{"id":30726,"date":"2022-11-19T10:12:04","date_gmt":"2022-11-19T04:42:04","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=30726"},"modified":"2025-04-15T22:46:47","modified_gmt":"2025-04-15T17:16:47","slug":"ftx","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/ftx\/","title":{"rendered":"FTX"},"content":{"rendered":"<h2><strong>About FTX:\u00a0<\/strong><\/h2>\n<ul>\n<li>FTX is short for &#8220;Futures Exchange\u201d.<\/li>\n<li>FTX is one of the biggest exchanges where trading those digital assets took place, and was touted by regulators and market watchers as one of the most transparent crypto operations.<\/li>\n<li>A crypto exchange is in the business of helping customers buy and sell cryptocurrencies.<\/li>\n<\/ul>\n<h3><strong>Cryptocurrencies:<\/strong><\/h3>\n<ul>\n<li>A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.<\/li>\n<li>Many cryptocurrencies are decentralized networks based on blockchain technology &#8211; a distributed ledger enforced by a disparate network of computers.<\/li>\n<li>A distributed ledger is a database that is consensually shared and synchronized across multiple sites, institutions, or geographies, accessible by multiple people.<\/li>\n<li>It allows transactions to have public &#8220;witnesses&#8221;.<\/li>\n<li>Any changes or additions made to the ledger are reflected and copied to all participants in a matter of seconds or minutes.<\/li>\n<li>A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source <\/strong><strong>:\u00a0<\/strong><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-sci-tech\/whats-next-in-ftx-bankruptcy-8276678\/\" target=\"_blank\" rel=\"nofollow noopener\">Indian Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX is a cryptocurrency exchange platform that offers innovative trading products and features.<\/p>\n","protected":false},"author":5,"featured_media":30727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-30726","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/30726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=30726"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/30726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/30727"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=30726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=30726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=30726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}