A New Currency for a New Economy


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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, also known as cryptocurrencies or digital currencies. Virtual currencies, such as Bitcoin, introduced a fundamental transformation that affected the way goods, services, and assets are exchanged. Virtual currencies are experiencing an increasing popularity in the financial markets and in portfolio management as can be classified as financial asset or commodities on a scale from pure medium of exchange advantages to pure store of value advantages. As a result of its distributed ledgers based on blockchain, cryptocurrencies 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. Bitcoin for example may be useful in risk management and ideal for risk-averse investors in anticipation of negative shocks to the market. The core objective of this proposed book is to provide a comprehensive discussion on the important issues related to cryptocurrencies ranging from pricing, financial, legal to technological aspects.Contents:

  • Cryptocurrencies: Concept and Current Market Structure (Octavian Nica, Karolina Piotrowska, and Klaus Reiner Schenk-Hoppé)
  • The Impact of Coronavirus Pandemic on Bitcoin: A Literary Overview (Devinder Gandhi, Shaista Jaffer, and Sahar Shabani)
  • Cryptocurrencies and Inequality (Usman W Chohan)
  • Towards a Better Understanding of the Resistance Factors of Cryptocurrency Spread (Sihem Ben Saad, Aida Allaya, Fayda Taârit, and Rafla Hchaichi)
  • Tokenization Disrupts ETFs (Ralf Wandmacher)
  • Oversight and Regulation of Cryptocurrencies: BitLicense (Usman W Chohan)
  • Cryptocurrencies: Key Risks and Challenges (Sonia Arsi, Soumaya Ben Khelifa, Yosra Ghabri, and Hela Mzoughi)
  • Factors Influencing Individual and Organizational Adoption of Cryptocurrencies (Khouloud Senda Bennani and Ibrahim Arpaci)
  • Crypto-asset Valuation: A Review and Analysis of Current Methods (Chen Liu)
  • The Nexus between Cryptocurrencies, Currencies and Commodities: A Primer (Siavash Taheri, Janelle Mann, and Austin McWhirter)

Readership: Given its broad scope, this practical and comprehensive book should be of interest to investors, academics, researchers, practitioners, policymakers, cryptocurrencies specialists, students, libraries, and anyone curious about cryptocurrencies. Investors can use this book to provide guidance in helping them navigate through the key areas involving cryptocurrencies. For academics, the book provides the basis for gaining a better understanding about various aspects of cryptocurrencies and acts as a springboard for future research. They can also use the book as a stand-alone or supplementary resource for advanced undergraduate or graduate courses in cryptocurrencies.

Cryptocurrencies;Digital Currencies;Bitcoin;Blockchain;Fintech;Tokenization;BitLicense;Crypto-Asset00