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. He has said in a P2P foundation profile that he is from Japan. Beyond that, not much else is known about him and his identity. He has been working on the Bitcoin project since 2007.
Bitcoin.org is born! The domain was registered at anonymousspeech.com, a site that allows users to anonymously register domain names and currently accepts Bitcoins.
Satoshi Nakamoto publishes 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.
The Bitcoin project is registered on SourceForge.net, a community collaboration website focused on the development and distribution of open source software.
Block 0, the genesis block, is established at 18:15:05 GMT, with the very peculiar message embedded: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.
The first version of Satoshi’s client, includes only 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.
The first transaction of Bitcoin currency, in block 170, takes place between Satoshi and Hal Finney, a developer and cryptographic activist. Hal Finney was the recipient of the first Bitcoin transaction. Finney has a long involvement in the crypto community. For years, he worked with the PGP Corporation developing one of the most prominent encryption products. He ran the first cryptologicially-based anonymous remailer and was involved with the cypherpunks mailing list. https://bitcointalk.org/index.php?topic=155054.0
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.
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.
Mention of Bitcoin Client version 0.3 on slashdot brings in a large number of new Bitcoin users.
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.
The MtGox Bitcoin currency exchange market is established by Jed McCaleb.
Bitcoin Pooled Mining (operated by slush), a method by which several users work collectively collaborate in efforts to mine Bitcoins and share in the benefits, mines its first block.
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.
The Bitcoin exchange rate, stalled at US$0.06/BTC for several months, begins to climb.
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.
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.
Silk Road, a Bitcoin marketplace, launches an illicit marketplace for drug deals, called the eBay for drugs.
Bitcoin touches US$1.00/BTC at MtGox, reaches parity with the US dollar for the first time.
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.
Jed McCaleb sells the MtGox website to Japan’s Tibanne Company, run by Mark Carpeles. A new high of nearly 900Ghash/sec total Bitcoin network computation speed is reached. Jed McCaleb goes on to later found the coins XRP and Stellar, currently in position #3 and #5 by total market capitalization.
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).
TIME magazine publishes an article about Bitcoin and how Online Cash Bitcoin Could Challenge Governments, Banks. http://techland.time.com/2011/04/16/online-cash-bitcoin-could-challenge-governments/
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.
The Bitcoin generation difficulty surpasses 100,000.
At MtGox, the exchange rate touches US$10 per BTC.
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.
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.
WikiLeaks begins accepting anonymous Bitcoin donations.
The Electronic Frontier Foundation (EFF) discontinues the acceptance of donations in the form of Bitcoins for reasons of legal uncertainties.
The 2011 Bitcoin and Future Technology European Conference is held in Prague, Czech Republic.
Bitcoin Magazine launches with articles about Bitcoin and crypto-currency.
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.
SatoshiDICE becomes responsible for more than half the Bitcoin blockchain transaction volume.
Coinbase, a bitcoin wallet and platform, is founded in San Francisco, California.
The Bitcoin Foundation is formed, implementing a core development team for the protocol and a body to oversee the digital currency. The foundation was formed in late 2012, after bitcoin had earned a reputation for criminality and fraud, and was modeled on the Linux Foundation. The chairman of the board at the founding was Peter Vessenes. Former lead bitcoin developer Gavin Andresen was hired by the foundation as “chief scientist.” In June 2013, the foundation received a letter from the California Department of Financial Institutions requesting that they “cease and desist from conducting the business of money transmission in this state,” and again when it published their detailed response to the regulators. In November 2013, Patrick Murck, general counsel of the foundation, testified before a United States Senate committee convened to assess digital currencies, at which the reception of bitcoin by lawmakers was generally positive. https://en.wikipedia.org/wiki/Bitcoin_Foundation
On Halving Day, Block 210,000 is the first with a block reward subsidy of 25 BTC.
The trade value of a Bitcoin reaches US$30 for the first time since 2011.
With the first all-time high in 601 days, the MtGox exchange rate breaks the June 8, 2011 peak of US$31.91.
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.
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.
The value of Bitcoin spikes after two days of increasing nearly 70 percent, reaching a high of US$74.90.
In March of 2013, the government of Cyprus announced a bail-in for banks, meaning that the financial institutions would have to impose losses on their shareholders, debt holders and even large depositors. After the bail-in was announced people ended up rushing to their bank accounts to withdraw funds and a lot ended up putting the money into bitcoin, where governments could not touch it. Bitcoins were growing slowly until Cyprus. Cyprus was the catalyst for the big increase in the price. The price started trading at about $40 and then doubled within a couple of days. Because of Cyprus, prices pushed towards $200, but dropped to about $60 after the banking crisis abated and surprise internet attacks on a few of the exchanges. Those attacks caused these exchanges to go offline for short periods. After a summer lull of relatively stability, the crypto-currency started making headlines again as the latest, safe-from-government-seizure, investment vehicle.
The total Bitcoin market cap passes US$1 billion.
The value of Bitcoin on MtGox and other exchanges surpasses US$100.
Bitcoin hits an all-time high of US$266, up from only $13 the year before.
Coindesk, a bitcoin-focused resource and news website is launched by Shakil Khan, an angel investor and advisor to Spotify.
The first Bitcoin ATM in the world is debuted in San Diego, California.
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.
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.”
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.
The Bitcoin ticker arrives on the Bloomberg terminal so that Bloomberg employees can track the value of BTC under XBT Currency.
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.
FBI shuts down infamous online drug marketplace Silk Road, seizing 3.6 million dollars worth of bitcoins.
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.
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.
Bitcoin price hits a landmark figure at 11.50am GMT on 17 November, reaching US$503.10 on Mt. Gox.
Senate hearing titled Beyond Silk Road: Potential Risks, Threats and Promises of Virtual Currencies discusses legitimacy and challenges of virtual currencies.
Bitcoin price surges to a record of US$1242 after Senate hearings.
Bitcoin transaction volume surpasses Western Union.
University of Nicosia in Cyprus becomes first university to accept Bitcoin for tuition.
Richard Branson’s Virgin Galactic begins accepting Bitcoin for space travel.
Shopify officially integrates bitcoin as a payment option for its 70,000+ merchants.
China’s central bank bars financial institutions from handling Bitcoin transactions, causing a price drop of more than 20 percent to below $1,000.
Th Ethereum whitepaper is released by Vitalik Buterin. His proposed technology is a Smart Contract blockchain, which will end up becoming the #2 coin in market cap and probably the coins with most development efforts in current times.
Bitcoin crashes to nearly US$500 after further is banned from accepting deposits in Yuan.
Mt. Gox exchange, the largest bitcoin exchange at the time, said that 850,000 bitcoins had been stolen from its customers, amounting to almost $500 million. Bitcoin’s price fell by almost half, from $867 to $439 (a 49% drop). Prices would remain stagnant until late 2016.
Newsweek says it knows the answer. In its latest issue, the magazine reports that Bitcoin’s creator is a cranky 64-year-old Japanese-American programmer living in Southern California who wasn’t too enthusiastic about being discovered. https://www.technologyreview.com/s/525381/newsweek-says-its-found-bitcoin-creator-satoshi-nakamoto/
Mt. Gox, once the world’s biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company’s bid to resuscitate its business, the court-appointed administrator said on Wednesday. CEO Mark Karpeles is also likely to be investigated for liability in the collapse of the Tokyo-based firm, the provisional administrator, lawyer Nobuaki Kobayashi, said in a statement published on the Mt. Gox website. https://www.reuters.com/article/us-bitcoin-mtgox/mt-gox-set-to-liquidate-as-court-denies-rehabilitation-idUSBREA3F09U20140416
The Ethereum project is launched with Crowdfunding as its first Smart Contract
Paypal begins to allow its merchants to accept Bitcoin payments
Microsoft starts accepting Bitcoin payments on its website
The European Court of Justice rules that the exchange of Bitcoin and cyptocurrencies is NOT subject to VAT in the European Union.
The Bitcoin currency symbol is accepted by the Unicode Committee as an uppercase B with two vertical bars going trhough it.
A public statement is released by a group of influential members of the Bitcoin community, proposing their support for a new functionality named, Segregated Witness. This feature would require a hard fork, but eventually allow to increase the block size limit by compressing the signatures for all transactions into one.
Bitcoin rewrads is decreased by half to 12.5 BTC per block
The US government denies the application of Tyler and Cameron Winklevoss to operate an exchange traded fund.
Bitcoin price shoots up to hit another record high and suprassed the $3.000 USD mark
Bitcoin splits into Bitcoin and Bitcoin Cash
The Bitcoin price hits historic new milestone and reaches $5.000 USD
Cboe Global Markets starts futures trading of Bitcoin. For a brief moment, prices touch $20,000.
On the 10 year anniversary of Bitcoin, price holds steady above $6,000 during a period of historically low volatility.[
JPMorgan, Bloomberg et el, get on the Blockchain train: Real Estate example disruption: This 36.5 million dollar condominium has just been sliced into digital shares, and you could own a piece of it.