The Complete History Of Bitcoin: How Satoshi, the World’s First Decentralized Came To Be
Welcome to 2019. Today we want to see the complete History of Bitcoin and all you want to know about it.
Supposed you were asked how Bitcoin came to be, what will you say?
Having taken a close look at the journey of crypto we can all agree that we have all heard about Bitcoin and cryptocurrency but yet many of us still do not know how it came to be and what happened in the inner court.
With that in mind, today I want to bring to us the complete history of bitcoin and all you have to know.
I am believing that this article will motivate you to be super creative; maybe starting a career in Blockchain.
>> Before we start, be sure to check out Bitcoin Price History Chart, Bitcoin Price 2009 To 2021
The Complete of History of Bitcoin
In 2007: Satoshi Nakamoto… the legend
According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007.
We have been asking about who the true Legend is. Just recently some said is Craig is the true Nakamoto because he sunk over 300k Bitcoins to sink the market. But is it not true. I mean, there are no evidences.
However, while the real Satoshi is on record as living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person.
In August 15, 2008: An Interesting Patent Application…
Neal Kin, Vladimir Oksman, and Charles Bry file an application for an encryption patent application.
All three individuals deny a connection to Satoshi Nakamoto, the alleged originator of the Bitcoin concept.
In August 18, 2008: Bitcoin.org was registered
In August 18, Bitcoin.org was born!
The domain was registered at anonymousspeech.com, a site that allows users to anonymously register domain names and currently accepts Bitcoins.
October 31, 2008: The White Paper Is Published
Nakamoto published a design paper through a metzdowd.com cryptography mailing list that describes the Bitcoin currency and solves the problem of double spending so as to prevent the currency from being copied.
November 9, 2008: The Bitcoin Project hits SourceForge
The Bitcoin project is registered on SourceForge.net, a community collaboration website focused on the development and distribution of open source software.
January 3, 2009:The Genesis Block is mined
Block 0, the genesis block, is established at 18:15:05 GMT.
January 9, 2009: Version 0.1 is released
Version 0.1 of Bitcoin is released. Compiled with Microsoft Visual Studio for Windows, it lacks a command line interface and is so complete that it furthers speculation that it was developed by more than one person (or by an academic with little programming experience and a great deal of theoretical know-how).
It includes a Bitcoin generation system that would create a total of 21 million Bitcoins through the year 2040.
January 12, 2009: The first Bitcoin Transaction
The first transaction of Bitcoin currency, in block 170, takes place between Satoshi and Hal Finney, a developer and cryptographic activist.
October 5, 2009: An exchange rate is established
New Liberty Standard publishes a Bitcoin exchange rate that establishes the value of a Bitcoin at US$1 = 1,309.03 BTC, using an equation that includes the cost of electricity to run a computer that generated Bitcoins.
October 12, 2009: #Bitcoin-Dev Hits Freenode IRC
The #bitcoin-dev channel is registered on freenode IRC, a discussion network for free and open source development communities.
December 16, 2009: Version 0.2 is released
Version 0.2 of Bitcoin is released.
December 30, 2009: The difficulty increases
The first difficulty increase occurs at 06:11:04 GMT.
February 6, 2010: A currency exchange is born
The Bitcoin Market is established by dwdollar as a Bitcoin currency exchange.
February 18, 2010: Encryption patent is published
The encryption patent application that was filed on August 15, 2008 by Neal Kin, Vladimir Oksman, and Charles Bry was published.
May 22, 2010:10,000 BTC spent on pizza
The first, real-world transaction using Bitcoins takes place when a Jacksonville, Florida programmer, Laszlo Hanyecz, offers to pay 10,000 Bitcoins for a pizza on the Bitcoin Forum.
At the time, the exchange rate put the purchase price for the pizza at around US$25.
July 7, 2010: Version 0.3 released
Version 0.3 of Bitcoin is released.
July 11, 2010: Slashdot drives surge in Bitcoin users
Mention of Bitcoin v0.3 on slashdot brings in a large number of new Bitcoin users.
July 12, 2010: Bitcoin value increases tenfold
Over a five day period beginning on July 12, the exchange value of Bitcoin increases ten times from US$0.008/BTC to US$0.080/BTC.
July 17, 2010: MtGox is established
The MtGox Bitcoin currency exchange market is established by Jed McCaleb.
July 18, 2010: OpenGL GPU hash farm and ArtForz
ArtForz establishes an OpenGL GPU hash farm and generates his first Bitcoin block.
August 15, 2010: Exploit generates 184 billion Bitcoins
A vulnerability in the Bitcoin system that causes Bitcoins to be improperly verified is discovered and exploited, resulting in the generation of 184 billion Bitcoins.
September 14, 2010: An offer for CUDA…
An offer is made by jgarzik, in the name of the Bitcoin Store, to puddinpop to open source their Windows-based CUDA client. The offer was in the form of 10,000 BTC which, at the time, was valued at around US$600 to US$650.
September 14, 2010: Block 79,764.
Split allocation of the generation reward used to mine Block 79,764.
September 18, 2010: CUDA becomes open-source
Under the MIT license, puddinpop releases the source of their Windows-based CUDA client, open sourced by the Bitcoin Store, following a contribution by jgarzik.
September 18, 2010: Slush’s Pool mines its first block
Bitcoin Pooled Mining (operated by slush), a method by which several users work collectively to mine Bitcoins and share in the benefits, mines its first block.
September 29, 2010: Another exploit discovered
A microtransactions exploit is discovered by kermit, precipitating the release of Version 0.3.13.
October 2010
Financial task force issues warning
The Financial Action Task Force, an inter-governmental group that develops and promotes policies to prevent money laundering and funding of terrorists, publishes Money Laundering Using New Payment Methods, to warn about the use of digital currencies to finance terrorist groups.
October 2010: OpenCL miner released
The first public version of an OpenCL miner is released.
October 7, 2010
Stalled Bitcoin value begins climb
The Bitcoin exchange rate, stalled at US$0.06/BTC for several months, begins to climb.
October 10, 2010
MtGox switches to Liberty Reserve
MtGox changes its main funding option from PayPal to Liberty Reserve.
October 16, 2010
First escrow transaction takes place
Bitcoin Forum members Diablo-D3 and nanotube conduct the first recorded escrow trade of Bitcoins with theymos as escrow.
October 17, 2010
#bitcoin-otc trading channel opens
The #bitcoin-otc trading channel is registered on freenode IRC as a marketplace for over-the-counter trading of Bitcoins.
October 28, 2010
First ever short sale
Facilitated by #bitcoin-otc, the first recorded short sale of Bitcoins is initiated in the form of a 100 BTC loan from nanotube to kiba.
November 6, 2010
Market cap exceeds $1 million USD
Calculated by multiplying the number of Bitcoins in circulation by the last trade on MtGox, the Bitcoin economy exceeds US$1 million. The price on MtGox reached US$0.50/BTC.
December 7, 2010
Bitcoind compiled for Nokia N900
Bitcoin Forum member doublec compiles Bitcoind, which was written for the Nokia N900 mobile computer.
December 8, 2010
First mobile Bitcoin transaction
The first portable-to-portable transaction of Bitcoins occurs when ribuck sends doublec 0.42 BTC using Bitcoind.
December 9, 2010
Difficulty increases
The generation difficulty exceeds 10,000
December 9, 2010
First call option contract sold
The first call option contract for Bitcoins is sold on the #bitcoin-otc market. The transaction occurs between nanotube and sgomick.
2011
Silk Road opens for business
Silk Road, a Bitcoin marketplace, launches an illicit marketplace for drug deals, called the eBay for drugs.
January 2, 2011
Tonal Bitcoin standardizes its units
Tonal Bitcoin, designed for those who prefer the Tonal number system, standardizes its units.
January 8, 2011
Slush’s Pool reaches 10,000 Mhash/s
Bitcoin Pooled Mining achieves a total of 10,000 Mhash/s.
More : Top 7 hot cryptocurrencies to invest & hold in 2019 (see out articles)
January 27, 2011
Largest trade on #bitcoin-otc occurs
The largest Bitcoin trade to date occurs on #bitcoin-otc: Three Zimdollars (Zimbabwe notes that are worth one-hundred trillion dollars each) are traded for 12 BTC.
January 28, 2011
25% of total Bitcoins generated
With the generation of Block 105000, 5.25 million Bitcoins have been generated, totalling more than 25 percent of the projected total of almost 21 million.
February 9, 2011
Bitcoin reaches parity with US dollar
Bitcoin touches US$1.00/BTC at MtGox, reaches parity with the US dollar for the first time.
February 10, 2011
Bitcoin buzz puts load on Bitcoin.org
Following coverage of US$/BTC parity being reached on Slashdot and Hacker News, along with buzz on Twitter, the Bitcoin.org website struggles under increased traffic.
February 14, 2011
Vehicle offered for Bitcoins
An Australian member of the Bitcoin Forum attempts to sell his 1984 Celica Supra for 3000 BTC, and becomes the first person to offer a vehicle in exchange for Bitcoins.
February 25, 2011
WeUseCoins.com is created
WeUseCoins.com is registered and built into a Bitcoin resource and creates one of the most watched videos on Bitcoin.
March 2011
Bitcoin Market gets major update
A major update to the Bitcoin Market website reduces the minimum trade size, permits trading 24x7, and helps to ensure that payments are made for executed trades.
Also: The Abstract of Bitcoin Whitepaper by Nakamoto Satoshi
March 6, 2011
MtGox is sold, botnet joins network?
Jed McCaleb sells MtGox to Japan’s Tibanne Company. A new high of nearly 900Ghash/sec total Bitcoin network computation speed is reached.
Shortly thereafter, it drops to 500Ghash/sec. It is speculated that the reduction is the result of a supercomputer or bot-net joining the network.
March 18, 2011
A six-week slow hits the exchanges
A six-week low of nearly US$0.70/BTC exchange rate is reached after a decline following the US$1.00/BTC high on February 9 and a short burst of sales of Bitcoin at lower prices (that may have been automated).
March 25, 2011
Second largest decrease in difficulty
The second, and largest, decrease in difficulty is recorded at nearly 10 percent.
March 27, 2011
Britcoin opens for trading
Britcoin opens and becomes the first market for the exchange of Bitcoins and the British Pound Sterling (GBP).
March 31, 2011
Bitcoin Brasil opens
Bitcoin Brasil opens and becomes the first market for the exchange of Bitcoins and Brazilian Reals.
April 5, 2011
Bitmarket.eu opens its doors
BitMarket.eu opens and becomes the first market for the exchange of Bitcoins and the Polish złoty, the Euro, and several other currencies.
April 12, 2011
First put option sold
The first Bitcoin put option contract is sold on #bitcoin-otc.
April 16, 2011
TIME publishes article on Bitcoin
TIME magazine publishes an article about Bitcoin, Online Cash Bitcoin Could Challenge Governments, Banks.
April 23, 2011
Bitcoin passes parity with Euro
On MtGox, the BTC/USD exchange rate reaches and passes parity with the Euro and the British Sterling Pound. The value of Bitcoin money stock passes US$10 million.
April 27, 2011
VirWoX integrates Bitcoin
VirWoX begins trading Bitcoins against Second Life Lindens and becomes the first market to trade Bitcoins against a virtual currency.
April 30, 2011
Difficulty surpasses 100,000
The Bitcoin generation difficulty surpasses 100,000.
June 2, 2011
Bitcoin reaches $10 on MtGox
At MtGox, the exchange rate touches US$10 per BTC.
June 3, 2011
Tonal Bitcoin reaches parity at .01
Tonal Bitcoin touches US$0.01 per TBC at Bitcoin Market, reaching parity with the U.S. cent for the first time.
Want more — #1. See The First Bitcoin and Cryptocurrency Transaction to BTC Wallet in 2009.
#2. Top 1,000+ Bitcoin ATM by Country and Locations in Africa/World
Let’s go on.
So, on June 4, 2011.
Bitcoin Market drops PayPal
Bitcoin Market discontinues PayPal trading due to fraud.
June 8, 2011
Bitcoin reaches all-time high
The price of a Bitcoin on MtGox reaches an all-time high of US$31.91 with a market capitalization of around US$206 million.
June 12, 2011
The Great Bubble of 2011
In the largest percentage price decrease to-date, the MtGox Bitcon exchange rate plummeted to nearly US$10, just four days after its peak at US$31.91. The incident became known as the Great Bubble of 2011.
June 13, 2011
Largest ever Bitcoin theft reported
Bitcoin Forum member, allinvain, claims that 25,000 BTC were stolen from his wallet. At the time, the exchange rate put the amount close to US$375,000.
June 14, 2011
WikiLeaks starts accepting Bitcoin
WikiLeaks begins accepting anonymous Bitcoin donations.
June 19, 2011
Major breach at MtGox
MtGox suffers a significant breach of security that results in fraudulent trading and requires the site to be shut down for seven days.
The breach compromises the MtGox database with a leak of the user table that contains user names, email addresses, and password hashes of 60,000 accounts.
An admin account was accessed from which sell orders were issued for hundreds of thousands of Bitcoins, which forced the MtGox price down to US$17.51 to US$0.01 per Bitcoin.
June 19, 2011
TradeHill and Britcoin halt trading
Trading halts at TradeHill and Britcoin while security measures are reviewed.
Users that were registered at MyBitcoin with the same username as on MtGox had their passwords hacked and balances stolen from around 600 MyBitcoin accounts, with one user losing more than 2,000 BTC.
June 20, 2011
EFF stops accepting Bitcoin
The Electronic Frontier Foundation (EFF) discontinues the acceptance of donations in the form of Bitcoins for reasons of legal uncertainties.
June 24, 2011
Difficulty passes 1 million
With Block 133056, the Bitcoin generation difficulty passes 1 million for the first time.
June 29, 2011
BitPay launches e-wallet
BitPay launches as the first smartphone e-wallet for Bitcoins.
July 19, 2011
First NFC Bitcoin transaction
Mike Hearn goes on record, saying that his manager Tadek is the world’s first recipient of Bitcoins via NFC at 4:05 p.m. CET.
July 20, 2011
Bitcoin app for iPad released
Intervex Digital releases the first Bitcoin application to be developed for the Apple iPad, Bitcoins Mobile.
July 26, 2011
Bitomat loses 17,000 Bitcoins
Poland-based Bitomat, the world’s third largest Bitcoin exchange, loses access to its wallet.dat file and the 17,000 Bitcoins they are holding for clients.
August 5, 2011
MyBitcoin loses 150,000 Bitcoins
A week after being hacked, a MyBitcoin spokesperson explain
August 20, 2011
Bitcoin Conference and World Expo
The first Bitcoin Conference and World Expo was held in New York City, NY.
August 23, 2011
P2Pool mines its first block
The first peer-to-peer decentralized pool, P2Pool, mines its first Bitcoin mainnet block (Block 142,312).
August 30, 2011
Back-to-back drop in difficulty
The first back-to-back drop in difficulty adjustment occurs at block 143,136.
September 6, 2011
Casascius coins mint physical Bitcoins
Mike Caldwell begins minting physical Bitcoins, naming the coins Casacius Coins.
November 15, 2011
(CVE-2011–4447)
The first CVE was assigned to a Bitcoin client exploit (CVE-2011–4447).
November 25, 2011
2011 Bitcoin & Future Technology European Conference
The 2011 Bitcoin & Future Technology European Conference is held in Prague, Czech Republic.
December 12, 2011
Largest BTC fee in a single transaction
Becoming the largest amount of fees in a single transaction and the most fees in a single block, 171 BTC in fees are transacted in block 157235.
February 13, 2012
TradeHill shuts down
The second largest Bitcoin exchange in the world, TradeHill, shuts down, citing regulatory problems and the loss of US$100,000 (following a dispute with a payment processor) as contributing factors.
February 27, 2012
Bitcoin Magazine launches
Bitcoin Magazine launches with articles about Bitcoin and crypto-currency.
March 2012
Linode hacked, 46,000 BTC stolen
A security breach at Linode, a website hosting company, results in the largest theft of Bitcoins recorded to date. More than 46,000 BTC are stolen, valued at over US$228,000.
April 2012
P2SH goes live
Pay-to-script-hash (P2SH), as defined through BIP 0016, goes live.
May 2012
Bitcoin Magazine gets print edition
Bitcoin Magazine publishes its first printed issue.
May 8, 2012
SatoshiDICE responsible for over half of Bitcoin transaction volume
SatoshiDICE becomes responsible for more than half the Bitcoin blockchain transaction volume.
May 9, 2012
FBI report on Bitcoin leaked
An April 24, 2012 FBI report entitled Bitcoin Virtual Currency: Unique Features Present Distinct Challenges for Deterring Illicit Activity is leaked and brought attention to concerns that Bitcoin payment methods could facilitate illegal transactions for weapons and narcotics.
May 11, 2012
Bitcoinica hacked
Bitcoin exchange, Bitcoinica, is taken down following after hack results in a loss of over 18,000 Bitcoins, valued at approximately US$90,000.
June 2012
Coinbase is founded
Coinbase, a bitcoin wallet and platform, is founded in San Francisco, California.
June 3, 2012
Block 181919
Block 181919, with 1322 transactions, is the largest block to-date.
July 2012
Bitcoin statrtup incubator launched
BoostVC, a Bitcoin startup incubator, is launched by Adam Draper.
August 6, 2012
Complaint filed against Bitcoinica
Four Bitcoiners file a complaint against Bitcoinica with accusations of breach of contract, negligence, and three more counts.
August 20, 2012
BitInstant plans for debit cards
Charlie Shrem announces plans to introduce a Bitcoin debit card through BitInstant, a Bitcoin transfer service.
September 2012
KnCMiner is conceived
KnCMiner, a Swedish joint venture to develop Bitcoin mining hardware, is conceived.
September 3, 2012
Bitfloor hacked for 24,000 BTC
The fourth largest US Bitcoin exchange, Bitfloor, is hacked and loses 24,000 BTC (valued at approximately US$250,000 when the theft took place), which was the majority of the on-hand Bitcoins. Compromised servers result in access to encrypted backup files of wallet keys. All exchange operations are paused.
September 15, 2012
London 2012 Bitcoin Conference
The London 2012 Bitcoin Conference is held.
September 24, 2012
Bitcoin Savings and Trust Investigated for running Ponzi scheme
Phillip Moustakis, a Senior Attorney in the Enforcement Division of the U.S. Securities and Exchange Commission, sends an email that announces an investigation of Bitcoin Savings and Trust after allegations were made that the Ponzi scheme decreased the value of Bitcoins by as much as 30 percent.
September 27, 2012
Bitcoin Foundation begins
The Bitcoin Foundation is formed, implementing a core development team for the protocol and a body to oversee the digital currency.
November 15, 2012
WordPress.com accepts Bitcoin
WordPress.com announces that it accepts Bitcoins as a form of payment for users to purchase upgrades.
November 28, 2012
Halving Day
On Halving Day, Block 210,000 is the first with a block reward subsidy of 25 BTC.
December 6, 2012
Bitcoin Central licensed as bank
The first Bitcoin exchange to be licensed as a European bank is Bitcoin Central, operating within the European regulatory framework.
January 22, 2013
BitPay surpasses 10,000 transactions
BitPay, a Bitcoin payment processing company, announces that it has surpassed 10,000 Bitcoin transactions for its merchants, with no cases of payment fraud reported.
February 2013
PizzaForCoins.com opens
Matthew Birkenshaw and Riley Alexander, founders of GiftsForCoins.com, begin a new startup, PizzaForCoins.com, a service that acts as a middleman to allow users to order pizza with Bitcoins in exchange for a small BTC fee.
February 9, 2013
Mega starts accepting Bitcoin
Kim Dotcom announces that his cloud storage service, Mega, will begin accepting Bitcoin payments through bitvoucher.co, its newest reseller.
February 19, 2013
Version 0.8 released
Version 0.8 of the Bitcoin client is released. It features Bloom Filtering and improved download speeds.
February 21, 2013
Internet Archive accepts Bitcoins
Internet Archive begins accepting BTC donations so that its employees can be paid in Bitcoins.
February 22, 2013
Bitcoin goes to $30USD
The trade value of a Bitcoin reaches US$30 for the first time since 2011.
February 28, 2013
First all-time high in 601 days
With the first all-time high in 601 days, the MtGox exchange rate breaks the June 8, 2011 peak of US$31.91.
March 8, 2013
BitInstant hacked, loses $12,000
Bitcoin brokerage firm, BitInstant, acknowledges that a hack of its system resulted in the theft of nearly US$12,000 in Bitcoins.
March 11, 2013
Glitch causes halt in transactions
A significant glitch that involves two different versions of the Bitcoin software forces a halt in transactions that results in a sharp sell-off and a 23 percent drop in value to US$37. Later that evening, the exchange rate recovered much of its value.
March 12, 2013
A hard fork occurs on the blockchain
A protocol rule that was previously undiscovered results in a hard fork of the 0.8.0 reference client.
March 17, 2013
Bitcoin helps the homeless
Pensacola homeless shelter, Sean’s Outpost, ran by Jason King, begins accepting Bitcoin donations.
March 17, 2013
Let’s Talk Bitcoin! airs first episode
The audio show, Let’s Talk Bitcoin! is launched by Adam B. Levine with its first episode, and was later co-hosted by Andreas M. Antonopoulos and Stephanie Murphy, PhD.
March 18, 2013
FinCEN defines stance on Bitcoin
The Financial Crimes Enforcement Network (FinCEN) of the United States Department of the Treasury publishes its Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies, which defines its position on virtual currencies.
March 21, 2013
Bitcoin spikes to $74.90
The value of Bitcoin spikes after two days of increasing nearly 70 percent, reaching a high of US$74.90.
March 28, 2013
Market cap reaches $1 billion
The total Bitcoin market cap passes US$1 billion.
April 2013
Bitcoin surpasses $100
The value of Bitcoin on MtGox and other exchanges surpasses US$100.
April 10, 2013
Bitcoin Bubbles
Bitcoin hits an all-time high of US$266, up from only $13 the year before.
April 20, 2013
Bitcoin Crashes
Bitcoin Central is hacked, with hackers making away with “a few hundred” Bitcoins that the site’s owners agreed to fully cover.
May 2013
Gaming company caught secretly mining Bitcoins
Online gaming company ESEA is called out for secretly using customer computers to mine Bitcoins.
May 2013
Coindesk is launched by Spotify investor
Coindesk, a bitcoin-focused resource and news website is launched by Shakil Khan, an angel investor and advisor to Spotify.
May 2, 2013
Coinlab files lawsuit against MtGox
Coinlab files a lawsuit against MtGox, alleging multiple counts of breach of contract that resulted in US$75 million in damages.
May 2, 2013
First Bitcoin ATM unveiled
The first Bitcoin ATM in the world is debuted in San Diego, California.
May 7, 2013
Coinbase receives $5 million in funding
Coinbase announces a US$5 million investment from funding that is led by Union Square Ventures, becomes the largest funding of a Bitcoin startup to-date.
More: Buy Bitcoin on Coinbase using Credit/Debit Card
May 14, 2013
MtGox funds seized by Homeland
The United States Department of Homeland Security seizes over US$2.9 million from a Dwolla account that belonged to a subsidiary of MtGox because it allegedly “failed to register as a ‘money transmitting business’ in accordance with 18 U.S. Code 1960.”
May 18, 2013
PrimeDice.com launches online casino
PrimeDice.com launches as an online casino platform that accepts Bitcoin wagers.
May 23, 2013
Bitcoin Central gets hacked
Bitcoin Central is hacked, with hackers making away with “a few hundred” Bitcoins that the site’s owners agreed to fully cover.
June 10, 2013
Life on Bitcoin
Newlyweds Beck and Craig launch a Kickstarter campaign to fund a full-length documentary called Life on Bitcoin.
June 26, 2013
Bitcoin-focused web hosting provider opens for business
BitcoinWebHosting.net launches to offer performance web hosting solutions for the Bitcoin community, offering multiple hosting plans, domain registration and DDoS protection, with payment in Bitcoin.
July 2013
Winklevoss Bitcoin Trust filed
Winklevoss Bitcoin Trust is filed with the U.S. Securities Exchange Commission (SEC) by Tyler and Cameron Winkelvoss.
According to the twins that are known for their legal dispute with Facebook founder Mark Zuckerberg, the Exchange Traded Fund (ETF) is “designed for investors seeking a cost-effective and convenient means to gain exposure to Bitcoins with minimal credit risk,” amidst mixed reactions.
August 6, 2013
Bitcoin ruled currency by Texas judge
In response to a claim by Trendon Shavers, founder of Texas-based Bitcoin Savings & Trust, that Bitcoins are not real money in an attempt to sidestep SEC charges of misappropriation of funds, federal Magistrate Judge Amos Mazzant of the Eastern District of Texas rules that “Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money.”
August 9, 2013
Bloomberg gets Bitcoin ticker
The Bitcoin ticker arrives on the Bloomberg terminal so that Bloomberg employees can track the value of BTC under XBT Currency.
August 12, 2013
22 Bitcoin companies subpoenaed
The New York State Department of Financial Services (NYSDFS) issues a subpoena to 22 companies and investors that are involved with digital currencies to investigate the possibility that Bitcoins are being used for illicit activities and determine the necessity of regulatory action. The NYSDFS also wanted to ensure that funds are “safe and sound” after having received consumer complaints.
August 20, 2013
Bitcoin ruled private money in Germany
The German Federal Ministry of Finance announces that it recognizes Bitcoin as a form of private money, or a “unit of account,” and allows its use in commercial and private sales. Bitcoins become tax exempt when held for longer than one year.
August 21, 2013
Reddit raises donations for Sean’s Outpost
Reddit user, hardleft121 (a.k.a. Greg), posts a plea to garner support for Sean’s Outpost, a homeless shelter in Pensacola, Florida that was funded by Bitcoin and Litecoin donations. The campaign raises more than 32 BTC valued at US$4,000.
August 28, 2013
Robocoin starts accepting pre-orders
RoboCoin begins accepting pre-orders for its US$20,000 ATM that allows users to trade Bitcoins for other currencies.
September 9, 2013
Sean’s Outpost announces Satoshi Forest
Jason King, founder of Sean’s Outpost, a Bitcoin-funded homeless shelter in Pensacola, announces plans to build a nine-acre sanctuary in Florida for the homeless that was dubbed Satoshi Forest, to be funded by Bitcoin donations.
September 10, 2013
MtGox countersues Coinlab
MtGox demands the return of US$5 million from Coinlab in a countersuit, claiming that the funds belong to MtGox customers.
September 14, 2013
PrimeDice.com makes $15 million in 3 months
PrimeDice.com announces that it has generated more than US$15 million of turnover during its first three months of operation.
October 2, 2013
FBI shuts down Silk Road
FBI shuts down infamous online drug marketplace Silk Road, seizing 3.6 million dollars worth of bitcoins.
October 2, 2013
Bitcoin price drops after Silk Road closure, recovers
Bitcoin price drops from $139/bitcoin to $109.71/bitcoin in less than three hours in response to Silk Road shutdown. It then recovers to $128.
October 2, 2013
BitcoinTalk.org hacked
Bitcointalk.org suffers a hack that exposes users’ personal messages, e-mails, and password data. Visitors are greeted by cartoon images of missiles that appear over Tchaikovsky’s classical music opus 1812 Overture.
October 14, 2013
Baidu begins accepting Bitcoin
China’s largest search engine Baidu becomes the first service of its kind to accept Bitcoin.
October 16, 2013
Zhou Tonged — End of Silk Road
Zhou Tonged bids farewell to Silk Road with some killer shoulder swag.
October 31, 2013
BitMarket.eu closes the doors
BitMarket.eu closes the doors citing limited funding and resources. Last message on site directs inquiries to www.bitalo.com, an independent investment group.
November 6, 2013
Bitcoin sets new all-time high
The price of the Bitcoin breaks record set in April 2013, despite the Silk Road bust and fears over security, reaching US$269 per bitcoin.
November 10, 2013
Subway starts accepting Bitcoin
A Subway restaurant in Allentown, Pennsylvania begins accepting Bitcoin, becoming the first Subway in the U.S. to do so.
November 17, 2013
Bitcoin doubles
Bitcoin price hits a landmark figure at 11.50am GMT on 17 November, reaching US$503.10 on Mt. Gox.
November 18, 2013
Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies
Senate hearing titled Beyond Silk Road: Potential Risks, Threats and Promises of Virtual Currencies discusses legitimacy and challenges of virtual currencies.
November 19, 2013
Bitcoin goes above $1000
Bitcoin price surges to a record of US$1242 after Senate hearings.
November 19, 2013
Bitcoin moves more money than Western Union
Bitcoin transaction volume surpasses Western Union.
November 21, 2013
Cyprus university begins accepting Bitcoin
University of Nicosia in Cyprus becomes first university to accept Bitcoin for tuition.
November 22, 2013
Space travel becomes possible with Bitcoin
Richard Branson’s Virgin Galactic begins accepting Bitcoin for space travel.
November 27, 2013
Shopify joins Bitcoin
Shopify officially integrates bitcoin as a payment option for its 70,000+ merchants.
November 29, 2013
Bitcoin Black Friday
Bitcoin Black Friday hosts first annual Black Friday event to highlight deals from merchants and businesses accepting Bitcoin.
December 2, 2013
The biggest heist in history
96,000 Bitcoins are stolen from Sheep Marketplace, an online drug site, while the internet watches the thief move the funds wallet to wallet.
December 5, 2013
China’s Central Bank bans Bitcoin transactions
China’s central bank bars financial institutions from handling Bitcoin transactions, causing a price drop of more than 20 percent to below $1,000.
December 6, 2013
Baidu stops bitcoin payments
Baidu stops accepting bitcoins after China ban.
December 17, 2013
China’s Central Bank bans Bitcoin transactions
Bitcoin crashes to nearly US$500 after further is banned from accepting deposits in yuan.
January 26, 2014
BitInstant CEO charged with money laundering
Charlie Shrem, CEO of BitInstant is arrested over allegations of money laundering in connection with Silk Road. He is arrested at JFK airport for charges filed in a Manhattan federal court.
January 28, 2014
Charlie Shrem resigns from the Bitcoin Foundation
Charlie Shrem resigns from his position as Vice Chairman of the Bitcoin Foundation.
JANUARY 3, 2009
The Genesis Block was mined.
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