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Cryptocurrency: What Voters Think Verified Voter Omnibus Survey N=1,001 Registered Voters Fielded June 18 - June 22, 2021 X1 More Voters Have Heard Of Cryptocurrency Than Not Q. Have you seen, read, or heard anything in the news lately about cryptocurrency? TOTAL Yes, a lot Yes, a little No Unsure YES Overall 15% 48% 33% 5% 63% 18-29 23% 44% 28% 5% 67% 30-39 25% 44% 28% 4% 69% 40-49 18% 42% 36% 4% 60% 50-64 8% 47% 39% 5% 55% 65+ 8% 58% 29% 5% 67% Men More Likely to be Following Crypto Closely Q. Have you seen, read, or heard anything in the news lately about cryptocurrency? TOTAL Yes, a lot Yes, a little No Unsure YES Overall 15% 48% 33% 5% 63% Male 21% 52% 24% 3% 73% Female 10% 44% 41% 6% 54% GOP 13% 51% 32% 4% 63% IND 16% 50% 31% 3% 66% DEM 16% 45% 35% 4% 61% Bitcoin Most Well Known, Followed by Dogecoin Q. Which of the following cryptocurrencies have you seen, read, or heard about? Select all that apply. Bitcoin 73% Dogecoin 33% Ethereum 13% Litecoin 8% USD Coin 5% Tether 4% Binance Coin 4% XRP 3% Polkadot 3% Safemoon 2% Cardano 2% Ethereum tops Dogecoin in Other market cap, but Dogecoin is more recognized. None of the above 22% Only A Fraction Of Electorate Has Invested In Crypto Q. Have you yourself ever invested in cryptocurrency? Yes, I am currently invested in cryptocurrency Yes, but I am not currently invested in cryptocurrency No, but I might one day No, I will never invest in cryptocurrency TOTAL Unsure YES Overall 8% 6% 25% 55% 6% 14% Heard 12% 6% 29% 49% 4% 18% crypto news Trump Voters 8% 4% 23% 60% 5% 12% Biden Voters 7% 8% 25% 53% 7% 15% Investing Is Especially Popular Among Younger Groups… Q. Have you yourself ever invested in cryptocurrency? Yes, I am currently invested in cryptocurrency Yes, but I am not currently invested in cryptocurrency No, but I might one day No, I will never invest in cryptocurrency TOTAL Unsure YES Overall 8% 6% 25% 55% 6% 14% 18-29 14% 15% 36% 29% 6% 29% 30-39 18% 10% 42% 22% 8% 28% 40-49 13% 8% 34% 39% 5% 21% 50-64 2%1% 14% 77% 6% 3% 65+ 1%1% 11% 81% 5% 2% …And Men, Blacks, and Hispanics Q. Have you yourself ever invested in cryptocurrency? Yes, I am currently invested in cryptocurrency Yes, but I am not currently invested in cryptocurrency No, but I might one day No, I will never invest in cryptocurrency TOTAL Unsure YES Overall 8% 6% 25% 55% 6% 14% White 7% 5% 25% 59% 5% 11% Black 15% 7% 26% 40% 11% 22% Hispanic 11% 8% 18% 54% 9% 19% Asian 5% 3% 37% 50% 5% 8% Male 10% 8% 25% 54% 3% 18% Female 6% 5% 25% 56% 9% 11% Less Than 20% Say Crypto Is A Good Way To Build Wealth Q. Do you think investing in cryptocurrency is a good way to build wealth? Yes Unsure No Overall 17% 39% 44% Heard of crypto 20% 36% 44% Have not heard of crypto 12% 45% 43% Trump Voters 13% 40% 47% Biden Voters 20% 38% 42% However, Younger Voters Are More Divided… Q. Do you think investing in cryptocurrency is a good way to build wealth? Yes Unsure No Overall 17% 39% 44% 18-29 39% 39% 22% 30-39 35% 28% 36% 40-49 21% 38% 41% 50-64 6% 43% 52% 65+ 1% 44% 56% …And So Are Black Voters Q. Do you think investing in cryptocurrency is a good way to build wealth? Yes Unsure No Overall 17% 39% 44% White 12% 39% 49% Black 42% 40% 18% Hispanic 17% 39% 44% AAPI 12% 49% 38% Male 16% 34% 51% Female 19% 43% 38% Your questions answered by real voters Beyond our own public releases, the Veriﬁed Voter Omnibus is a resource companies and organizations can use to answer mission-critical questions through add-on questions to the monthly survey. It's the perfect tool for tracking a few core questions over time or gathering that one bit of crucial public opinion data you need right now. By adding on to the Veriﬁed Voter Omnibus, you’ll receive: Hands-on assistance with drafting your questions Full topline and crosstabs with key political trends questions included A customized slide deck with your results Contact [email protected] for more information. .

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Is Bitcoin Really Untethered?

THE JOURNAL OF FINANCE • VOL. LXXV, NO. 4 • AUGUST 2020 Is Bitcoin Really Untethered? JOHN M. GRIFFIN and AMIN SHAMS∗ ABSTRACT This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. Using al- gorithms to analyze blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. The flow is attributable to one entity, clusters below round prices, induces asymmetric auto- correlations in Bitcoin, and suggests insufficient Tether reserves before month-ends. Rather than demand from cash investors, these patterns are most consistent with the supply-based hypothesis of unbacked digital money inflating cryptocurrency prices. INNOVATION, EXCESSIVE SPECULATION, AND DUBIOUS behavior are often closely linked. Periods of extreme price increases followed by implosion, commonly known as “bubbles,” are often associated with legitimate inventions, technolo- gies, or opportunities. However, they can be carried to excess. In particu- lar, financial bubbles often coincide with the belief that a rapid gain can be ∗John M. Griffin is at the McCombs School of Business, University of Texas at Austin. Amin Shams is at the Fisher College of Business, Ohio State University. Helpful comments were received from Stefan Nagel (the editor); an associate editor; two anonymous referees; Cesare Fracassi; Sam Kruger; Shaun MaGruder; Gregor Matvos; Nikolai Roussanov; Clemens Sialm; and seminar and conference
A Cryptocurrency Spectrum Short Analysis

Journal of Risk and Financial Management Review A Cryptocurrency Spectrum Short Analysis 1 2 3 Mircea Constantin S, cheau , Simona Liliana Crăciunescu , Iulia Brici and Monica Violeta Achim 3,* 1 Faculty of Automation, Computers and Electronics, University of Craiova, 200585 Craiova, Romania; [email protected] 2 Simona Liliana Crăciunescu, The Bucharest University of Economic Studies, 010374 Bucharest, Romania; [email protected] 3 Faculty of Economics and Business Administration, Babes, -Bolyai University, 400591 Cluj-Napoca, Romania; [email protected] * Correspondence: [email protected] Received: 30 June 2020; Accepted: 11 August 2020; Published: 17 August 2020 Abstract: Technological development brings about economic changes that affect most citizens, both in developed and undeveloped countries. The implementation of blockchain technologies that bring cryptocurrencies into the economy and everyday life also induce risks. Authorities are continuously concerned about ensuring balance, which is, among other things, a prudent attitude. Achieving this goal sometimes requires the development of standards and regulations applicable at the national or global level. This paper attempts to dive deeper into the worldwide operations, related to cryptocurrencies, as part of a general phenomenon, and also expose some of the intersections with cybercrime. Without impeding creativity, implementing suggested proposals must comply with the rules in effect and provide sufficient flexibility for adapting and integrating them. Different segments need to align or reposition, as alteration is only allowed in a positive way. Adopting cryptocurrency decisions should be unitary, based on standard policies. Keywords: cryptocurrencies; fraud; algorithms; correlations; impact; risks; regulation; blockchain 1. Introduction In the area of influence of computer science, the terms undergo rapid mutations, both in sense and interpretability.
Exploring the Interconnectedness of Cryptocurrencies Using Correlation Networks

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First Crypto Index in Hong Kong

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What Keeps Stablecoins Stable?

What Keeps Stablecoins Stable? Richard K. Lyons and Ganesh Viswanath-Natraj∗ First version: December 21, 2019 (posted SSRN) This version: May 3, 2020 Abstract We take this question to be isomorphic to, "What Keeps Fixed Exchange Rates Fixed?" and address it with analysis familiar in exchange-rate economics. Stablecoins solve the volatility problem by pegging to a national currency, typically the US dollar, and are used as vehicles for exchanging national currencies into non-stable cryptocurrencies, with some stablecoins having a ratio of trading volume to outstanding supply exceeding one daily. Using a rich dataset of signed trades and order books on multiple exchanges, we examine how peg-sustaining arbitrage stabilizes the price of the largest stablecoin, Tether. We find that stablecoin issuance, the closest analogue to central-bank intervention, plays only a limited role in stabilization, pointing instead to stabilizing forces on the demand side. Following Tether’s introduction to the Ethereum blockchain in 2019, we find increased investor access to arbitrage trades, and a decline in arbitrage spreads from 70 to 30 basis points. We also pin down which fundamentals drive the two-sided distribution of peg- price deviations: Premiums are due to stablecoins’ role as a safe haven, exhibiting, for example, premiums greater than 100 basis points during the COVID-19 crisis of March 2020; discounts derive from liquidity effects and collateral concerns. Keywords: Cryptocurrency, stablecoins, fixed exchange rates, monetary policy, intervention JEL Classifications: E5, F3, F4, G15, G18 ∗UC Berkeley Haas School of Business and NBER ([email protected]), and Warwick Business School ([email protected]), respectively.
From Tether to Libra: Stablecoins, Digital Currency and the Future of Money

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SBN 206441) CONSENSUS LAW 2 5245 Av

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Bitwise Asset Management, Inc., NYSE Arca, Inc., and Vedder Price P.C

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A Quantitative Analysis on Bitmex Perpetual Inverse Futures XBTUSD Contract

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A Global Overview of Regulatory Requirements in Asia Pacific, Europe, the Uae and the Us

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Investigating the Impact of Global Stablecoins

G7 Working Group on Stablecoins Investigating the impact of global stablecoins October 2019 Contents Executive summary ................................................................................................................................................................... ii 1. Introduction.............................................................................................................................................................. 1 1.1 The stablecoin ecosystem ......................................................................................................................... 2 1.2 Improving payment systems and services .......................................................................................... 3 2. Challenges and risks for public policy, oversight and regulation ....................................................... 5 2.1 Legal, regulatory, oversight and public policy issues regardless of scale .............................. 5 2.1.1 Legal certainty ....................................................................................................................................... 5 2.1.2 Sound governance .............................................................................................................................. 6 2.1.3 Financial integrity (AML/CFT) .......................................................................................................... 7 2.1.4 Safety, efficiency and integrity of payment systems ............................................................
Is Bitcoin Really Un-Tethered?

Is Bitcoin Really Un-Tethered? JOHN M. GRIFFIN and AMIN SHAMS* June 13, 2018 Abstract This paper investigates whether Tether, a digital currency pegged to U.S. dollars, influences Bitcoin and other cryptocurrency prices during the recent boom. Using algorithms to analyze the blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryp- tocurrencies. The flow clusters below round prices, induces asymmetric autocorrelations in Bitcoin, and suggests incomplete Tether backing before month-ends. These patterns cannot be explained by investor demand proxies but are most consistent with the supply-based hypothesis where Tether is used to provide price support and manipulate cryptocurrency prices. *Helpful comments were received from Cesare Fracassi, Sam Kruger, Clemens Sialm, Sheridan Titman, and semi- nar participants at The University of Texas-Austin and University of Zurich. Integra FEC purchased data and provided research assistant support for the project. Griffin is an owner of Integra FEC and Integra REC, both of which engage in financial consulting on a variety of issues related to financial fraud, including cryptocurrencies. We especially thank Tin Dinh for excellent conceptual assistance and Prateek Mahajan for research assistance. Griffin can be reached at john.griffi[email protected] and Shams at [email protected]. Innovation, excessive speculation, and dubious behavior are often closely linked. Periods of ex- tremely rapid price increases followed by implosion, commonly known as ’bubbles’, are often associated with legitimate inventions, technologies, or opportunities.