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.

By the way you can learn a lot of free courses at BitDegree. Still at BitDegree, if you want to be a Blockchain Mastermind you can check it out as well.

 

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.

 

History Of Bitcoin

 

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

 

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 24×7, and helps to ensure that payments are made for executed trades.

 

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.

 

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.

 

 

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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.

 

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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Resource Ref: Historyofbitcoin.org

Isuamfon Offiong

I am Offiong Isuamfon. I Value People 100% Over Profits. After being scammed my last BTC, I HAD to "Delete ALL my Articles" on 19th June 2018 to start ALL OVER AGAIN to protect Beginners against Crypto Vulnerabilities & Making Unsmart Investments in the Crypto/Blockchain Tech. More on meet-the-founder-page

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