Bitcoin News Quiz of the Week
Question 1:
Who was the alleged creator of Bitcoin, Satoshi Nakamoto?
Question 2:
What is the maximum supply of Bitcoin?
Question 3:
Name the first physical store to accept Bitcoin payments.
Question 4:
What is the technical process by which new Bitcoins are created?
Question 5:
Which cryptocurrency is considered Bitcoin’s biggest competitor?
Answer Key:
1. Unknown
2. 21 million
3. Overstock.com
4. Bitcoin mining
5. Ethereum
Additional News:
* Bitcoin price breaks $25,000 mark: Bitcoin’s price has rallied in recent months, surpassing the $25,000 mark for the first time since June 2022.
* SEC investigates Coinbase over alleged insider trading: The US Securities and Exchange Commission (SEC) is investigating Coinbase, one of the largest cryptocurrency exchanges, for potential insider trading involving its employees.
* El Salvador adopts Bitcoin as legal tender: El Salvador became the first country in the world to adopt Bitcoin as legal tender, allowing citizens to use the cryptocurrency for everyday transactions.
Discussion:
This week’s quiz highlights some key aspects of Bitcoin and its evolving landscape. With its volatile price and ongoing regulatory scrutiny, Bitcoin remains a hot topic in the financial world.
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