Leggi la lezione in inglese
quindi traduci nella tua lingua per verificare la tua comprensione.

I prezzi delle criptovalute scendono

Jul 13, 2022

Hi everyone. Oggi è luglio 13, 2022. Bene, probabilmente hai sentito parlare del calo del prezzo delle criptovalute. È iniziato all'inizio dell'anno e di recente ha preso una certa velocità. Bitcoin, per citare solo un esempio, has fallen from $68,000 to below $20,000.

I think that the most important English language lesson here is that we really need to stop referring to crypto assets like Bitcoin as “cryptocurrency”. Dopotutto, events like this recent drop in price demonstrate once again that there is no stability or store of value, in Bitcoin and other similar crypto tools. These are not cryptocurrencies, they are crypto assets.

Alright, let’s get to the vocabulary. Here are another few words in English that you will find helpful if you are going to read or talk about crypto assets and the recent drop in prices.  

Decentralized Finance: Decentralized finance refers to financial applications run by smart contracts on a blockchain, which do not rely on intermediaries such as brokerages, exchanges, or banks.

Così, here is an important note: Decentralized finance is often shortened and referred to simply as “DeFi”. Get itDecentralized Finance = DeFi. Practice that pronunciation: De Fi

Stablecoin: A stablecoin is a crypto asset that is ideally backed by a mix of one or more fiat currencies, such as the US dollar, or maybe mixed with other reasonably stable assets. Stablecoin.

Token: According to the brokerage firm CoinBase, “A token often refers to any cryptocurrency besides Bitcoin and Ethereum, even though they are also technically tokens. Because Bitcoin and Ethereum are by far the biggest two cryptocurrencies, it’s useful to have a word to describe the universe of other coins.”

Another word you might hear with virtually the same meaning is “altcoin.” A token.

Bene, the language used around the topic of crypto assets is varied and it is evolving. You will hear expressions like “crypto coin”, “stablecoin”, “cryptocurrency”, “crypto investment products”, “crypto tokens”, and so on, and so on.  In can get confusing. A good shortcut you can use is to just say “crypto”. Crypto is an umbrella expression that in some ways covers all of these concepts. Crypto.

Two other we used in this lesson are the verb “plummet”. To plummet means to fall suddenly, and far. Anche, the word “slump”. “To slump” is not as strong as “to plummet”, but which also means to fall, or to slow down. Slump can be used as a verb or a noun: “to slump”, “a slump”. Per esempio, “There has been a serious slump in the price of crypto assets recently.” Slump.

If you want to practice English vocabulary related to crypto assets, you could also review our podcast number 40, also on the topic of digital payments.

You can also contact me from the webpage if you are interested in taking private conversation classes with me. I will help you become fluent in discussing the economic news of the day in English. I currently have space for 2 new students, so if having weekly conversation classes about the economy interest you, you can visit the web page to learn more.

Soon to come too, is the video seminar “How to give great presentations in English”. This class will help you express yourself in English as best you can by applying all kinds of supplementary techniques that will boost your communication, without having to boost your vocabulary or grammar.

Remember these words from today’s lesson.

Decentralized Finance (DeFi) / Token / Stablecoin / Plummet / Plunge / Crypto / Crypto asset.

Bene. That’s it for now. I will be back next week with another English lesson for economists. See you then.


Further reading:

Definition of “Token”. https://www.coinbase.com/es/learn/crypto-basics/what-is-a-token

A brief history of Bitcoin crashes and bear markets: 2009–2022 https://cointelegraph.com/news/a-brief-history-of-bitcoin-crashes-and-bear-markets-2009-2022

DeFi risks and the decentralisation illusion https://www.bis.org/publ/qtrpdf/r_qt2112b.htm

Cosa ne pensi di questa lezione?
Hai domande o dubbi?
Facci sapere.

0 commenti

Invia un commento

L'indirizzo email non verrà pubblicato.

Gli ultimi podcast

Hiring Spree

Hiring Spree

What does ‘hiring spree’ mean? See how it is used in this headline:Good News on Jobs May Mean Bad News Later as Hiring Spree Defies Fed(nytimes.com: August 5, 2022)Hiring Spree: a sustained, energetic period of hiring a lot of people. Es un 'boom' de contrataciones....



In questa lezione di vocabolario inglese, imparerai un'espressione abbastanza nuova in inglese: 'amici-shoring'. Headline: Yellen says the U.S. and its allies should use 'friend-shoring' to give supply chains a boost Three words to highlight here: 'alleati', 'amici-shoring', and...

UN Population Projections

UN Population Projections

In this English lesson for economists, we’ll look at some population facts recently released by the United Nations. See video lesson: https://youtu.be/KoML3sTi1KM Hi everyone. Oggi è luglio 20, 2022. Bene, sometimes the planet feels like a pretty crowded place to be....



L'argomento di questa lezione di inglese per economisti è la dollarizzazione.   I tassi di inflazione sono aumentati in tutto il mondo, ma mentre alcuni paesi hanno a che fare con tassi di inflazione di 5 o 6 per cento all'anno, altri paesi stanno lottando con tassi di 5 o 6...

Il settore tecnologico indiano e l'impronta di carbonio

Il settore tecnologico indiano e l'impronta di carbonio

Questo è il numero della lezione 44, e l'argomento di oggi è l'impronta di carbonio e il settore tecnologico indiano. https://youtu.be/nxJMAv1Ye9E Quindi, dai un'occhiata a questo titolo, che è stato pubblicato sulla pagina web del Financial Times a giugno 12, 2022, e vedi quanto capisci: Il...

Food Insecurity

Food Insecurity

Dai un'occhiata a questo titolo, che è stato pubblicato dalle Nazioni Unite sulla loro pagina delle notizie delle Nazioni Unite a giugno 06, 2022. https://youtu.be/rPFHLFvn8tc Analizziamo questo titolo per vedere cosa significa, e vedere quale vocabolario può esserti utile da usare. La prima parola è...

Condividi questo