Cryptpresso - Timeline

Bitcoin described in a white paper

November 1, 2008

A paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published on the cryptography mailing list at It solved the double-spending problem for digital currency using a peer-to-peer network. Allegedly it was written by a Japanese guy called Satoshi Nakamoto.

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Genesis block is mined

January 3, 2009

The first bitcoin block called the “Genesis block” was mined. It enabled the first version of bitcoin to be released. By the year 2140, it will have generated precisely 21 million bitcoins.

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The first bitcoin transaction

January 12, 2009

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

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The first exchange rate for bitcoin is established

October 5, 2009

Someone under the name New Liberty Standard established a bitcoin exchange rate on the bitcoin forum. It was set at 1,309.03 bitcoins per one US dollar, calculated with an equation that included the cost of electricity to run a computer that generated bitcoins.

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The first bitcoin to USD transaction

October 12, 2009

Martti Malmi a.k.a. Sirius, a software developer from Finland, sold 5,050 BTC for just $5,02 to NewLibertyStandard. The transaction was realized using PayPal. View information about this transaction

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Bitcoin currency exchange is born

February 6, 2010

The first real-world transaction with bitcoins

May 22, 2010

A Hungarian born software architect from Florida, Laszlo Hanecz, bought two pizzas with 10.000 bitcoins. 

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Mt. Gox is established

July 17, 2010

Programmer Jed McCaleb launched an exchange market for trading bitcoin and regular currencies. In the next few years, this exchange market would handle over 70% of all bitcoin transactions worldwide.

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Bitcoin market cap reaches 1 million US dollars

November 6, 2010

By multiplying the number of bitcoins at that time with the price of one bitcoin that exceeded $0.5, market cap reached over 1 million dollars for the first time.

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Silk Road opens for business

January 1, 2011

Silk Road was the first bitcoin marketplace which allowed people to buy and sell drugs online anonymously using bitcoin.

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Bitcoin reaches parity with US dollar for the first time

February 9, 2011

The first vehicle is offered

February 14, 2011

A guy from Australia offered 1984 Celica Supra for 3,000 bitcoins.

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TIME publishes article on bitcoin

April 16, 2011

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