Elon Musk talks Crypto：Bakers

Bait and Switch Scam

It is a sales strategy in which a customer is attracted to a product or a service at a low rate but is later encouraged to buy one at a higher rate.

Bakers

Baking is the process that Tezos uses in order to append new blocks of transactions to its blockchain.

Baking

Baking is a process that is used by Tezos in order to append new blocks of transactions onto its blockchain.

Balanced Fund

Balanced Funds refer to mutual funds containing stock and bond components in a single portfolio.

Balanced Investment Strategy

A balanced investment strategy attempts to balance the return and risk of a portfolio.

Balloon Loan

A loan that is not designed to be fully paid back by the end of the term and requires a balloon payment at maturity.

Balloon Payment

A large amount of money due at the end of the term of a balloon loan is called a balloon payment.

Bandwagon Effect

The bandwagon effect is the phenomenon in which a person’s decision is influenced by the majority.

Bandwidth

The quantity of data capacity available for transactional activity on a network is known as bandwidth.

Bank for International Settlements (BIS)

The BIS is an international financial institution that promotes global monetary stability.

Bank Run

A bank run occurs when most customers withdraw their cash from the bank out of fear of solvency and bankruptcy.

Banking as a Service (BaaS)

BaaS platforms provides a higher level of financial transparency options by letting banks open up their APIs for third parties in order to develop new services.

Banking Secrecy Act (BSA)

The Bank Secrecy Act (BSA) was implemented in the United States in 1970 to prevent criminals from concealing or laundering their illegal gains.

Bankruptcy

Bankruptcy is a state where an entity or a person cannot meet its financial obligations, such as debt repayment to creditors upon legal declaration.

Bar Chart

A bar chart is a graph used for data visualization and technical analysis in finance. It consists of vertical and horizontal lines arranged on a graph to give meaningful information.

Basis Point

Basis point is a common unit of measure that shows changes in financial interest rates and percentages.

Basket

A basket, when used in the cryptocurrency space, refers to a collection of digital currencies managed as a single asset.

Basket of Goods

A basket of goods is a measure to assess the prices of consumer goods and services.

Batch Auctions

Batch auctions are a trading mechanism in which individual orders are grouped together and executed simultaneously.