Federal Reserve Bank of Philadelphia

06/09/2024 | Press release | Distributed by Public on 06/09/2024 17:48

Do Price Changes Affect Crypto Ownership

Since the early 2010s, the rise of so-called cryptocurrencies has received significant attention from financial market participants, policymakers, and academics. Cryptocurrencies are digital or virtual currencies (such as bitcoin, Ethererum, Litecoin, and many others) in which transactions are verified and records are maintained by a decentralized, distributed ledger system using cryptography, rather than by a centralized authority.