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Full-Text Articles in Economics
Financial Institutions Continue To Adopt Crypto Despite Industry Turmoil, Andre Beganski
Financial Institutions Continue To Adopt Crypto Despite Industry Turmoil, Andre Beganski
Capstones
Even though this calamitous year has raised doubts about crypto's future, not a single large financial institution has backed away from their forays into digital assets. And despite a period of turmoil that’s seen the market value of all cryptocurrencies crater to under $880 billion from over $3 trillion, many sizable firms continue to view crypto as an emerging sector of finance and technology that’s rife with opportunity.
While financial firms have the potential to foster a widespread perception of cryptocurrencies as a legitimate asset class, their involvement runs counter to the intent of those who pioneered blockchain technology for …
Nft-Related Companies: Token Sale Returns, Robert Liu
Nft-Related Companies: Token Sale Returns, Robert Liu
CMC Senior Theses
Non-fungible tokens (NFTs) have emerged as a new means of digital asset ownership and many companies are building projects that revolve around the technology. These companies are blockchain-based and raise capital for their projects through cryptocurrency token sales, which have become a new mechanism of entrepreneurial finance. In a sample of 62 NFT-related companies, I examine which company, fundraising, and token sale process characteristics are associated with the performance of 7-day and 60-day market returns after a token’s public listing. A multivariate regression analysis finds that the total amount of capital raised before a token launch has a negative relationship …
The State Of Crypto: How Blockchain Changes The Private Money Debate And The Innovation Of Digital Value, Patrick Devine
The State Of Crypto: How Blockchain Changes The Private Money Debate And The Innovation Of Digital Value, Patrick Devine
Senior Projects Spring 2022
This paper seeks to explore how cryptocurrencies improve on past issues with private currencies and assess where they fit within the broader economic and regulatory context. This paper finds that blockchain technology provides a solid foundation for cryptocurrencies to improve on many of the past issues associated with private currencies, but concludes that, given the infancy of the industry and the lack of an established regulatory framework, we cannot confirm that they are truly infallible, nor that they provide a clear answer to the debate over whether private currencies actually improve the financial system as laid out by Hayek, Ingham, …