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Research review

State-Sponsored Bitcoin Burning: Forensics and Implications

State-Sponsored Bitcoin Burning: Forensics and Implications

The March 2025 Oosthoek et al. working paper from Delft University of Technology reveals how unauthorized OP_RETURN transactions burned over 7 BTC, linking the activity to Russian intelligence operations.

Power laws, Pareto distributions and Zipf's law

Power laws, Pareto distributions and Zipf's law

Full article summary: Newman, M.E.J., 2005. Power laws, Pareto distributions and Zipf's law. Contemporary Physics 46, 323-351. http://dx.doi.org/10.1080/00107510500052444

Challenging Bias in the ECB’s Bitcoin Analysis

Challenging Bias in the ECB’s Bitcoin Analysis

Our paper critiques the recent working paper by Bindseil and Schaff (2024), which presents a negative assessment of Bitcoin’s long-term viability, framing it as a speculative asset with limited intrinsic value and significant risks.

Integrating Bitcoin Mining with Renewable Energy: A Hedging Strategy for Electricity Price Volatility

Integrating Bitcoin Mining with Renewable Energy: A Hedging Strategy for Electricity Price Volatility

Full article summary: Bastian-Pinto, C.L., Araujo, F.V.d.S., Brandão, L.E., Gomes, L.L., 2021. Hedging renewable energy investments with Bitcoin mining. Renewable and Sustainable Energy Reviews 138, 110520.

Integrating Bitcoin Mining into Biorefineries: Enhancing Economic Viability and Sustainability

Integrating Bitcoin Mining into Biorefineries: Enhancing Economic Viability and Sustainability

Full article summary: Semaan, G., Wang, G., Vo, Q.S., Kumar, G., 2024. The potential relationship between biomass, biorefineries, and Bitcoin. Sustainability 16, 7919.

Virtual Currency, Tangible Return: Portfolio Diversification with Bitcoin

Virtual Currency, Tangible Return: Portfolio Diversification with Bitcoin

Full article summary: Brière, M., Oosterlinck, K., Szafarz, A., 2015. Virtual currency, tangible return: portfolio diversification with bitcoin. Journal of Asset Management 16, 365-373.

On the hedge and safe haven properties of Bitcoin: is it really more than a diversifier?

On the hedge and safe haven properties of Bitcoin: is it really more than a diversifier?

Full article summary: Bouri, E., Molnár, P., Azzi, G., Roubaud, D., Hagfors, L.I., 2017. On the hedge and safe haven properties of Bitcoin: is it really more than a diversifier? Finance Research Letters 20, 192-198.