Cryptpresso - Timeline

Bitcoin (BTC) is described in a whitepaper

November 1, 2008

A whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” is published on the cryptography mailing list at metzdowd.com. It solves the double-spending problem for digital currency using a peer-to-peer network. A mysterious Japanese figure known as Satoshi Nakamoto claims to have written the whitepaper.

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Genesis block is mined

January 3, 2009

The first Bitcoin block – known as the “Genesis block” – is mined. It enables the first version of Bitcoin to be released. By the year 2140, it will have generated precisely 21 million BTC.

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The first Bitcoin transaction occurs

January 12, 2009

Hal Finney, a developer and cryptographic activist, received 10 BTC from Satoshi Nakamoto himself. It was the first transaction between two individual computers using Bitcoin.

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The first exchange rate for BTC is established

October 5, 2009

Someone under the name New Liberty Standard establishes a BTC exchange rate on the Bitcoin forum. The rate is set at 1,309.03 BTC for one US dollar, calculated using an equation that factors in the electricity costs of mining BTC on a computer.

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The first BTC to USD transaction takes place

October 12, 2009

Martti Malmi (a.k.a. Sirius), a software developer from Finland, sells 5,050 BTC for just $5.02 to NewLibertyStandard. The transaction takes place using PayPal. You can learn more about this transaction here.

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Bitcoin currency exchange is born

February 6, 2010

The first real-world transaction with BTC takes place

May 22, 2010

A Hungarian-born software architect from Florida, Laszlo Hanecz, spends 10,000 BTC to buy two pizzas. 

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Bitcoin is featured on Slashdot

July 11, 2010

The release of Bitcoin version 0.3 is featured on slashdot.org, a popular news and technology website. Reaching a large audience of technophiles, the article brings many new people on board. That drives the exchange value of a single Bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days.

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Mt. Gox is established

July 17, 2010

Programmer Jed McCaleb launches an exchange market allowing people to trade BTC for regular (fiat) currencies. In the following years, this exchange would handle over 70 percent of all BTC transactions worldwide.

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Bitcoin market cap reaches US$1 million

November 6, 2010

By multiplying the number of BTC at that time with the price of one BTC (which now exceeds $0.50), the total market cap grows to over US$1 million for the first time.

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The Silk Road opens for business

January 1, 2011

The Silk Road is the first Bitcoin marketplace that allows people to buy and sell drugs online anonymously (and illegally) using BTC.

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Bitcoin reaches parity with US dollar for the first time

February 9, 2011

The first vehicle is offered in exchange for BTC

February 14, 2011

A man from Australia offers to sell his 1984 Celica Supra for 3,000 BTC.

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TIME publishes an article about Bitcoin

April 16, 2011

“The Good Wife” airs “Bitcoin for Dummies” TV episode

December 19, 2011

The Good Wife – which explores the relationship between technology and the law – becomes the first major TV show to air a Bitcoin-themed episode. About 9.45 million viewers watch the episode, giving Bitcoin massive exposure. For more TV shows about Bitcoin, click here: TV Shows About Cryptocurrency

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Bitcoin Magazine launches

February 27, 2012

Bitcoin Magazine is launched by Mihai Alisie and Vitalik Buterin, the creator of Ethereum. It serves as the first specialized source of news, information, and expert commentary on Bitcoin, blockchain technology, and digital currencies. The first issue is published in May, 2012.

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Bitcoin blockchain forks

March 12, 2013

At block 225430, Bitcoin’s blockchain literally splits into two, with one half of the network adding blocks to one version of the chain, and the other half adding to the other. The split lasts for 24 blocks or 6 hours, finally resolving itself when one version of the chain conclusively pulls ahead of the other at block 225454, leaving the other chain largely abandoned.

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First episode of Let’s Talk Bitcoin airs

March 17, 2013

Adam B. Levine joins Let’s Talk Bitcoin co-hosts Stephanie Murphy and Andreas Antonopoulos to provide current news, topical interviews, and studied analysis of the market.

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Market capitalization reaches US$1 billion

March 28, 2013

Bitcoin’s price increases 152 percent in a month, and the combined value of all BTC in circulation surpasses US$1 billion. The milestone comes as the total number of BTC nears 11 million. This represents a huge jump from the previous record value of $32, recorded just one month before.

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The first Bitcoin ATM opens

October 29, 2013

The world’s first Bitcoin ATM opens in Vancouver, Canada. The machine exchanges BTC for cash and vice-versa, using palm and ID scans for security purposes.

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Mt. Gox closes its website and exchange tradings

February 24, 2014

The Japanese-based Mt. Gox exchange falls victim to a massive cyber attack, leading to its bankruptcy. Mt. Gox loses about 740,000 BTC, meaning that approximately six percent of the 12.4 million Bitcoins currently in circulation are considered missing.

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Microsoft accepts payments in Bitcoin

December 11, 2014

Microsoft announces on its blog that it will accept BTC from US customers in exchange for “apps, games and other digital content” offered on the Windows and Xbox online stores. Microsoft partners Bitpay to process these BTC transactions.

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Ethereum hard-forks into ETH and ETC

July 2, 2016

The Ethereum network hard-forks into Ethereum (ETH) and Ethereum Classic (ETC) after an ethical and ideological battle related to the network’s Decentralized Autonomous Organization (the DAO). This split causes long-lasting political debates within the Ethereum community.

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Bitcoin reaches its all-time high price

December 18, 2017

Bitcoin’s historic price run reaches its peak on December 18, 2017, when it stops just short of US$20,000.

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