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Full-Text Articles in Finance and Financial Management
Characteristics Of Proliferating Cryptocurrencies: A Comparative Study Between Stable And Non-Stable Cryptocurrencies, Cheuk Hang Au, Gerrard Li, Wen Shou Hsu, Po Hsu Shieh, Kris M.Y. Law
Characteristics Of Proliferating Cryptocurrencies: A Comparative Study Between Stable And Non-Stable Cryptocurrencies, Cheuk Hang Au, Gerrard Li, Wen Shou Hsu, Po Hsu Shieh, Kris M.Y. Law
Research outputs 2022 to 2026
The emergence of cryptocurrencies has caught the attention worldwide. Some parties have considered issuing cryptocurrencies an excellent opportunity to raise capital and other businesses. However, the factors that foster the proliferation of cryptocurrency are not fully explored. This paper documented a comparative case study of USDT (a successful stablecoin) and EOS (a successful non-stable cryptocurrency). Based on our findings and previous literature, we suggested a Technology-Institution-Market (TIM) framework for cryptocurrency proliferation. We also elaborated on previous FinTech product development and adoption theories and provided some practical implications for cryptocurrency investors, issuers and regulators.
Impact Of Covid-19 On Cryptocurrencies: Evidence On Information Transmission Through Economic And Financial Market Sentiments, Irfan Haider Shakri, Jaime Yong, Erwei Xiang
Impact Of Covid-19 On Cryptocurrencies: Evidence On Information Transmission Through Economic And Financial Market Sentiments, Irfan Haider Shakri, Jaime Yong, Erwei Xiang
Research outputs 2014 to 2021
This paper investigates the relationship between the COVID-19 crisis and the two leading cryptocurrencies, Bitcoin and Ethereum, from 31 December 2019 to 18 August 2020. We also use an economic news sentiment index and financial market sentiment index to explore the possible mechanisms through which COVID-19 impacts cryptocurrency. We employ a VAR Granger Causality framework and Wavelet Coherence Analysis and find the cryptocurrency market was impacted in the early phase of the sample period through economic news and financial market sentiments, but this effect diminished after June 2020.