Unit 14 — Cryptocurrency

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This unit discusses cryptocurrency. What is it?Where did it come from? Why do we need it?
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Vocabulary Builder Activity

Students will learn the following key terms and phrases:

Altcoin Blockchain Cipher Consensus process Cryptocurrency Decentralized applications Double spend problem Fiat Fintech Fungible Lamborghini Mining Money laundering Mooning Paper wallet Private key Pump and dump Satoshi Shitcoin Stable coin The dark web
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Reading Activity: MegaHyperCoin, a Fintech Startup Short Story

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Daniel took a sip of his coffee, taking in a deep breath. The coffee felt cold and a bit too sweet. Convincing his old friend about the new investment was taking longer than he expected. He sighed, set his cup of coffee down on the table, and decided to give it one last try. "Look Martin, I know that you've heard stories about the dark web, pump and dump schemes, and money laundering. But, that's not…
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Reading Comprehension Quiz

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Multiple Choice Activity

Students will be able to select the best match between unit terms and their definitions.

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Listening Comprehension Activity

Students will be able to listen to short audio clips in English and then spell them correctly.

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Spelling and Recognition

Students will be able to identify and spell a vocabulary term correctly given only the definition.

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Speaking Practice Activity

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There is some debate over whether stablecoins are really backed by fiat and aren't just used to artificially pump other crypto prices.
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The satoshi value of altcoins may vary, but one Bitcoin is always worth 100,000,000 satoshis.
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The Bitcoin blockchain is maintained by a network of specialized computers designed for mining.
... and more sentences to practice.
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Writing Practice Activity

Improve your formal and informal writing skills with guided essay questions and professional correction.

  • Research some new cryptocurrency terminology not already found in this unit. Write some definitions and example sentences in the same style as those in the unit vocabulary sheet.
  • Do you think cryptocurrency will replace traditional fiat currency like the dollar or the euro? Why or why not? Pick three cryptocurrencies (besides Bitcoin) and write a few sentences about them. What purpose do they server? Are they viable in the long term? Why?
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