cryptocurrency

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Related to crypto: cryptography, cryptosporidium

cryptocurrency:

see virtual currencyvirtual currency,
a means of payment that is electronically created and stored, more specifically an unregulated electronic medium of exchange that operates like a currency but is created and controlled by computer software; also called digital currency.
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cryptocurrency

(CRYPTOgraphic CURRENCY) A digital currency that resides in a decentralized public ledger known as the "blockchain." Cryptocurrencies are not maintained or governed by any bank, financial institution or nation. They are a global entity, and in 2009, Bitcoin was the first. Since then, well more than a thousand others have been introduced with names such as Litecoin, Namecoin, Peercoin, Mastercoin, BlackCoin and Dodgecoin. However, some digital currencies are nothing more than scams that take advantage of the latest craze. As of 2019, after the U.S. and Japan, South Korea does the most Bitcoin trading. See Bitcoin, Ethereum, Litecoin, Ripple and blockchain.

What's Cryptic About It?
The transaction of sending money from one party to another is encrypted via public key cryptography. Thus, the identity of the sender is kept secret much like paying for merchandise with cash in the physical world. See public key cryptography.

Based on Demand
Except for Sharia-conforming OneGram, which is backed by physical gold, the value of a coin of cryptocurrency is based on the market like a share of stock, and its value fluctuates wildly. For example, once worth a few cents, a single Bitcoin has jumped to thousands of dollars. Cryptocurrency traders hope to make fortunes with this phenomenon, which has gathered immense steam in the 2010s.


Real-Time Crypto Updates
For the latest cryptocurrency updates, go to www.cryptocompare.com. The green Bitcoin and Ethereum Classic prices show the last quote was an uptick. As of this example (August 2018), there were nearly 2,000 coins in the list.
References in periodicals archive ?
Darius Sit, Managing Partner at Singaporebased crypto trading firm, QCP Capital, said, "Having access to an institutional exchange where the lending supply and borrow demand is organized centrally and highly transparent in terms of being able to see the rates across different crypto assets and terms is something that the market most definitely should benefit from."
Stay connected to Crypto Boxers at http://cryptoboxers.io/ and on Facebook | Instagram | Twitter | Telegram.
"These products will continue to thrive in the coming years to potentially become the most valuable niche of the crypto ecosystem, replicating what happened in the traditional markets.
Facebook entrance into the crypto market dilutes this cautionary warning and potentially introduces the crypto world to Wanjiku, who happens to be just one of the 2.5 billion global citizens under the Facebook domain.
Browser-based crypto jacking presents the state-of-the-art cryptoviral attacks and its adoption in cybercrime is ever increasing.
Kaspersky Lab Blockchain Security services also include Phishing Protection to provide alerts when phony copies of crypto exchanges and ICOs are generated, Incident Response service and Cybersecurity awareness training to improve the overall level of cybersecurity hygiene so that a company will not fall victim of social engineering attacks.
Alexey Sidorowich, Head of Sales and Business Development from Merkeleon, an Austrian-based crypto software provider, says: "As a crypto exchange, processing and wallets software provider, we see our mission in delivering customers secure and trustworthy products they can rely on.
A crypto asset exchange is a multilateral digital system, operated by a person authorised to operate a crypto asset business in the ADGM or a recognised investment exchange (whose recognition includes a stipulation permitting it to do so).
Xolane said he recognises the vast opportunities and gaps to fill in the crypto space and has significantly invested in startups like Crypto Magazine, NPXS Pundit X and Holochain with the hope that financial analysts did analysis, his investment in blockchain and crypto technology in the next five years will grant him his first billion.
During the first half of 2018, unauthorized crypto mining attacks were nearly 1000% higher than in the second half of 2017, according to a report by cyber security company Trend Micro.
Insurance Journal: Talk about the crypto market and what insurance professionals should know about it?
Middletown, NJ, September 20, 2018 --(PR.com)-- Lamborghinis are the car of choice for Crypto Currencies enthusiasts but now, a puppy is the pet of choice with Crypto Currencies enthusiasts.