Qunitero (2018) notes that there is more than one cluster in the cryptocurrency space—in fact, there are numerous ones. Identifying them and understanding the relationship among assets is critical to devising a successful trading strategy. Identifying clusters as part of developing a trading strategy for cryptocurrencies could help make the space far more viable for investors and speculators alike. “There do seem to exist natural clusters of coins that move in tandem,” Quintero (2018) states—which means more cryptocurrency samples need to be examined in order to clarify the seeming relationships.
2. Method and Results
Part I: Developing a Method
The problem of… Continue Reading...
The finance world is finally abuzz with news of bitcoin and other cryptocurrency. What are cryptocurrencies, and what do potential investor need to know about them? This bitcoin essay offers a brief background of bitcoin and other cryptocurrencies, also referring to the blockchain software that underlies them. Then, this bitcoin essay explores what financial analysts say about the viability of bitcoin as an investment. Finally, this essay will how and why people purchase bitcoin, as well as how bitcoin can be used as both currency or as investment.
Because they are taking the financial world by storm, is important to learn about… Continue Reading...
before plummeting to $6,750 in mid-April of this year. “The cryptocurrency has fallen more than 65 percent since peaking in December at $19,511. Bitcoin rose 2.2 percent to $6,750 on Monday” (Wolf, 2018).
So many people are interested in replicating the success of bitcoin during its meteoric and fast rise, that other digital currencies have been created. Furthermore, many companies have become accepting digital currency, with the most popular option being bitcoin. Some companies that accept bitcoin are Expedia, Microsoft, and Overstock (Heston, 2018(. Other digital currency competitors to bitcoin are Ethereum, ripple, and BitcoinCash. Ethereum was developed by a… Continue Reading...
cryptocurrency for their own use. Being flipped from a user to a victim is always a risk in criminal activity, and the frenzy surrounding nucleus suddenly becoming unresponsive highlights that this possibility exists even in the realm of cybercrime.
AlphaBay Market was another famous dark net marketplace. It operated on the Tor network and rapidly expanded to about ten times the size as Silk Road. It was used for a variety of types of illegal transactions, but was probably best known for trafficking in identity theft. It was targeted by… Continue Reading...
Over the past couple of years, blockchain has been unpacked from cryptocurrency and a wealth of applications using the technology are in development. Many observers predict that blockchain technology will revolutionize a wide range of businesses (Marr, 2018).
What is Blockchain?
The heart of blockchain is the concept of the distributed ledger. The original idea behind Bitcoin was to develop a peer-to-peer currency, in the sense that a store of value and unit of exchange could be created without the intermediary of a central bank. The value of this currency would be determined by the forces of supply and demand, based… Continue Reading...
