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Glossary Crypto & Web3

Private key

The secret number that authorises spending from a crypto address. Anyone who has it controls the funds, and there is no institution able to reverse a transfer or reissue a lost key.

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Central bank

The institution that sets a currency's interest rates and oversees the banking system, such as the…

Short selling

Borrowing an asset, selling it, and hoping to buy it back cheaper. Losses are theoretically unlimited,…

Right of reply

Giving the subject of a critical story a fair chance to respond before publication, and reflecting…

Correction

A fall of roughly 10% from a recent high. Corrections are common and often brief, which…

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