Crypto Coins on the Rise

around the world

All-digital money reaches new business milestones.

Coinbase workers celebrated in NYC.

It started with a crazy idea. What if there were money that existed only
online? No bank or country would control it. Instead, computers would
work to keep the money system safe. This big dream came true in 2008
with Bitcoin. After that, digital cash — called cryptocurrency — grew.
Now, there are several types of computer coins. They’ve been rocketing
to new records this week!
Bitcoin is still the most popular cryptocurrency. It reached an all-time
high on Wednesday morning. Just one Bitcoin was worth $64,841! Ether
is the second-largest digital currency. This week, it got to $2,400 for the
first time.

Even a joke cryptocurrency is seeing gains. Dogecoin started in 2013 to

make fun of crypto cash. Designs of Dogecoin show a gold coin with a
funny picture of a dog. The joke coins ended up being worth real money
though. On Tuesday, the value of one Dogecoin reached 11.5 cents. That
doesn’t sound like a lot. But altogether, Dogecoins were worth more
than $16 billion on Wednesday!

A big reason for these rises involves Coinbase. That business helps
people buy and sell cryptocurrency. On Wednesday, Coinbase joined
the stock market. People can now buy shares of the company. Experts
think those shares could sell for $250 each. If the shares reach that price,
Coinbase would be worth about $65 billion.

Coinbase is the first business of its kind to join the U.S. stock market.
This move may get more people to trust cryptocurrency. Then,
the digital money could grow even more. A lot of companies are already
on board. Carmaker Tesla and its leader, Elon Musk, have been
collecting Bitcoin. Some businesses, such as PayPal and Visa, take
cryptocurrencies. Even fast-food giants such as Burger King and Pizza
Hut accept the online money.
Can crypto coins keep climbing? Or will cold, hard cash stay in control?
Wallets will have to keep waiting to find out.

Updated April 14, 2021, 5:02 P.M. (ET)

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101 Ways to Be Smart About Money

ANSWER:

1- What if there were money that existed only online?

2- What is cryptocurrency?
3- Have you ever heard the word crypto coins ?
4- What do you know about bitcoin?
5- What others digital money do you know?
6- Would you like to invest your money in any kind of
cryptocurrency? Explain your reasons .
Questions

1What is Coinbase?

a type of money

a business to trade cryptocurrency

a stock market

a part of a company

2Use the Slide Show. Which cryptocurrency had the same value as
the U.S. dollar on Wednesday?

Bitcoin

Litecoin
Ether

Tether

3According to the story, what would make cryptocurrencies grow

more?

people trusting them

Elon Musk selling them

countries controlling them

creating more of them