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Mar 09

bitcoin history

2007 Satoshi Nakamoto… the legend. According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007. While he is on record as living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person. October 31, 2008 The white paper is published. Nakamoto publishes a design paper through a cryptography mailing list that describes the Bitcoin currency and solves the problem of double spending so as to prevent the currency from being copied. January 3, 2009 The Genesis Block is mined. Block 0, the genesis block, is established at 18:15:05 GMT. 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. 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 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. 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. 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. August 20, 2011 Bitcoin Conference and World Expo. The first Bitcoin Conference and World Expo was held in New York City, NY. December 20, 2012 is launched. Mahin Gupta launches India’s first Bitcoin Exchange. March 28, 2013 Market cap reaches $1 billion. The total Bitcoin market cap passes US$1 billion. May 2, 2013 First Bitcoin ATM unveiled. The first Bitcoin ATM in the world is debuted in San Diego, California. 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 22, 2013 Space travel becomes possible with Bitcoin. Richard Branson’s Virgin Galactic begins accepting Bitcoin for space travel. January 9, 2014 Overstock accepts bitcoin. May 8, 2014 Federal Election Commission approves bitcoin donations to political committees. September 23, 2014 PayPal starts accepting bitcoin payments for merchants. October 31, 2014 Zebpay launches a simple bitcoin wallet with a mission to spread bitcoins to billions. December 11, 2014 Microsoft announces that it will accept bitcoin on its platform. March, 2015 Japanese e-commerce giant Rakuten Inc. accepts Bitcoin payments. April, 2015 Rand Paul became first Presidential Candidate to accept Bitcoin. May, 2015 First regulated bitcoin-based security began trading in Stockholm. August, 2015 On August 8 2015, BitLicense came into effect in New York. September, 2015 Bitcoin is a Commodity according to The Commodity Futures Trading Commission. November, 2015 The mysterious creator of bitcoin has been nominated for the Nobel Prize in Economics. April, 2016 You can now buy games on Steam using Bitcoin. June, 2016 Bitcoin hits two-year high ahead of key event trading at $703. October, 2016 Swiss railway ticket machines to sell Bitcoin digital currency. December, 2016 Bitcoin enjoys end of year price surge has hit a three-year high with each one now worth about $900. January 2, 2017 Bitcoin tops $1,000 for first time in three years as 2017 trading begins. March 1, 2017 Value of 1 bitcoin surpassed the spot price of an ounce of gold for the first time. April 1, 2017 Japan passed a law to accept bitcoin as a legal payment method. May 20, 2017 The price of one Bitcoin passed $2,000 for the first time. June, 2017 The bitcoin symbol ? was encoded in Unicode version 10.0 at position U+20BF. June 12, 2017 Reached an all-time high of $3,000. August 1, 2017 Bitcoin Cash is born. Bitcoin crosses $4000. August 15, 2017 Blockstream launches Bitcoin Satellite helping broadcast bitcoin from space. August 23, 2017 Segwit activates on Bitcoin. October 30, 2017 CBOE and CME decide to launch Bitcoin Futures, price crosses $6000. November 28, 2017 Bitcoin hits $10,000 for the very first time, 10x since starting the year at $1000. December 18, 2017 CME futures open at $20,000 on the first day of trading. Hits $20,000 on spot markets in some Asian countries.