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The Volatility Patterns and Correlation of Cryptocurrencies: Overcoming the Bitcoin's primacy
Šembera, Tomáš ; Čech, František (advisor) ; Kočenda, Evžen (referee)
The thesis focuses at the evolution of cryptocurrencies or more precisely at the competition process between them in expanding to broader usage. The first main goal of the work is to find out, whether Bitcoin, as the first and still most capitalized cryptocurrency, has an advantage of higher maturity than alternative cryptocurrencies. The second goal is to analyze whether the individual cryptocurrencies are perceived individually by market participants, which could grant the alternative cryptocurrencies an option to compete with Bitcoin by offering better features as safer technology or faster transaction. The analysis of volatility patterns in their exchange rates via various GARCH models suggests that Bitcoin still has advantage in higher maturity. The analysis of the correlation between various alternative cryptocurrencies and Bitcoin finds positive correlation and thus suggests that the cryptocurrencies are rather perceived together. JEL Classification G17, G19, E40, E41 Keywords cryptocurrencies, volatility, GARCH, money, correlation Author's e-mail 79828843@fsv.cuni.cz Supervisor's e-mail frantisek.cech@fsv.cuni.cz
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Potential of cryptocurrencies in international trade
Plint, Sergey ; Hinčica, Vít (advisor) ; Jedlinský, Jakub (referee)
The aim of this bachelor's thesis is to assess the current development of cryptocurrencies, present information about their current state of development, introduce to four largest projects (Bitcoin, Ethereum, litecoin, Ripple) and to evaluate functioning of cryptocurrencies and blockchain technology in the context of start-ups and financial institutions. As a part of this work there is also provided an overview of legislation over cryptocurrencies globally, in the context of the European Union and the Czech Republic. Then there are also presented the actual use of technology, cutting-edge start-ups and their products. Finally the thesis evaluates the intersection of startups into different sectors and presents the views of experts working in various fields of economy.
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Business models on deep web
Soukup, Jan ; Šebesta, Michal (advisor) ; Bruckner, Tomáš (referee)
This diploma thesis analyzes the deep web environment with the use of business models from the surface web. In the indroduction part of the thesis summarize terms web, deep web and dark web, these terms are intermingle the entire thesis, also brings the concept on Onion routing with use of Tor software. An inseparable part is the comparsion of tools which can be used for access to the dark web. The main part of the thesis analyzes most used business models on the surface web including their methods of monetization and after that author tries to apply these models in the dark web environment. An importat part of this work is the analysis a type of services occuring on the dark web and mutual comparison of several sub-criteria of each service. In the final part the thesis presents project Turris on which is applied to create a relay node for the Tor network.
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Aspects of Organizational Integration Currency Bitcoin Payments
Pitrová, Marie ; Novák, Michal (advisor) ; Přibil, Jiří (referee)
The main objective of this diploma thesis is to introduce the history and origin of digital currency Bitcoin and how this project works specifically from the perspective of IT. The thesis contains detailed instructions for the process of implementation Bitcoin payments to the company. This diploma thesis describes the possibilities of abuse and security. Further compares advantages and disadvantages with the classical exchange resources. How is it possible to get this currency, use and how it developed its rate against other world currencies. The thesis also mentions similar cryptocurrencies.
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Analýza kryptoměn jako finančních instrumentů
Bartoš, Jakub ; Stroukal, Dominik (advisor) ; Chytilová, Helena (referee)
This paper analyzes cryptocurrencies as financial instruments. Firstly, we introduced the main features of cryptocurrencies and summarized the brief history. We found out that price of the most famous cryptocurrency Bitcoin follows the hypothesis of efficient markets and it immediately react on publicly announce information. Furthermore, Bitcoin can be seen as standard economic good that is priced by interaction of supply and demand on the market. These factors can be driven by macro financial development or by speculative investors, but there weren't found any significant impact of these factors on price of Bitcoin. CAPM shows the high risk of cryptocurrencies, but it could be still good instrument for diversification.
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