A total of 1.1 million bitcoin were stolen in the 2013-2017 period. Given the current price for Bitcoin exceeding $40,000, the corresponding monetary equivalent of losses is more than $44 billion highlighting the societal impact of this criminal activity.
The question arises how does the uncertainty in the Bitcoin market – measured by its volatility – respond to such cyberattacks.
A recently published research article from Dr. Klaus Grobys (University of Vaasa, Finland) in the well-known journal Quantitative Finance addresses this question. [Read more…] about Finnish study shows how the uncertainty in the Bitcoin market responds to cyberattacks
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