Question 1

In late 2013, which of the following American politicians stated that Bitcoin could "destroy the dollar"?

Accepted Answer

A) Hillary Clinton. 
B) Ron Paul. 
C) Mitt Romney. 
D) Jeb Bush. B

Question 2

On October 2nd, 2013, Bitcoin was in the news after this illegal, online marketplace, which used the digital currency for transactions, was shutdown by the FBI:

Accepted Answer

A) The Farmer's Market. 
B) The Silk Road. 
C) Sheep. 
D) Black Market Reloaded. B

Question 3

In early November of 2013, which exchange surpassed MtGox as the largest trader of Bitcoin?

Accepted Answer

A) BTC China. 
B) Bitstamp. 
C) BTC-e. 
D) Bitfinex. A

Question 4

Which of the following individuals, famous for their involvement with Facebook, has/have major Bitcoin holdings?

Accepted Answer

A) The Winklevoss twins. 
B) Mark Zuckerberg. 
C) Eduardo Saverin. 
D) Dustin Moskovitz.

Question 5

In November of 2013, this travel website was in the news after it began accepting Bitcoin as a form of payment.

Accepted Answer

A) CheapAir. 
B) Expedia. 
C) Priceline. 
D) Kayak.

Question 6

In December of 2013, officials in this nation announced that financial institutions were no longer allowed to complete transactions with bitcoins:

Accepted Answer

A) Russia. 
B) United States. 
C) China. 
D) Japan.

Question 7

In late 2013, a couple made headlines after they traveled through three continents using only bitcoins, after starting their journey in this US city:

Accepted Answer

A) Provo, UT. 
B) Kansas City, MO. 
C) New York, NY. 
D) Denver, CO.

Question 8

Approximately how many bitcoins did the FBI seize when they shut down the Silk Road?

Accepted Answer

A) 12,000 
B) 26,000 
C) 38,000 
D) 44,000

Question 9

In late 2013, the Securities and Exchange Commission arrested a man in this US state for attempting to operate a Bitcoin Ponzi scheme:

Accepted Answer

A) Illinois. 
B) Arkansas. 
C) New York. 
D) Texas.

Question 10

In late 2013, the city commission in the small town of Vicco in which of the following states approved a measure to pay their police chief in bitcoins?

Accepted Answer

A) New Jersey 
B) Washington 
C) Montana 
D) Kentucky

Question 11

In November of 2013, the largest private university in which European nation began accepting bitcoins as a form of payment?

Accepted Answer

A) France. 
B) Greece. 
C) Cyprus 
D) Italy

Question 12

In late 2013, the national mint in which of the following countries announced plans to create a physical, gold-backed Bitcoin?

Accepted Answer

A) United States 
B) China 
C) France 
D) United Kingdom

Question 13

When did the Winklevoss twins return to the headlines after announcing their petition with the SEC to create a Bitcoin trust?

Accepted Answer

A) November 2012. 
B) February 2013. 
C) July 2013. 
D) October 2013.

Question 14

In January of 2012, Bitcoin was featured on which of the following primetime drama series?

Accepted Answer

A) "The Good Wife." 
B) "Homeland." 
C) "Breaking Bad." 
D) "Scandal."

Question 15

Not long after CNN labeled Bitcoin a "shady online currency," in October 2013, this major newspaper referred to Bitcoin as the "currency of choice for seedy online activities."

Accepted Answer

A) USA Today 
B) The New York Times 
C) The Washington Post 
D) The Los Angeles Times

Exam 5: In the News