The money trail – The Hindu (Jan 02, 2018)

The money trail – The Hindu (Jan 02, 2018)

The Finance Ministry’s warning to potential investors in bitcoin and other cryptocurrencies has come at a time when a new, seemingly attractive investment area has opened up that few have enough information about. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-2 (To Improve English Vocabulary)

1. money trail (noun) – a series of financial transactions & exchanges revealed as evidence during the investigation of an individual/organisation (involving in illegal business).
2. cryptocurrency (noun) – a type of digital currency.
3. bitcoin (noun) – a type of digital currency (cryptocurrency).
4. shoot up (phrasal verb) – rise, go up, soar/surge (price/amount).
5. volatility (noun) – The state of being legally  responsible to change in a very sudden or extreme way.
6. speculation (noun) – investment with the expectation of gain (and also with the risk of loss).
7. lure (verb) – tempt, attract, induce.
8. prospect (noun) – hope, expectation, anticipation.
9. daunt (verb) – intimidate, shake up/unsettle,  discourage.
10. spurious (adjective) – bogus, fake, not genuine.
11. scrutiny (noun) – observation, examination, inspection/surveillance.
12. undermine (verb) – weaken, compromise, diminish/reduce.
13. anonymity (noun) – a condition of being unknown; no description.
14. blockchain technology (noun) – a technology by which a global network of computers  jointly manage the database that records Bitcoin (a type of digital currency) transactions.
15. proliferation (noun) – rapid increase in the number of/a large number of something.
16. anonymous (adjective) – unidentified, unknown, unspecified.
17. non-fiat currency (noun) – fiat currency is paper (notes) & coins established as money by government regulation. Others like commodity money, representative money (like cheque & others), electronic/digital money are non-fiat currencies.
18. immutable (adjective) – unchangeable, fixed, set, rigid.
19. streamline (verb) – make more effective & efficient; smooth run.
20. oversight (noun) – supervision, surveillance, inspection.
21. underscore (verb) – call attention to, emphasize, highlight.
22. caveat (noun) – warning/caution of provision, condition, clause.
23. caveat emptor (noun) – Latin phrase literally means “let the buyer beware”; a principle in which a buyer accepts the risk that a product may fail to meet expectations or have defects.

Note:   

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. Use it with the corresponding article published on the source (website) via the link provided. 

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