Current Affairs

GK MCQs Section

Topic: Cryptocurrency

EU’s Markets in Crypto Act

The European Union’s legislature has granted final approval to the Markets in Crypto Assets (MiCA) regulations, which are the new common rules for the crypto space in Europe....

April 24, 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

MENA region – world’s fastest crypto adopter

The Middle East and North Africa (MENA) region is the fastest growing cryptocurrencies market in the world. Key facts The 2022 Global Crypto Adoption Index released by the...

October 8, 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

Norway’s central bank digital currency

Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC...

September 15, 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

Dubai Virtual Assets Regulation Law

Dubai has introduced crypto asset regulation, joining the ranks of Singapore, the United States, the United Kingdom, El Salvador, and other countries that have enacted cryptocurrency laws. The...

March 11, 2022

US Executive order on Cryptocurrency

On 9th March 2022, U.S. President Joe Biden signed an executive order on cryptocurrency. About the executive order The executive order called on U.S. federal agencies to examine...

March 10, 2022

Twitter: NFT Profile Picture feature

On January 21, 2022. Twitter announced a new way for users to authenticate their profile pictures, which is fuelled by non-fungible tokens (NFTs). Key Points It is significant...

January 24, 2022

Russia’s Ban on Cryptocurrencies

On January 20, 2022, the Russian central bank proposed to crack down the cryptocurrencies. Highlights If this move is adopted, it could disrupt the burgeoning virtual money sector...

January 22, 2022

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