A beginner’s guide to crypto lingoBy Allison Morrow, CNN BusinessUpdated 1941 GMT (0341 HKT) April 26, 2021 ‘use strict’;CNN.Videx = CNN.Videx || {};CNN.Videx.mobile = {};CNN.INJECTOR.executeFeature(‘video’).then(function () {CNN.VideoPlayer.handleUnmutePlayer = function handleUnmutePlayer(containerId, dataObj) {‘use strict’;var playerInstance,playerPropertyObj,rememberTime,unmuteCTA,unmuteIdSelector = ‘unmute_’ + containerId,isPlayerMute;dataObj = dataObj || {};if (CNN.VideoPlayer.getLibraryName(containerId) === ‘fave’) {playerInstance = FAVE.player.getInstance(containerId) || null;} else {playerInstance = containerId && window.cnnVideoManager.getPlayerByContainer(containerId).videoInstance.cvp || null;}isPlayerMute = (typeof dataObj.muted === ‘boolean’) ? dataObj.muted : false;if (CNN.VideoPlayer.playerProperties && CNN.VideoPlayer.playerProperties[containerId]) {playerPropertyObj = CNN.VideoPlayer.playerProperties[containerId];}if (playerPropertyObj.mute && 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regulation.”},{“title”:”Dogecoin’s value has skyrocketed this year”,”duration”:”03:24″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/20/dogecoin-crypto-dogeday-value.cnnbusiness/index.xml”,”videoId”:”business/2021/04/20/dogecoin-crypto-dogeday-value.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210414121716-doge-coin-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/20/dogecoin-crypto-dogeday-value.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Dogecoin’s popularity has soared this year, buoyed in part by the adoption of bitcoin and other cryptocurrencies by business and mainstream investors.CNN’s Clare Sebastian reports.”,”descriptionText”:”Dogecoin’s popularity has soared this year, buoyed in part by the adoption of bitcoin and other cryptocurrencies by business and mainstream investors.CNN’s Clare Sebastian reports.”},{“title”:”Coinbase CFO: We’re an on-ramp to the crypto 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He weighs in on the pros and cons of investing in cryptocurrency.”,”descriptionText”:” Allianz Chief Economic Adviser Mohamed El Erian says rising government bonds yields have sent investors into bitcoin.
He weighs in on the pros and cons of investing in cryptocurrency.”},{“title”:”Ripple CEO: Crypto industry must address energy demand”,”duration”:”03:27″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/01/ripple-ceo-crypto-energy-environment.cnnbusiness/index.xml”,”videoId”:”business/2021/04/01/ripple-ceo-crypto-energy-environment.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210401140138-ripple-ceo-brad-garlinghouse-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/01/ripple-ceo-crypto-energy-environment.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Brad Garlinghouse, CEO of Ripple, says the environmental impact of digital transactions “could limit the success of these technologies.””,”descriptionText”:”Brad Garlinghouse, CEO of Ripple, says the environmental impact of digital transactions “could limit the success of these technologies.””},{“title”:”Why bitcoin could triple over next year”,”duration”:”02:10″,”sourceName”:”CNN Business”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/04/trendomatic/210219081655-02-bitcoin-file-large-169.jpg60885a2c8d4f8.jpg”,”videoUrl”:”/videos/business/2021/03/03/bitcoin-crypto-william-quigley-markets-now.cnn-business/video/playlists/business-digital-currency/”,”description”:”William Quigley, managing director of Magnetic, explains why he believes that bitcoin’s value can still rise dramatically into 2022.”,”descriptionText”:”William Quigley, managing director of Magnetic, explains why he believes that bitcoin’s value can still rise dramatically into 2022.”},{“title”:”Visa CEO: We see digital currency as a player in global commerce”,”duration”:”03:20″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/02/17/visa-ceo-digital-currency-transactions.cnnbusiness/index.xml”,”videoId”:”business/2021/02/17/visa-ceo-digital-currency-transactions.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210217144102-visa-ceo-al-kelly-large-169.jpg”,”videoUrl”:”/videos/business/2021/02/17/visa-ceo-digital-currency-transactions.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Al Kelly, CEO of Visa, discusses how Visa is working to create utility around cryptocurrency.”,”descriptionText”:”Al Kelly, CEO of Visa, discusses how Visa is working to create utility around cryptocurrency.”},{“title”:”Tesla invests $1.5 billion in bitcoin”,”duration”:”03:17″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/04/trendomatic/201202115204-bitcoin-large-169.jpg60885a2e0df49.jpg”,”videoUrl”:”/videos/business/2021/02/08/bitcoin-tesla.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars.CNN’s Paul R.
La Monica reports.”,”descriptionText”:”Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars.CNN’s Paul R.
La Monica reports.”},{“title”:”Scaramucci: Bitcoin is due for a correction”,”duration”:”01:02″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/12/16/bitcoin-anthony-scaramucci-markets-now.cnn-business/index.xml”,”videoId”:”business/2020/12/16/bitcoin-anthony-scaramucci-markets-now.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/201216123432-20201216-markets-now-10-large-169.jpg”,”videoUrl”:”/videos/business/2020/12/16/bitcoin-anthony-scaramucci-markets-now.cnn-business/video/playlists/business-digital-currency/”,”description”:”Just how far can Bitcoin prices rise? Anthony Scaramucci tells CNN’s Alison Kosik that Bitcoin’s best days are ahead, but the ride will be volatile.”,”descriptionText”:”Just how far can Bitcoin prices rise? Anthony Scaramucci tells CNN’s Alison Kosik that Bitcoin’s best days are ahead, but the ride will be volatile.”},{“title”:”PayPal CEO: Our move into cryptocurrencies is to bolster utility”,”duration”:”03:57″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/11/23/paypal-ceo-cryptocurrency-bitcoin.cnnbusiness/index.xml”,”videoId”:”business/2020/11/23/paypal-ceo-cryptocurrency-bitcoin.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/201123105600-paypal-cryptocurrency-large-169.jpg”,”videoUrl”:”/videos/business/2020/11/23/paypal-ceo-cryptocurrency-bitcoin.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Dan Schulman, President and CEO of PayPal, says the decision to accept digital currencies is to help shape the future of everyday commerce.”,”descriptionText”:”Dan Schulman, President and CEO of PayPal, says the decision to accept digital currencies is to help shape the future of everyday commerce.”},{“title”:”He says Facebook’s Libra is the future.Lawmakers aren’t so sure”,”duration”:”03:38″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/11/12/libra-calibra-david-marcus-facebook-risk-takers-orig.cnn/index.xml”,”videoId”:”business/2019/11/12/libra-calibra-david-marcus-facebook-risk-takers-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190923125500-20190919-rt-gfx-david-marcus-facebook-large-169.jpg”,”videoUrl”:”/videos/business/2019/11/12/libra-calibra-david-marcus-facebook-risk-takers-orig.cnn/video/playlists/business-digital-currency/”,”description”:”In the midst of intense regulatory scrutiny, is Facebook the right company to take cryptocurrency mainstream? Facebook executive David Marcus tells CNN Business’ Rachel Crane why the world needs Libra.”,”descriptionText”:”In the midst of intense regulatory scrutiny, is Facebook the right company to take cryptocurrency mainstream? Facebook executive David Marcus tells CNN Business’ Rachel Crane why the world needs Libra.”},{“title”:”Facebook unveils Libra, a new cryptocurrency.Here are the details”,”duration”:”02:08″,”sourceName”:”CNN”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/04/trendomatic/190618091058-facebook-libra-large-169.jpg60885a2f3b422.jpg”,”videoUrl”:”/videos/tech/2019/06/18/facebook-libra-cryptocurrency-sebastian-first-move.cnn/video/playlists/business-digital-currency/”,”description”:”Facebook formally unveiled its highly-anticipated digital currency project called Libra.CNN’s Clare Sebastian looks at what makes this different than other cryptocurrencies.”,”descriptionText”:”Facebook formally unveiled its highly-anticipated digital currency project called Libra.
CNN’s Clare Sebastian looks at what makes this different than other cryptocurrencies.”},{“title”:”Winklevoss twins call crypto the ‘ultimate social network'”,”duration”:”01:34″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190310213617-cameron-tyler-winklevoss-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”Cameron and Tyler Winklevoss sat down with CNN Business to discuss their crypto exchange, Gemini, and plans for their recently launched mobile app.”,”descriptionText”:”Cameron and Tyler Winklevoss sat down with CNN Business to discuss their crypto exchange, Gemini, and plans for their recently launched mobile app.”}],currentVideoCollectionId = ”,isLivePlayer = false,mediaMetadataCallbacks,mobilePinnedView = null,moveToNextTimeout,mutePlayerEnabled = false,nextVideoId = ”,nextVideoUrl = ”,turnOnFlashMessaging = false,videoPinner,videoEndSlateImpl;if (CNN.autoPlayVideoExist === false) {autoStartVideo = true;autoStartVideo = typeof CNN.isLoggedInVideoCheck === ‘function’ ? CNN.isLoggedInVideoCheck(autoStartVideo) : autoStartVideo;if (autoStartVideo === true) {if (turnOnFlashMessaging === true) {autoStartVideo = false;containerEl = jQuery(document.getElementById(configObj.markupId));CNN.VideoPlayer.showFlashSlate(containerEl);} else {CNN.autoPlayVideoExist = true;}}}configObj.autostart = CNN.Features.enableAutoplayBlock ? false : autoStartVideo;CNN.VideoPlayer.setPlayerProperties(configObj.markupId, autoStartVideo, isLivePlayer, isVideoReplayClicked, mutePlayerEnabled);CNN.VideoPlayer.setFirstVideoInCollection(currentVideoCollection, configObj.markupId);var videoHandler = {},isFeaturedVideoCollectionHandlerAvailable = (CNN !== undefined &&CNN.VIDEOCLIENT !== undefined &&CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler !== undefined);if (!isFeaturedVideoCollectionHandlerAvailable) {CNN.INJECTOR.executeFeature(‘videx’).done(function () {jQuery.ajax({dataType: ‘script’,cache: true,url: ‘//edition.i.cdn.cnn.com/.a/2.260.3/js/featured-video-collection-player.min.js’}).done(function () {initializeVideoAndCollection();}).fail(function () {throw ‘Unable to fetch /js/featured-video-collection-player.min.js’;});}).fail(function () {throw ‘Unable to fetch the videx bundle’;});}function initializeVideoAndCollection() {videoHandler = new CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler(configObj.markupId,”cn-featured-11j7ndu”,’js-video_description-featured-11j7ndu’,[{“title”:”Bitcoin has an energy problem”,”duration”:”03:10″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/14/bitcoin-energy-consumption.cnnbusiness/index.xml”,”videoId”:”business/2021/04/14/bitcoin-energy-consumption.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190207141811-01-bitcoin-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/14/bitcoin-energy-consumption.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”According to one estimate, the process of mining bitcoins and keeping the network running uses more energy than Belgium in a year.CNN’s Clare Sebastian reports on the network’s vast energy usage.”,”descriptionText”:”According to one estimate, the process of mining bitcoins and keeping the network running uses more energy than Belgium in a year.
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He weighs in on the pros and cons of investing in cryptocurrency.”},{“title”:”Ripple CEO: Crypto industry must address energy demand”,”duration”:”03:27″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/01/ripple-ceo-crypto-energy-environment.cnnbusiness/index.xml”,”videoId”:”business/2021/04/01/ripple-ceo-crypto-energy-environment.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210401140138-ripple-ceo-brad-garlinghouse-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/01/ripple-ceo-crypto-energy-environment.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Brad Garlinghouse, CEO of Ripple, says the environmental impact of digital transactions “could limit the success of these technologies.””,”descriptionText”:”Brad Garlinghouse, CEO of Ripple, says the environmental impact of digital transactions “could limit the success of these technologies.””},{“title”:”Why bitcoin could triple over next year”,”duration”:”02:10″,”sourceName”:”CNN Business”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/04/trendomatic/210219081655-02-bitcoin-file-large-169.jpg60885a2c8d4f8.jpg”,”videoUrl”:”/videos/business/2021/03/03/bitcoin-crypto-william-quigley-markets-now.cnn-business/video/playlists/business-digital-currency/”,”description”:”William Quigley, managing director of Magnetic, explains why he believes that bitcoin’s value can still rise dramatically into 2022.”,”descriptionText”:”William Quigley, managing director of Magnetic, explains why he believes that bitcoin’s value can still rise dramatically into 2022.”},{“title”:”Visa CEO: We see digital currency as a player in global commerce”,”duration”:”03:20″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/02/17/visa-ceo-digital-currency-transactions.cnnbusiness/index.xml”,”videoId”:”business/2021/02/17/visa-ceo-digital-currency-transactions.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210217144102-visa-ceo-al-kelly-large-169.jpg”,”videoUrl”:”/videos/business/2021/02/17/visa-ceo-digital-currency-transactions.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Al Kelly, CEO of Visa, discusses how Visa is working to create utility around cryptocurrency.”,”descriptionText”:”Al Kelly, CEO of Visa, discusses how Visa is working to create utility around cryptocurrency.”},{“title”:”Tesla invests $1.5 billion in bitcoin”,”duration”:”03:17″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/04/trendomatic/201202115204-bitcoin-large-169.jpg60885a2e0df49.jpg”,”videoUrl”:”/videos/business/2021/02/08/bitcoin-tesla.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars.CNN’s Paul R.La Monica reports.”,”descriptionText”:”Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars.CNN’s Paul R.La Monica reports.”},{“title”:”Scaramucci: Bitcoin is due for a correction”,”duration”:”01:02″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/12/16/bitcoin-anthony-scaramucci-markets-now.cnn-business/index.xml”,”videoId”:”business/2020/12/16/bitcoin-anthony-scaramucci-markets-now.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/201216123432-20201216-markets-now-10-large-169.jpg”,”videoUrl”:”/videos/business/2020/12/16/bitcoin-anthony-scaramucci-markets-now.cnn-business/video/playlists/business-digital-currency/”,”description”:”Just how far can Bitcoin prices rise? Anthony Scaramucci tells CNN’s Alison Kosik that Bitcoin’s best days are ahead, but the ride will be volatile.”,”descriptionText”:”Just how far can Bitcoin prices rise? Anthony Scaramucci tells CNN’s Alison Kosik that Bitcoin’s best days are ahead, but the ride will be volatile.”},{“title”:”PayPal CEO: Our move into cryptocurrencies is to bolster utility”,”duration”:”03:57″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/11/23/paypal-ceo-cryptocurrency-bitcoin.cnnbusiness/index.xml”,”videoId”:”business/2020/11/23/paypal-ceo-cryptocurrency-bitcoin.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/201123105600-paypal-cryptocurrency-large-169.jpg”,”videoUrl”:”/videos/business/2020/11/23/paypal-ceo-cryptocurrency-bitcoin.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Dan Schulman, President and CEO of PayPal, says the decision to accept digital currencies is to help shape the future of everyday commerce.”,”descriptionText”:”Dan Schulman, President and CEO of PayPal, says the decision to accept digital currencies is to help shape the future of everyday commerce.”},{“title”:”He says Facebook’s Libra is the future.Lawmakers aren’t so sure”,”duration”:”03:38″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/11/12/libra-calibra-david-marcus-facebook-risk-takers-orig.cnn/index.xml”,”videoId”:”business/2019/11/12/libra-calibra-david-marcus-facebook-risk-takers-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190923125500-20190919-rt-gfx-david-marcus-facebook-large-169.jpg”,”videoUrl”:”/videos/business/2019/11/12/libra-calibra-david-marcus-facebook-risk-takers-orig.cnn/video/playlists/business-digital-currency/”,”description”:”In the midst of intense regulatory scrutiny, is Facebook the right company to take cryptocurrency mainstream? Facebook executive David Marcus tells CNN Business’ Rachel Crane why the world needs Libra.”,”descriptionText”:”In the midst of intense regulatory scrutiny, is Facebook the right company to take cryptocurrency mainstream? Facebook executive David Marcus tells CNN Business’ Rachel Crane why the world needs Libra.”},{“title”:”Facebook unveils Libra, a new cryptocurrency.Here are the details”,”duration”:”02:08″,”sourceName”:”CNN”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/04/trendomatic/190618091058-facebook-libra-large-169.jpg60885a2f3b422.jpg”,”videoUrl”:”/videos/tech/2019/06/18/facebook-libra-cryptocurrency-sebastian-first-move.cnn/video/playlists/business-digital-currency/”,”description”:”Facebook formally unveiled its highly-anticipated digital currency project called Libra.CNN’s Clare Sebastian looks at what makes this different than other cryptocurrencies.”,”descriptionText”:”Facebook formally unveiled its highly-anticipated digital currency project called Libra.
CNN’s Clare Sebastian looks at what makes this different than other cryptocurrencies.”},{“title”:”Winklevoss twins call crypto the ‘ultimate social network'”,”duration”:”01:34″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190310213617-cameron-tyler-winklevoss-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”Cameron and Tyler Winklevoss sat down with CNN Business to discuss their crypto exchange, Gemini, and plans for their recently launched mobile app.”,”descriptionText”:”Cameron and Tyler Winklevoss sat down with CNN Business to discuss their crypto exchange, Gemini, and plans for their recently launched mobile app.”}],’js-video_headline-featured-11j7ndu’,”,”js-video_source-featured-11j7ndu”,true,true,’business-digital-currency’);if (typeof configObj.context !== ‘string’ || configObj.context.length <= 0) {configObj.context = 'investing'.replace(/[()-]/g, '');}configObj.videoCollection = 'business-digital-currency';CNN.VideoPlayer.getLibrary(configObj, videoHandler.getEventCallbackObject(), isLivePlayer, videoHandler.getMediaMetadataCallbacks());videoHandler.getCollectionCarouselElement().on('VIDEO_CAROUSEL_ITEM_CLICKED', CNN.VIDEOCLIENT.triggerSunrise);}});CNN.INJECTOR.scriptComplete('videodemanddust');JUST WATCHEDBitcoin has an energy problemReplayMore Videos ...MUST WATCH{"@context": "https://schema.org“,”@type”: “VideoObject”,”name”: “Bitcoin has an energy problem”,”description”: “According to one estimate, the process of mining bitcoins and keeping the network running uses more energy than Belgium in a year.CNN’s Clare Sebastian reports on the network’s vast energy usage.”,”thumbnailURL”: “https://crypto247.news/wp-content/uploads/2021/04/trendomatic/190207141811-01-bitcoin-file-exlarge-169.jpg”,”image”: “https://crypto247.news/wp-content/uploads/2021/04/trendomatic/190207141811-01-bitcoin-file-exlarge-169.jpg”,”duration”: “PT3M11S”,”uploadDate”: “2021-04-19T13:24:07Z”,”contentUrl”: “https://edition.cnn.com/videos/business/2021/04/14/bitcoin-energy-consumption.cnnbusiness”,”url”: “https://edition.cnn.com/videos/business/2021/04/14/bitcoin-energy-consumption.cnnbusiness”,”embedUrl”: “https://fave.api.cnn.io/v1/fav/?video=business/2021/04/14/bitcoin-energy-consumption.cnnbusiness&customer=cnn&edition=international&env=prod”} (15 Videos)Bitcoin has an energy problemConsenSys CEO: Crypto is crossing the chasm into popular cultureBinance.US wants to make crypto more accessibleDogecoin’s value has skyrocketed this yearCoinbase CFO: We’re an on-ramp to the crypto economyMohamed El-Erian’s take on crypto investingRipple CEO: Crypto industry must address energy demandWhy bitcoin could triple over next yearVisa CEO: We see digital currency as a player in global commerceTesla invests $1.5 billion in bitcoinScaramucci: Bitcoin is due for a correctionPayPal CEO: Our move into cryptocurrencies is to bolster utilityHe says Facebook’s Libra is the future.Lawmakers aren’t so sureFacebook unveils Libra, a new cryptocurrency.Here are the detailsWinklevoss twins call crypto the ‘ultimate social network’New York (CNN Business)Investing in cryptocurrencies requires an appetite for risk and a whole new vocabulary.Here’s a beginner’s guide to the fundamentals of crypto lingo.BitcoinBitcoin is a cryptocurrency created in 2009 by an unknown person (or people) using the alias Satoshi Nakamoto.Unlike traditional currencies such as the US dollar, bitcoin isn’t controlled by a bank or government.Bitcoin is by far the most valuable and popular cryptocurrency in use today.
BlockchainA blockchain is a digital ledger and the key technology underpinning most cryptocurrencies, non-fungible tokens (more on those later) and other unique digital items.Read MoreBlockchain can be used to store all kinds of information, but so far its most common use is in recording cryptocurrency transactions.Once a transaction is made, it’s entered on this public ledger, which is managed by a global peer-to-peer network — millions of computers, in bitcoin’s case.Blockchain is fundamental to bitcoin’s appeal: As a decentralized database, it can’t be controlled by any one person or group — unlike a fiat currency such as the US dollar, which is managed by a central bank.Buy the f****ing dip (BTFD)A rally cry for crypto bulls that urges investors to buy coins when prices drop.CoinbaseThe leading cryptocurrency exchange platform.
The company went public in April, an event that many viewed as a turning point in the story of cryptocurrencies’ journey into the mainstream marketplace.CryptocurrencyAn all-digital money system made up of “coins” or “tokens” that are controlled by a decentralized ledger.DogecoinThe oddball of the crypto family began as a joke based on the “doge” meme in 2013.But as cryptos have broadly gained mainstream interest, dogecoin has emerged as an unexpected heavy hitter.
It now has a market cap of more than $30 billion and it has surged more than 5,000% so far this year.And unlike its more popular brethren, a single dogecoin is still cheap — it hit an all-time high of about 45 cents in April.Whether or not its a smart investment remains an active question.Elon MuskTesla CEO whose tweets have been known to spark rallies in cryptocurrencies such as bitcoin and dogecoin.Ethereum An open-source blockchain-based software that controls the cryptocurrency Ether.It is the second-largest digital currency by market cap at nearly $300 billion.FUD (“fear, uncertainty, doubt”)In crypto parlance, FUD refers to negative information that weighs on an asset’s value.
HODLDepending on whom you ask, this is either a typo that stuck or an abbreviation of “hold on for dear life.” Bitcoin bulls often tweet “HODL” as a reaction to FUD.The typo lore dates to a 2013 post on the forum bitcointalk titled, “I AM HODLING.” In it, an apparently drunk bitcoin investor ranted about holding onto the crypto even as it fell drastically.
Memes were created, and the term became a shorthand for an investment strategy.MiningThe complicated process by which new bitcoins are entered into circulation.Mining is not for amateur enthusiasts: It requires high-powered computers that solve complex mathematical puzzles to create a new “block” on the blockchain.The mining process eats up a lot of computing power and electricity, which has led to concerns about bitcoin’s environmental impact.NFTNon-fungible tokens, or NFTs, are pieces of digital content linked to the Ethereum blockchain.”Non-fungible” essentially means one-of-a-kind, something that can’t be replaced, unlike, for example, a dollar bill that you can replace with any other dollar bill.In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets.
Satoshi Nakamoto The pseudonym that refers to the person (or people) who invented bitcoin.Their real identity remains unknown.Satoshis, aka “Sats”The smallest unit of bitcoin ever recorded on the blockchain, equal to one one-millionth of a bitcoin.WalletLike the physical thing you carry your cash and cards in, a wallet in the crypto world is a place to store digital currency.
The main thing you need to know about wallets is that you must never, ever lose or forget your password..
