Cryptic Acronyms
BTC
What is Bitcoin?
Device or software that allows safe storage of cryptocurrency.
What is a digital wallet?
A legendary sea monster but also a cryptocurrency exchange and bank.
What is Kraken?
Also known as: all-or-nothing options, fixed return options (FROs), cash-or-nothing, asset-or-nothing
What are Binary Options?
This European city is home to the famous Guinness Brewery.
What is Dublin?
LTC
What is Litecoin?
Involves the purchase of cryptocoins and holding them in a wallet for a particular period of time
What is staking?
A unit of temperature but also a platform to invest in cryptocurrencies.
What is Celsius?
A way that cryptocurrency startups, and even established companies, can raise money.
What is an ICO/Initial Coin Offering?
Most downloaded app of 2020.
What is TikTok?
ETH
What is Ethereum?
Refers to exchanging one cryptocurrency you hold for the equivalent value of another cryptocurrency.
What is a swap?
How cool people say "Financial Technology".
What is Fintech?
A contract between a buyer and seller, stipulating that the seller will pay to the buyer the difference between the current value of an asset and its value at contract time.
What is a CFD/Contract for Difference?
He began his conquest of Asia in 1206.
Who is Genghis Khan?
ZEC
What is Zcash?
Technology of distributed ledger that cryptocurrencies are built on.
What is Blockchain?
When a zodiac sign meets an American currency.
What is Gemini Dollar?
If it doesn't guarantee financial gains or returns, it's Restricted, otherwise it's Prohibited.
What is investment advice?
Chinese New Year animal for 2021.
What is an Ox?
XRP
What is Ripple?
NFTs are NOT cryptocurrencies. It stands for Non-________ Token.
What is Fungible?
A crypto wallet that sounds like something sophisticated you'd wear to protect against COVID.
What is MetaMask?
In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of ____________.
What are tokens?
Vanilla comes from these flowers.
What are Orchids?