# Prof. David Yermack on virtual currencies

1 Faculty News May 4, 2014 ![Boston Globe logo](/sites/default/files/styles/246w/public/assets/images/con_030922.jpg?itok=mRV2WGZx)>

Excerpt from [The Boston Globe](http://www.bostonglobe.com/ideas/2014/05/03/the-next-bitcoin-how-name-your-cryptocurrency/HXTCvgSyXTTuJUN1dslWcJ/story.html) -- "Cryptocurrencies—virtual tokens that are generated through complex mathematical computing feats and traded online—are at an inflection point. There are more than 200 currently ranked on the website Crypto-Currency Market Capitalizations, with some 10 to 20 new ones, [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack) of NYU’s Stern School of Business said, appearing every week."

[Read more](http://www.bostonglobe.com/ideas/2014/05/03/the-next-bitcoin-how-name-your-cryptocurrency/HXTCvgSyXTTuJUN1dslWcJ/story.html)