Unit 14: Cryptocurrency

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

Did you know? The following activities can be customized as desired by the teacher or school pedagogue.

Basic activities (computer-graded)

Vocabulary Builder Activity

Students will learn the following key terms and phrases:

Reading Activity: MegaHyperCoin, a Fintech Startup Short Story

Students will be able to correctly answer true/false questions after reading and listening to topical short articles and dialogs featuring topical vocabulary.

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… Continue

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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Advanced activities (optionally teacher-graded)

Speaking Practice Activity

Students will be able to speak and record 5 example sentences from the unit vocabulary and then submit them for grading by the classroom teacher. If no teacher is available or desired, then the students will be shown good examples of other students' work.

There is some debate over whether stablecoins are really backed by fiat and aren't just used to artificially pump other crypto prices.

The satoshi value of altcoins may vary, but one Bitcoin is always worth 100,000,000 satoshis.

The Bitcoin blockchain is maintained by a network of specialized computers designed for mining.

If someone knows your private key, they can fake your signature and steal your cryptocurrency.

Successful criminals need to be experts at money laundering and often make deals with "cash only" businesses or crooked banks to conceal the true source of their income.

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Writing Practice Activity

Students will write a short essay to be graded by the teacher. If no teacher is available or desired, then the student is shown previous examples of other writings by students.

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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