cryptocurrency

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See also: crypto currency

English

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Alternative forms

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Etymology

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From crypto- +‎ currency.

Pronunciation

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Noun

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cryptocurrency (countable and uncountable, plural cryptocurrencies)

  1. A digital currency based on a cryptographic system, usually having no central issuing or regulating authority.
    Synonym: (informal) crypto
    Hypernyms: digital currency, cybercurrency; < currency
    Bitcoin was the first decentralized cryptocurrency.
    • 1995 July 26, Daniel Akst, “Info Highway May Convert Your PC Into a Gambling Mecca”, in Los Angeles Times‎[1]:
      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.
    • 2013 November 17, Nick Bilton, “Disruptions: A Digital Underworld Cloaked in Anonymity”, in New York Times‎[2]:
      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.
    • 2023 March 26, Alex Hern, quoting Michael Kagan, “Cryptocurrencies add nothing useful to society, says chip-maker Nvidia”, in The Guardian‎[3], →ISSN:
      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.
    • 2023 February 2, U.S. Attorney's Office, Southern District of New York, “Alleged Perpetrator Of $100 Million Crypto Market Manipulation Scheme To Make Initial Appearance In The Southern District Of New York”, in justice.gov‎[4], sourced from justice.gov:
      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.
    • 2023 November 30, Alessandro Mascellino, “North Korean Hackers Amass $3bn in Cryptocurrency Heists”, in (Please provide the book title or journal name):
      According to Recorded Future’s research, the regime considers cryptocurrency theft a significant revenue source, primarily funding military and weapons programs.

Derived terms

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See also

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Further reading

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