Bitcoin Transactions, Information Asymmetry and Trading Volume

2020-11-10T07:43:43+02:00

The underlying transparency of the Bitcoin blockchain allows transactions in the network to be tracked in near real-time. When someone transfers a large number of Bitcoins, the market receives this information and traders can adjust their expectations based on the new information.

Market Reaction to Large Transfers on the Bitcoin Blockchain – Do Size and Motive Matter?

2020-11-10T07:47:53+02:00

Cryptocurrency markets are often deemed inefficient. This paper explores how the market reacts to a specific form of public information: large Bitcoin transactions. The event study examines the price effects of 2,132 transactions involving at least 500 Bitcoins...

Effects of Initial Coin Offering Characteristics on Cross-listing Returns

2020-11-10T07:52:35+02:00

This paper examines how initial coin offering (ICO) characteristics affect cross-listing returns, i.e. whether or not the available information is a valuable signal of quality. For this purpose, we analyze 250 cross-listings of 135 different tokens issued via ICOs and calculate abnormal returns for specific samples using event study methodology.

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