The History of Bitcoin
When Satoshi Nakamoto published the article “Bitcoin: A Peer-to-Peer Electronic Cash System”, he proposed a payment method that everyone could trust. We have compiled Bitcoin’s most important moments since 2009, when the first Bitcoin was produced.
💡 October 31, 2008: the Bitcoin technical document is published by Satoshi Nakamoto
⛓ January 3, 2009: the first Bitcoin block is created, known as the genesis block. Nakamoto’s identity remains unknown.
🥇 January 12, 2009: the first Bitcoin transfer takes place between Nakamoto and programmer Hal Finney
💵 October 5, 2009: New Liberty Standard, an exchange, publishes the first Bitcoin/USD rate: $1 = 1,309.03 BTC
🍕 May 22, 2010: Laszlo Hanyecz’s payment of 10,000 Bitcoin for two pizzas on the BitcoinTalk forum is deemed the first true Bitcoin exchange. May 22 is celebrated annually as “Bitcoin Pizza Day”
🏦 July 2010: the first Bitcoin exchange, Mt Gox, is established in Tokyo, Japan. By 2014 it was handling more than 70 per cent of all Bitcoin (BTC) transactions worldwide
📈 August 2010: the Bitcoin market value exceeds $1 million. $1 = 0.5 BTC
💵 February 9, 2011: Bitcoin equals the US dollar for the first time. $1 = 1 BTC
💶 April 23, 2011: Bitcoin becomes tradable in the euro and British pound. Bitcoin’s market value reaches around $10 million
💵 June 8, 2011: Bitcoin hits $31.89
🏢 September 27, 2012: The Bitcoin Foundation is established
⚙️ November 28, 2012: the first Bitcoin Block Reward Halving takes place. The Bitcoin block reward drops from 50 to 25 BTC
💰 March 28, 2013: the market value of Bitcoin exceeds $1 billion
💵 April 2013: Bitcoin price exceeds $100
🏧 May 2, 2013: the first Bitcoin ATM opens in San Diego, California
🟦 July 1, 2013: BtcTurk is established. Its first Bitcoin transaction is made
🚨 October 2, 2013: the FBI seizes $3.6 million worth of Bitcoin after closing Silk Road, a digital black market platform involved in money laundering and drug transactions using Bitcoin. Silk Road was founded by Ross William Ulbricht who is now serving a life sentence in prison
🚫 February 2014: Mt Gox files for bankruptcy. It claims hackers stole the equivalent of $460 million in an online scam
🇺🇸 January 26, 2015: Coinbase begins operating in 25 states as the first regulated exchange in the USA
🇯🇵 March 2016: the Japanese Council of Ministers acknowledge that virtual currencies such as Bitcoin have a similar function to real money
⚙️⚙️ July 9, 2016: the second Bitcoin Block Reward Halving takes place. The Bitcoin block reward drops from 25 to 12.5 BTC
🏧 November 2016: the number of bitcoin ATMs around the world has approximately doubled in the past 12 months. More than 4,000 devices in almost 80 countries are now exchanging fiat money for digital coins.
🇯🇵 April 1, 2017: Japan accepts Bitcoin as an official payment method
🍴 July 1, 2017: Bitcoin forked as a new cryptocurrency named BitcoinCash
🇨🇳 September 3, 2017: China bans companies from raising funds with ICOs
👨💼 October 12, 2017: Jamie Dimon, CEO of JP Morgan, calls Bitcoin a “fraud”
🇨🇳 October 15, 2017: China announces that all cryptocurrency trading platforms based in the country will be shut down
🏦 October 31, 2017: CME Group announces that Bitcoin will be available for futures
November 28, 2017: the price of one Bitcoin exceeds $10,000
🏦 December 11, 2017: Bitcoin futures start trading on the Chicago (CBOE) stock exchange
December 17, 2017: Bitcoin reaches its peak value — $20,089
⛏ January 13, 2018: this date marked an important milestone for Bitcoin when 16.8 million BTC, or 80 per cent of the entire Bitcoin supply, was mined
🚫 January 30, 2018: Facebook bans cryptocurrency ads
📝 March 7, 2018: The US Exchanges and Securities Commission (SEC) imposes a registration requirement on cryptocurrency trading platforms
🚫 March 14, 2018: Google bans cryptocurrency ads
🚫 March 26, 2018: Twitter announces that it will ban cryptocurrency ads
📢 May 2, 2018: Goldman Sachs announces that it will open a Bitcoin investment operation
🎂 January 3, 2019: Bitcoin celebrates its tenth birthday!
⚙️⚙️⚙️ May 11, 2020: the third Bitcoin block reward halving takes place, dropping the per-block subsidy from 12.5 BTC to 6.25 BTC
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