Showing 1 - 10 of 9,019
This paper studies the operations and financial valuations of 13 cryptocurrency mining companies that are listed on the NASDAQ stock exchange and have facilities in North America. We find that miners using Texas wind power are offline more than other miners, in a more erratic pattern, while...
Persistent link: https://www.econbiz.de/10014226120
We study investors' responses to increasing tax reporting awareness and scrutiny in the crypto markets. We document significant taxation effects on investors' behavior and preferences for crypto exchanges using novel data on retail investors' trading. In relation to international peers,...
Persistent link: https://www.econbiz.de/10013300845
We describe the landscape of taxation in the crypto markets, especially that concerning U.S. taxpayers, and examine how recent increases in tax scrutiny have led to changes in trading behavior by crypto traders. We predict under a simple theoretical framework and then empirically document that...
Persistent link: https://www.econbiz.de/10013477208
The U.S. has approximately 1,600 cryptocurrencies. No cryptocurrency is qualified to be called money because none has been designated by the U.S. government as being legal tender. Cryptocurrencies are called virtual currencies because they possess a few of the qualities of money. In this...
Persistent link: https://www.econbiz.de/10012888746
Since the amount of simultaneously circulating cryptocurrencies is increasing rapidly worldwide, this study aims to question the effects on competition between privately issued cryptocurrencies and central bank issued fiat currencies by postulating a coexistence theory despite extreme scenarios....
Persistent link: https://www.econbiz.de/10012896607
This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. Using algorithms to analyze blockchain data, we find that purchases with Tether are timed following market downturns and result in...
Persistent link: https://www.econbiz.de/10012899048
Cryptocurrencies have grown exponentially and gained increasing attention in recent years, and while it's true that it's secure by design, “Security” remains the cornerstone of any and all cryptoassets.To benchmark the global cryptocurrencies market from a security perspective, track current...
Persistent link: https://www.econbiz.de/10012925602
Fintech is one of the fastest growing domain. With the shift of world to digital platforms due to covid, digital transactions have gained lot of importance and attention. Big scale transaction like for buys cars to smaller once like at vegetable vendors, online order placing and food,...
Persistent link: https://www.econbiz.de/10014362284
Cryptocurrencies are deemed to be highly influenced and driven by investors' sentiments flowing across social media platforms. Consequently, researchers are attracted to investigate investors' behavioral biases in investing in cryptocurrencies. The existing related research majorly focuses on...
Persistent link: https://www.econbiz.de/10014238343
We introduce systematic tests exploiting robust statistical and behavioral patterns in trading to detect fake transactions on 29 cryptocurrency exchanges. Regulated exchanges feature patterns consistently observed in financial markets and nature; abnormal first-significant-digit distributions,...
Persistent link: https://www.econbiz.de/10013233822