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Decrypting cryptocurrencies

02 Apr Decrypting cryptocurrencies

Posted at 17:42h in Cryptocurrency News by

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by The Henryk Niewodniczanski Institute of Nuclear Physics Polish Academy of Sciences

cryptocurrency
Credit: CC0 Public Domain

Cryptocurrencies have been treated as a financial terra incognita—they have enjoyed growing interest but also raised concerns due to their virtuality. The use of statistical methods utilizing correlation matrices to analyze the hundred most-traded virtual currencies shows that the cryptocurrency market in the last two years is less and less different from the mature global currency market (Forex) and becomes independent of it. It means cryptocurrencies can be considered a serious and full-fledged financial instrument.


The concept of cryptocurrency has settled in general public for some time. This financial instrument has both enthusiastic…

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