Deck 5: In the News

Question 1

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

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

Answer 1

Cyprus

Question 2

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

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

Answer 2

"The Good Wife."

Question 3

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

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

Answer 3

BTC China.

Question 4

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

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

Question 5

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:

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

Question 6

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

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

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:

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

Question 8

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

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

Question 9

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

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

Question 10

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

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

Question 11

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?

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

Question 12

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."

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

Question 13

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

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

Question 14

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

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

Question 15

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

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