Bitcoin Quiz - 61 Trivia Questions!

Bitcoin Quiz Cover

Dive into the world of cryptocurrency with the Bitcoin quiz. Explore the history, technology, and impact of the pioneering cryptocurrency that has revolutionized finance and sparked a global discussion about digital assets.

Which bank refused to serve a hedge fund linked to the virtual currency 'Bitcoin' in 2014?

HSBC
Barings
Swiss Federal Bank
Standard Chartered

What is the name of the Canadian virtual currency exchange that failed in February 2019 with approximately $200 million missing?

Quadriga
Coinbase
ethereum
The Virtual Coin Exchange

What is the name of the major BitCoin exchange platform that was hacked in August 2016?

Poloniex
Bitfinex
TheBitcoin.com
Coinbase

In 2022, which country became the first to accept 'Bitcoin' as a form of payment for oil and gas exports?

South Korea
Russia
Venezuela
China

Which Nobel-prize winning economist said that the use of the virtual currency 'Bitcoin' encourages money laundering and other crimes?

David Beckham
Paul Krugman
Joseph Stiglitz
John Ridgway

What is the slang term for holding a currency rather than selling it?

Difficulty
HODL a coin
HODL
LOAD

Which magazine named the virtual currency 'Bitcoin' the best investment of 2013?

Forbes
The Wall Street Journal
The New York Times
The Guardian

What is the name of the son of venture capitalist Tim Draper who founded a start-up company called Bitpay in 2012?

Adam's brother
Tim Draper
Adam Draper
Tim Draper and Daniel Driper

What is defined by economists as a store of value, medium of exchange, and unit of account?

Money
The dollar
Money in the bank
Gold

Which Austrian economist advocated the denationalisation of money?

Milton Friedman
Rudolf Peirce
Hayek
Karl Marx

Which company announced in November 2020 that it would begin to accept and trade in the virtual currency known as 'Bitcoin'?

MasterCard
Google
The World Bank
PayPal

Who became the lead programmer of the virtual currency, 'Bitcoin', after the disappearance of Satoshi Nakamoto?

Satoshi Nakamoto's friends
Gavin Andresen
Satoshi Nakamoto's father
Satoshi Nakamoto

How much of the total number of 'Bitcoins' are owned by 9.62% of all addresses?

35%
98.51%
23%
12%

Who was the first person to receive a 'Bitcoin'?

Hal Finney
Peter Thiel
Steve Wozniak
David Pearce

In December 2013, the People's Bank of which country banned the use of the virtual currency 'Bitcoin'?

South Korea
Japan
China
South Africa

According to Mark T Williams, the volatility of the virtual currency 'Bitcoin' is seven times greater than that of which other commodity?

Silver
Gold
Petroleum
Oil

Which university funded the development of the virtual currency known as 'Bitcoin'?

Yale University
MIT
University of California
Harvard University

What was the name of the soft fork that increased the maximum block size in the 'Bitcoin' network in October 2016?

The 'Bitcoin' Network
bitcoin core
Segwit
'Bitcoin' Lightning Network

What is the name of the group of miners who pool their computing power to reduce variance in income?

Pools
The Miners' Guild
Miners
Individuals

What is the maximum size of a block in the 'Bitcoin' network?

One megabyte
Two minutes
Two kilobytes
One million dollars

What is the title of the 2014 documentary about the virtual currency known as 'Bitcoin'?

How to Buy and Sell Virtual Money
The First World Bank
The Rise and Rise of Bitcoin
The First Virtual Currency

What type of business is a virtual currency miner?

Computer Software Company
Money Service Business
Business that mines for gold
Computer Software

What is the name of the futures exchange launched by the Intercontinental Exchange in September 2019 to trade 'Bitcoin'?

CBOE
The New York Stock Exchange
Cboe Global Markets
Bakkt

Which organisation issued a warning in 2013 about the lack of regulation of the virtual currency 'Bitcoin'?

European Banking Authority
Swiss Federal Institute of Technology
EU Financial Regulators
The European Union

What name is given to a computer peripheral that stores private keys and signs transactions as requested by the user?

Keycard
Hardware wallet
Digital wallet
Computer keyboard

What name is given to a group of accepted transactions in the 'Bitcoin' ledger?

Input
Coin
Block
Blockchain

What is the smallest unit of currency in the virtual currency, 'Bitcoin'?

Symbol
The dollar
Coin
Satoshi

Which organisation started accepting donations in the form of 'Bitcoin' in July 2014?

Wikipedia
Global Voices
The National Zoo
Wikimedia

In computing, what is the term for a block that contains 'proof-of-work'?

PoW
Block of code
block chain
Block

Which country is the first to legalise the use of the virtual currency 'Bitcoin'?

El Salvador
Japan
The United Kingdom
South Korea

The scripting language used in the creation of the virtual currency, 'Bitcoin', is inspired by which other language?

Russian
Forth
Japanese
English

In March 2013, how many independent chains of the 'Bitcoin' ledger split into two?

One and two
Both
Two
Three

What is the surname of the twins who allegedly own 1% of all the virtual currency known as 'Bitcoin'?

Rubin
Zuckerberg
Doudou
Winklevoss

What is the name of the virtual currency that was used to hedge the price of 'Bitcoin' in late 2017?

Coinbase
The dollar
'Bitcoin'
Tether

Where do most of the trades in the virtual currency 'Bitcoin' take place?

Online
Exchanges
In a virtual world
Online chat rooms

In March 2022, which country passed a law legalising the virtual currency, 'Bitcoin'?

South Korea
Japan
South Africa
Ukraine

Which country has issued over 1,000 licences for the mining of the virtual currency 'Bitcoin'?

China
The US
Japan
Iran

What name is given to the starting block of the 'Bitcoin' network?

The first block of a block
The genesis block
The block reward
The block that contains the original block

What was the name of the online black market that used the virtual currency, 'Bitcoin'?

Online Market Place
Black market
Silk Road
The Dark Web

In which country was the first ETF for the virtual currency 'Bitcoin' launched in October 2021?

China
South Korea
Japan
United States

What was the name of the online wallet that was hacked in 2011 stealing millions of dollars in 'Bitcoins'?

The Coinbase
Mt. Gox
e-money
The New York Times

What name is given to a computer that can download the full copy of the 'Blockchain' and check the validity of mined blocks?

Full client
The Internet
Mining machine
A miner

In July 2014, the first regulated 'Bitcoin fund' was established in which British Overseas Territory?

Guernsey
Jersey
British Guiana
Northern Ireland

What is needed to extract money from a tamper-resistant electronic wallet?

A credit card
A key
Photo ID
Passcode

What is the name of the system that makes it very hard to change a block on the block chain?

A proof of identity
The public key
Proof-of-work
The proof-of-stake

How many major online retailers accept the virtual currency, 'Bitcoin'?

Not known.
Three
More than two
About a quarter

Which university conducted research into the use of a virtual currency called 'Bitcoin'?

Oxford
Liverpool
Cambridge
University of Edinburgh

The mining of the virtual currency 'Bitcoin' generates an estimated 200 million tons of what?

sand
Carbon dioxide
water
electricity

What is the maximum number of coins that can be created in a single block in the virtual currency, 'Bitcoin'?

10,000
30,000
250,000
21 million

What name is given to the technique of storing private keys for a digital currency such as the virtual currency, 'Bitcoin'?

A wallet
Private keys
Cold storage
Private key wallet

What is the name of the international money transfer company that competes with banks and the virtual currency, 'Bitcoin'?

Western Union
Western Union International Express
The World Bank
Western Union Global Express

The public ledger of the virtual currency 'Bitcoin' is made up of a chain of what?

Computers
Numbers
Blocks
Coins

"Which Yale economist said ""Bitcoin in its present form... doesn't really solve any sensible economic problem""?"

David Shiller
David Pessoa
Robert J. Shiller
John Y. Sullivan

In which US city is the Mercantile Exchange, the first to trade futures on the virtual currency 'Bitcoin'?

San Francisco
New York
Chicago
Los Angeles

Which Democrat candidate for the US Presidency supported the use of the virtual currency, 'Bitcoin'?

Sarah Palin
Andrew Yang
Hillary Rodham Clinton
Mitt Romney

Which US federal agency is responsible for regulating the trading of futures on the virtual currency, 'Bitcoin'?

The Federal Reserve
Federal Reserve
Federal Emergency Management Agency
Commodity Futures Trading Commission

What is the name for a computer application that stores and transacts on the virtual currency known as 'Bitcoin'?

Card
Exchange
Coinbase
Wallet

What are sent to the network without needing any approval?

Messages
Information
Transactions
Data

What type of tokens are used to store the value of the virtual currency known as 'Bitcoin'?

Cards
Coins
Tokens that are printed
Tokens that have been printed

In September 2019 the central bank of which South American country ran tests to determine if it could hold 'Bitcoin' in its reserves?

Venezuela
Argentina
Chile
Bolivia

What search engine is used to track the popularity of the virtual currency known as 'Bitcoin'?

Google Translate
Wikipedia
Google's competitor
Google
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