Spacex Information – Solutions to Fintech Zoom’s Weekly Quiz — March 20 | Fintech Zoom


Are you positive you understand every little thing about what’s been taking place this week? Listed below are the solutions to Fintech Zoom’s weekly quiz, which is able to provide help to keep on high of what’s taking place proper now.

1. Elon Musk revealed he had created a track about NFTs to be offered as an NFT. However what did he say the track might be referred to as?

Reply: “Tune About NFTs”

Tesla CEO and SpaceX founder Elon Musk introduced on March 16 that he can be promoting a track in NFT kind entitled “Tune About NFTs.” The piece attracted a 625 ETH bid ($1.1 million, on the time) shortly after itemizing.

2. One other NFT that includes a track by a well-known artist in a TikTok video went up for public sale on March 19. Who’s track is featured?

Reply: Fleetwood Mac

A TikTok person referred to as Nathan “Doggface” Apodaca auctioned off his viral “Fleetwood Mac” video as an NFT. The 23-second TikTok video options Apodaca driving on his longboard ingesting Ocean Spray whereas Fleetwood Mac’s “Goals” performs. 

3. The world of soccer already has a number of NFT creations for particular person gamers. However which Premier League soccer crew will get their very own official NFT produced by sports activities blockchain firm, Chiliz?

Reply: Manchester Metropolis

Sports activities blockchain platform Chiliz is partnering with Manchester Metropolis to launch a fan token for the English Premier League soccer membership. The $CITY fan token might be accessible by way of Socios.com.

Some soccer followers are eager to see the sports activities blockchain firm launch a fan token for his or her groups!

4. Lastly, following Christie’s first profitable NFT assortment sale, one other public sale home plans to enter the house. Who?

Reply: Sotheby’s

Sotheby’s, one of many world’s most well-known public sale homes, is ready to host its first-ever NFT sale. The deliberate sale, which options standard nameless digital artist Pak, will happen subsequent month.

5. In different information, a number of tasks within the Binance Sensible Chain (BSC) ecosystem got here below “Area Title System” assaults. Which of the next was NOT affected?

Reply: Reef Finance

A number of decentralized finance (DeFi) tasks on the Binance Sensible Chain introduced that they have been below a Area Title System (DNS) assault, final week.

CREAM Finance tweeted {that a} third get together had compromised its DNS, explaining some customers have been seeing requests for his or her seed phrases. Shortly after, PancakeSwap reported that they could have been hijacked as effectively, in a similar way to CREAM.

Reef Finance, one other venture on BSC, is reportedly unscathed thus far.

6. Cryptocurrency trade Gemini is quick turning into the custodian of rich cryptocurrency traders, with the worth of crypto belongings it manages hovering. What determine did this worth notably cross this week?

Reply: $20 billion

Following a surge in demand for cryptocurrencies, Gemini introduced that the worth of the crypto belongings in its custody doubled previously two months. Gemini now manages round $20 billion value of cryptocurrencies.

7. Which central financial institution introduced its plans to experiment with central financial institution digital currencies (CBDC), this week?

Reply: Financial institution of Japan

Financial institution of Japan Governor Haruhiko Kuroda mentioned that the central financial institution is scheduled to start experimenting with CBDC.

8. Ex-BitMEX CEO Arthur Hayes agreed to give up to U.S. authorities final week, to reply a cost of violating the Banking Secrecy Act. How a lot was the discharge bond he was supplied?

Reply: $10 million

BitMEX co-founder Arthur Hayes agreed to give up to U.S. authorities in Hawaii on April 6. On account of his absenteeism, his launch bond was set at $10 million.

9. Grayscale Investments introduced 5 new cryptocurrency trusts, this week. Which of the next cryptocurrencies have been NOT included?

Reply: SKALE Community (SKL)

Grayscale Investments introduced the launch of 5 new digital foreign money funding trusts. This brings the world’s largest digital foreign money asset supervisor’s variety of funding merchandise to 14.

The brand new digital currencies embrace chainlink (LINK), filecoin (FIL), livepeer (LPT), fundamental consideration token (BAT) and decentraland (MANA).

Skale Community (SKL) was not a part of their newest providing.

10. Lastly, which firm’s exchange-traded-fund utility did the U.S. Securities and Change Fee acknowledge receipt of?

Reply: VanEck

The U.S. Securities and Change Fee (SEC) has acknowledged an exchange-traded-fund (ETF) utility made by VanEck. The transfer begins a 45-day countdown for a response to the appliance.

If profitable, it might be the primary cryptocurrency-based ETF permitted by the SEC.

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