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Chetan Bhagat is a bestselling author and a popular newspaper columnist.
Bitcoin, the original cryptocurrency, the gold standard for all things crypto, crashed last week. Bitcoin prices fell a whopping 75% in the last year, or down to a fourth of its value. This, for something touted to be a better store of value than gold, US dollars or any other fiat currency or precious metal.
Other cryptocurrencies have done worse. Many are down 80-90% in a year, some completely wiped out. Most investors in crypto are now sitting on losses. FTX, one of the big crypto exchanges, where people come to trade and store their cryptocurrencies, also collapsed last week. This was due to massive alleged irregularities, including customer deposits being inappropriately used to buy and prop up the company’s own issued cryptocurrency, the FTT token.
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Views expressed above are the author’s own.
You don’t apologise, Mr Annamalai, instead let’s play Animal Farm
On the highway to ignominy: India’s implosion in T20 tournaments will continue unless team management admits some deep problems
The seven who should have remained behind bars: Releasing those convicted of assassinating Rajiv Gandhi is not justice. And Tamil politicians are plain wrong
Let’s be clear on quotas: EWS, like OBC, is about caste, not class. We should stop pretending reservations are about the poor
More judges please: Till collegium’s there GoI must clear names fast
What justice?: Acquittals by higher courts of several death-row convicts speak very poorly of the legal, police system
AAP’s bitter revdi? By championing freebies, Kejriwal may have eased BJP’s path to a comfortable win in Gujarat
Russia’s dangerous game: Moscow’s nuclear sabre-rattling confronts the West with tough choices
Doklam, Galwan … The threat across LAC hasn’t diminished one bit. India’s China policy must not soften
Making the generals sweat: Imran, politically stronger after the assassination attempt, has created more space for civilians in Pakistan
Interested in blogging for timesofindia.com? We will be happy to have you on board as a blogger, if you have the knack for writing. Just drop in a mail at toiblogs@timesinternet.in with a brief bio and we will get in touch with you.
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