The crypto-economy is booming and its combined market cap already exceeds $300B. However, many experts silently admit that most of this growth is fueled mainly by speculation and fraud, which implies that crypto-investors and their money will not be together for long.In this paper, we try to...

Economic frictions such as information asymmetries and economic forces such as economies of scale and scope give rise to financial intermediaries. These frictions and forces also shape market structure. While technological advances are not new to finance, digital innovation has brought major...

Since a mysterious creator under the alias Satoshi Nakamoto (a pseudonym) launched first successful cryptocurrency in January 2009, he (or could be she) also opened the door for never-ending criticism, claims, arguments, plethora of articles, and media frenzy all contemplating what Bitcoin is....