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145 articles

Impacts of Digital Currency Electronic Payment (DCEP) on China’s Banking System

Tong Zhang
With the progress of the Internet and big data technology, the format of the currency is transmitting from physical money to digital money. Countries in the world commence to research on the function of the digital currency and Digital Currency Electronic Payment (DCEP) is People Bank of China’s practice...

Analysis of Bitcoin Development and Investment Value

Tianyu Li, Wanying Li, Siyi Li
Bitcoin started out as a cryptology group, and gradually gained the attention of an elite group of economists, programmers, and math enthusiasts outside of cryptography, eventually rising and falling as the price of Bitcoin skyrocketed, after the fermentation of the media has received widespread attention...

Prediction of Bitcoin Price Based on the Hidden Markov Model

Muxi Li
The prediction of the financial market has gradually attracted attention from investors. As an emerging market, digital currency has become an indispensable and essential part. The common analysis methods are mainly machine learning and its derivatives. The daily frequency data of Bitcoin prices are...

Research on the Digital Currency Price Synergy Based on VAR Model: Evidence from Bitcoin and Ethereum

Junqi Wang, Xuecheng Wang
Based on the VAR model, we use Bitcoin prices as well as the Ethereum price daily data between December 2019 and January 2022 for dynamic identification, and the empirical analysis results show that the Bitcoin price is the granger reason of Ethereum prices, but Ethereum price is not the Bitcoin prices...

Exploring Arbitrage Opportunities between the BTC Spot and Futures Market based on Funding Rates Mechanism

Jiahua Zou
Crypto-currency, in nowadays occupies a very important position in the global financial market. Due to the importance of Crypto-currency, research on it has positive and significant meanings for financial purpose. This research examined how investors arbitrage between the BTC spot and futures market...

Predictions of Cryptocurrency Prices Based on Inherent Interrelationships

Zhenyuan Wu
The price of cryptocurrencies is predicted in this paper based on their intrinsic interrelationship with Bitcoin. The Kaggle dataset is gathered, standardized, collated, and extracted. Convolutional Neural Network (CNN) is compared to other machine learning methods such as Linear Regression and K-Nearest...

Application of Block Chain Technology in the Financial Industry and Its Legal Norms

Xiaowei Zhou, Junnan Dong, Xinyin Zhang, Pei Zhang
Financial block chain technology is a frontier technology of financial science and technology, which plays an important role in the business processing and expansion of commercial banks under the background of Internet. This paper introduces the applications of block chain including the application of...

Feasibility Study of Bitcoin Hedging the U.S. Stock Market

Shiyun He, Yingjie Sheng, Ziyang Zang
Hedge strategies are used with different terms to evaluate whether the co-movement between the U.S. stock market and Bitcoin can be used to optimize the portfolio. As for the representative stock indexes, we construct long-term and short-term hedge portfolios of the S&P 500 and NASDAQ with Bitcoin...

Analysis of Bitcoin and Alternative Assets Based on VAR Model

Yingying Xia, Dan Wang
This paper is based on April 2020 to July 2020 bitcoin price and s & p real assets index data, using the VAR model for dynamic identification, empirical analysis results show that the currency price is s & p real assets index, but s & p real assets index is not the currency price granger....

Analysis of Whether Cryptocurrency Like Bitcoin is Real Money from the Perspective of State Theory of Money

Jie Hao
With the popularity of cryptocurrency like bitcoins in recent years, the social circles have been confusing whether cryptocurrency is real money essentially. Lots of voices have clarified the question from the traditional view that regards the nature of money as commodity. However, historical evidences...

A Regulatable Blockchain Transaction Model with Privacy Protection

Zhiyuan Xue, Miao Wang, Qiuyue Zhang, Yunfeng Zhang, Peide Liu
Pages: 1642 - 1652
Blockchain is a decentralized distributed ledger technology. The public chain represented by Bitcoin and Ethereum only realizes the limited anonymity of user identity, and the transaction amount is open to the whole network, resulting in user privacy leakage. Based on the existing anonymous technology,...

The Investment Value and the Current Regulation of Cryptocurrencies Market Under the Confusion

Ziqi Ai, Zeyu Yao
With the rapid development of contemporary technology, people are not only satisfied with the economic benefits brought by the traditional financial industry. In 2009, a currency incorporating blockchain Bitcoin was born, thus kicking off the cryptocurrency trend. In this paper, the historical development...

Volatility Spillovers of New Cryptocurrencies Over Traditional Cryptocurrencies in the NFT Market: A Case Study of Mana

Maosen Tang
This study uses the DCC-GARCH model to compare the correlation between two types of cryptocurrencies in two different fields. In the context of the popularity of NFTs and the metaverse, new cryptocurrencies based on the metaverse have been favored by investors. Through empirical analysis of mana cryptocurrencies...

Analysis on Potential Blockchain Applications in Finance, Sports, and Supply Chain Management

Wenzhe Zhang
The concept of a blockchain and its applications within the business world has been a popular and widespread topic ever since the emergence of Bitcoin as a form of cryptocurrency. Properties of a blockchain such as information security, decentralization, and distributed ledger provide limitless opportunities...

Exploration of the Problems of Virtual Currency and Potential Solutions

Rui Tang, Rui Wang, Rongjie Zou
In recent years, virtual currency has become an international hot topic. At the same time, virtual currency also ushered in unprecedented development. How to effectively regulate virtual currency becomes a problem worth discussing. This paper first analyses the development of virtual currency with Bitcoin...

Research on the Correlation Between COVID-19 and Bitcoin Price Volatility Based on Time-series Model

Peilin Du
From 2020 to 2021, COVID-19 spread across the globe, which has a significant impact on the global economy and people’s lives. With the development of the COVID-19 pandemic, people’s pessimism about the economy has increased, leading to a significant increase in demand for safe-haven currencies and a...
Proceedings Article

The Research on the Prediction of Cryptocurrency Based on Linear Regression and LSTM

Feng Ding
As the growing interest of investment on Cryptocurrencies and the huge volatility of their price, a need for scientific model to predict the future price is growing. In this context, the paper uses linear regression and LSTM model to predict the price of Bitcoin and Ethereum. The result shows that the...
Proceedings Article

Bitcoin Trading using LSTM

Houhan Lu
Bitcoin is a high-risk and high-yield investment, and in recent years, more and more investors have begun to pay attention to Bitcoin, but its riskiness has deterred many. However, the data over the past few years has continued to show that Bitcoin is exceptionally profitable, and holding Bitcoin for...

Cryptocurrencies’ Past, Present and Future

Jiongyi Song, Yanqiu Chen, Yuxuan Li, Qizhi Sun
The growth of Cryptocurrency has been considered as a future legitimate tender of currency with great possibilities, and it has contributed to lots of different fronts like investments and forms of trading, on the contrary, has caused several troubles. As virtual currencies are developing rapidly, people...

Whether Cryptocurrency is a Tool of Investment?

Yiang Song, Jiacheng Sun, Siqi Zheng, Weiye Zou
In recent years, cryptocurrency is developing at a fast pace because of the big fluctuation in the prices of bitcoins. An increasing number of people decide to invest their assets into bitcoins or other types of cryptocurrencies. As a result, the idea of whether bitcoin is a good tool of investment has...

Which One is the Best Safe Haven During the Special Time, Bitcoin or Gold?

Juncheng Luo
The outbreak of COVID-19 in 2019 has had a huge impact on the global economy while also threatening people’s lives and property. In this context, investment means and ideas have also undergone great changes, such as a shift from riskier investments to more prudent ones. Traditional investment means such...

Research on the Investment Value and Regulation of Bitcoin

Yan Li
Bitcoin is considered a cryptocurrency and a digital currency, the two most notable characteristics are decentralization and anonymity. Bitcoin has a variety of properties. It could play not only the currency function but also have certain commodity property. To some extent, it can also be seen as an...
Proceedings Article

Comparative Bitcoin Price Prediction Using Multiple Machine Learning Techniques

N. Gowri Sree Lakshmi, V. Ajaykumar, B. Ashish, K. Hemalatha, T. Manohar, V. Sivashankerreddy
The cryptocurrency market is known for its inherent volatility, making accurate predictions a challenging endeavor. In this research study, investigate the efficacy of logistic regression, support vector machines (SVM), decision trees and random forests for the task of Bitcoin price prediction. To address...

Impact on the Volatility of the Bitcoin Price with the Implementation of Macro-Regulation

Siyao Ma
After year two thousand, with the booming of internet networks, virtual currency has appeared into the public’s view. In the midst of all (including 8861 numbers of virtual currency, calculate by Coinmarketcap), bitcoin has become the most represented currency for us to discuss. This paper returns the...

Analyze the Impact of Bitcoin on Stock Portfolio’s Risk and Return Based on Past 3 Years’ Data

Jiaqi Qin, Shansong Huang, Boying Yang, Yilin Ma, Zheng Tao, Shuqi Chen
Everyone is eager for high yield and low risk. In this research, we use Markowitz’s investment theory and Monte Carlo simulation to find the optimal investment portfolio and then study the impact of adding Bitcoin to the traditional investment portfolio on the cumulative rate of return. Our results show...

Analysis of Risk Diversification --Based on Bitcoin

Junchao Xia
Bitcoin is an essential component in the cryptocurrency system and plays a vital role in the economic system. This paper uses analytical methods to conduct in-depth research on Bitcoin. I will explain their opinions about its ability to invest and risk diversification, and then we try to verify some...

The Future of Bitcoins

Yaodan Zhang
With the outbreak of the Russian-Ukrainian war, more and more Western countries have imposed sanctions on the assets of the Russian people overseas, which have triggered a crisis of confidence in the world’s currency, the dollar. At this time, the popularity of Bitcoin has also resurfaced. People are...

The Application and Risk Management of Fintech in Financial Services

Ni Chen
This paper explores transformative role of fintech in financial services, focusing on its applications and the risk management challenges it presents. It traces evolution of fintech from economic globalization, highlighting innovations such as crowdfunding, P2P lending, and mobile banking, which enhance...
Proceedings Article

Secure and Decentralized Offline Payment Channel Protocol in Raiden Network on the Ethereum Blockchain Smart Contract System

O. K. Gowrishankar, V. Ramesh, M. Namasivayam, R. Abinaya, M. Dharshini, P. Keerthana
In this project, we introduce a new Secure and Decentralized Offline Payment Channel Protocol (SD-OPC) that extends the Raiden Network on Ethereum to authorize secure offline transactions. Above all, it ensures the transaction security, double-spending protection and the scalability, low latency and...

The Traditional Hedging Method in Times of Crisis and the New Tool: Cryptocurrency

Quanhao He
This paper gives a clear definition of the crisis and summarizes the hedging methods used to apply risk in times of crisis. The results show that active hedging strategies are more effective than passive hedging strategies when the economy is at its worst. Then, it proposes a new type of hedging method...

A Novel Graph-Based Framework for Cryptocurrency Fraud Detection

Rongyu Yang
Cryptocurrencies have been widely applied in in-dustries such as finance and physical trade, with Bitcoin and Ethereum becoming the mainstream cryptocurrencies. However, cryptocurrency transactions face numerous security issues, such as money laundering, Ponzi schemes, and high-investment-plan scams....

Develop an Online Portfolio Model for Optimal Trading Strategies

Junyu Xiong, Zhaoyi Li, Yuyao Zhang, Guoyan Chen, Xuesong Liu
Combined with the modeling and simulation concept, this paper considers the impact of transaction costs, long and short term risks and efficiency on the portfolio. Based on the past asset prices, this paper refers to the price trend and analyzes the buying and selling risks, and establishes a long and...

GARCH-Class Analysis of Bitcoin—A Comparison with Gold

Weibing Shen
Bitcoin establishes itself as an investment asset and is often named the New Gold. This study, however, shows that the two assets are different in univariate and multivariate aspects. First, we construct GARCH, APARCH and APARCH-in-Mean models to analyze and compare conditional variance properties of...

Analysis on the Management Mode of Virtual Currency under Complex Background

----Take Ethereum and Bitcoin as Examples

Ziyi Wang
The functions and models of virtual currency have evolved to meet the needs of users and consumers as Internet technology has advanced and political and economic structures in various nations have undergone ongoing change. Among them, Bitcoin and Ethereum are of considerable study importance because...

Linkage Analysis Between Bitcoin and Nasdaq Index Based on ARIMAX Model

Ruixin Hu, Xuecheng Wang
Bitcoin is currently the most widely used encryption currency in the world, and the Nasdaq Index, as the world's first stock market to use electronic trading, has a certain impact on the price of Bitcoin. Based on the Bitcoin closing price and Nasdaq index data from January 2020 to May 2022, this...

Smart Contract in Blockchain

Tian Mao, Junhua Chen
Smart contract is presented as a new infrastructure for programming, deployment and execution with the rapid pace of blockchain technology in recent years. The development of blockchain technology provides a good operational basis for smart contracts, which can play an important role on the blockchain....
Proceedings Article

IC card-based bitcoin payment design and implement

Weihong Wang, Peng Li
Bitcoin is a virtual currency based on the P2P network. Because of decentralization, anonymity, stability and other advantages, Bitcoin develops rapidly. In order to cope with increasingly wide application fields of bitcoin, this research designs bitcoin’s payment based on the IC card, which improves...

Research on Three types of Economic Crimes under Blockchain Technology and Countermeasures

Yiqun Yao, Jiaxuan Zhang, Wenqi Jing
Currently, technology is thriving, and blockchain technology, as an emerging technology, is flourishing, demonstrating an extremely important position in the field of computer innovation. Various industries, especially the finance industry, are currently more closely integrated with blockchain technology,...

Research on the Correlation Between Cryptocurrencies and Stock Index Returns

Chicheng Huang
In recent years, cryptocurrency has developed rapidly, and as a special financial product, its connection with traditional financial derivatives has naturally become one of the hot topics in current research. This study used Pearson correlation coefficient, rolling correlation, multiple regression model,...
Proceedings Article

Bitcoin Present Situation and Its Applied Research

Rong Zhao
The development and orientation of bit-coin is the forefront of currency issue for it is directly related to the currency position of bit-coin and affects the progress direction of the world economy. At present, there are serious differences in people’s discussion about the orientation of bit-coin, the...

Outlook of Digital Currencies and Future Restrictions on Cryptocurrencies

Qi Chen, Suyi Dong, Jinqiao Li
The concept of cryptocurrency first started to come into public awareness in 2009, when Bitcoin was released. Over the years, due to its secrecy and unregulated value, an immense amount of wealth was gathered in the market, leading to a series of problems. This article aimed to identify the potential...
Proceedings Article

Implementations of Deep Learning in Cryptocurrency Based on Comparisons of Various Scenarios

Zhanyu Li, Siwei Mao
As a matter of fact, the cryptocurrency market attracts plenty of investors on account of its ultra-high volatility. To realize accurate prediction of the price for cryptocurrency, lots of state-of-art machine learning scenarios are applied. With this in mind, this study explores deep learning’s role...

Research on Financial Innovation Strategy Based on Investment Theory in Digital Economy Era

Jiaqing Gu
By analysing the current situation of financial innovation in the era of digital economy, this paper gives the financial innovation strategy based on the principles of investment science from three aspects: investment in digital assets, investment in fintech enterprises, and innovation in digital financial...

Using Four Models to Predict Bitcoin Price in the COVID-19 Period

Chen Qiu
With the increasing influence of Bitcoin in the market, the prediction of Bitcoin price has also received a lot of attention. Accurately predicting Bitcoin prices is of great importance to both traders and investors. This research selects the Bitcoin price from 2020 to 2023 during the epidemic period...

Taxation of business income from the use of digital information and communication technologies

E.A. Smorodina, O.A. Boytush, M.I. Lvova
In this article, the subject of the study is the tax burden of organizations engaged in new activities using digital information and communication technologies. The purpose of the work is to determine the features of the crypto economy, which should be taken into account in the development of measures...

Predicting BTC and ETH Prices Using Time Series Models

Xinyi Wang
Cryptocurrencies are difficult to be replaced by traditional currencies due to their numerous advantages. The uncertainty of their fluctuations makes cryptocurrency prediction valuable yet challenging, and an effective prediction model can provide investors with many decision-making bases. In this study,...

Teaching and Practice of Information Security Conspectus Based on Case Teaching

Xin Liu
Information Security Conspectus is a comprehensive course of information security technology. In view of the following reasons, it is often difficult for teachers to achieve the ideal teaching effect, i.e., existing teaching textbooks cannot provide a rich “entry level” case, and the teaching content...
Proceedings Article

Tesla's Decisions on Bitcoin and Eco-Friendly Mining Cryptocurrency in Clean Energy Regime

Christella J. Theacornelia, Gabriella D. Priambodo, Andriko Sandria
The trend of cryptocurrency mining was increasing electrical energy consumption in the world which had an impact on the environment. Tesla, a United States automotive company, had policies that affect the dynamics of cryptocurrency exchange rates. This study aims to analyze Tesla's reasons for not...

Vulnerability of Cryptocurrency Markets: A Study of the Relationship Between High-Impact Users and Bitcoin Market Price Volatility

Kunpeng Xu, Feng Liu, Jiayin Qi
While the blockchain cryptocurrency market is becoming increasingly sought after, the vulnerability of the crypto market has also been brought to the attention of some academics. Based on cryptocurrency price data in TradingView database, this paper studies the effect of high-impact users’ comments on...
Proceedings Article

The Distinction and Controversy of Digital Currency in China

G. Zhu, X. J Wei
This paper pointed out the main difference between digital currency and the other two currencies, by clarifying and comparing the concepts of electronic money, virtual currency and digital currency. Starting from the basic characteristics of digital currency, two controversial issues were reviewed and...