CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which companies have signed an MoU with India INX to launch the first Bitcoin and ETFs at GIFT city?
A
Torus Kling Blockchain IFSC
B
Cosmea Financial Holdings
C
Angel One Limited
D
Both A and B
Explanation: 

Detailed explanation-1: -Though we have been trading in cryptocurrencies for so long, GanderCoin is India’s foundation which itself holds different respect.

Detailed explanation-2: -2010: First Sale Using Crypto Two years later, the first sale of an item using Bitcoin took place with someone swapping 10,000 Bitcoin for two pizzas. This attached a cash value to cryptocurrencies for the first time.

Detailed explanation-3: -Investing strategy The ProShares Bitcoin Strategy ETF (BITO) is the first Bitcoin ETF approved to trade in U.S. markets. Upon its debut in October 2021, BITO became one of the most heavily traded ETFs in market history, attracting around $1 billion in assets within a few days.

Detailed explanation-4: -Financial Institutions and top global firms like JP Morgan, Barclays, Microstrategy, Block, etc., hold large chunks of their holdings in cryptocurrencies. In addition, world’s top moguls like Tesla, SpaceX, Microsoft, Twitter, PayPal, Visa, Mastercard, Starbucks, etc., all accept cryptocurrency payments.

There is 1 question to complete.