Meaning of cryptocurrency | Babel Free

Definitions

A digital currency based on a cryptographic system, usually having no central issuing or regulating authority.

countable, uncountable

Equivalents

Examples

“Bitcoin was the first decentralized cryptocurrency.”

“As secure Internet payment systems develop, of course, betting will become easier. And if some form of digital cash—crypto-currency that can be exchanged like cash via the Internet—really does take hold, betting will be even easier still.”

“Then there is bitcoin, the cryptocurrency that has been skyrocketing in value lately. Bitcoin is basically virtual cash — anonymous, untraceable currency stuffed into a mobile wallet.”

“As alleged in the Indictment filed on January 9, 2023, EISENBERG engaged in a scheme to fraudulently obtain approximately $110 million worth of cryptocurrency from the cryptocurrency exchange Mango Markets and its customers and achieved this objective by artificially manipulating the price of certain perpetual futures contracts.”

“The US chip-maker Nvidia has said cryptocurrencies do not “bring anything useful for society” despite the company’s powerful processors selling in huge quantities to the sector.”

“According to Recorded Future’s research, the regime considers cryptocurrency theft a significant revenue source, primarily funding military and weapons programs.”

CEFR level