Based on an analysis of Elon Musk's recent crypto-related tweets, it is identified that some of them strongly influenced the short-term returns and trading volume of Bitcoin and Dogecoin. The results illustrate the influence of influential individuals on cryptocurrency markets.
Distributed Ledger Technology (DLT) comes with the promise of creating trust by technological means. While non-DLT systems often have a central operator who enjoys complete authority and little oversight, DLT systems use mechanisms like data replication and consensus algorithms to distribute control among a group of (hopefully) independent validators.
To conduct any IT project, it is greatly advantageous to rely on well documented software as well as software with active developer community. The development of a blockchain system is no exception to this, as the choice of a Distributed Ledger Technology (DLT) with plenty of resources is advantageous.
Stablecoins are digital currencies whose value is pegged to fiat currencies like the dollar. We analyze the influence of stablecoin issuances on the returns of major cryptocurrencies and conclude that stablecoins contribute to price discovery and market efficiency of cryptocurrencies.
A specific feature of the blockchain technology and thus also of the Bitcoin network is the underlying transparency. Each network participant can observe in virtually real time how many and what kind of transactions take place in the Bitcoin...
This third and last blog post takes a look at intra-week patterns of Bitcoin activity. The following chart shows transactions and fees aggregated by weekday and hour. Activity was high on workdays and on afternoons, and low on weekends and on early mornings. The same is true for transaction fees...
Since July 2019, the Blockchain Research Lab collaborates on a three-year research project called DiBiChain. The project is funded by Germany’s Federal Ministry of Education and Research (BMBF). Its research goal is to make product life cycles more transparent and sustainable through the use of blockchain technology.
A Place Next to Satoshi: Scientific Foundations of Blockchain and Cryptocurrency in Business and Economics
The research foundations of blockchain and cryptocurrencies in business and economics are analyzed using co-citation analysis. Five strands of research are identified, reviewed and visualized, of which two are well-established and three are still emerging.
Based on a representative survey among 3,864 German adult Internet users, this report presents reliable insights on the respondents’ faith in, and the challenges associated with cryptocurrencies, as well as on their perceived vs. actual use.
For most purposes of technical analysis, the price of the last transaction is considered representative of the market price. However, on closer examination, the question arises as to why a past event should be relevant to the future, and why other, potentially more recent information should not be used to discover a future price.