Tales From The Money Crypt
The Times of India Hyderabad|November 16, 2022
Crypto exchange FT-X’s implosion shows a bear market is the only cure for silly financial greed
Shankar Sharma
Tales From The Money Crypt

Ok, so first up, congratulations are in order to folks who gave the name cryptocurrency. Crypt means an underground burial chamber, and crypts have been as central to Hollywood horror movies as a white saree raindance has been to Ramsey Brothers’ Bollywood horror movies.

The slight difference, in the context of imploded FTX, is that crypto exchanges are being buried right up, on terra firma, in full view.

So, what is a crypto currency?

● It’s an encrypted data string that denotes a unit of currency.

● It is monitored by a peer-to-peer network of specialised computers called a blockchain (which also means nobody’s in charge ultimately).

● The blockchain also serves as a secure ledger of transactions, eg, buying, selling, and transferring.

● Unlike physical money, cryptocurrencies are “mined”, ie, created by computer jocks in places with plentiful electric supply. Including, get ready for this, Siberia.

● Bitcoin, Ether, etc are popular cryptocurrencies.

These cryptocurrencies are tradedon various exchanges. Based on some recent history, these exchanges have a strange habit of “exchanging” users’ hard money for soft rubbish, ie, “Your transfer is in process. Please check back in a week” kind of stuff.

Diese Geschichte stammt aus der November 16, 2022-Ausgabe von The Times of India Hyderabad.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 16, 2022-Ausgabe von The Times of India Hyderabad.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE TIMES OF INDIA HYDERABADAlle anzeigen
Tollywood was happy hunting turf for conman
The Times of India Hyderabad

Tollywood was happy hunting turf for conman

Kept Database Of Mobile Nos. Of Film Celebs

time-read
1 min  |
November 28, 2022
State-funded Metro to chug into RGIA in 3 yrs
The Times of India Hyderabad

State-funded Metro to chug into RGIA in 3 yrs

Residents’ Plea To KTR To Extend Other Rail Lines

time-read
1 min  |
November 28, 2022
Rajiv Makhni becomes the face of smart tech luggage with proximity indicator
The Times of India Hyderabad

Rajiv Makhni becomes the face of smart tech luggage with proximity indicator

The VIP SmarTech series, a range of smart travel gear, keeps you connected with your luggage via your smartphone

time-read
2 Minuten  |
November 28, 2022
I want to reach out to Samantha and tell her that if I can make it, so can you, says Vikram Bhatt
The Times of India Hyderabad

I want to reach out to Samantha and tell her that if I can make it, so can you, says Vikram Bhatt

The filmmaker opens up about his 18-year-long battle with fibromyalgia, a chronic disorder that causes widespread muscle pain

time-read
2 Minuten  |
November 28, 2022
Rain ruins second ODI
The Times of India Hyderabad

Rain ruins second ODI

The match was reduced to 29-overs-a-side as the first interruption caused a four-hour break. India were 22 for no loss in the fifth over at that time.

time-read
1 min  |
November 28, 2022
Croatia come in hard, show Canada the exit
The Times of India Hyderabad

Croatia come in hard, show Canada the exit

After their dour opening draw with Morocco had instigated a post-mortem into whether this Croatia side lacked a killer instinct, Kramaric and Marko Livaja found the net before the break to take the wind out of Canada’s sails.

time-read
2 Minuten  |
November 28, 2022
Denmark calls on Euro 2020, Eriksen experience
The Times of India Hyderabad

Denmark calls on Euro 2020, Eriksen experience

Denmark has been here before.

time-read
1 min  |
November 28, 2022
Ronaldo targets KO berth
The Times of India Hyderabad

Ronaldo targets KO berth

Win Vs Uruguay Will Help Portugal Advance With A Game To Spare

time-read
2 Minuten  |
November 28, 2022
Govt doubles large aircraft wet lease period to 1 yr
The Times of India Hyderabad

Govt doubles large aircraft wet lease period to 1 yr

Accordingly, IndiGo can now wet lease two twin aisles to operate flights between Delhi/Mumbai and Istanbul for a year.

time-read
1 min  |
November 28, 2022
Deuba's party emerges as single largest party in poll
The Times of India Hyderabad

Deuba's party emerges as single largest party in poll

Elections to the House of Representatives and seven provincial assemblies were held on November 20.

time-read
1 min  |
November 28, 2022