Anton Badev, Matthew Chen " Bitcoin: Technical Background and Data Analysis ", In Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve As the authors Anton Badev and Matthew Chen find: In the past 24 months, the USD-BTC exchange rate increased more than 50-fold. We also document that the exchange rates between bitcoin and Anton Badev & Matthew Chen, 2014. "Bitcoin: Technical Background and Data Analysis," Finance and Economics Discussion Series 2014-104, Board of Governors of the Federal Reserve System (U.S.), revised 07 Oct 2014.Handle: RePEc:fip:fedgfe:2014-104 December 2014 Bitcoin: Technical Background and Data Analysis. Anton Badev and Matthew Chen. Abstract: This paper provides the necessary technical background to understand basic Bitcoin operations and documents a set of empirical regularities related to Bitcoin usage. Badev, Anton, and Matthew Chen (2014). " Bitcoin: Technical Background and Data Analysis ," Finance and Economics Discussion Series 2014-104. Board of Governors of the Federal Reserve System (U.S.).
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