Market Manipulation of Bitcoin: Evidence from Mining the Mt. Gox Transaction Network.

摘要: The cryptocurrency market is a very huge without effective supervision. It of great importance for investors and regulators to recognize whether there are manipulation its patterns. This paper proposes an approach mine the transaction networks exchanges answering this http URL taking leaked history Mt. Gox Bitcoin exchange as sample,we first divide accounts into three categories according characteristic then construct graphs. Many observations findings obtained via analyzing constructed To evaluate influence accounts' behavior on price,the graphs reconstructed series reshaped matrices. By using singular value decomposition (SVD) matrices, we identify many base which have correlation with price fluctuation. When further most important in networks, plenty patterns found. According these findings, conclude that was serious must strengthen