Open Access. Powered by Scholars. Published by Universities.®
- Institution
- Publication
- Publication Type
- File Type
Articles 1 - 8 of 8
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, …
New Kid On The Blockchain: The Rise Of Cryptocurrency In The Global Arena: Humanitarian Usage With Blockchain, Rhonda S. Binda
New Kid On The Blockchain: The Rise Of Cryptocurrency In The Global Arena: Humanitarian Usage With Blockchain, Rhonda S. Binda
Open Educational Resources
In 2018, the world was shaken by the fast rise of Bitcoin and other cryptocurrencies that use a decentralized, blockchain technology for payment transfers outside of the traditional banking system. The potential impact this alternative form of banking could have in the medium and long term on the over 2 billion people globally unbanked is tremendous. Additionally, blockchain itself is being used for value transfer combined with bio and genetic tagging technologies in refugee camps for example, bringing to rise a new era where technology for development is disrupting education, healthcare and security programs globally.
Establishing Cryptocurrency Equilibria Through Game Theory, Carey Caginalp, Gunduz Caginalp
Establishing Cryptocurrency Equilibria Through Game Theory, Carey Caginalp, Gunduz Caginalp
ESI Publications
We utilize optimization methods to determine equilibria of cryptocurrencies. A core group, the wealthy, fears the loss of assets that can be seized by a government. Volatility may be influenced by speculators. The wealthy must divide their assets between the home currency and the cryptocurrency, while the government decides the probability of seizing a fraction the assets of this group. We establish conditions for existence and uniqueness of Nash equilibria. Also examined is the separate timescale problem in which the government policy cannot be reversed, while the wealthy can adjust their allocation in reaction to the government’s designation of probability.
Monetary Policy Implications Of Cash, Other Money Supplies, And Cryptocurrencies In Singapore: A Growing Cashless Society., Sarah Kesler
Monetary Policy Implications Of Cash, Other Money Supplies, And Cryptocurrencies In Singapore: A Growing Cashless Society., Sarah Kesler
Undergraduate Theses and Capstone Projects
The country of Singapore has been a growing cashless society for years. Analyzing their money supplies relative to their gross domestic product and their consumer price index can give insight into how the central bank of Singapore are able to maintain control over their monetary policy. Using data from 1974 to the present, I tested the effect of physical cash and other money supplies on the economic and inflationary growth of this country. With this in mind, I expected to see a positive correlation between these money supplies, GDP, and inflation. However, what I found in my regression analysis was …
Returns To Buying Winners And Selling Losers: A Look At Cryptocurrencies, Daniel Walker
Returns To Buying Winners And Selling Losers: A Look At Cryptocurrencies, Daniel Walker
CMC Senior Theses
This paper is, to my knowledge, one of the first ever to examine the effectiveness of price momentum trading strategies applied to cryptocurrencies. Using aggregate OHLCV (Open, High, Low, Close, Volume) data on cryptocurrency pairs from Poloniex, Bittrex, and Bitfinex, I apply Jegadeesh and Titman’s classic -month/-month momentum trading strategy, reporting annual returns with and without incorporating trading fees. Portfolios are resampled daily, weekly, and monthly, testing lookback and holding periods ranging from one day to one year. The results show that trading cryptocurrencies using momentum strategies derives returns that rapidly increase the more often portfolios are resampled, with the …
The Future Of Bitcoin: Mapping The Global Adoption Of World’S Largest Cryptocurrency Through Benefit Analysis, James K. Darlington Iii
The Future Of Bitcoin: Mapping The Global Adoption Of World’S Largest Cryptocurrency Through Benefit Analysis, James K. Darlington Iii
Chancellor’s Honors Program Projects
No abstract provided.