(OK, crypto prices bounced back after El Savador, a Central American country whose name roughly translates into "The Savior," literally saved the crypto prices from a freefall after the country adopted it as a legal tender, the first country in the world to do so. The only stable and constant thing about crypto, it seems, is the unceasing, relentless, over-the-top techno babble that has been the norm in all crypto discussions. Did dozens of crypto firms - movers and shakers in the crypto universe - really make CEZA their base? There is another possibility, of course, that the CVA was truly a big hype and only online gaming thrived at the CEZA instead of the hoped-for crypto haven in the valley. After cases of crypto "pump and dump" - which means pumping the values of worthless crypto on social media, then dumping them after their listing to the anguish of small investors who bought into the pumping - were reported, a magazine writer called these worthless crypto tokens, "Shit Coins."

Source: Manila Times June 12, 2021 15:11 UTC