Bitcoin History Timeline 2007 – 2016

2007

The Legend

According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007.

 

2008

August 15, 2008

Three individuals, Neal Kin, Vladimir Oksman, and Charles Bry file an application for an encryption patent application. All three individuals deny having any connection to Satoshi Nakamoto, the alleged originator of the Bitcoin concept.

August 18, 2008

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.

October 31, 2008

Despite the above, Satoshi Nakamoto releases his white paper, revealing his idea for a purely peer-to-peer version of electronic cash to the world. 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.

November 9, 2008

The Bitcoin project is registered on SourceForge.net, a community collaboration website focused on the development and distribution of open source software.

 

2009

January 3, 2009

The first block, nicknamed ‘Genesis’ is launched allowing the initial ‘mining’ of Bitcoins to take place. Block 0, the genesis block, is established at 18:15:05 GMT.

January 9, 2009

Version 0.1 of Bitcoin is released. Compiled with Microsoft Visual Studio for Windows, it lacks 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.

January 12, 2009

The first transaction of Bitcoin currency, in block 170, takes place between Satoshi and Hal Finney, a developer and cryptographic activist.

October 5, 2009

Bitcoin receives an equivalent value in traditional currencies. The New Liberty Standard established the value of a Bitcoin at $1 = 1,309 BTC. The equation was derived so as to include the cost of electricity to run the computer that created the Bitcoins in the first place.

December 16, 2009

Version 0.2 of Bitcoin is released.

December 30, 2009

The first difficulty increase occurs at 06:11:04 GMT.

 

2010

February 6, 2010

The world’s first Bitcoin market is established by dwdollar (now defunct) as a Bitcoin currency exchange.

February 18, 2010

The encryption patent application that was filed on August 15, 2008 by Neal Kin, Vladimir Oksman, and Charles Bry was published.

May 22, 2010

A programmer living in Florida named Laslo Hanyecz sends 10,000BTC to a volunteer in England, who spent about $25 to order Hanyecz a pizza from Papa John’s.

The first, real-world transaction. At the time, the exchange rate put the purchase price for the pizza at around US$25.

July 7, 2010

Version 0.3 of Bitcoin is released.

July 11, 2010

Mention of Bitcoin v0.3 on slashdot brings in a large number of new Bitcoin users.

July 12, 2010

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.

July 17, 2010

The MtGox Bitcoin currency exchange market is established by Jed McCaleb.

July 18, 2010

ArtForz establishes an OpenGL GPU hash farm and generates his first Bitcoin block.

August 15, 2010

Bitcoin is hacked. A vulnerability in how the system verifies the value of Bitcoin is discovered, leading to the generation of 184 billion Bitcoins. The value of the currency – from a high of $0.80 to $1 in June drops through the floor.

September 29, 2010

A microtransactions exploit is discovered by kermit, precipitating the release of Version 0.3.13.

October 2010

Bitcoin goes under the spotlight. After the hack in August – and a subsequent discovery of other vulnerabilities in the blockchain in September – an inter-governmental group publishes a report on money laundering using new payment methods. Bitcoin, it suggested could help people finance terrorist groups.

October 7, 2010

The Bitcoin exchange rate, stalled at US$0.06/BTC for several months, begins to climb.

October 10, 2010

MtGox changes its main funding option from PayPal to Liberty Reserve.

October 16, 2010

Bitcoin Forum members Diablo-D3 and nanotube conduct the first recorded escrow trade of Bitcoins with theymos as escrow.

October 28, 2010

Facilitated by #bitcoin-otc, the first recorded short sale of Bitcoins is initiated in the form of a 100 BTC loan from nanotube to kiba.

November 6, 2010

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.

 

2011

January 2011

The Silk Road, an illicit drugs marketplace is established, using Bitcoin as an untraceable way to buy and sell drugs online.

January 28, 2011

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 touches US$1.00/BTC at MtGox, reaches parity with the US dollar for the first time.

February 14, 2011

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.

March 6, 2011

Jed McCaleb sells MtGox to Japan’s Tibanne Company. A new high of nearly 900Ghash/sec total Bitcoin network computation speed is reached. Shortly thereafter, it drops to 500Ghash/sec. It is speculated that the reduction is the result of a supercomputer or bot-net joining the network.

June 2, 2011

At MtGox, the exchange rate touches US$10 per BTC.

June 4, 2011

Bitcoin Market discontinues PayPal trading due to fraud.

June 8, 2011

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.

June 12, 2011

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.

June 13, 2011

Bitcoin Forum member, allinvain, claims that 25,000 BTC were stolen from his wallet. At the time, the exchange rate put the amount close to US$375,000.

June 14, 2011

WikiLeaks begins accepting anonymous Bitcoin donations.

June 19, 2011

MtGox suffers a significant breach of security that results in fraudulent trading and requires the site to be shut down for seven days. The breach compromises the MtGox database with a leak of the user table that contains user names, email addresses, and password hashes of 60,000 accounts.

An admin account was accessed from which sell orders were issued for hundreds of thousands of Bitcoins, which forced the MtGox price down to US$17.51 to US$0.01 per Bitcoin.

June 19, 2011

Trading halts at TradeHill and Britcoin while security measures are reviewed. Users that were registered at MyBitcoin with the same username as on MtGox had their passwords hacked and balances stolen from around 600 MyBitcoin accounts, with one user losing more than 2,000 BTC.

June 20, 2011

The Electronic Frontier Foundation (EFF) discontinues the acceptance of donations in the form of Bitcoins for reasons of legal uncertainties.

June 24, 2011

With Block 133056, the Bitcoin generation difficulty passes 1 million for the first time.

June 29, 2011

BitPay launches as the first smartphone e-wallet for Bitcoins.

July 26, 2011

Poland-based Bitomat, the world’s third largest Bitcoin exchange, loses access to its wallet.dat file and the 17,000 Bitcoins they are holding for clients.

August 5, 2011

A week after being hacked, a MyBitcoin spokesperson explains how the Bitcoin transaction processor lost over 150,000 Bitcoins, worth over US$2 million at the time.

August 20, 2011

The first Bitcoin Conference and World Expo was held in New York City, NY.

November 25, 2011

The 2011 Bitcoin & Future Technology European Conference is held in Prague, Czech Republic.

December 12, 2011

Becoming the largest amount of fees in a single transaction and the most fees in a single block, 171 BTC in fees are transacted in block 157235.

 

2012

February 13, 2012

The second largest Bitcoin exchange in the world, TradeHill, shuts down, citing regulatory problems and the loss of US$100,000 (following a dispute with a payment processor) as contributing factors.

March, 2012

A security breach at Linode, a website hosting company, results in the largest theft of Bitcoins recorded to date. More than 46,000 BTC are stolen, valued at over US$228,000.

May 9, 2012

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.

May 11, 2012

Bitcoin exchange, Bitcoinica, is taken down following after hack results in a loss of over 18,000 Bitcoins, valued at approximately US$90,000.

June, 2012

Coinbase, a bitcoin wallet and platform, is founded in San Francisco, California.

June 3, 2012

Block 181919, with 1322 transactions, is the largest block to-date.

August 6, 2012

Four Bitcoiners file a complaint against Bitcoinica with accusations of breach of contract, negligence, and three more counts.

September 3, 2012

The fourth largest US Bitcoin exchange, Bitfloor, is hacked and loses 24,000 BTC (valued at approximately US$250,000 when the theft took place), which was the majority of the on-hand Bitcoins. Compromised servers result in access to encrypted backup files of wallet keys. All exchange operations are paused.

September 15, 2012

The London 2012 Bitcoin Conference is held.

September 24, 2012

Phillip Moustakis, a Senior Attorney in the Enforcement Division of the U.S. Securities and Exchange Commission, sends an email that announces an investigation of Bitcoin Savings and Trust after allegations were made that the Ponzi scheme decreased the value of Bitcoins by as much as 30 percent.

September 27, 2012

The Bitcoin Foundation is formed, implementing a core development team for the protocol and a body to oversee the digital currency.

November 15, 2012

WordPress.com announces that it accepts Bitcoins as a form of payment for users to purchase upgrades.

November 28, 2012

On Halving Day, Block 210,000 is the first with a block reward subsidy of 25 BTC.

December 6, 2012

The first Bitcoin exchange to be licensed as a European bank is Bitcoin Central, operating within the European regulatory framework.

 

2013

January 22, 2013

BitPay, a Bitcoin payment processing company, announces that it has surpassed 10,000 Bitcoin transactions for its merchants, with no cases of payment fraud reported.

January 31, 2013

The first ASICs are shipped. These specially designed chips for Bitcoin mining or the proverbial shovels for the digital gold rush. Check out Motherboard’s interview with Yifu Guo, the creator of the first consumer ASIC system, which can essentially print money from the comfort of your home. A mining rig sells for $20,000 on Ebay, 13 times the retail price.

February 2013

Matthew Birkenshaw and Riley Alexander, founders of GiftsForCoins.com, begin a new startup, PizzaForCoins.com, a service that acts as a middleman to allow users to order pizza with Bitcoins in exchange for a small BTC fee.

February 19, 2013

Version 0.8 of the Bitcoin client is released. It features Bloom Filtering and improved download speeds.

February 22, 2013

The trade value of a Bitcoin reaches US$30 for the first time since 2011.

March 8, 2013

Bitcoin brokerage firm, BitInstant, acknowledges that a hack of its system resulted in the theft of nearly US$12,000 in Bitcoins.

March 17, 2013

Pensacola homeless shelter, Sean’s Outpost, ran by Jason King, begins accepting Bitcoin donations.

March 18, 2013

The US Financial Crimes Enforcement Network (FINCEN) issues some of the world’s first bitcoin regulation in the form of a guidance report for persons administering, exchanging or using virtual currency. This marked the beginning of an ongoing debate on how best to regulate bitcoin.

March 19, 2013

EU authorities seize Cyprus banking deposits: The fiasco causes a surge in Bitcoin interest. Governments can’t seize your digital wallet, proclaim crypto-believers. The price of bitcoins break $50.

March 21, 2013

The value of Bitcoin spikes after two days of increasing nearly 70 percent, reaching a high of US$74.90.

March 28, 2013

The total Bitcoin market cap passes US$1 billion.

April, 2013

The value of Bitcoin on MtGox and other exchanges surpasses US$100.

April 10, 2013

Bitcoin hits an all-time high of US$266, up from only $13 the year before.

April 20, 2013

Bitcoin Central is hacked, with hackers making away with “a few hundred” Bitcoins that the site’s owners agreed to fully cover.

May 2, 2013

Coinlab files a lawsuit against MtGox, alleging multiple counts of breach of contract that resulted in US$75 million in damages.

May 2, 2013

The first Bitcoin ATM in the world is debuted in San Diego, California.

May 7, 2013

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.

May 14, 2013

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.”

July, 2013

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.

August 2013

Federal Judge Mazzant claims: “It is clear that Bitcoin can be used as money” and “It can be used to purchase goods or services” in a case against Trendon Shavers, the so-called ‘Bernie Madoff of bitcoin’. Bloomberg begins testing bitcoin data on its terminal. Although alternative tickers exist, endorsement from Bloomberg gives bitcoin more institutional legitimacy.

August 20, 2013

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.

September 9, 2013

MtGox demands the return of US$5 million from Coinlab in a countersuit, claiming that the funds belong to MtGox customers.

September 14, 2013

PrimeDice.com announces that it has generated more than US$15 million of turnover during its first three months of operation.

October 2, 2013

FBI shuts down infamous online drug marketplace Silk Road, seizing 3.6 million dollars worth of bitcoins.

October 2, 2013

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.

October 2, 2013

Bitcointalk.org suffers a hack that exposes users’ personal messages, e-mails, and password data. Visitors are greeted by cartoon images of missiles that appear over Tchaikovsky’s classical music opus 1812 Overture.

October 14, 2013

China’s largest search engine Baidu becomes the first service of its kind to accept Bitcoin.

October 31, 2013

BitMarket.eu closes the doors citing limited funding and resources. Last message on site directs inquiries to www.bitalo.com, an independent investment group.

November 2013

Bitcoin price climbs to $700 in as the US Senate holds its first hearings on the digital currency. The Federal Reserve chairman at the time, Ben Bernanke, gives his blessing to bitcoin. In his letter to the Senate homeland security and government affairs committee, Bernanke states that bitcoin “may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system”.

November 6, 2013

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.

November 17, 2013

Bitcoin price hits a landmark figure at 11.50am GMT on 17 November, reaching US$503.10 on Mt. Gox.

November 18, 2013

Senate hearing titled Beyond Silk Road: Potential Risks, Threats and Promises of Virtual Currencies discusses legitimacy and challenges of virtual currencies.

November 19, 2013

Bitcoin price surges to a record of US$1242 after Senate hearings.

November 19, 2013

Bitcoin transaction volume surpasses Western Union. Bitcoin moves more money than Western Union

November 21, 2013

University of Nicosia in Cyprus becomes first university to accept Bitcoin for tuition.

November 22, 2013

Richard Branson’s Virgin Galactic begins accepting Bitcoin for space travel.

November 27, 2013

Shopify officially integrates bitcoin as a payment option for its 70,000+ merchants.

December 2, 2013

96,000 Bitcoins are stolen from Sheep Marketplace, an online drug site, while the internet watches the thief move the funds wallet to wallet.

December 5, 2013

China’s central bank bars financial institutions from handling Bitcoin transactions, causing a price drop of more than 20 percent to below $1,000.

China’s central bank bars financial institutions from handling bitcoin transactions. This ban was issued after the People’s Bank of China said bitcoin is not a currency with “real meaning” and does not have the same legal status as fiat currency. The ban reflects the risk bitcoin poses to China’s capital controls and financial stability. Today China remains the world’s biggest bitcoin trader, with 80% of global bitcoin transactions being processed in China.

December 6, 2013

Baidu stops accepting bitcoins after China ban.

December 17, 2013

Bitcoin crashes to nearly US$500 after further is banned from accepting deposits in yuan.

 

2014

January 2014

Bitcoin custodians Elliptic launch the world’s first insured bitcoin storage service for institutional clients. All deposits are comprehensively insured by a Fortune 100 insurer and held in full reserve. This means Elliptic never re-invests client assets; instead they secure them in deep cold storage. Overstock.com becomes the first major online retailer to embrace bitcoin, accepting payments in the US. Overstock was the first in what is now an expeditiously growing list of large businesses that accept bitcoin.

January, 2014

Bitcoin classified as a commodity by Finland.

January 3, 2014

Bitcoin celebrates it’s 5th year in existence. There are over 12 million bitcoins in circulation.

January 9, 2014

Overstock becomes first major business to accept bitcoins. Dish, TigerDirect, Dell, NewEgg and many others are soon to follow.

January 26, 2014

Charlie Shrem, CEO of BitInstant is arrested over allegations of money laundering in connection with Silk Road. He is arrested at JFK airport for charges filed in a Manhattan federal court.

January 28, 2014

Charlie Shrem resigns from his position as Vice Chairman of the Bitcoin Foundation.

February 2014

HMRC classifies bitcoin as assets or private money, meaning that no VAT will be charged on the mining or exchange of bitcoin. This is important as it is the world’s first and most progressive treatment of bitcoin, positioning the UK government as the most forward thinking and comprehensive with regard to bitcoin taxation.

February 24, 2014

Mt. Gox shuts down.

After putting an abrupt halt to withdrawals on February 6, claiming that a hacker had exploited their own poorly-implemented software through the use of transaction malleability attacks, disgraced bitcoin exchange Mt. Gox’s website and trading engine go blank without official comment. Other exchanges and Bitcoin businesses issue a joint statement condemning the mismanagement, deception, and eventual collapse wrought by the executives of the Japan-based exchange, after an alleged leaked internal document showed that over 744,000 BTC were lost by the company.

March 26, 2014

The IRS policy document declares Bitcoin to be property, not currency, subject to capital gains tax – with that tax calculated against every change in buying power for a given amount of bitcoin, from the time it’s acquired to the time it’s spent. The decision is widely derided as unwieldy and overly complex, requiring users of the currency to record Bitcoin’s market price with every transaction, subject to an array of largely unfamiliar calculations. Others, however, remark that the net tax paid may often be less than if Bitcoin were treated as currency proper – but to a market that emerged in tax-free innocence, it is a difficult blow to soften.

April, 2014

Brazil announces treating bitcoin as financial assets.

April 10, 2014

The People’s Bank of China’s frequently updated restrictions against Bitcoin finally pressure some Chinese banks to issue a deadline against several bitcoin exchanges, requiring them to close their accounts by April 15. Although some are spared the warnings, the uncertain regulatory environment holds some prominent loopholes that virtually all Chinese exchanges quickly adopt. Using offshore banks, novel cryptographic voucher systems and other solutions, these trading platforms continue to operate, but at greatly reduced volumes from their hayday in 2013.

May 6, 2014

Bolivia bans bitcoin.

June 27, 2014

The US government auctions off more than 29,000 bitcoins seized from the Silk Road, the illegal online marketplace. The sale and closure of the marketplace marks growing institutional understanding of the potential use cases of bitcoin. Additionally, the closure and auction of the Silk Road has helped bitcoin gain legitimacy as it demonstrates that bitcoin is not an easy way for online criminals to avoid the rule of law.

From this point onwards bitcoin can no longer be considered as a currency for criminals. The use of the bitcoin blockchain means that the identity of users can often be established.

July 2014

The ‘Bit Licence’ edges towards reality as the New York State Department of Financial Services releases the first draft of the agency’s proposed rules for regulating virtual currencies. The European Banking Authority publishes its opinion on ‘virtual currencies’. Their analytical report recommends that EU legislators consider declaring virtual currency exchanges as ‘obliged entities’ must comply with anti-money laundering (AML) and counter-terrorist financing requirements.

The EBA report is important as it acts as a catalyst to launch bitcoin into the financial mainstream by highlighting the fact that virtual currencies require a regulatory approach to strive for an international coordination to achieve a successful regulatory regime.

Also that month GABI (Global Advisors Bitcoin Investment Fund) launches the world’s first regulated Bitcoin Investment fund. This is important to the bitcoin ecosystem as the launch of this investment vehicle adds further legitimacy to bitcoin in addition to allowing regulated investors a way to invest in bitcoin.

July 2014

Equador bans bitcoin.

July 2014

European Banking Authority issues a warning urging financial institutions to stay away from digital currencies until proper regulation is introduced.

August 2014

The Chancellor of the Exchequer, George Osborne, demonstrates his and HM Treasury’s positive outlook on bitcoin when he purchases L20 worth of bitcoin and announces HM Treasury’s Call for Information on digital currencies, offering digital currency businesses the chance to comment on the risks and benefits and potentially influence future government policy.

August 2014

Russian Ministry of Finance starts working on a draft law to prohibit bitcoin.

October 2014

TeraExchange announces that the first bitcoin derivative transaction was executed on a regulated exchange, adding a new hedging instrument to bitcoin and instilling credibility and institutional confidence in the entire bitcoin community.

December 4, 2014

The U.S. Marshals Service completes the second auction of 50,000 bitcoins seized in the Silk Road operation a year earlier. Bitcoin Investment Trust syndicate wins 48,000 bitcoins, with the other 2,000 BTC going to venture capitalist and managing director of DFJ Tim Draper.

December 11, 2014

Tech giant Microsoft begins accepting bitcoin payments. Microsoft adds bitcoin payments for Xbox Games and Mobile Content.

 

2015

January 4, 2015

6th year of Bitcoin starts with another scandal. Large european bitcoin exchange Bitstamp is hacked, with close to 19,000 bitcoins disappearing from the exhange hot wallet. Bitstamp exchange goes off-line while bitcoin value drops below 300 USD. In a few weeks Bitstamp rebuilds the exchange operation and opens for business refunding all customer funds.

January 14, 2015

Panic. Massive sell off across major exchanges pushes Bitcoin value below $170. The Bitcoin Bubble of 2013 has finally burst.

February 9, 2015

MyCoin Scandal. Hong Kong local bitcoin exchange MyCoin shuts its doors, disapearing with around $400 million in investor and customer funds.

March 5, 2015

The US Marshals Service auctions 50,000 more bitcoins seized in the Silk Road operation over a year earlier.

March 15, 2015

Jeff Garzik, Bitcoin pioneer and CEO of Dunvegan Space Systems signs a contract with Deep Space Industries to build a 24 BitSat satellite constellation to put Blockchain into space.

March 17, 2015

Japan’s largest online retail firm, Rakuten announces that it will soon accept bitcoin across its global marketplaces via the firm’s partially owned Bitcoin payment processor BitNet.

June 3, 2015

The New York State Department of Financial Services (NYDFS) releases it’s final version of a long-awaited and controversial regulatory framework for digital currency companies.

June 24, 2015

“Regulation of the Conduct of Virtual Currency Businesses” published in New York, forcing all bitcoin companies to apply for a so-called “BitLicense” in order to prove that they comply with the conditions announced by New York Department of Financial Services.

August 1, 2015

Japanese police arrests Mark Karpeles, CEO of now defunct Mt.Gox bitcoin exchange on fraud charges.

September, 2015

US Commodity Futures Trading Commission defines bitcoin digital currency as a commodity.

October, 2015

“People’s Daily”, the official newspaper of the Communist Party of China, publishes an article stating it impossible “to ignore the revolutionary changes” brought to finance by bitcoin and blockchain in a step viewed by many as an unofficial acceptance of bitcoin by the Chinese government.

October 22, 2015

Bitcoin got a boost at the European Union’s top court after judges said exchanging virtual currencies should be exempt from value-added tax in the same way as traditional cash.

European Court rules bitcoin transactions exempt from value-added tax (VAT).

November 3, 2015

Despite hostile Bitcoin stance of Russian and Taiwanese governments Bitcoin value starts to recover due to a softening Bitcoin financial policy in China.

November 5, 2015

The fourth and final US Marshals auction of over 44000 Silk Road confiscated bitcoins draws only 11 bidders. Most auctioned coins are split between bitcoin trading outfits.

November 13, 2015

Terrorist attacks in Paris raise discussion in relation to the possible anti-bitcoin measures, given the possibility of terrorists’ use of bitcoins.

December, 2015

First Ukrainian cryptocurrency exchange Kuna succeeds at a crowdsale.

 

2016

January 3, 2016

Bitcoin loses one of it’s lead developers. Mike Hearn sells all his bitcoins, anouncing his exit due to loss of faith in Bitcoin community, future governance and technical state of Bitcoin network.

March, 2016

Russian Ministry of Finance issues draft law providing up to 7 years in jail for transactions with cryptocurrency.

April 5, 2016

First version of OpenBazaar – the decentralized marketplace that uses Bitcoin – is now open for business. OpenBazaar is a fully peer-to-peer marketplace where buyers and sellers engage in trade directly with each other.


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