Cryptocurrency Quiz - 71 Trivia Questions!

Cryptocurrency Quiz Cover

Dive into the world of cryptocurrency, the digital assets that have revolutionized finance. Test your understanding of blockchain technology, Bitcoin, and the ever-evolving landscape of digital currencies.

Which Hong Kong-based NFT project lost US$1.3 million in a phishing link in December 2021?

XRP
Monkey Kingdom
The World Bank
Nxt

In September 2021, the government of which country declared all 'cryptocurrency' transactions illegal?

The United States
South Korea
South Africa
China

Which South Korean exchange was hacked in June 2018 and lost over $37m worth of virtual currency?

Coinbase
Coinrail
South Korean virtual currency exchange, Coinrail
Coincheck

On 30th April 2021, the central bank of which country banned the use of 'cryptocurrencies' for making payments?

Turkey
China
Japan
South Korea

Who is the author of 'Bank of America: The Epic Struggle to Create the Federal Reserve'?

Roger Lowenstein
John Boehm
John Podesta
John F. Kerry

What Slovenian-based virtual currency exchange was hacked in December 2017?

The Coinbase
Poloniex
Coinbase
Nicehash

What was the name of the fraudulent mining company founded by Homero Garza in 2014?

The New Yorker
GS Resources
GAW Miners
Agua Caliente

Which company manufactures 'Blockscale', a dedicated crypto-mining chip?

Microsoft
The Nvidia Corporation
Gigabyte
Intel

Which UK government department commissioned a study into 'Cryptocurrencies' in 2014?

The National Crime Agency
The Home Office
The Treasury
National Crime Agency

What name is given to the method of securing a crypto-currency network and achieving distributed consensus through requesting users to show ownership

proof-of-work
Coinbase
Proof-of-stake
Propositions

Which is the world's most energy-efficient virtual currency, using 0.0079 kilowatt-hours of electricity per transaction?

XRP
ethereum
Litecoin
bitcoin

Which South Korean virtual currency exchange filed for bankruptcy in December 2017?

Youbit
ethereum
The Coinmarketcap.com
XRP

What is the name of the virtual currency exchange that had 23.5 million dollars stolen in July 2018?

TheCoin
The Ripple
Bancor
Ripple

What country is the most likely source of the ransomware that caused over $400 million in revenue in 2021?

Russia
Japan
The United States
China

What is the name of the world's largest virtual currency exchange, which filed for bankruptcy in February 2014?

Coinbase
e-bitcoin
Mt. Gox
The Coinbase

The genesis block of the virtual currency 'Bitcoin' contains the headline of which newspaper?

The Guardian
Guardian
Daily Mail
The Times

Who is the pseudonymous creator of the virtual currency, 'Bitcoin'?

The government of China
Satoshi Nakamoto
The United States
A Japanese

In which country are most initial coin offerings (ICOs) registered?

Japan
Switzerland
China
India

What was the name of the controversial online black market that was shut down in October 2013?

Operation Deep Web
The Dark Web
iExchange
Silk Road

Which was the first major Wall Street bank to begin accepting 'Bitcoin' as a form of currency?

Morgan Stanley
Chase
New York Federal Reserve
The Bank of America

Which JP Morgan Chase CEO called the virtual currency 'Bitcoin a fraud'?

Jamie Dimon
John Stumpf
Kevin Johnson
Peter Thiel

What was the name of the virtual currency operated by Terra in 2022?

The Terran Coin
Luna
Coins of the Planet
Coinbase

Which organisation is responsible for the regulation of digital assets in the EU?

EU Financial Stability Network
European Union Financial Regulators
European Commission
The European Union

What was the name of the electronic currency invented by David Chaum in 1995?

e-money
Digicash
The dollar
MoneyGram

In May 2021, the US Department of the Treasury announced that any transfer worth $10,000 or more would be reported to what agency?

Internal Revenue Service
The US Federal Emergency Management Agency
The US Department of Agriculture
Federal Emergency Management Agency

Which organisation published 'How to Make a Mint: The Cryptography of Anonymous Electronic Cash' in 1996?

University of Chicago
The National Security Council
The National Security Agency
National Security Agency

What is the most popular website that provides information on the market for 'cryptocurrencies'?

TheBitcoin.com
The CoinDesk
CoinSpot
CoinMarketCap

What is the name of the virtual currency that uses zero-knowledge proofs to increase its secrecy?

Monero
The dollar
XRP
The Virtual Coins

What type of currency is not issued by a central bank?

The euro
Federal Reserve notes
Cryptocurrency
Gold

What country was invaded by Russia in 2022?

The United States
Ukraine
South Korea
South America

Which organisation criticised 'cryptocurrencies' in its annual report in 2018?

European Union
Bank for International Settlements
Federal Reserve
Bank of England

Which company manufactures the GTX series of video cards, popularly used for mining 'cryptocurrency'?

Samsung
Nvidia
Microsoft
Intel

In 2021, which country became the second-biggest crypto-currency mining country, producing 18.1% of the global exahash

Kazakhstan
Russia
South Africa
China

In which US city did the first 'Bitcoin ATM' open in February 2014?

Los Angeles, California
New York
Minneapolis, Minnesota
Austin, Texas

What was the name of the virtual currency exchange that filed for bankruptcy in 2022?

The ICO
FTX
Tezos
TRON

What is the term for the transfer of ownership of cryptographic units in a digital currency?

Exchange
Coin
Transaction
Sale

Which US computer programmer was jailed for five years in 2022 for attending a Pyongyang conference on 'cryptocurr

Virgil Griffith
Michael McFarlane
Mike Smit
David Pearce

What is the name of the continuously growing list of records in a digital currency's ledger?

Blocks
Wallets
Memories
Balances

Which organisation stopped accepting donations in the form of 'Bitcoin' in 2021?

Global Voices
World Wildlife Fund
The World Bank
Greenpeace

In August 2018, the Bank of Thailand announced plans to create its own virtual currency, the Central Bank Digital Currency (CBDC), in which country?

Thailand
South Korea
Japan
The United Kingdom

Which children's charity started accepting 'cryptocurrency' as a form of donation in 2015?

The Children's Society
YEA
The Children's Trust
UNICEF

What is the name of the fault-tolerance feature of a distributed computing system?

distributed processing
Multi-tasking
Byzantine fault
distributed storage

Which Austrian economist wrote 'Denationalisation of Money: The Argument Refined'?

Rudolf Steiner
Karl Marx
Milton Friedman
Hayek

What gas is produced by the mining of 'Bitcoin'?

Carbon dioxide
Nitrogen
Hydrogen
Carbon monoxide gas

What type of tax is levied on virtual currencies such as 'Bitcoin'?

Income tax
Tax on income
Capital gains
Tax on goods

What is the problem with mining rigs?

They are hard to use
The high cost
The mining process
Electronic waste

What is the name of the U.S. securities and exchange commission?

FINRA
SEC
SEC & FED
SEC and STA

What is the name of the first US-listed exchange-traded fund (ETF) linked to the virtual currency 'Bitcoin'

BITO
BITF
ETFs
ETFX

"Which white supremacist declared ""Bitcoin the currency of the alt-right""?"

George W. Bush
Alex Jones
David Duke
Richard Spencer

What type of currency is a 'cryptocurrency'?

Physical
Paper
Gold
Digital

What was the name of the economic bubble that burst in 1999, similar to the tulip mania of 1637?

The stock market
Stock market
Economic bubble
Dot-com bubble

What name is given to a type of virtual currency designed to be stable in value?

The dollar
Stablecoins
Digital gold
Coinbase

What is the name given to a person who uses the virtual currency 'Bitcoin'?

'Bitcoin Girl'
A virtual person
A 'Bitcoin user'
Pseudonymous

What is the name of the altcoin that was delisted from Bittrex in May 2018 after refusing to pay its share of damages?

Satoshi Nakamoto
Token
Gold
Ripple

What country has become a haven for virtual currency miners in part because of its cheap electricity?

Canada
The United Kingdom
China
Iceland

What country is the top global leader in the mining of the virtual currency, 'Bitcoin'?

India
United States
China
South Korea

The Federation Tower is a skyscraper complex in which Russian city?

St. Petersburg
Saint Petersburg
Moscow and Saint-Petersburg
Moscow

How many different instructions can be entered into a computer to change the ownership of the same cryptographic unit?

One
Three
A combination of two
Several

What is the most widely used proof-of-work timestamping scheme?

SHA-1
X11
TIME
SHA-256

The use of 'altcoins' can make what more simple?

Travelling
Tax evasion
Shopping
Internet access

What is the name of the UK's financial regulator?

APRA
FCA
Financial Services Authority
The Bank of England

What are stored in a crypto-currency wallet?

Coins
Money
Keys
The wallet itself

What is the name of the computerized system that stores the ownership records of a virtual currency?

The web
Ledger
Exchange
Coinbase

What is the name of the virtual currency used to artificially inflate the price of 'Bitcoin'?

'Bitcoin'
The Internet of Things
Tether
bitcoins

What term is given to the illegal practice of buyers and sellers being the same person or group in the trading of a commodity or virtual currency?

Money smuggling
Wash trading
Theft
Thermite trading

What is the name of the virtual currency used to pay for transactions on the internet?

Digital currency
bitcoins
Coinbase
Ether

What is the name of the organisation that regulates virtual currency?

FATF
OECD
CSF
EU

Which organisation is responsible for supervising monetary and capital markets in the world?

EU
European Union
IMF
European Central Bank

Which US President issued an executive order in 2022 banning the use of 'cryptocurrencies'?

President Obama
President Barack Obama
President Biden

What does the use of a virtual currency such as 'cryptocurrency' offer?

Security
Convenience
Anonymity
Better protection

What is the name of the group of people who add transactions to the ledger in a proof-of-work system such as 'Bit

Users
Coinbase
Miners
The public
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