I have a new paper out (ungated here) with Christian Catalini (or 'Dan' as we call him) that examines initial coin offerings (or ICOs). These are the big new thing in fund raising for ventures whereby startups issue tokens that are redeemable for services that they may provide or facilitate in the future. Here is John …
Competition amongst cryptocurrencies and exchanges
In one of the first of its kind, Neil Gandal and Hanna Halaburda have released a new Bank of Canada working paper exploring the relationships between exchange rates between the USD and various cryptocurrencies (including Bitcoin). Here is the abstract with their findings: We analyze how network effects affect competition in the nascent cryptocurrency market. …
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