What is the Cryptocurrency vocabulary glossary?

Emancipation – freeing a minor from the control of parents and allowing them to live
his/her life under her own control. Emancipation may end the parent’s
responsibility due to debts, negligence or criminal acts. Disclosure – this relates to the making
available of relevant documents which you believe to be in the possession of
the other party. Directive – a form of secondary legislation that is produced by the European Union and is addressed to all member states. Derivative claim – A claim made by a shareholder or continued by a shareholder on behalf of the company in relation to the breach by a director. Defraud – to take something illegally from another person or to prevent someone from having something that is legally theirs by deceiving them.

Until now, central banks and regulators have published individual analyses and have occasionally taken disciplinary actions to protect consumers, but mostly did not interfere with innovation. The recent report by the group of central banks establishes the first coordinated position of officials since crypto-assets became trendy. This book is very useful for understanding the terms and vocabulary used in cryptocurrency. The book has helped me to understand trading online as I have become familiar with the language used in exchanges. Knowing these terms are very helpful for me and will be for anyone.

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All operating systems (Windows, Linux and macOS) use a hosts file as a first point of call to map a hostname (or URI) to an IP address. The duration (usually in days) that a vulnerability or infection remains undetected within a network or environment. It can also be defined as the time between detection and remediation, or even total time from infection to remediation.

Named after the trojan horse from Greek mythology, a trojan is a type of malware that is often disguised as legitimate software, which tricks a user into installing it. Trojans usually have a payload of other malware and some open a backdoor that allows an attacker access to the victim’s machine. Remote Procedure Call is a transport and application layer protocol that allows an application to request services https://www.tokenexus.com/ada/ from another application running on a separate networked device. Activities undertaken by an organisation to limit or stop an attack, often as part of incident response. Remediation includes blocking malicious IP addresses, removing infected files or devices and restoring affected systems to a known good state. FTP was developed at a time when security was not considered when designing protocols.

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Software that gathers information about a person or organisation without their knowledge. The information may be sent to a remote destination and is usually used for malicious purposes. Primarily a penetration testing Bitcoin Vocabulary tool, Shodan can easily be used by an attacker to find vulnerable devices for further exploitation. SIEM solutions are generally used to consolidate logs from multiple ICT assets and syslog servers into one system.

• Administrator – the person who is appointed to manage the affairs of a bankruptcy, or to manage the estate of someone who has died without leaving a will.
• The Cavendish Family Office is Mayfair-based and specifically services international clients and politically exposed persons from the Middle East, North Africa and the Far East.
• In fact, one stock exchange in Chicago has begun trading in Bitcoin futures contracts.
• Evasion of tax – to intentionally avoid paying taxes through fraudulent mean.
• Floating Charge – A charge held over general assets of a company.
• It’s an impossibly long number that’s practically impossible to guess.
• As the amounts of money at stake have soared, the world’s tax authorities have been playing catch-up.

Applications that perform this are known as executable compressors, runtime packers or software protectors. A method to scramble a message, file or other data and turn it into a secret code using an algorithm (complex mathematical formula). The code can only be read using a key or other piece of information (such as a password) which can decrypt the code. As multiple sources are involved this attack is much harder to block. An attack that uses unauthorised commands from trusted users in order to perform malicious actions on a targeted website.

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Negligence– is failure to take reasonable care to avoid loss or injury to another person. Misrepresentation – an untrue statement made by one
party to the other which induces them into a contract. Misfeasance – Breach of duty in relation to the funds or property of a company by its directors or managers. Member (of a company) – A person who has agreed to be, and is registered as, a member, such as a shareholder of a limited company. Magistrates Court – the lowest court in England and
Wales which generally deals with minor criminal cases.

• An allow list, known in some places as a whitelist, is the opposite of a deny list.
• Worms can be used to distribute and drop other malware such as ransomware.
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• This enables an attacker to access data stored in memory by pushing extra data into the stack, causing it to overflow.
• Since storage is online and accessed with passwords, hot wallets are a target for hackers.
• I have bitcoin and other than watching the value increase and decrease, I didn’t know much about it.
• Smart contract – A programme that executes itself on a blockchain when certain conditions are met, without the need for human intervention or an intermediary.

The vulnerabilities are exploited to download and execute malicious code on the victim’s machine. The aggregate of the different points where hackers could try to enter data or extract data from an environment. It applies to software, networks and humans, representing the sum of an organisation’s security risk exposure to hackers and internal users. A stealthy, sophisticated hacking attack against a specific network or system, usually intended to steal data or assets.

Arbitrator – an independent referee who can settle a dispute through alternative dispute resolution, without the need of a court. Allege – to claim a fact is true without or before proof is given. Actus Reus – the “guilty act”, the action or conduct of an individual which is an essential element of a crime (Latin phrase). We’re a law firm that has always built deep relationships with clients, creating true partnerships. Offering any number of experts while keeping things brilliantly one to one. Some popular altcoins include Ethereum, Ripple, Litecoin, and Cardano.

FOMO, an acronym for “Fear of Missing Out,” is a common emotion experienced in the crypto market. It refers to the anxiety people feel when they see others making profits or investing in a particular cryptocurrency and fear missing out on potential gains. An individual’s identification number assigned by a bank for validating card transactions. The Financial Information eXchange (FIX) is a communication protocol implemented in 1992 for the real-time exchange of transaction information.

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Futures contact – binding contract to buy or sell something in the future at a fixed price . Freehold – the description of an areas of land that only the owner has any legal
rights over. Free of encumbrances – no one else having any rights over something. If one person owns a
property and no other person has any rights over it then it is owned free of
encumbrances.

In this Business English News lesson we look at business English vocabulary related to cryptocurrency. XRP – XRP is a kind of cryptocurrency token that runs on the Ripple blockchain. Unregulated – Financial services in the UK are regulated, which means providers have to abide by strict rules designed to protect consumers’ interests. Crypto is unregulated in the UK, which means investors get no legal protection. Terahash (per second) – the rate at which a computer or network can guess one trillion hashes per second when mining cryptocurrency.