Understanding crypto now - especially for skeptics - is important for a few reasons. The first is that crypto wealth and ideology is going to be a transformative force in our society in the coming years.

Shares of Paytm operator One97 Communications tanked over 25 per cent after RBI banned Paytm Payments Bank to onboard any new customer and ordered a forensic probe of its IT system.

Meta, the parent company behind Facebook and Instagram, is reportedly working on bringing non-fungible tokens (NFTs) to Instagram, according to its CEO Mark Zuckerberg.

On Saturday the Moscow Exchange said in a statement that the central bank had issued a permit allowing additional operations from March 21 to April 1.

Regulations in India around cryptocurrency and the plan to launch a central bank digital currency will only help the sector in the long run, Lyu told

Stablecoins, simply put, are cryptocurrencies with very little volatility and stability in prices, as they are backed by cash and cash assets, keeping their prices predictable with minimal risks.

Tokens, in crypto speak, are units of value stored on a blockchain. Cryptocurrencies like bitcoin, ether and dogecoin are tokens, but not all tokens are meant to be used as money. Tokens can be attached to tangible goods - Nike, for example, is experimenting with crypto tokens that are linked to the ownership of physical shoes - but they can also represent intangible goods, like access to a private chatroom or storage space on a cloud server.

With Fed’s tapering of bond purchase now coming to its end and with enhanced clarity on the roadmap of policy rate hikes, the extravagant volatility is likely to moderate. Further, given India’s structural appeal among emerging markets and that some part of Russian allocations in foreign portfolios could find their way to India, FPIs may be poised to make a comeback sooner than later.

"India has been a beneficiary of low energy prices, subdued inflation and low interest rates. That could change going ahead, with rising crude prices, which could lead to higher inflation and higher interest rates."

David Einhorn is well-known in financial markets as an activist investor and eminent short-seller. He has long been considered one of the most successful and closely followed hedge fund managers in the financial industry. He is famous for betting correctly with a short position in Lehman Brothers before it collapsed during the financial crisis.