Current Affairs

GK MCQs Section

Topic: cryptocurrencies

RBI’s Systemic Risk Survey (SRS)

The Reserve Bank of India’s (RBI) latest Systemic Risk Survey (SRS) has shown that global spillovers, financial market and general risks have increased, while macroeconomic risks have moderated....

January 3, 2023

The Collapse of FTX Cryptocurrency Exchanges

The FTX – one of the world’s largest cryptocurrency exchanges – collapsed. Its founder, Sam Bankman-Fried’s fortune fell from nearly 16 billion USD to zero within days after...

November 24, 2022

“The Merge” of the Ethereum

Ethereum – the world’s second largest blockchain – has transitioned from the legacy “proof-of-work” to a “proof-of-stake” consensus mechanism. Key facts The Ethereum Merge is an upgrade that...

September 21, 2022

What is Crypto Jacking?

Crypto jacking, a type of cybercrime in which cryptocurrencies are mined through hacked computers, has reached a record high in 2022. According to a recent report, the number...

July 29, 2022

Budget: Corporate Tax, AMT, Tax on Digital Assets

In her Budget Speech 2022, Finance Minister Nirmala Sitharaman shed light on tax liabilities for virtual assets like cryptocurrencies. Key Facts Income from any digital asset will now...

February 3, 2022

The Global Risks Report 2022

The World Economic Forum recently released the Global Risks Report 2022. Cybersecurity, pandemic, climate change and space advancements are the emerging risks to global economy. Key Findings The...

January 12, 2022

Karnataka Bitcoin scam: Things to know

Central Crime Branch Police of Bengaluru, arrested 26-year-old Srikrishna Ramesh alias Sriki, on November 4, 2020. What is the issue? He was arrested as per provisions of Narcotic...

November 15, 2021

China declares all Cryptocurrency transactions illegal

Central bank of China has declared all the Cryptocurrency transactions illegal on September 23, 2021. Key Points The global values of cryptocurrencies including Bitcoin have massively fluctuated in...

September 25, 2021

PayPal launched crypto buying and selling in UK

PayPal Holdings Inc has launched crypto buying and selling in the United Kingdom. Key points PayPal will allow customers in the UK to buy, sell and hold bitcoin...

August 23, 2021

Report: Indians invested $40 bn in cryptocurrency in 2020

As per Chinalysis report, Indians who are known to traditionally invest in gold are now investing into cryptocurrency. Key Findings India is home to world’s biggest holders of...

June 28, 2021

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