Since the popularisation of the Internet in the 1990s, the cyberspace has kept evolving. We
have created various computer-mediated virtual environments, including social networks …

Stablecoins have the potential to drastically increase competition and innovation in financial
services by reducing our reliance on traditional intermediaries. But they also introduce new …

Fintech and decentralized finance have penetrated all areas of the financial system and
have improved financial inclusion in the last decade. In this paper, we review the recent …

Bitcoin is designed as a peer-to-peer cash system. To work as a currency, it must be stable
or be backed by a government. In this paper, we show that the volatility of Bitcoin prices is …

The technologies underlying money and payment systems are evolving rapidly. Both the
emergence of distributed ledger technology (DLT) and rapid advances in traditional …

At present, the concept of metaverse has sparked widespread attention from the public to
major industries. With the rapid development of blockchain and Web3 technologies, the …

This paper investigates the volatility processes of stablecoins and their potential stochastic
interdependencies with Bitcoin volatility. We employ a novel approach to choose the optimal …

With the emergence of Bitcoin and recently proposed stablecoins from BigTechs, such as
Diem (formerly Libra), central banks face growing competition from private actors offering …

Terra, the third largest cryptocurrency ecosystem after Bitcoin and Ethereum, collapsed in
three days in May 2022 and wiped out $50 billion in valuation. At the center of the collapse …

Banks have come a long way since medieval times, enduring and surviving many crises.
The economic crisis induced by the Covid-19 pandemic may provoke another financial …