Non-fungible tokens (NFTs): Possible speculative bubble with potential for sustainable innovation

A new form of digital investment has hit the mainstream. Non-fungible tokens (NFTs) are following in the footsteps of cryptocurrencies, fetching large sums in digital auctions and sales. NFTs are unique certificates of authenticity on blockchains, usually issued by the creators of the underlying works (or assets).

2021-05-04T17:47:25+00:00April 29th, 2021|Uncategorized|

The “Musk Effect” – How Elon Musk’s tweets affect the cryptocurrency market

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.

New Book: Blockchain and the Digital Economy

The book is written in a non-technical and accessible way and strives to demystify the functionalities of blockchains and their potential for a range of readers in the wider social sciences. It begins by explaining the key concepts of blockchain technology and presents an overview of the involved technical and economic elements.

2020-08-14T09:10:12+00:00August 14th, 2020|Uncategorized|

How do Stablecoin Issuances affect Cryptocurrency Markets?

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.

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