BUS 8425 Digital Finance Project

 Task:​​Cryptocurrencies and block chain: An empirical analysis.Report Details​The aim of the report is to introduce studentstoFinTecha nd the applicationofblockchain technology in financial services.Learning Outcome Assessed:· Appraise financial technology (FinTech) applications· Evaluate the impact of blockchain technology in financeProject Requirements​PartA​:require sa detailed reportonthe curren tstateo fFinancial TechnologyUndertake a review of the current stateof FinancialTechnologyincludingthemajortrendsi ntypesofproductsandtechnologyused,especiallyblockchain.(​May50%-60% discussion of Mobile Payment) (Look at the slides provided)PartB​:should reportexplaining and interpreting your calculated figures,andExcelSheets.(Becauseofthewordlimit,don’thav etoomuchconceptual content, and focus on the interpretation and implication of the results)Trace the daily return movements of the followingcryptocurrencies over the sample period January 1, 2017 to June 30, 2020.Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC),DASHInstructions for Part B•Download the daily prices of the listed crypto currencies for the sample period(January1,2017toJune30,2020),and calculate the daily continuous returns using the Excel LN Function.•Calculatethesummarystatistics(mean,median,kurtosi sand skewness)and interpret th e figures.•  Calculate the correlation of daily returns and ​answer whether the valuesof the listed cryptocurrencies are jointly determined or not.(Correlationhigh or low)•â€‹Trace the daily return movements of the sampled cryptocurrencies using a line graph and examine the trend over the sample period.•â€‹Commen twhether the sampled crypto currencies are a good buy using the principles of technical analysis.