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This study investigates the volatility of daily Bitcoin returns and multifractal properties of the Bitcoin market by employing the rolling window method and examines relationships between the volatility asymmetry and market efficiency.…

Statistical Finance · Quantitative Finance 2021-02-18 Tetsuya Takaishi

Blockchain provides the unique and accountable channel for financial forensics by mining its open and immutable transaction data. A recent surge has been witnessed by training machine learning models with cryptocurrency transaction data for…

Cryptography and Security · Computer Science 2023-06-13 Youssef Elmougy , Ling Liu

The Bitcoin Lightning Network (LN) is designed to improve the scalability of blockchain systems by using off-chain payment paths to settle transactions in a faster, cheaper, and more private manner. This work aims to empirically study LN's…

Computer Science and Game Theory · Computer Science 2023-12-29 Andrea Carotti , Cosimo Sguanci , Anastasios Sidiropoulos

Swarms of robots will revolutionize many industrial applications, from targeted material delivery to precision farming. However, several of the heterogeneous characteristics that make them ideal for certain future applications --- robot…

Robotics · Computer Science 2018-10-24 Eduardo Castelló Ferrer

Wash trading, the practice of simultaneously placing buy and sell orders for the same asset to inflate trading volume, has been prevalent in cryptocurrency markets. This paper investigates whether wash traders in Bitcoin act deliberately to…

Trading and Market Microstructure · Quantitative Finance 2024-11-14 Hunter Ng

Following the birth of Bitcoin and the introduction of the Ethereum ERC20 protocol a decade ago, recent years have witnessed a growing number of cryptographic tokens that are being introduced by researchers, private sector companies and…

Physics and Society · Physics 2020-04-20 Shahar Somin , Goren Gordon , Alex Pentland , Erez Shmueli , Yaniv Altshuler

A Blockchain is a global shared infrastructure where cryptocurrency transactions among addresses are recorded, validated and made publicly available in a peer- to-peer network. To date the best known and important cryptocurrency is the…

Cryptography and Security · Computer Science 2017-09-27 Andrea Pinna , Roberto Tonelli , Matteo Orrú , Michele Marchesi

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

Since the creation of Bitcoin, transaction tracking is one of the prominent means for following the movement of Bitcoins involved in illegal activities. Although every Bitcoin transaction is recorded in the blockchain database, which is…

Cryptography and Security · Computer Science 2019-12-06 Tin Tironsakkul , Manuel Maarek , Andrea Eross , Mike Just

The cipher block chaining (CBC) block cipher mode of operation presents a very popular way of encrypting which is used in various applications. In previous research work, we have mathematically proven that, under some conditions, this mode…

Cryptography and Security · Computer Science 2016-02-01 Abdessalem Abidi , Qianxue Wang , Belgacem Bouallègue , Mohsen Machhout , Christophe Gyeux

One of the fundamental applications for a practically useful system of money is remuneration. Information pertaining to the amount of compensation awarded to different individuals is often considered sensitive, commanding a certain degree…

Computers and Society · Computer Science 2017-03-14 S. Matthew English , Ehsan Nezhadian

With the more and more extensive application of blockchain, blockchain security has been widely concerned by the society and deeply studied by scholars. Moreover, the security of blockchain data directly affects the security of various…

Cryptography and Security · Computer Science 2020-07-22 Liehuang Zhu , Baokun Zheng , Meng Shen , Shui Yu , Feng Gao , Hongyu Li , Kexin Shi , Keke Gai

Cryptocurrency is a well-developed blockchain technology application that is currently a heated topic throughout the world. The public availability of transaction histories offers an opportunity to analyze and compare different…

Statistical Finance · Quantitative Finance 2018-08-28 Jiaqi Liang , Linjing Li , Daniel Zeng

Bitcoin is a digital financial asset that is devoid of a central authority. This makes it distinct from traditional financial assets in a number of ways. For instance, the total number of tokens is limited and it has not explicit use value.…

Statistical Finance · Quantitative Finance 2020-05-20 C. R. da Cunha , R. da Silva

This paper uses new and recently introduced methodologies to study the similarity in the dynamics and behaviours of cryptocurrencies and equities surrounding the COVID-19 pandemic. We study two collections; 45 cryptocurrencies and 72…

Statistical Finance · Quantitative Finance 2021-07-30 Nick James

Blockchain based cryptocurrencies are usually unmanaged, distributed, consensus-based systems in which no single entity has control. Managed cryptocurrencies can be implemented using private blockchains but are fundamentally different as…

Cryptography and Security · Computer Science 2019-06-27 Peter Mell

Bitcoin is a popular cryptocurrency that records alltransactions in a distributed append-only public ledger calledblockchain. The security of Bitcoin heavily relies on the incentive-compatible proof-of-work (PoW) based distributed consensus…

Cryptography and Security · Computer Science 2018-06-05 Mauro Conti , Sandeep Kumar E , Chhagan Lal , Sushmita Ruj

Thanks to the high potential for profit, trading has become increasingly attractive to investors as the cryptocurrency and stock markets rapidly expand. However, because financial markets are intricate and dynamic, accurately predicting…

Decentralized blockchain platforms have enabled the secure exchange of crypto-assets without the intermediation of trusted authorities. To this purpose, these platforms rely on a peer-to-peer network of byzantine nodes, which…

Cryptography and Security · Computer Science 2023-06-22 Massimo Bartoletti , Letterio Galletta , Maurizio Murgia

Blockchain technology promises to democratize finance and promote social equity through decentralization, but questions remain about whether current implementations advance or hinder these goals. Through a mixed-methods study combining…

Human-Computer Interaction · Computer Science 2025-05-13 Faisal Haque Bappy , EunJeong Cheon , Tariqul Islam