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: Compare digital currency ( def ), virtual currency ( def ).altcoin ( def ), bitcoin ( def 1 ).
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 Note

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.

Two 23-year-old Southern California men have been indicted on charges of defrauding investors out of more than $22 million in cryptocurrency, according to authorities.

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A meme coin is a cryptocurrency that is inspired by a celebrity, meme or internet trend.

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With these types of scams, fraudsters will promise you high returns on investments, particularly in emerging markets like cryptocurrencies.

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And his policies on everything from tariffs and immigrants to tax cuts and cryptocurrency may or may not affect how bumpy the ride will be.

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While the brothers were banned from leaving Romania, they invited models to meet with them to help promote their cryptocurrency coin.

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