CRYPTOCURRENCY Definition & Meaning

cryptocurrency

[krip-toh-kur-uhn-see, -kuhr-]

Phonetic (Standard)IPA

noun

currency that exists only in electronic form, operates on a decentralized system of exchange, and uses advanced cryptography for security, or any individual currency of this type.
Some expect cryptocurrency to become the dominant means of financing trade between markets.
This particular cryptocurrency has a huge following among retail traders.

adjective

being or relating to virtual currency that uses advanced cryptography for security.
They are one of the largest cryptocurrency exchanges on the internet.
She got caught running a cryptocurrency scam.

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Usage

What's the difference between cryptocurrency, virtual currency, and digital currency? See digital currency ( def. ).

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51�Թ� History and Origins

Origin of cryptocurrency¹

First recorded in 2005–10; crypto- + currency

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Example Sentences

Examples have not been reviewed.

Noah Smith, writer of the Noahpinion Substack, said Trump's highly lucrative foray into cryptocurrencies - as unseemly as it has been - may have freed him from depending on Musk to carry out his will.

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David Sacks, who Trump named as his top advisor on artificial intelligence and cryptocurrency, is close to Musk, having worked with the tycoon decades ago at PayPal.

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On Thursday, Lurie announced on social media that cryptocurrency exchange Coinbase is opening an office in San Francisco after leaving the city four years ago.

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Earlier this month, MPs in a Treasury Select Committee instead urged the government to regulate cryptocurrency as it does gambling, saying that the assets risked customers losing their entire investment, as gambling does.

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He took payment for the drugs by bank transfer, bitcoin and other cryptocurrency from customers around the world, including as far away as New Zealand.

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cryptocrystalline crypto-fascism

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