This post is a summary of a paper that was selected for inclusion at the inaugural Digital Assets at Duke Conference at Duke University on January 20 and 21. The past year was not a good one for crypto, with Sam Bankman-Fried’s massive fraud through FTX/Alameda, Do Kwon’s failed algorithmic stablecoin experiment (Terra Luna), and… Read More »
On March 9, 2022, U.S. President Joe Biden issued a pivotal Executive Order “outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.” Meanwhile, the Securities and Exchange Commission (SEC) considers protecting “main street” investors to be at the heart of U.S. financial… Read More »
Blockchain has been one of the fastest-growing technologies in the last decade. While some of this impressive growth has been organic, mergers and acquisitions (M&A) have aided substantially, particularly in the last several years. The recent cryptocurrency report of PricewaterhouseCoopers emphasizes the extent of this contribution by documenting that “(t)he total value of crypto M&A… Read More »
Introduction With a market cap of over $1 trillion, cryptocurrencies have quickly gone from an obscure novelty to an alternative currency juggernaut. The recent collapse of FTX, related entities, and others in the crypto ecosystem has drawn heightened attention to this important technology. Cryptocurrencies are decentralized digital currencies; cryptocurrencies also rely on the blockchain, described… Read More »
Confront any crypto-enthusiast with statistics regarding the mammoth rise in crimes facilitated by cryptocurrencies, the response will almost always be: What About Fiat? Crimes Committed With Fiat are Far Worse Than Crime With Crypto. This newfangled retort of Whataboutism is a flawed pivot and anemic argument form. Yes, legions of criminals have committed crimes using… Read More »
How should courts approach dividing cryptocurrency and NFTs in a divorce? My recent article addresses this very question. The article carves out specific recommendations regarding NFTs, but for the purpose of this blog post, I will discuss cryptocurrency generally. Bitcoin reached a record high price of over $68,000 in November 2021. In the months that… Read More »
Financial inclusion indicates the extent to which individuals and businesses in a society can easily access and use appropriate, affordable, high quality, and timely financial services including banking, loan, equity, and insurance products. Incidentally, one of the global problems being tackled by the UN as part of the Sustainable Development Goals (SDGs) is financial inclusion.… Read More »
New Fintech and Insurtech services are popular with consumers as they offer convenience, new capabilities and in some cases lower prices. Consumers like these technologies but do they trust them? The role of consumer trust in the adoption of these new technologies is not entirely understood. From the consumer’s perspective, there are some concerns due… Read More »
The meteoric rise in popularity of cryptocurrency in the investment sphere has generated significant challenges for the legal system. Since 2020, courts have been absorbing the litigation resulting from cryptocurrencies’ reputation as the next “hot investment,” as well as dealing with the litigious fallout from the previous cryptocurrency meltdown in 2018. As such, disputes arising… Read More »
Does the increasing attention to cryptocurrencies divert investor attention away from the traditional equity market? In our recent paper, we study whether attention to cryptocurrency impacts information processing and price efficiency in the equity market. The cryptocurrency market has grown from $17 billion at the beginning of 2017 to $2.2 trillion at the end of… Read More »
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