【Author】
Bonaparte, Yosef; Bernile, Gennaro
【Source】FINANCE RESEARCH LETTERS
【Abstract】We analyze the prospect of cryptocurrency regulation affects cryptocurrency prices, volatility and trading using the Google Trend technique to construct the Crypto Regulation Sentiment Index (CRSX) reflecting investors' attitude towards Crypto regulation. Our analysis encompasses over 75% of the crypto market's daily activity. We find CRSX has no statistically significant long-term impact on cryptocurrency prices, consistent with investors having overly positive attitudes towards crypto assets, making crypto a "Wall Street Darling". Nonetheless, CRSX has a large impact on cryptocurrency price volatility and trading volume. The effects of CSRX on crypto markets largely depends on the coin's key blockchain characteristics. [Bonaparte, Yosef] Univ Colorado Denver, Denver, CO USA; [Bernile, Gennaro] Univ Miami, Coral Gables, FL USA; [Bonaparte, Yosef] Univ Colorado, 1475 Lawrence St STE 4103, Denver, CO 80202 USA Children's Hospital Colorado; University of Colorado System; University of Colorado Anschutz Medical Campus; University of Colorado Denver; University of Miami; University of Colorado System; University of Colorado Denver Bonaparte, Y (通讯作者)，Univ Colorado, 1475 Lawrence St STE 4103, Denver, CO 80202 USA. yosef.bonaparte@ucdenver.edu 48 1 1 0 0 ACADEMIC PRESS INC ELSEVIER SCIENCE SAN DIEGO 525 B ST, STE 1900, SAN DIEGO, CA 92101-4495 USA 1544-6123 1544-6131 FINANC RES LETT Financ. Res. Lett. MAR 2023 52 103376 10.1016/j.frl.2022.103376 http://dx.doi.org/10.1016/j.frl.2022.103376 FEB 2023 10 Business, Finance Social Science Citation Index (SSCI) Business & Economics 9W0CL 2023-04-03 WOS:000948750200001
【Keywords】Consensus mechanism; Blockchain finance; Regulation sentiment; Proof of Work (POF); Proof-of-Stake (POS); Ethereum; Bitcoin
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