Social Network Analysis of Two Networks: Adolescent School Network and Bitcoin Trader Network
In: DAJOUR-D-22-00037
In: DAJOUR-D-22-00037
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In: The everything series
Welcome to the cryptocurrency craze -- Reality check -- Taking those first steps -- The blueprint for success -- The mark of a losing bet -- Knowing the players -- The basics of bitcoin -- The basics of ethereum -- The basics of ripple XRP -- The other altcoins -- Sleuthing out scams -- Okay, you have a lot of money to play with -- Okay, so you're like most investors -- Remember your purpose -- The tax man cometh -- The laws are a-changin' -- Cryptocurrencies 2.0: what's next?
In: Bank of Italy Markets, Infrastructures, Payment Systems Working Paper No. 5
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Working paper
In: FRL-D-23-01250
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In: Transforming Government: People, Process and Policy, Band 14, Heft 3, S. 475-494
Purpose
This paper aims to find, which of the assets: gold, oil or bitcoin can be considered a safe-haven for investors in a crisis-driven Venezuela. The authors look also at the governmental change of approach towards the use and mining of cryptocurrencies being one of the assets and potential applications of bitcoin as (quasi) money.
Design/methodology/approach
The authors collected the daily data (a period from 01 May 2014 to 31 July 2018) on the development of the following magnitudes: Caracas Stock Exchange main index: Índice Bursátil de Capitalisación (IBC) index; gold price in US dollars, the oil price in US dollars and Bitcoin price in bolivar fuerte (VEF) (LocalBitcoins). The authors estimated a threshold VAR model between IBC and each of the possible safe-haven assets, where the trigger variable was the IBC; then the authors modelled the residuals from the TVAR model using MGARCH model with dynamic conditional correlation.
Findings
The results show that that gold is a better safe-haven than oil for Venezuelan investors, while bitcoin can be considered a weak safe haven. Still, bitcoin can perform (to a certain extent) money functions in a crisis-driven country.
Research limitations/implications
Further research after the change of local currency from VEF into bolivar soberano might be looked at on the later stage.
Practical implications
The authors provide evidence on which of analysed asset is the best safe-haven for the investors acting in the time of the crisis. The evidence goes in line with other authors' findings, thus, the results might bring implications for investors of more universal character. Additionally, the result might be helpful for governments and/or monetary authorities while projecting institutional frameworks and conducting monetary policy.
Social implications
The unprecedented economic crisis in Venezuela was one of the factors that fuelled the mining and use of cryptocurrencies in the daily life of its citizens. Nowadays, the country is a leader in terms of the use of bitcoin and other cryptocurrencies in Latin America. The results show a potential application of bitcoin as a store of value or even means of payments in Venezuelan (or in other countries affected by the crisis).
Originality/value
The paper builds on the original data set collected by the authors and brings evidence from the models the authors constructed to verify, which asset is the best option for investors in hard times of the crisis. The authors add to the existing literature on financial assets, cryptocurrencies and behaviour of investors under different economic conditions.
Investment is done by people from very long time, in terms of money, land and property, shares and stocks, Gold etc. Indian market in terms of investment is very typical to understand where people want to invest but they feel very unsecure about their investment this may be due to number of reasons. From last few years the India is moving towards cashless digital transaction due to demonetization or other facts, people are using their credit/ debit cards for online purchasing. Moreover, many companies Government as well as private are offering digital wallets with attractive discount and cashback feature to promote digital transactions and investment. In digital India people came across with the digital virtual crypto currency like Bitcoins and others, people are investing in these currency as it gets the hype of higher returns as compared to the traditional investments. In this paper the author is doing an empirical study about the various aspects of digital virtual crypto currency like Bitcoins, whether the people are aware about the understanding of this currency and whether to invest or not, is it a safe investment etc.
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In: Oklahoma Law Review, Band 74, Heft 3, S. 313-335
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In: Prokla: Zeitschrift für kritische Sozialwissenschaft, Band 45, Heft 2, S. 217-236
ISSN: 0342-8176
"Monetary reform proposals can be characterized by their Position taking on two fundamental debates within monetary theory: What is the nature of money (credit or asset)? Who should issue money (the state or private entities)? In opting for a radical departure from the hybrid nature of the current monetary system, reform proposals suffer from a gap between far reaching legitimacy claims and neglected functionality problems in monetary governance." (author's abstract)
In: Prokla: Zeitschrift für kritische Sozialwissenschaft, Band 45, Heft 179
ISSN: 2700-0311
Monetary reform proposals can be characterized by their position taking on two fundamental debates within monetary theory: What is the nature of money (credit or asset)? Who should issue money (the state or private entities)? In opting for a radical departure from the hybrid nature of the current monetary system, reform proposals suffer from a gap between far reaching legitimacy claims and neglected functionality problems in monetary governance.
In: Int. J. Internet Technology and Secured Transactions, Band 7, Heft 2
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