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87 results · page 2 of 4
Muhammad Jamal Zabaina, Ali Attaallah, Malek Horoub, Ahmad Abdelhafiz Ali Samhan
No abstract is available for this record.
S. M. Ashraf, P. Hemanth Kumar
Abstract This research paper provides a comprehensive analysis of Bitcoin, the world’s preeminent cryptocurrency, focusing on the economic drivers of its price formation, its broader impact on the economy, and the evolving dynamics of its volatility. Drawing on high-frequency econometric modeling, time-series analysis, and network-based prediction methods, the paper synthesizes insights from leading empirical studies to elucidate the factors shaping Bitcoin’s price, including supply-demand fundamentals, investor behavior, macro-financial indicators, transaction network structure, and the influence of derivative markets. Additionally, it explores Bitcoin’s adoption in key industries, its intrinsic and extrinsic value determinants, and the implications of its volatility for financial stability. The study concludes by reflecting on the future trajectory of Bitcoin as it transitions from speculative asset to potential mainstream medium of exchange, considering regulatory, technological, and market challenges. Keywords: Bitcoin, cryptocurrency, price formation, volatility, supply-demand, GARCH, partial differential equations, transaction networks, futures markets, economic impact
Alejandro David Ruiz Oliveira
This. dissertation examines the short-run effect of the January 2024 listing of spot Bitcoin Exchange-Traded Funds (ETFs) on the market dynamics of Bitcoin. Driven by increased institutional adoption and research in cryptocurrency markets, this study investigates whether the listing of funds like IBIT (iShares Bitcoin Trust), FBTC (Fidelity Wise Origin Bitcoin Fund), and GBTC (Grayscale Bitcoin Trust, on spot conversion) introduced quantifiable implications on the price returns, volume, and market capitalization of Bitcoin. To address this question, the study uses a hybrid event study approach through OLS and GARCH(1,1) model to identify abnormal returns and volatility patterns. Based on daily data gathered from September 2023 to March 2025, the study identifies an event window around the date of approval of the ETF and classifies expected and actual market behavior. No short-term statistically significant abnormal returns occur in any of the three measures investigated. Although GARCH models imply temporary volatility relationships and trading volume as a primary amplifier, the event itself also did not create quantifiable return anomalies. Such findings are also confirmed by robustness tests with an extended event and estimation windows and again reflect no significant influences. Overall, the research discovers that the ETF approval, while structurally important, was well absorbed by the market in the near term.
Wynn Edgar
No abstract is available for this record.
Tiernan Collins
No abstract is available for this record.
Dario Mikuš
This thesis examines Bitcoin's potential as a store of value, focusing on devel- opments up to February 2025. It finds weak cointegration and low correlation between Bitcoin and gold, challenging the view of Bitcoin as a reliable store of value. Instead, Bitcoin shows strong similarities to stock market indices in both price and return trends, especially after the COVID-19 pandemic. These findings suggest Bitcoin behaves more like a risky asset than digital gold. The analysis employs Cointegration and DCC-GARCH methods, re- vealing that emerging parallels between gold and Bitcoin are likely anomalies, making state-level adoption as a reserve asset premature. 1
Pham, Huy
Cryptocurrency has become more popular in the awareness of individuals, corporations, and financial institutions. The thesis will examine the acceptance of the cryptocurrency market by stakeholders in the economy. The thesis will also discuss the impacts of the cryptocurrency market on the global financial system by analyzing some countries’ perceptions, contributing to the evidence that the cryptocurrency market trend is growing. Published papers, cryptocurrency documents, and government reports will be the main sources. Qualitative and quantitative methods will be included in the thesis in order to increase the thesis’s points. By using the analysis and synthesis method, the thesis will provide a detailed and more comprehensive view of the cryptocurrency market. The history of currencies and forms of payment will also be discussed in order to show the opportunities of cryptocurrencies. A more realistic view of cryptocurrencies’ current trend will result, so stakeholders can take appropriate actions and approaches when participating in the market.
Václav Kuna
This thesis investigates the effectiveness of technical analysis, focusing on can- dlestick patterns, in cryptocurrency markets characterized by high volatility and continuous trading. Using statistical methods, including skewness-adjusted t-test and binomial test, the study evaluates 41 bullish and bearish patterns across five datasets: four datasets covering cryptocurrencies in general (excluding stable- coins) and one specific to stablecoins. Gap-dependent patterns were rare due to the continuous trading nature of cryptocurrency markets. Eight patterns demon- strated predictive potential in the non-stablecoin datasets, though two produced returns contrary to their bearish classification. The most compelling patterns are Hammer Bullish, Rising Window Bullish, On Neek Bearish, and Shooting Star Bearish, which produced returns contrary to its bearish classification, as they ap- pear in three datasets. In contrast, the stablecoin dataset showed Doji Star Bullish and Doji Star Bearish as significant; however, these likely reflect price-stabilization mechanisms rather than intrinsic predictive properties. By leveraging large, di- verse datasets and employing modern trend-definition methodology, the study highlights the limited applicability of traditional candlestick patterns and ques- tions the...
Imen Ben Achour, Jihed Majdoub
No abstract is available for this record.
I Kadek Mentik Yusmantara, S. Si.
No abstract is available for this record.
Christian Catalini
Stablecoins are transforming from niche crypto instruments to critical programmable infrastructure, with profound implications for global finance and business strategy. By enabling instantaneous, low-cost settlement, they bridge disparate domestic payment systems, dismantle inefficiencies in entrenched card networks and legacy rails, and unlock decentralized finance applications. This analysis delineates the core stablecoin archetypes - fully reserved variants, deposit tokens, tokenized money-market funds and algorithmic constructs - assessing their trade-offs in reserve robustness, consumer protection, regulatory compliance and long-term business viability. The paper then charts five geopolitical pathways, ranging from a lightly upgraded Bretton Woods order to fragmented multipolar or more chaotic monetary regimes, unpacking how these trajectories could propel or impede stablecoin adoption.
Ian Appel, George (Yiorgos) Allayannis
This case examines a fictional hedge fund manager's decision about whether to maintain his fund's position in bitcoin. It provides an opportunity for students to develop an investment thesis for or against bitcoin, evaluate alternative ways to gain exposure to bitcoin, and consider bitcoin's economic function (e.g., as a currency or commodity). The case can be used in an MBA elective course on fintech, capital markets, or investments. Excerpt Bitcoin: Keep “Hodling”? Whether it goes up or down in the next year, or five or 10 years, I don't know. But the one thing I'm pretty sure of is that [Bitcoin]doesn't produce anything. It's got a magic to it and people have attached magic to lots of things. —Warren Buffet, chairman and CEO, Berkshire Hathaway Inc. I think the average investor should ask himself or herself what do you have in your portfolio that has [Bitcoin's] kind of track record—number one; is very, very underpenetrated; can provide a service of insurance against financial catastrophe that no one else can provide; and can go up ten times or fifty times. The answer is: nothing. —Bill Miller, founder, chairman, CIO, Miller Value Partners In mid-September 2025, John Brown, a hedge fund manager based in Miami, was reviewing his portfolio. His focus was on the fund's position in bitcoin. Brown had initiated a small position in the cryptocurrency (crypto) at the urging of one of the fund's limited partners (LPs) four years earlier. The bet had paid off, with the price of bitcoin more than doubling over the last four years (Exhibit 1). The path to get there, however, had been brutal. . . .
Gilles Chemla, William J. Knottenbelt, Zhengming Li, Xihan Xiong · 6 authors
No abstract is available for this record.
Md. Mokshud Ali, Tanbina Tabassum
This research study offers a comprehensive overview of current advancements in financial practices in the United States. This research will examine recent shifts in American financial habits and offer stakeholders guidance on how to effectively manage the evolving financial landscape. A thorough assessment of prior literature reviews and empirical studies on digital finance in the US is part of the research methodology.The literature review focuses on how developments in financial technology (FinTech), regulatory changes, a growing emphasis on sustainability, and shifting consumer behavior have significantly altered the financial sector.. The influence of regulatory barriers, ESG integration, evolving consumer behavior, and the complex interactions affecting US financial practices are the main topics of discussion. The results underscore the significance of digital transformation, regulatory impediments and campaigns, consumer inclinations, the advantages and challenges of decentralized financing (DeFi), and cybersecurity and privacy issues. Recommendations are provided based on the results to enhance regulatory flexibility, raise financial literacy and awareness, fund cybersecurity infrastructure, encourage cooperation and information exchange, welcome responsible innovation, and track and react to market dynamics. By putting these recommendations into practice, stakeholders can better navigate the complexity of digital banking in the US and foster innovation, inclusion, and trust in the digital financial ecosystem while averting the dangers and difficulties that come with it.
Surekha Thota, Shantala Devi Patil
The conventional process of credit document verification heavily relies on manual methods, making it tedious and time-consuming. The advent of self-sovereign identity (SSI) revolutionised the landscape of credit document verification. SSI empowers individuals with complete control over their identity, ensuring privacy, trust, and security. This paper presents an in-depth exploration of SSI's application in the credit processing domain. This paper highlights the implementation of SSI using the Trust over IP framework on Hyperledger Aries, empowering borrowers to own and control the sharing of their verifiable credentials. By integrating Hyperledger Aries and SSI, a robust and interoperable blockchain-based identity framework can be built. This allows individuals to store their verifiable credentials on a distributed ledger securely and selectively disclose them to lenders as needed. This model empowers borrowers to present accurate and tamper-proof credentials, enhancing data privacy, transparency, and trust, while promoting a borrower-centric approach to sharing credentials.
Leon V. Schumacher
No abstract is available for this record.
Filip Marko Kobetić
Bitcoin je virtualna valuta 21. stoljeća koja postaje sve popularnija u očima ulagača zbog svojih visokih povrata, a decentralizacija sustava i anonimnost pružaju korisnicima stupanj sigurnosti i privatnosti. S druge strane, zlato se od davnina koristi kao spremište vrijednosti i ulagačima predstavlja vrlo atraktivnu investiciju zbog svojih kretanja u razdobljima kriza. Trenutno, ulagači povezuju Bitcoin s rizikom i volatilnošću. Ovaj rad prikazuje pridonosi li dodavanje Bitcoina u portfelj većim povratima uz isti rizik. Uključivanje alternativnih investicija poput Bitcoina pomaže smanjiti korelaciju s tradicionalnim tržištima i poboljšati ravnotežu portfelja. Svrha ovog istraživanja je modelom moderne teorije portfelja prikazati može li se Bitcoin smatrati sredstvom diversifikacije u portfelju banaka i investitora kroz godine svojeg postojanja. Kako bi se provelo istraživanje održivosti Bitcoina kao sredstva diversifikacije odradila se teorijska i statistička analiza. Sastavio se optimalni portfelj između Bitcoin-a, zlata te S&P500 korištenjem moderne teorije portfelja kako bi se testiralo pridonosi li dodavanje Bitcoina u portfelj većim povratima, uz isti stupanj rizika. Nadalje, ispitale su se korelacije između Bitcoina i drugih financijskih imovina u portfelju. Rad objašnjava postoji li osnova za diversifikacijski potencijal Bitcoina. Rezultati ovog istraživanja pokazuju da je Bitcoin jače povezan s tržištem S&P500 nego s tržištem zlata. Rezultati su pokazali da Bitcoin, kao relativno nova financijska imovina s malom tržišnom kapitalizacijom naspram S&P500 i zlata, ima veću fluktuaciju kretanja cijene te se smatra riskantnijom imovinom.
Dhingra Rushita, Kiran Sood, Uma Shankar Yadav
Abstract The purpose of the article is to analyse the use of cryptocurrencies in general and Bitcoin specifically. The majority of academics are aware of the benefits of using cryptocurrencies for trade facilitation, cost reduction, and similar purposes. Peer-to-peer and remittance transactions without compliance requirements have the potential to be transformed and revolutionised by cryptocurrencies; nevertheless, end users must overcome several obstacles relating to security, privacy, and control in order to take use of Bitcoin. The study elaborates on several facets of cryptocurrencies, beginning with their early development, difficulties and dangers, chances, benefits and drawbacks, and prospects. Secondary data has been used for this study like as from government sources, Scopus indexed journal, famous print media. The study find the addressed challenges pertaining to the operational and technological aspects of cryptocurrencies. And how to resolve the modern problem faced while using cryptocurrency. So we conclude that it is difficult to predict the future of cryptocurrencies, as there is still a lot of work to be done, especially in the area of formal rules. Implications: In this digital era there is a need for cryptocurrency while the whole world is turning into a cashless economy, this will be useful for our common society and have the best use for implication in the business sector, this will stop the paperwork and sustainability, and, even there is threat cybercrime while the use of cryptocurrency will be increased so by data protection and strong security and protection bill or regulation will give the usual and systematic direction for uses and one line development.
Benu Chatterjee
The research paper investigates the profound impact that cryptocurrencies have exerted on traditional financial systems since the emergence of Bitcoin in 2009. The rapid growth of cryptocurrency market and its increasing integration in global economics have raised significant questions about the future coexistence and potential transformation of traditional financial structures. The study employs a multidisciplinary approach, combining economic analysis, regulatory examination and technological insights to explore the multifaceted implications of cryptocurrencies.
Diego Salazar Raba
La necesidad de realizar transacciones económicas con un dinero que no estuviese regulado por las autoridades o gobiernos provocó la creación de las criptomonedas, que podrían ser usadas por cualquier individuo que tuviese acceso a un ordenador. En este trabajo trataremos tanto el crecimiento de su valor frente a otras monedas (en este caso el dólar, que es la moneda más utilizada) como su inestabilidad. Nos centraremos en el Bitcoin debido a que es la criptomoneda más antigua y utilizada, pero también analizaremos por encima el resto de las criptomonedas más relevantes en la actualidad.
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Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies. Are bitcoins safe?
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Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies. Are bitcoins safe?
Cameron MacDonald, Laura Zhao
No abstract is available for this record.
Ethereum Trader
Ethereum Trader In spite of the fact that exchanging bitcoin isn't basic, it has become simpler to do so because of the accessibility of various different exchanging programs. Then again, finding the right and genuine exchanging stage stays a troublesome undertaking. A Ethereum Trader survey was led to have an exhaustive comprehension of the exchanging bot's usefulness. We want to ensure that these cases are precise so you can choose whether or not this exchanging bot deserve your consideration.\n\nhttps://www.theethereumtrader.com