unique possibility to confirm that cross market…

Trading and Market Microstructure · Quantitative Finance 2021-10-19 Danial Saef , Odett Nagy , Sergej Sizov , Wolfgang Karl Härdle

We study the information dynamics between the largest Bitcoin exchange markets during the bubble in 2017-2018. By analysing high-frequency market-microstructure observables with different information theoretic measures for dynamical…

Statistical Finance · Quantitative Finance 2022-05-04 Vaiva Vasiliauskaite , Fabrizio Lillo , Nino Antulov-Fantulin

This paper takes the development of Central bank digital currencies as a perspective, introduces it into the Baumol-Tobin money demand theoretical framework, establishes the transactional money demand model under Central bank Digital…

General Economics · Economics 2024-01-15 Ruimin Song , Tiantian Zhao , Chunhui Zhou

The open availability of the entire history of the Bitcoin transactions opens up the possibility to study this system at an unprecedented level of detail. This contribution is devoted to the analysis of the mesoscale structural properties…

Statistical Finance · Quantitative Finance 2025-12-01 Nicolò Vallarano , Tiziano Squartini , Claudio J. Tessone

There is currently an increasing demand for cryptoasset analysis tools among cryptoasset service providers, the financial industry in general, as well as across academic fields. At the moment, one can choose between commercial services or…

Cryptography and Security · Computer Science 2021-03-01 Bernhard Haslhofer , Rainer Stütz , Matteo Romiti , Ross King

Blockchains and cryptocurrencies disrupted the conversion of energy into a medium of exchange. Numerous applications for blockchains and cryptocurrencies are now envisioned for purposes ranging from inventory control to banking…

Cryptography and Security · Computer Science 2021-01-05 Felipe Ribas Coutinho , Victor Pires , Claudio Miceli , Daniel Sadoc Menasche

Cryptocoins (i.e., Bitcoin, Ether, Litecoin) are tradable digital assets. Ownerships of cryptocoins are registered on distributed ledgers (i.e., blockchains). Secure encryption techniques guarantee the security of the transactions…

Computational Engineering, Finance, and Science · Computer Science 2024-09-06 Pasquale De Rosa , Pascal Felber , Valerio Schiavoni

Cryptocurrency markets have many of the characteristics of 20th century commodities markets, making them an attractive candidate for trend following strategies. We present a decade of evidence from the infancy of bitcoin, showcasing the…

Statistical Finance · Quantitative Finance 2020-09-28 Evans Rozario , Samuel Holt , James West , Shaun Ng

Crypto-currencies like Bitcoins are relatively recent phenomena on the online Internet landscape and an emerging force in the financial sector. While not conforming to traditional institutional practices, they are gaining increasing…

Computers and Society · Computer Science 2016-06-09 Mustafa Ally , Michael Gardiner , Michael Lane

In recent literature it is claimed that BitCoin price behaves more likely to a volatile stock asset than a currency and that changes in its price are influenced by sentiment about the BitCoin system itself; in Kristoufek [10] the author…

Mathematical Finance · Quantitative Finance 2019-09-23 Alessandra Cretarola , Gianna Figà-Talamanca , Marco Patacca

The world of cryptocurrency is not transparent enough though it was established for innate transparent tracking of capital flows. The most contributing factor is the violation of securities laws and scam in Initial Coin Offering (ICO) which…

General Finance · Quantitative Finance 2018-09-11 Sheikh Rabiul Islam

High-frequency financial data of the foreign exchange market (EUR/CHF, EUR/GBP, EUR/JPY, EUR/NOK, EUR/SEK, EUR/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/NOK, and USD/SEK) are analyzed by utilizing the Kullback-Leibler divergence between…

Data Analysis, Statistics and Probability · Physics 2009-11-13 Aki-Hiro Sato

Bitcoin is the first and undoubtedly most successful cryptocurrecny to date with a market capitalization of more than 100 billion dollars. Today, Bitcoin has more than 100,000 supporting merchants and more than 3 million active users.…

Cryptography and Security · Computer Science 2019-11-19 Emmanouil Karampinakis , Michalis Pachilakis , Panagiotis Papadopoulos , Antonis Krithinakis , Evangelos P. Markatos

In the wake of financial crises, stablecoins are gaining adoption among digital currencies. We discuss how stablecoins help reduce the volatility of cryptocurrencies by surveying different types of stablecoins and their stability…

General Finance · Quantitative Finance 2021-03-03 Ayten Kahya , Bhaskar Krishnamachari , Seokgu Yun

In the framework of ab initio dynamical mean field theory for realistic electronic structure calculations a new perturbation scheme which combine the T-matrix and fluctuating exchange approximations has been proposed. This method is less…

Strongly Correlated Electrons · Physics 2009-11-07 M. I. Katsnelson , A. I. Lichtenstein

A key challenge for Bitcoin cryptocurrency holders, such as startups using ICOs to raise funding, is managing their FX risk. Specifically, a misinformed decision to convert Bitcoin to fiat currency could, by itself, cost USD millions. In…

Risk Management · Quantitative Finance 2018-05-15 Cuneyt Akcora , Matthew Dixon , Yulia Gel , Murat Kantarcioglu

A bibliometric literature analysis was conducted to illuminate the evolving and rapidly expanding literature in the field of cryptoeconomics. This analysis presented the emerging field's intellectual, social, and conceptual structure. The…

Social and Information Networks · Computer Science 2024-10-07 Alican Alasik , Nihan Yildirim

Blockchain technologies are considered one of the most disruptive innovations of the last decade, enabling secure decentralized trust-building. However, in recent years, with the rapid increase in the energy consumption of blockchain-based…

Computers and Society · Computer Science 2023-04-17 Ali Menati , Xiangtian Zheng , Kiyeob Lee , Ranyu Shi , Pengwei Du , Chanan Singh , Le Xie