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cryptocurrency

Noun CEFR C2
ˈkɹɪp.toʊˌkɝ.ən.si

Definitions

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

countable, uncountable

Equivalents

23 more languages

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

C2
Mastery
This word is part of the CEFR C2 vocabulary — mastery level.
See all C2 English words →

See also

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