{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,8,29]],"date-time":"2024-08-29T12:31:52Z","timestamp":1724934712456},"reference-count":20,"publisher":"Tsinghua University Press","issue":"2","license":[{"start":{"date-parts":[[2020,4,27]],"date-time":"2020-04-27T00:00:00Z","timestamp":1587945600000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["IJCS"],"published-print":{"date-parts":[[2020,4,27]]},"abstract":"\nPurpose<\/jats:title>\nThe encrypted money market has attracted the attention of investors all over the world. Among the encrypted currency, bitcoin is undoubtedly the most popular. Because blockchain technology is the crucial support of bitcoin, exploring the relationship between bitcoin and the blockchain index is necessary.<\/jats:p>\n<\/jats:sec>\n\nDesign\/methodology\/approach<\/jats:title>\nThis paper uses the Granger causality test to explore the correlation between bitcoin and the blockchain index. Furthermore, their volatility is analyzed by a GARCH-class model.<\/jats:p>\n<\/jats:sec>\n\nFindings<\/jats:title>\nThe results show that no significant correlation exists between bitcoin and the blockchain index; external shocks aggravate the volatility of bitcoin and the blockchain index, and the volatility has a certain degree of sustainability; and blockchain index has obvious leverage, namely, its decline has a stronger impact.<\/jats:p>\n<\/jats:sec>\n\nOriginality\/value<\/jats:title>\nThe volatility of bitcoin and the blockchain index is crucial for investors.<\/jats:p>\n<\/jats:sec>","DOI":"10.1108\/ijcs-11-2019-0036","type":"journal-article","created":{"date-parts":[[2020,4,28]],"date-time":"2020-04-28T10:29:56Z","timestamp":1588069796000},"page":"103-115","source":"Crossref","is-referenced-by-count":5,"title":["The correlation and volatility between bitcoin and the blockchain index"],"prefix":"10.26599","volume":"4","author":[{"given":"Tuotuo","family":"Qi","sequence":"first","affiliation":[]},{"given":"Tianmei","family":"Wang","sequence":"additional","affiliation":[]},{"given":"Jianming","family":"Zhu","sequence":"additional","affiliation":[]},{"given":"Ruyu","family":"Bai","sequence":"additional","affiliation":[]}],"member":"11138","reference":[{"key":"ref10","author":"grinberg","year":"2011","journal-title":"Bitcoin An innovative alternative digital currency"},{"key":"ref11","doi-asserted-by":"publisher","DOI":"10.1016\/j.tele.2016.05.005"},{"key":"ref12","first-page":"1","article-title":"Survey on blockchain technology and its application prospect","volume":"44","author":"he","year":"2017","journal-title":"Computer Science"},{"key":"ref13","doi-asserted-by":"publisher","DOI":"10.1038\/srep03415"},{"key":"ref14","doi-asserted-by":"publisher","DOI":"10.1371\/journal.pone.0123923"},{"key":"ref15","first-page":"47","article-title":"Research on measurement of the input-output efficiency of listed companies in blockchain concept based on BCC-DEA","volume":"32","author":"li","year":"2018","journal-title":"China Business and Market"},{"key":"ref16","doi-asserted-by":"publisher","DOI":"10.1016\/j.econlet.2017.11.020"},{"key":"ref17","doi-asserted-by":"publisher","DOI":"10.1080\/10864415.2016.1061413"},{"key":"ref18","doi-asserted-by":"publisher","DOI":"10.1016\/j.econlet.2016.09.019"},{"key":"ref19","author":"van wijk","year":"0","journal-title":"What can be expected from the BitCoin[J]"},{"key":"ref4","doi-asserted-by":"publisher","DOI":"10.1016\/j.econlet.2015.02.029"},{"key":"ref3","doi-asserted-by":"publisher","DOI":"10.1007\/978-3-319-89824-7_37"},{"key":"ref6","author":"duan","year":"2019","journal-title":"Research on the influence of blockchain internet heat on its concept stocks volatility"},{"key":"ref5","doi-asserted-by":"publisher","DOI":"10.1080\/00036846.2015.1109038"},{"key":"ref8","doi-asserted-by":"publisher","DOI":"10.1016\/j.frl.2015.10.025"},{"key":"ref7","doi-asserted-by":"publisher","DOI":"10.1016\/j.frl.2015.10.008"},{"key":"ref2","first-page":"449","article-title":"What does bitcoin look like?","volume":"16","author":"bouoiyour","year":"2015","journal-title":"Annals of Economics and Finance"},{"key":"ref1","doi-asserted-by":"publisher","DOI":"10.1080\/13504851.2014.916379"},{"key":"ref9","author":"glaser","year":"2014","journal-title":"Bitcoin-asset or currency? revealing users' hidden intentions"},{"key":"ref20","first-page":"481","article-title":"Blockchain: the state of the art and future trends","volume":"42","author":"yuan","year":"2016","journal-title":"ACTA Automatica Sinica"}],"container-title":["International Journal of Crowd Science"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/IJCS-11-2019-0036\/full\/xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/IJCS-11-2019-0036\/full\/html","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,8,18]],"date-time":"2022-08-18T15:58:37Z","timestamp":1660838317000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/IJCS-11-2019-0036\/full\/html"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2020,4,27]]},"references-count":20,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2020,4,27]]}},"alternative-id":["10.1108\/IJCS-11-2019-0036"],"URL":"https:\/\/doi.org\/10.1108\/ijcs-11-2019-0036","relation":{},"ISSN":["2398-7294","2398-7294"],"issn-type":[{"value":"2398-7294","type":"print"},{"value":"2398-7294","type":"print"}],"subject":[],"published":{"date-parts":[[2020,4,27]]}}}