The article aims to verify whether cryptocurrencies can hedge extreme price movements of Brent oil. The COVID-19 pandemic revealed that the prices of oil are strongly dependent on economic uncertainty, as well as on the mobility factor. We analyse the Brent oil prices from February 10, 2020, to...

This paper examines whether cryptocurrencies are hedging instruments for green and non-green energy instruments. We differantiate between cryptocurrencies with two types of consensus mechanisms, Proof-of-work and Proof-of-stake, which reflect the demand for energy used for the coins'...