17 June, 2022
6 Min Read
What is the issue?
Bitcoin and other cryptocurrencies have been crashing since they hit an all-time high last year.
What is the current crypto crash?
Why are cryptocurrencies crashing?
[A stablecoin is a cryptocurrency pegged to be like the US dollar or Euro so that its price remains stable and less volatile. Crypto investors can get in and out of the fiat easily with no third party (a bank) to approve these transactions. Examples- Tether, USD Coin]
How do governments view cryptocurrencies?
However, India has tried to tax and regulate them heavily.
Will cryptocurrencies rise again?
Is it the End of the road for cryptocurrencies?
A cryptocurrency is a digital currency that uses cryptography for security and it is generally based on blockchain technology. A blockchain records the data across peer-to-peer networks.
Source: The Hindu
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