1.

Record Nr.

UNINA9910370254803321

Titolo

Cryptofinance and Mechanisms of Exchange : The Making of Virtual Currency / / edited by Stéphane Goutte, Khaled Guesmi, Samir Saadi

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2019

ISBN

3-030-30738-7

Edizione

[1st ed. 2019.]

Descrizione fisica

1 online resource (x, 198 pages)

Collana

Contributions to Management Science, , 1431-1941

Disciplina

343.032

332.4

Soggetti

Risk management

Business enterprises—Finance

Macroeconomics

Banks and banking

Economics, Mathematical 

Computers

Risk Management

Business Finance

Macroeconomics/Monetary Economics//Financial Economics

Banking

Quantitative Finance

Information Systems and Communication Service

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di contenuto

Chapter 1 Cryptocurrencies as an Asset Class -- Chapter 2 Are virtual currencies virtuous? Ethical and Environmental Issues -- Chapter 3 Cryptocurrency Mining -- Chapter 4 Regulating Bitcoin: A Tax Case Study -- Chapter 5 Are Cryptocurrencies Truly Trustless? -- Chapter 6 Blockchain & Alternative Sources of Financing -- Chapter 7 Tokenomics -- Chapter 8 Crypto Tokens and Token Offerings: An Introduction -- Chapter 9 Initial Coin Offerings: What Do We Know and What are the Success Factors? -- Chapter 10 Initial Coin Offerings (ICOs): Risks, Regulation, and Accountability -- Chapter 11 Cryptocurrencies and



Risk Mitigation.

Sommario/riassunto

This book describes how the rapid advancement in encryption and network computing gave birth to new tools and products that have influenced the local and global economy alike. One recent and notable example is the emergence of virtual currencies (such as Bitcoin) also known as cryptocurrencies. Virtual currencies introduced a fundamental transformation that affected the way goods, services and assets are exchanged. As a result of its distributed ledgers based on blockchain, cryptocurrencies not only offer some unique advantages to the economy, investors, and consumers, but also pose considerable risks to users and challenges for regulators when fitting the new technology into the old legal framework. The core of this proposed book is to present and discuss the evidence on financial asset capabilities of virtual currencies. The contributors of this volume analyze several interesting and timely issues such as the particularities of virtual currencies and their statistical characteristics; the diversification benefits of virtual currencies; the behavior and dependence structure between virtual currencies and the financial markets; the economic implications of virtual currencies, their effects, their price risk, and contagion spillovers in a unified and comprehensive framework; the future of virtual currencies and their distributed ledgers technology.