Part Two
The first Bitcoin transaction was between Satoshi Nakamoto and Hal Finney for 100 Bitcoin. A new website was announced and the first version of the P2P Foundation software was published. The first trading price between this currency and the dollar was published and 1 Bitcoin was worth 0.001 dollars.
2010
Laszlo Hanyecz bought Bitcoin for 10,000 bitcoins. Created a trading card exchange that later became the largest exchange for this currency. Sent a message saying that Satoshi Nakamoto had left the project, meaning that he would move on to another project.
2011
Bitcoin rose to become equivalent to the dollar and then the euro.[] The media took an interest in this currency and the value of one bitcoin rose to $31.
On March 22, 2011, "WeUseCoins" posted the first viral video[] which received over 6.4 million views. On December 23, 2011, Douglas Feigelson of BitBills filed a patent application for "the creation and use of digital currency" with the United States Patent and Trademark Office.
2012
A foundation was created to unify and protect this currency and the European Central Bank published a detailed report on virtual currencies. WordPress accepts the currency to pay for additional services.[51] A reward for the mining division was set ranging from 25-50 bitcoins.
2013
The currency exceeds a thousand dollars in the United States.[53] The sudden rise of this currency and the central banks in China, France, Mauritius, and India are panicking.[54] The Indian central bank, in turn, is calling about virtual currencies, especially Bitcoin. Apple has allowed trading in the use of the currency through its applications.
2014
Overstock becomes largest online retailer to accept Bitcoin The University of Cumbria in England pays tuition fees in Bitcoin. The giant computer retailer Tiger Direct also helped by accepting the currency in its transactions, but the Central Bank of the Soviet Union issued a warning against it. Mt. Gox, the oldest exchange that used Bitcoin, was closed down and then officially declared bankruptcy. The historic platform Vercorex subsequently suspended its operations in French Monoprix stores and announced its move to accept Bitcoin, a group of retail stores present in France and a few other countries. [] The economic and financial information site Bloomberg LP shows the path of Bitcoin. Bloomberg LP is an international news agency that provides reports on financial news.
Thus, the huge economic doors began to open by accepting dealing with the currency, and it became a huge economic force and continues to this day.
Important references:
^ Jerry Brito; Andrea Castillo (2013). "Bitcoin: A Primer for Policymakers" (PDF). Mercatus Center. George Mason University. Archived from the original (PDF) on 2016-10-08. Retrieved 2013-10-22.
^ "Bitcoin backer BitPay dumps St. Pete Bowl sponsorship". Archived from the original on 2017-08-19. Retrieved 2015-04-02.
^ "BitPay to Sponsor St. Petersburg Bowl in First Major Bitcoin Sports Deal". Archived from the original on 2020-04-14. Retrieved 2014-06-18.
^
Chaum, David (1983). "Blind signatures for untraceable payments" (PDF). Advances in Cryptology Proceedings of Crypto. Vol. 82, p. 3: 199–203. DOI:10.1007/978-1-4757-0602-4_18. Archived from the original (PDF) on 2020-12-29.
Chaum, David; Fiat, Amos; Naor, Moni. "Untraceable Electronic Cash" (PDF). Lecture Notes in Computer Science. Archived from the original (PDF) on 2020-05-23.
^ "Cryptsy CEO Stole Millions From Exchange, Court Receiver Alleges". CoinDesk. August 11, 2016. Archived from the original on 2018-11-18.