From the reading “Bitcoin” do the next activities.

A. What do you know about bitcoin? (0.10 point)

Bitcoin is a completely digital currency. It is an online version of traditional coins or bills and can be
used to purchase products and services.
B. Match the words on the left with their definitions on the right. (0.80 point)

1. a cryptocurrency a. a digital form of money produced by a public company

2. money laundering b. a record of money received and paid

3. a seizure c. a situation where there is more effort to punish people

for a specific crime

4. conceal d. attracting a lot of attention in the media

5. high-profile e. moving and transferring illegal money to make it seem

legal

6. a ledger f. taking something using legal authority

7. reconstruct g. to build or create something again

8. a crackdown h. to keep something secret

C. Choose the correct option. (0.30 point)

1. What is the estimated value of bitcoin connected with illegal activity?

a. $5 billion b. $36 billion c. $72 billion

2. According to the article, how many bitcoin transactions are connected with illegal activity?

a. almost a third
b. almost a quarter
c. almost half

3. Why is bitcoin so popular with criminals?

a. They can hide their real identities.

b. It’s easy to make a lot of money illegally.
c. They prefer to use the internet to make payments.
 D. Find a word or phrase in the text which means (0.70
point)

1. a big part of the value of (sth) (phrase, P.3): cryptocurrency

2. connected to (phrase, P.4): illegal activities

3. carry out (sth) (verb, P.6): transactions

4. the first stage of a process (three-wordnoun, P.9): high-profile bitcoin seizures

5. hidden (verb - past participle form, P.10): individual identities

6. appearance or arrival of (sth) (noun, P.12): alternative cryptocurrencies

7. results of an action (noun - plural, P.15): ethical implications

E. Adverbs (0.50 point)

Complete the sentences with the adverbs below. collectively completely potentially primarily
worryingly

1. Transactions with bitcoin are never completely anonymous.

2. Worryingly , the price of the company’s shares has fallen again.

3. The users collectively hold around $8 billion worth of bitcoin.

4. The scandal could potentially be disastrous for the company.

5. primarily, the reason people play the game is to make a lot of money.

F. Answer the questions below. (0.60 point)

1. Have you ever used bitcoin? If not, would you give it a try? Why/why not?

2. What do you think the advantages/disadvantages are of using a digital currency instead of
cash?
One of its great advantages is that bitcoin does not reveal our identity when making a transfer,
contrary to the cash that our data asks for and one of its disadvantages is that bitcoin is not currently
accepted in all establishments.
3. Do you think the high value of bitcoin is connected to illegal activity, or do you think there
are other reasons why it’s so high?