History of bitcoin Quiz - 49 Trivia Questions!

History of bitcoin Quiz Cover

Delve into the fascinating history and evolution of Bitcoin, the revolutionary digital currency that has transformed the world of finance and technology.

Which online payment company announced in January 2018 that it would phase out support for the virtual currency, 'Bitcoin'?

Square
MasterCard
Google
Stripe

Who proposed a collectible market-based mechanism for inflation control called 'Bit Gold'?

Michael G. Bloomberg
David Szabo
Michael Schroeder
Nick Szabo

Which company announced in October 2020 that it would allow its users to buy and sell virtual currency called 'Bitcoin'?

Google
Microsoft
Apple
PayPal

Which CNBC presenter played himself in a courtroom scene in the US TV drama ‘The Good Wife’?

Jim Cramer
Mike Allen
Chris Cillizza
John King

Which online video games marketplace announced in December 2017 that it would no longer accept payments in the form of 'Bitcoin'?

Amazon.com
Steam
The New York Times
XBLA

In March 2016 the Cabinet of which country recognised virtual currencies such as 'Bitcoin' as having a function similar to real money?

Japan
China
The USA
South Korea

Which online wallet was hacked in April 2013 resulting in the loss of over 35,000 BTC?

Instawallet
Coinbase
MyPay
MyEtherWallet

Which video game company announced in January 2014 that it would begin testing the use of the virtual currency 'Bitcoin' in its games?

Zynga
Valve
The Rock
Microsoft

Which virtual currency announced in March 2014 that it was closing its doors because of a hacker attack?

Flexcoin
Litecoin
Ripple
Coinbase

What was the first notable retail transaction involving physical goods paid for in the virtual currency 'Bitcoin'?

Pizza
The 'Silver Linings Playbook'
A ring
A pair of jeans

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

Hal Finney
Steve Jobs
Theobald.
Michael Schroeder

In June 2013, the state of which US state issued a warning letter to the 'Bitcoin Foundation' for unlicensed money transmission?

California
Florida
New York
Tennessee

What is the name of the now defunct virtual currency exchange that was hacked in August 2011?

The Coinbase
Coinbase
ethereum
MyBitcoin

What is the title of a 2014 documentary film about the rise of the virtual currency, 'Bitcoin'?

The Secret History of the Internet
The Rise and Rise of Bitcoin
The History of the World's First Virtual Money
The World's Most Valuable Coin

Which US-based virtual currency exchange declared bankruptcy in January 2016 ostensibly because of a 2014 hacking incident?

Cryptsy
The Coinbase
Coinbase
XRP

What is the name of the online platform that allows users to sell hashing power for the purchase of 'Bitcoins'?

NiceHash
Coinbase
Miners Market
The Internet Archive

What was the name of the US-based virtual currency exchange that was hacked in 2012?

The Virtual World
BTC
Coinbase
Bitfloor

What is the name of the academic journal published by Peter Rizun on the subject of 'Bitcoin'?

Financial Review
The International journal of Information Science
Science
Ledger

In May 2013, the US authorities seized accounts associated with which online gambling website?

The Golden Nugget
Mt. Gox
The Stars Group
TheGambler

What was the name of the illegal online drug marketplace that was seized by the FBI in October 2013?

Black Market
Silk Road
e-Gov
iSpy

Who was fined by the US SEC in 2014 for selling unregistered shares in two unregulated virtual currency exchanges?

David A. Williams
John R. McKay
Erik T. Voorhees
David S. Mandel

In June 2013, what was the first US government agency to seize a significant amount of 'Bitcoin'?

US Drug Enforcement Administration
US Federal Reserve
The Department of Homeland Security
The US Department of Agriculture

What is the name of the US-based online payment processor for the virtual currency known as 'Bitcoin'?

CoinSpark
Coinstar
bitcoins
Coinbase

In 2012, which bank issued a report on virtual currency schemes?

European Central Bank
Federal Reserve
International Monetary Fund
Central Bank of Ireland

What is the name of the company that processes approximately 30 percent of all the money going into and out of 'Bitcoin'?

BitInstant
iGaming
The New York Times
The Coinbase

What is the name of the South Korean virtual currency exchange that filed for bankruptcy in December 2017?

Youbit
Coincheck
Coinbase
Yen

In which US city was a lawsuit filed in 2012 against 'Bitcoinica', the first online trading venue for the virtual currency?

New York
Los Angeles
San Francisco
Atlanta

What is the name of the third-largest online exchange for the virtual currency 'Bitcoin'?

Ripple
Coinbase
BTC/JPY
Bitomat

What is the name of the online payment processor that accepts the virtual currency known as 'Bitcoin'?

The International Monetary Fund
The New York Times
BitPay
Paysafecard

In which month of 2017 did the virtual currency 'Bitcoin split into two?

February
September
August
July

In June 2021, which country became the first to legalise the use of the virtual currency, 'Bitcoin'?

South Korea
El Salvador
New Zealand
China

What is the name of the 'cryptocurrency' developed by Adam Back in 1997?

Coinbase
The Internet
bitcoin
Hashcash

What is the name of the US futures exchange that began trading in December 2017 on the virtual currency, 'Bitcoin'?

The New York Stock Exchange
New York Futures Exchange
Chicago Board Options Exchange
New York Stock Exchange

What type of fraud was the 'Bitcoin Savings and Trust', which collapsed in 2012?

Ponzi scheme
Ponzi scheme with the use of money
Investment
Investment fraud

What is the name of the log of all the transactions in the virtual currency known as 'Bitcoin'?

The digital ledger
The blockchain
The 'Bitcoin network'
The bitcoin wallet

What is a virtual currency exchanger considered to be in the USA?

Money transmitter
Taxi driver
A computer game
Bank

Jennifer Shasky Calvery is the director of which US federal agency?

FinCEN
Federal Reserve
National Drug Control Program
National Institute of Child Health and Human Development

In Germany, what tax is levied on holdings of virtual currency for less than a year?

Income tax
Capital gains tax
Tax on capital
Personal income tax

On 1st September 2020, which Austrian Stock Exchange became the first to trade in 'Bitcoin'?

BIS
Swiss Stock Exchange
Munich Stock Exchange
Wiener Börse

In January 2018, which country banned anonymous trading of virtual currency, the 'Bitcoin'?

Japan
China
South Korea
The United States

What name is given to sites that pay out fractions of a 'Bitcoin' for completing simple tasks such as captcha

Sites that accept payment for completing simple tasks
Coinmining
Faucets
Coins

"In which newspaper did the phrase ""Fractional Reserve banking"" first appear in 2009?"

The Times
The Guardian
The Wall Street Journal
The Financial Times

In July 2013, the Committee for the establishment of the Digital Asset Transfer Authority began to set best practices and standards for what?

The Federal Reserve
Digital currency
Digital data
Virtual assets

In 2015, the MAK (Museum of Applied Arts) became the first museum to acquire art using 'Bitcoin',

Germany
Vienna
Berlin
Paris

What was the name of the soft fork that took place on the main chain in August 2014?

Xiaozhuang's Daughter
The Fork
Segregated Witness
Unstable Network

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

India
South Africa
South Korea
China

In September 2020, which European Stock Exchange became the first to trade the virtual currency, the 'Bitcoin'?

Frankfurt
London
The London Stock Exchange
Amsterdam

What is FinCEN concerned with when it regulates the use of virtual currency such as 'Bitcoin'?

Money laundering
The ability to use it to pay for goods
Money in the United States
Drug trafficking

What is the term for the split of a computer's network into two separate paths?

Switch
Tunnel
Router
Fork
0
right
0
wrong
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