How much is one bitcoin worth in 2017

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If you’re bored with index funds and you’re ready to roll the dice on one of those sexy and mysterious new alternative investments, you have plenty of options. One of those options involves a Japanese dog, Elon Musk and what appears to be fake money from a toy cash register. Dogecoin is a joke — or at least it started out as one. Two software engineers — IBM’s Billy Markus and Adobe’s Jackson Palmer — created Dogecoin in 2013 to lampoon all the altcoin wannabes that popped up after Bitcoin rose to blockchain fame. As a logo, they chose a Shiba Inu from a meme called Doge, which went viral that same year. It started as tech-geek satire, but Palmer and Markus were skilled, experienced and imaginative professionals. Their blockchain, proof-of-work process and minting procedures were stable, efficient and secure. Crypto wonks recognized its potential and the fake currency began amassing a very real following. It already had achieved cult status by the time Tesla CEO Elon Musk started tweeting about Dogecoin in 2021. The props from Musk made Dogecoin a household name and sent its value soaring. It’s now one of the most-used altcoins, particularly for tipping on social media. But as of May 4, the price was up to

How much is one bitcoin worth in 2017

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for .02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was ,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased 0 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly 5 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise 0 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased 0 million worth of bitcoin in August and bought another million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's 0 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of 8,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of 8,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately 5 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for 0 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around .2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for 0 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than 8,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around 0,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ0 million ( million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With

How much is one bitcoin worth in 2017

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was $20,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near $8 billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above $20k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~$20,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise $400 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased $450 million worth of bitcoin in August and bought another $50 million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately $115 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased $50 million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for $250 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than $118,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around $280,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for $400M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below $4,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss. The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly $60 million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized $31 million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and a minute after moving past the $6,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the $1000 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up $26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to $72 million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to $480 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off $50,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing $820,000 worth of Bitcoin in a similar manner. Force agreed to pay $500,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs $5,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly $5.2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering $950,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of $300 per bitcoin, worth roughly $9 million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of $56 billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit $200,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about $23,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes $2,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about $80 to over $260. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just $0.01 per coin. Gox reverses the fraudulent transactions and halts trading for seven days to re-secure their systems, and two other large exchanges issue temporary halts while their own security is reviewed. Soon after, a copy of the database is leaked and is used to launch attacks against accounts held by users of the My Bitcoin online wallet service who share the same password on both sites, resulting in thefts of over 4,019 BTC from roughly 600 wallets. topic=19491.0Titled “The Underground Website Where You Can Buy Any Drug Imaginable,” Adrian Chen's piece on Gawker is as provocative as it is popular. To many people reading it, the sudden realization that Bitcoin has a useful value – one that's entirely unique - hits home. Gox in the text, the article starts an enormous upswing in price that beats all previous records, reaching over $31 per bitcoin just one week after publication. Sources: March 27, 2011, Britcoin launches the first exchange to trade bitcoin and British Pound Sterling (GBP). On April 5, Bit begins facilitating trades in Euros (EUR) and other currencies. The following day, some popular news outlets feature stories on the symbolic milestone, causing such a surge of interest in the growing currency that the official Bitcoin website is temporarily hobbled. Just days later, on March 31, Bitcoin Brazil opens a service for face-to-face exchange in Brazilian Reals (BRL) and U. Together, they simplify bitcoin ownership and trading for hundreds of millions of new users and the market is expanded enormously. Sources: mainstream article on Bitcoin appeared in PC World Online Magazine discussing the options cryptocurrencies can offer in relation to the Wikileaks scandal. Sources: https://web.archive.org/web/20120331084706/https://bitcointalk.org/index.php? topic=5441.0Just two years old, Bitcoin achieves parity with the U. https:// a peculiar quirk of the way computers process numbers, an unknown person creates a fraudulent transaction that generates 184,467,440,737.08554078 bitcoins – nearly nine-thousand times as many as can legitimately exist in the entire system. The oddity is quickly spotted by Bitcoin developers and community members, and a fixed version of the Bitcoin software is released within hours. By the next day, the corrected blockchain overtakes the exploited one, and Bitcoin is back in normal operation – but not before the market is badly shaken. topic=822.0 Mc Caleb, a programmer best known for creating the successful e Donkey peer-to-peer network in 2000, announces the launch of Mt. Based on a prior, abandoned project of Mc Caleb's to create an online exchange for Magic: The Gathering cards, he soon struggles to keep up with the demands of the business and sells to Mark Karpelès on March 6, 2011. Gox would slowly grow to dominate the world of bitcoin trading over the next three years. topic=444.0The 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 newly-interested people on board, driving the exchange value of a single bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days. Sources: Talk user laszlo (Laszlo Hanyecz) pays 10,000 BTC for two pizzas delivered to their house (valued at about $25), ordered and paid for by another user, jercos. This assigns the first concrete valuation to bitcoin - about $0.0025 per coin. topic=137.0 Pay Pal, New Liberty Standard buys 5,050 BTC from Sirius for $5.02, equating to roughly one tenth of a cent per bitcoin. Sources: https://twitter.com/marttimalmi/status/423455561703624704 https://blockchain.info/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2New Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/ Rate The first Bitcoin transaction record, or genesis block, kicks off the Bitcoin blockchain and includes a reference to a pertinent newspaper headline of that day: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. The initial Bitcoin program and its source code are released by Satoshi Nakamoto six days later. When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was $20,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near $8 billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above $20k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~$20,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise $400 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased $450 million worth of bitcoin in August and bought another $50 million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately $115 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased $50 million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for $250 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than $118,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around $280,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for $400M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below $4,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss. The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly $60 million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized $31 million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and a minute after moving past the $6,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the $1000 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up $26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to $72 million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to $480 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off $50,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing $820,000 worth of Bitcoin in a similar manner. Force agreed to pay $500,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs $5,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly $5.2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering $950,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of $300 per bitcoin, worth roughly $9 million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of $56 billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit $200,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about $23,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes $2,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about $80 to over $260. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just $0.01 per coin. Gox reverses the fraudulent transactions and halts trading for seven days to re-secure their systems, and two other large exchanges issue temporary halts while their own security is reviewed. Soon after, a copy of the database is leaked and is used to launch attacks against accounts held by users of the My Bitcoin online wallet service who share the same password on both sites, resulting in thefts of over 4,019 BTC from roughly 600 wallets. topic=19491.0Titled “The Underground Website Where You Can Buy Any Drug Imaginable,” Adrian Chen's piece on Gawker is as provocative as it is popular. To many people reading it, the sudden realization that Bitcoin has a useful value – one that's entirely unique - hits home. Gox in the text, the article starts an enormous upswing in price that beats all previous records, reaching over $31 per bitcoin just one week after publication. Sources: March 27, 2011, Britcoin launches the first exchange to trade bitcoin and British Pound Sterling (GBP). On April 5, Bit begins facilitating trades in Euros (EUR) and other currencies. The following day, some popular news outlets feature stories on the symbolic milestone, causing such a surge of interest in the growing currency that the official Bitcoin website is temporarily hobbled. Just days later, on March 31, Bitcoin Brazil opens a service for face-to-face exchange in Brazilian Reals (BRL) and U. Together, they simplify bitcoin ownership and trading for hundreds of millions of new users and the market is expanded enormously. Sources: mainstream article on Bitcoin appeared in PC World Online Magazine discussing the options cryptocurrencies can offer in relation to the Wikileaks scandal. Sources: https://web.archive.org/web/20120331084706/https://bitcointalk.org/index.php? topic=5441.0Just two years old, Bitcoin achieves parity with the U. https:// a peculiar quirk of the way computers process numbers, an unknown person creates a fraudulent transaction that generates 184,467,440,737.08554078 bitcoins – nearly nine-thousand times as many as can legitimately exist in the entire system. The oddity is quickly spotted by Bitcoin developers and community members, and a fixed version of the Bitcoin software is released within hours. By the next day, the corrected blockchain overtakes the exploited one, and Bitcoin is back in normal operation – but not before the market is badly shaken. topic=822.0 Mc Caleb, a programmer best known for creating the successful e Donkey peer-to-peer network in 2000, announces the launch of Mt. Based on a prior, abandoned project of Mc Caleb's to create an online exchange for Magic: The Gathering cards, he soon struggles to keep up with the demands of the business and sells to Mark Karpelès on March 6, 2011. Gox would slowly grow to dominate the world of bitcoin trading over the next three years. topic=444.0The 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 newly-interested people on board, driving the exchange value of a single bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days. Sources: Talk user laszlo (Laszlo Hanyecz) pays 10,000 BTC for two pizzas delivered to their house (valued at about $25), ordered and paid for by another user, jercos. This assigns the first concrete valuation to bitcoin - about $0.0025 per coin. topic=137.0 Pay Pal, New Liberty Standard buys 5,050 BTC from Sirius for $5.02, equating to roughly one tenth of a cent per bitcoin. Sources: https://twitter.com/marttimalmi/status/423455561703624704 https://blockchain.info/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2New Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/ Rate The first Bitcoin transaction record, or genesis block, kicks off the Bitcoin blockchain and includes a reference to a pertinent newspaper headline of that day: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. The initial Bitcoin program and its source code are released by Satoshi Nakamoto six days later.

date: 22-Jun-2021 19:29next

.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for 0M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a 0 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the ,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below ,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to 0 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a 2 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as 0 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning .57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an 0 million loss. The state’s top lawyer alleges Bitfinex used at least 0 million from Tether’s cash reserves to cover up the apparent loss of 0 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated billion in average daily bitcoin volume. The study finds that only 3 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of 0 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised 2.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over 0,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees (S million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth 3 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of ,600.84 just hours after breaking through the ,400 barrier, and a minute after moving past the ,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit 0 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through ,000 to an all-time high. The cryptocurrency rose by more than 8% to ,243 having started the year at 6. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the 00 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up .90 an ounce, or 2.1%, to S,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to 0 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received S million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off ,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing 0,000 worth of Bitcoin in a similar manner. Force agreed to pay 0,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs ,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly .2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering 0,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of 0 per bitcoin, worth roughly million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit 0,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about ,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes

How much is one bitcoin worth in 2017

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was $20,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near $8 billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above $20k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~$20,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise $400 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased $450 million worth of bitcoin in August and bought another $50 million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately $115 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased $50 million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for $250 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than $118,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around $280,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for $400M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below $4,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss. The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly $60 million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized $31 million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and a minute after moving past the $6,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the $1000 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up $26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to $72 million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to $480 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off $50,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing $820,000 worth of Bitcoin in a similar manner. Force agreed to pay $500,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs $5,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly $5.2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering $950,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of $300 per bitcoin, worth roughly $9 million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of $56 billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit $200,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about $23,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes $2,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about $80 to over $260. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just $0.01 per coin. Gox reverses the fraudulent transactions and halts trading for seven days to re-secure their systems, and two other large exchanges issue temporary halts while their own security is reviewed. Soon after, a copy of the database is leaked and is used to launch attacks against accounts held by users of the My Bitcoin online wallet service who share the same password on both sites, resulting in thefts of over 4,019 BTC from roughly 600 wallets. topic=19491.0Titled “The Underground Website Where You Can Buy Any Drug Imaginable,” Adrian Chen's piece on Gawker is as provocative as it is popular. To many people reading it, the sudden realization that Bitcoin has a useful value – one that's entirely unique - hits home. Gox in the text, the article starts an enormous upswing in price that beats all previous records, reaching over $31 per bitcoin just one week after publication. Sources: March 27, 2011, Britcoin launches the first exchange to trade bitcoin and British Pound Sterling (GBP). On April 5, Bit begins facilitating trades in Euros (EUR) and other currencies. The following day, some popular news outlets feature stories on the symbolic milestone, causing such a surge of interest in the growing currency that the official Bitcoin website is temporarily hobbled. Just days later, on March 31, Bitcoin Brazil opens a service for face-to-face exchange in Brazilian Reals (BRL) and U. Together, they simplify bitcoin ownership and trading for hundreds of millions of new users and the market is expanded enormously. Sources: mainstream article on Bitcoin appeared in PC World Online Magazine discussing the options cryptocurrencies can offer in relation to the Wikileaks scandal. Sources: https://web.archive.org/web/20120331084706/https://bitcointalk.org/index.php? topic=5441.0Just two years old, Bitcoin achieves parity with the U. https:// a peculiar quirk of the way computers process numbers, an unknown person creates a fraudulent transaction that generates 184,467,440,737.08554078 bitcoins – nearly nine-thousand times as many as can legitimately exist in the entire system. The oddity is quickly spotted by Bitcoin developers and community members, and a fixed version of the Bitcoin software is released within hours. By the next day, the corrected blockchain overtakes the exploited one, and Bitcoin is back in normal operation – but not before the market is badly shaken. topic=822.0 Mc Caleb, a programmer best known for creating the successful e Donkey peer-to-peer network in 2000, announces the launch of Mt. Based on a prior, abandoned project of Mc Caleb's to create an online exchange for Magic: The Gathering cards, he soon struggles to keep up with the demands of the business and sells to Mark Karpelès on March 6, 2011. Gox would slowly grow to dominate the world of bitcoin trading over the next three years. topic=444.0The 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 newly-interested people on board, driving the exchange value of a single bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days. Sources: Talk user laszlo (Laszlo Hanyecz) pays 10,000 BTC for two pizzas delivered to their house (valued at about $25), ordered and paid for by another user, jercos. This assigns the first concrete valuation to bitcoin - about $0.0025 per coin. topic=137.0 Pay Pal, New Liberty Standard buys 5,050 BTC from Sirius for $5.02, equating to roughly one tenth of a cent per bitcoin. Sources: https://twitter.com/marttimalmi/status/423455561703624704 https://blockchain.info/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2New Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/ Rate The first Bitcoin transaction record, or genesis block, kicks off the Bitcoin blockchain and includes a reference to a pertinent newspaper headline of that day: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. The initial Bitcoin program and its source code are released by Satoshi Nakamoto six days later. When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was $20,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near $8 billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above $20k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~$20,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise $400 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased $450 million worth of bitcoin in August and bought another $50 million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately $115 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased $50 million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for $250 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than $118,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around $280,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for $400M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below $4,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss. The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly $60 million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized $31 million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and a minute after moving past the $6,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the $1000 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up $26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to $72 million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to $480 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off $50,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing $820,000 worth of Bitcoin in a similar manner. Force agreed to pay $500,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs $5,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly $5.2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering $950,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of $300 per bitcoin, worth roughly $9 million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of $56 billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit $200,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about $23,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes $2,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about $80 to over $260. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just $0.01 per coin. Gox reverses the fraudulent transactions and halts trading for seven days to re-secure their systems, and two other large exchanges issue temporary halts while their own security is reviewed. Soon after, a copy of the database is leaked and is used to launch attacks against accounts held by users of the My Bitcoin online wallet service who share the same password on both sites, resulting in thefts of over 4,019 BTC from roughly 600 wallets. topic=19491.0Titled “The Underground Website Where You Can Buy Any Drug Imaginable,” Adrian Chen's piece on Gawker is as provocative as it is popular. To many people reading it, the sudden realization that Bitcoin has a useful value – one that's entirely unique - hits home. Gox in the text, the article starts an enormous upswing in price that beats all previous records, reaching over $31 per bitcoin just one week after publication. Sources: March 27, 2011, Britcoin launches the first exchange to trade bitcoin and British Pound Sterling (GBP). On April 5, Bit begins facilitating trades in Euros (EUR) and other currencies. The following day, some popular news outlets feature stories on the symbolic milestone, causing such a surge of interest in the growing currency that the official Bitcoin website is temporarily hobbled. Just days later, on March 31, Bitcoin Brazil opens a service for face-to-face exchange in Brazilian Reals (BRL) and U. Together, they simplify bitcoin ownership and trading for hundreds of millions of new users and the market is expanded enormously. Sources: mainstream article on Bitcoin appeared in PC World Online Magazine discussing the options cryptocurrencies can offer in relation to the Wikileaks scandal. Sources: https://web.archive.org/web/20120331084706/https://bitcointalk.org/index.php? topic=5441.0Just two years old, Bitcoin achieves parity with the U. https:// a peculiar quirk of the way computers process numbers, an unknown person creates a fraudulent transaction that generates 184,467,440,737.08554078 bitcoins – nearly nine-thousand times as many as can legitimately exist in the entire system. The oddity is quickly spotted by Bitcoin developers and community members, and a fixed version of the Bitcoin software is released within hours. By the next day, the corrected blockchain overtakes the exploited one, and Bitcoin is back in normal operation – but not before the market is badly shaken. topic=822.0 Mc Caleb, a programmer best known for creating the successful e Donkey peer-to-peer network in 2000, announces the launch of Mt. Based on a prior, abandoned project of Mc Caleb's to create an online exchange for Magic: The Gathering cards, he soon struggles to keep up with the demands of the business and sells to Mark Karpelès on March 6, 2011. Gox would slowly grow to dominate the world of bitcoin trading over the next three years. topic=444.0The 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 newly-interested people on board, driving the exchange value of a single bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days. Sources: Talk user laszlo (Laszlo Hanyecz) pays 10,000 BTC for two pizzas delivered to their house (valued at about $25), ordered and paid for by another user, jercos. This assigns the first concrete valuation to bitcoin - about $0.0025 per coin. topic=137.0 Pay Pal, New Liberty Standard buys 5,050 BTC from Sirius for $5.02, equating to roughly one tenth of a cent per bitcoin. Sources: https://twitter.com/marttimalmi/status/423455561703624704 https://blockchain.info/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2New Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/ Rate The first Bitcoin transaction record, or genesis block, kicks off the Bitcoin blockchain and includes a reference to a pertinent newspaper headline of that day: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. The initial Bitcoin program and its source code are released by Satoshi Nakamoto six days later.

date: 22-Jun-2021 19:29next

,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about to over 0. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just

How much is one bitcoin worth in 2017

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for .02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was ,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased 0 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly 5 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise 0 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased 0 million worth of bitcoin in August and bought another million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's 0 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of 8,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of 8,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately 5 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for 0 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around .2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for 0 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than 8,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around 0,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ0 million ( million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With

How much is one bitcoin worth in 2017

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was $20,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near $8 billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above $20k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~$20,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise $400 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased $450 million worth of bitcoin in August and bought another $50 million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately $115 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased $50 million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for $250 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than $118,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around $280,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for $400M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below $4,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss. The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly $60 million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized $31 million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and a minute after moving past the $6,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the $1000 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up $26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to $72 million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to $480 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off $50,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing $820,000 worth of Bitcoin in a similar manner. Force agreed to pay $500,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs $5,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly $5.2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering $950,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of $300 per bitcoin, worth roughly $9 million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of $56 billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit $200,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about $23,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes $2,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about $80 to over $260. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just $0.01 per coin. Gox reverses the fraudulent transactions and halts trading for seven days to re-secure their systems, and two other large exchanges issue temporary halts while their own security is reviewed. Soon after, a copy of the database is leaked and is used to launch attacks against accounts held by users of the My Bitcoin online wallet service who share the same password on both sites, resulting in thefts of over 4,019 BTC from roughly 600 wallets. topic=19491.0Titled “The Underground Website Where You Can Buy Any Drug Imaginable,” Adrian Chen's piece on Gawker is as provocative as it is popular. To many people reading it, the sudden realization that Bitcoin has a useful value – one that's entirely unique - hits home. Gox in the text, the article starts an enormous upswing in price that beats all previous records, reaching over $31 per bitcoin just one week after publication. Sources: March 27, 2011, Britcoin launches the first exchange to trade bitcoin and British Pound Sterling (GBP). On April 5, Bit begins facilitating trades in Euros (EUR) and other currencies. The following day, some popular news outlets feature stories on the symbolic milestone, causing such a surge of interest in the growing currency that the official Bitcoin website is temporarily hobbled. Just days later, on March 31, Bitcoin Brazil opens a service for face-to-face exchange in Brazilian Reals (BRL) and U. Together, they simplify bitcoin ownership and trading for hundreds of millions of new users and the market is expanded enormously. Sources: mainstream article on Bitcoin appeared in PC World Online Magazine discussing the options cryptocurrencies can offer in relation to the Wikileaks scandal. Sources: https://web.archive.org/web/20120331084706/https://bitcointalk.org/index.php? topic=5441.0Just two years old, Bitcoin achieves parity with the U. https:// a peculiar quirk of the way computers process numbers, an unknown person creates a fraudulent transaction that generates 184,467,440,737.08554078 bitcoins – nearly nine-thousand times as many as can legitimately exist in the entire system. The oddity is quickly spotted by Bitcoin developers and community members, and a fixed version of the Bitcoin software is released within hours. By the next day, the corrected blockchain overtakes the exploited one, and Bitcoin is back in normal operation – but not before the market is badly shaken. topic=822.0 Mc Caleb, a programmer best known for creating the successful e Donkey peer-to-peer network in 2000, announces the launch of Mt. Based on a prior, abandoned project of Mc Caleb's to create an online exchange for Magic: The Gathering cards, he soon struggles to keep up with the demands of the business and sells to Mark Karpelès on March 6, 2011. Gox would slowly grow to dominate the world of bitcoin trading over the next three years. topic=444.0The 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 newly-interested people on board, driving the exchange value of a single bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days. Sources: Talk user laszlo (Laszlo Hanyecz) pays 10,000 BTC for two pizzas delivered to their house (valued at about $25), ordered and paid for by another user, jercos. This assigns the first concrete valuation to bitcoin - about $0.0025 per coin. topic=137.0 Pay Pal, New Liberty Standard buys 5,050 BTC from Sirius for $5.02, equating to roughly one tenth of a cent per bitcoin. Sources: https://twitter.com/marttimalmi/status/423455561703624704 https://blockchain.info/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2New Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/ Rate The first Bitcoin transaction record, or genesis block, kicks off the Bitcoin blockchain and includes a reference to a pertinent newspaper headline of that day: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. The initial Bitcoin program and its source code are released by Satoshi Nakamoto six days later. When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was $20,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near $8 billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above $20k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~$20,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise $400 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased $450 million worth of bitcoin in August and bought another $50 million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately $115 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased $50 million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for $250 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than $118,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around $280,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for $400M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below $4,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss. The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly $60 million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized $31 million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and a minute after moving past the $6,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the $1000 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up $26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to $72 million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to $480 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off $50,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing $820,000 worth of Bitcoin in a similar manner. Force agreed to pay $500,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs $5,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly $5.2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering $950,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of $300 per bitcoin, worth roughly $9 million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of $56 billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit $200,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about $23,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes $2,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about $80 to over $260. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just $0.01 per coin. Gox reverses the fraudulent transactions and halts trading for seven days to re-secure their systems, and two other large exchanges issue temporary halts while their own security is reviewed. Soon after, a copy of the database is leaked and is used to launch attacks against accounts held by users of the My Bitcoin online wallet service who share the same password on both sites, resulting in thefts of over 4,019 BTC from roughly 600 wallets. topic=19491.0Titled “The Underground Website Where You Can Buy Any Drug Imaginable,” Adrian Chen's piece on Gawker is as provocative as it is popular. To many people reading it, the sudden realization that Bitcoin has a useful value – one that's entirely unique - hits home. Gox in the text, the article starts an enormous upswing in price that beats all previous records, reaching over $31 per bitcoin just one week after publication. Sources: March 27, 2011, Britcoin launches the first exchange to trade bitcoin and British Pound Sterling (GBP). On April 5, Bit begins facilitating trades in Euros (EUR) and other currencies. The following day, some popular news outlets feature stories on the symbolic milestone, causing such a surge of interest in the growing currency that the official Bitcoin website is temporarily hobbled. Just days later, on March 31, Bitcoin Brazil opens a service for face-to-face exchange in Brazilian Reals (BRL) and U. Together, they simplify bitcoin ownership and trading for hundreds of millions of new users and the market is expanded enormously. Sources: mainstream article on Bitcoin appeared in PC World Online Magazine discussing the options cryptocurrencies can offer in relation to the Wikileaks scandal. Sources: https://web.archive.org/web/20120331084706/https://bitcointalk.org/index.php? topic=5441.0Just two years old, Bitcoin achieves parity with the U. https:// a peculiar quirk of the way computers process numbers, an unknown person creates a fraudulent transaction that generates 184,467,440,737.08554078 bitcoins – nearly nine-thousand times as many as can legitimately exist in the entire system. The oddity is quickly spotted by Bitcoin developers and community members, and a fixed version of the Bitcoin software is released within hours. By the next day, the corrected blockchain overtakes the exploited one, and Bitcoin is back in normal operation – but not before the market is badly shaken. topic=822.0 Mc Caleb, a programmer best known for creating the successful e Donkey peer-to-peer network in 2000, announces the launch of Mt. Based on a prior, abandoned project of Mc Caleb's to create an online exchange for Magic: The Gathering cards, he soon struggles to keep up with the demands of the business and sells to Mark Karpelès on March 6, 2011. Gox would slowly grow to dominate the world of bitcoin trading over the next three years. topic=444.0The 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 newly-interested people on board, driving the exchange value of a single bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days. Sources: Talk user laszlo (Laszlo Hanyecz) pays 10,000 BTC for two pizzas delivered to their house (valued at about $25), ordered and paid for by another user, jercos. This assigns the first concrete valuation to bitcoin - about $0.0025 per coin. topic=137.0 Pay Pal, New Liberty Standard buys 5,050 BTC from Sirius for $5.02, equating to roughly one tenth of a cent per bitcoin. Sources: https://twitter.com/marttimalmi/status/423455561703624704 https://blockchain.info/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2New Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/ Rate The first Bitcoin transaction record, or genesis block, kicks off the Bitcoin blockchain and includes a reference to a pertinent newspaper headline of that day: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. The initial Bitcoin program and its source code are released by Satoshi Nakamoto six days later.

date: 22-Jun-2021 19:29next

.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for 0M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a 0 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the ,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below ,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to 0 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a 2 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as 0 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning .57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an 0 million loss. The state’s top lawyer alleges Bitfinex used at least 0 million from Tether’s cash reserves to cover up the apparent loss of 0 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated billion in average daily bitcoin volume. The study finds that only 3 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of 0 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised 2.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over 0,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees (S million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth 3 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of ,600.84 just hours after breaking through the ,400 barrier, and a minute after moving past the ,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit 0 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through ,000 to an all-time high. The cryptocurrency rose by more than 8% to ,243 having started the year at 6. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the 00 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up .90 an ounce, or 2.1%, to S,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to 0 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received S million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off ,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing 0,000 worth of Bitcoin in a similar manner. Force agreed to pay 0,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs ,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly .2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering 0,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of 0 per bitcoin, worth roughly million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit 0,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about ,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes

How much is one bitcoin worth in 2017

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was $20,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near $8 billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above $20k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~$20,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise $400 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased $450 million worth of bitcoin in August and bought another $50 million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately $115 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased $50 million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for $250 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than $118,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around $280,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for $400M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below $4,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss. The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly $60 million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized $31 million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and a minute after moving past the $6,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the $1000 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up $26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to $72 million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to $480 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off $50,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing $820,000 worth of Bitcoin in a similar manner. Force agreed to pay $500,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs $5,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly $5.2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering $950,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of $300 per bitcoin, worth roughly $9 million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of $56 billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit $200,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about $23,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes $2,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about $80 to over $260. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just $0.01 per coin. Gox reverses the fraudulent transactions and halts trading for seven days to re-secure their systems, and two other large exchanges issue temporary halts while their own security is reviewed. Soon after, a copy of the database is leaked and is used to launch attacks against accounts held by users of the My Bitcoin online wallet service who share the same password on both sites, resulting in thefts of over 4,019 BTC from roughly 600 wallets. topic=19491.0Titled “The Underground Website Where You Can Buy Any Drug Imaginable,” Adrian Chen's piece on Gawker is as provocative as it is popular. To many people reading it, the sudden realization that Bitcoin has a useful value – one that's entirely unique - hits home. Gox in the text, the article starts an enormous upswing in price that beats all previous records, reaching over $31 per bitcoin just one week after publication. Sources: March 27, 2011, Britcoin launches the first exchange to trade bitcoin and British Pound Sterling (GBP). On April 5, Bit begins facilitating trades in Euros (EUR) and other currencies. The following day, some popular news outlets feature stories on the symbolic milestone, causing such a surge of interest in the growing currency that the official Bitcoin website is temporarily hobbled. Just days later, on March 31, Bitcoin Brazil opens a service for face-to-face exchange in Brazilian Reals (BRL) and U. Together, they simplify bitcoin ownership and trading for hundreds of millions of new users and the market is expanded enormously. Sources: mainstream article on Bitcoin appeared in PC World Online Magazine discussing the options cryptocurrencies can offer in relation to the Wikileaks scandal. Sources: https://web.archive.org/web/20120331084706/https://bitcointalk.org/index.php? topic=5441.0Just two years old, Bitcoin achieves parity with the U. https:// a peculiar quirk of the way computers process numbers, an unknown person creates a fraudulent transaction that generates 184,467,440,737.08554078 bitcoins – nearly nine-thousand times as many as can legitimately exist in the entire system. The oddity is quickly spotted by Bitcoin developers and community members, and a fixed version of the Bitcoin software is released within hours. By the next day, the corrected blockchain overtakes the exploited one, and Bitcoin is back in normal operation – but not before the market is badly shaken. topic=822.0 Mc Caleb, a programmer best known for creating the successful e Donkey peer-to-peer network in 2000, announces the launch of Mt. Based on a prior, abandoned project of Mc Caleb's to create an online exchange for Magic: The Gathering cards, he soon struggles to keep up with the demands of the business and sells to Mark Karpelès on March 6, 2011. Gox would slowly grow to dominate the world of bitcoin trading over the next three years. topic=444.0The 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 newly-interested people on board, driving the exchange value of a single bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days. Sources: Talk user laszlo (Laszlo Hanyecz) pays 10,000 BTC for two pizzas delivered to their house (valued at about $25), ordered and paid for by another user, jercos. This assigns the first concrete valuation to bitcoin - about $0.0025 per coin. topic=137.0 Pay Pal, New Liberty Standard buys 5,050 BTC from Sirius for $5.02, equating to roughly one tenth of a cent per bitcoin. Sources: https://twitter.com/marttimalmi/status/423455561703624704 https://blockchain.info/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2New Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/ Rate The first Bitcoin transaction record, or genesis block, kicks off the Bitcoin blockchain and includes a reference to a pertinent newspaper headline of that day: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. The initial Bitcoin program and its source code are released by Satoshi Nakamoto six days later. When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was $20,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near $8 billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above $20k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~$20,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise $400 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased $450 million worth of bitcoin in August and bought another $50 million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately $115 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased $50 million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for $250 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than $118,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around $280,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for $400M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below $4,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss. The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly $60 million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized $31 million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and a minute after moving past the $6,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the $1000 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up $26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to $72 million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to $480 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off $50,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing $820,000 worth of Bitcoin in a similar manner. Force agreed to pay $500,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs $5,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase. Sources: https://blog.coinbase.com/2015/01/26/coinbase-launches-first-regulated-bitcoin-exchange/ hackers were able to steal 18,866 bitcoins from Bitstamp's operational hot wallet, worth roughly $5.2 million dollars. The attackers used social engineering against Bitstamp system administrator Luka Kodric to gain access to 2 of Bitstamp's servers and subsequently the hot wallet's private keys. The wallet was completely drained of all bitcoins shortly thereafter. Upon discovery of the breach, Bitstamp immediately shutdown the exchange's operations for 8 days as it audited its systems and rebuilt its trading platform. The theft represented "a small fraction of Bitstamp's total bitcoin reserves" as the majority of the company's Bitcoin funds remained untouched in offline "cold" storage. However, according to a leaked internal Bitstamp report on the incident, the damage to the company's reputation and customer confidence far exceeded its monetary Bitcoin loss. Sources: https:// Bitcoin's "First Felon", Charlie Shrem, the CEO of bitcoin exchange Bit Instant, was sentenced to 2 years in prison for his role in laundering money for users of the Silk Road, an online marketplace that catered to illicit goods and services. Shrem had entered a plea bargain which involved surrendering $950,000 to the US government and pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Sources: revealed it will accept Bitcoin from US customers for "apps, games and other digital content" offered on the Windows and Xbox online stores. The announcement was made via a post on the tech giant's blog and stated that Microsoft had partnered with Bitpay for Bitcoin payment processing. Sources: https://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/ unknown trader places nearly 30,000 BTC for sale on the Bitstamp exchange at a limit price of $300 per bitcoin, worth roughly $9 million USD. The order was dubbed the "Bear Whale" by the Bitcoin community due to its unprecedented size. Over the next 24 hours, the entire Bear Whale order is fulfilled on the exchange via buy orders. Sources: https://reddit.com/r/Bitcoin/comments/2ifjr8/the_slaying_of_bearwhale_30k_btc_sell_order_being/ a subsidiary of Paypal, announces that it is partnering with Coinbase to accept Bitcoin payments on their platform. Over the next three months, the two companies will work on integrating Bitcoin payment processing for Braintree merchants. The Bitcoin payment option will be seamlessly enabled for all merchants on the platform. Braintree merchants need only sign up for a Coinbase account and link it to their Braintree account. The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Founder Michael Dell announces on Twitter that now accepts Bitcoin. Customers in the United States (only) can purchase any product listed on Dell's online marketplace using Bitcoin. All Bitcoin transactions are to be handled by Coinbase, a Bitcoin payment processor. At a yearly revenue of $56 billion, Dell becomes the largest company to accept Bitcoin. This announcement follows a number of other major online retailers' acceptance of Bitcoin payments in 2014 (Overstock on 2014-01-09 via processor Coinbase, Tiger Direct on 2014-01-23, and Newegg on 2014-07-01 via processor Bitpay). Lawsky, Superintendent of New York's Department of Financial Services, announces a proposed set of regulations for businesses that interact with Bitcoin and cryptocurrencies. The goal of the new regulations, according to Lawsky, are to help "protect consumers and root out illegal activity – without stifling beneficial innovation". The regulations would require entities that deal in Bitcoin to run background checks/fingerprints for all employees, get written approval for new business activities by the state, and to immediately convert any Bitcoin profit to US dollars. Affected entities would be exchanges, mining pools, bulk Bitcoin sellers, and altcoin software creators based in New York state, or that have customers in New York state. News of these regulations are generally rebuked by the cryptocurrency community. Sources: 30,000 government seized Bitcoins, obtained by the US Marshals Service during the October 2013 bust of the Silk Road website, are auctioned off in chunks of 3,000 bitcoins. Bidders are required to deposit $200,000 USD via bank wire in order to qualify for the auction. A single bidder (venture capitalist Tim Draper) won every auction, indicating that his winning bid prices were far higher than the current market price. id=24399619Due to GHash.io's popularity and partnership with to sell mining shares of their own mining hardware, the mining pool giant gains a sole majority of the Bitcoin network hashing power, and the ability to launch a successful 51% attack on the Bitcoin network. With a majority of the Bitcoin network hashing power, could temporarily reverse transactions that they send (double spending) and prevent other transactions from being confirmed. responds by stating they "have and never will participate in any 51% attack". The pool also issues a press statement declaring that it will attempt to limit its hashing power to 39.99% by "actively asking miners to take their hardware away from GHash. IO and mine on other pools", as well as form a committee to assist Bitcoin core developers in solving the 51% attack problem. Sources: 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. Sources: 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. Sources: an article titled "The Face Behind Bitcoin", journalist Leah Mc Grath Goodman writes that an unemployed engineer in Temple City, California is in fact Bitcoin's creator. Based on speculations and interviews with Dorian's family, Goodman's article ultimately draws an enourmous amount of worldwide attention to Dorian Nakamoto, who denies any involvement in Bitcoin and asks for privacy from the media. The Bitcoin community would later go on to raise about $23,000 for Dorian Nakamoto. Sources: https://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto 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. Gox, Bitstamp, and BTC-e all experienced a stoppage of trading due to massive DDo S attacks that were apparently aimed at exploiting transaction maleability in the exchanges' software. Gox halted withdrawals first, on February 6, evidently contributing to a sharp drop in BTC price; the DDo S attack was detected on February 11, 2014. Gox, it may not be clear that the DDo S attack was primarily responsible for the problems they experienced on February 6th. Sources: its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically. Sources: growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country's borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state's inflating official currency, the Renminbi. _php=true&_type=blogs&_r=2Announced under the title "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies," hope for the U. Government panel's discussion is dim among the Bitcoin community leading up to the hearing. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li's One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media. Yi says that “people are free to participate in the Bitcoin market,” and that he would “personally adopt a long-term perspective on the currency.” News of his statements energize the already active Chinese bitcoin markets, with the largest, BTC China, seeing trade volumes more than twice those of the world's second-largest exchange, Mt. As the proceedings commence, however, many of the panelists and Senators agree that Bitcoin holds great promise. The general consensus is summed up by Jennifer Shasky Calvery, Director of the U. Government's Financial Crimes Enforcement Network (Fin CEN), who testified, “We want to operate in a way that does not hinder innovation.” Sources: Following a trail of clues left carelessly across the internet, the U. Federal Bureau of Investigation (in conjunction with other agencies) manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs. Ross Ulbricht, claimed by the FBI to be the site's founder, Dread Pirate Roberts, is arrested in a San Francisco Public Library and charged with narcotics trafficking, computer hacking, money laundering and engaging in a “continuing criminal enterprise.” About 30,000 BTC of the Silk Road's alleged bitcoin holdings are seized at the time, and an additional 144,000 BTC from DPR's private holdings are swept up three weeks later. Sources: business-to-business bitcoin exchange had been reliant on the relatively new Internet Archive Federal Credit Union to hold its clients' deposits in regulation-compliant, insured accounts. When the IAFCU determines that it can not reasonably handle the myriad regulatory issues surrounding Bitcoin, Tradehill is forced to halt operations and return customers' funds. With the warrant signed, Homeland Security Investigations seizes $2,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about $80 to over $260. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just $0.01 per coin. Gox reverses the fraudulent transactions and halts trading for seven days to re-secure their systems, and two other large exchanges issue temporary halts while their own security is reviewed. Soon after, a copy of the database is leaked and is used to launch attacks against accounts held by users of the My Bitcoin online wallet service who share the same password on both sites, resulting in thefts of over 4,019 BTC from roughly 600 wallets. topic=19491.0Titled “The Underground Website Where You Can Buy Any Drug Imaginable,” Adrian Chen's piece on Gawker is as provocative as it is popular. To many people reading it, the sudden realization that Bitcoin has a useful value – one that's entirely unique - hits home. Gox in the text, the article starts an enormous upswing in price that beats all previous records, reaching over $31 per bitcoin just one week after publication. Sources: March 27, 2011, Britcoin launches the first exchange to trade bitcoin and British Pound Sterling (GBP). On April 5, Bit begins facilitating trades in Euros (EUR) and other currencies. The following day, some popular news outlets feature stories on the symbolic milestone, causing such a surge of interest in the growing currency that the official Bitcoin website is temporarily hobbled. Just days later, on March 31, Bitcoin Brazil opens a service for face-to-face exchange in Brazilian Reals (BRL) and U. Together, they simplify bitcoin ownership and trading for hundreds of millions of new users and the market is expanded enormously. Sources: mainstream article on Bitcoin appeared in PC World Online Magazine discussing the options cryptocurrencies can offer in relation to the Wikileaks scandal. Sources: https://web.archive.org/web/20120331084706/https://bitcointalk.org/index.php? topic=5441.0Just two years old, Bitcoin achieves parity with the U. https:// a peculiar quirk of the way computers process numbers, an unknown person creates a fraudulent transaction that generates 184,467,440,737.08554078 bitcoins – nearly nine-thousand times as many as can legitimately exist in the entire system. The oddity is quickly spotted by Bitcoin developers and community members, and a fixed version of the Bitcoin software is released within hours. By the next day, the corrected blockchain overtakes the exploited one, and Bitcoin is back in normal operation – but not before the market is badly shaken. topic=822.0 Mc Caleb, a programmer best known for creating the successful e Donkey peer-to-peer network in 2000, announces the launch of Mt. Based on a prior, abandoned project of Mc Caleb's to create an online exchange for Magic: The Gathering cards, he soon struggles to keep up with the demands of the business and sells to Mark Karpelès on March 6, 2011. Gox would slowly grow to dominate the world of bitcoin trading over the next three years. topic=444.0The 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 newly-interested people on board, driving the exchange value of a single bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days. Sources: Talk user laszlo (Laszlo Hanyecz) pays 10,000 BTC for two pizzas delivered to their house (valued at about $25), ordered and paid for by another user, jercos. This assigns the first concrete valuation to bitcoin - about $0.0025 per coin. topic=137.0 Pay Pal, New Liberty Standard buys 5,050 BTC from Sirius for $5.02, equating to roughly one tenth of a cent per bitcoin. Sources: https://twitter.com/marttimalmi/status/423455561703624704 https://blockchain.info/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2New Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/ Rate The first Bitcoin transaction record, or genesis block, kicks off the Bitcoin blockchain and includes a reference to a pertinent newspaper headline of that day: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. The initial Bitcoin program and its source code are released by Satoshi Nakamoto six days later.

date: 22-Jun-2021 19:29next

,915,507.40 from an account owned by a Mt. Sources: https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? Gox subsidiary that was used to process payments to and from U. customers, and the future of Bitcoin's legal status becomes ever more uncertain. ” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)? Sources: Originally thought to be a Distributed Denial-of-Service (DDo S) attack on the largest bitcoin exchange, the great influx of traders on the heels of Cyprus's bailout announcement overwhelms Mt. Speculative concerns about the exchange's hiccups feed a powerful panic-sell that saturates the market and drives prices down to pre-rally levels, before rising again a few days later. Sources: https://web.archive.org/web/20130411093814/https://mtgox.com/press_release_20130411Orchestrated by Cyprus President Nicos Anastasiades, the Eurogroup, the European Commission, the European Central Bank and the International Monetary Fund, the €10 billion bailout is hoped to fortify the flagging Cypriot economy. Among its conditions, however, is a sizable levy collected from most bank accounts with holdings over the €100,000 cutoff - a serious concern not just for wealthy Cypriots but many internationals, as the nation's favorable policies had made it a popular global tax haven, particularly in Russia. Seeking solutions to preserve their holdings before the bailout's conditions take effect, many of these account holders begin buying bitcoin en masse, driving a price rally through early April that brought the value of one bitcoin from about to over 0. Sources: confidence in Bitcoin and the validity of some transactions, the price briefly plummets and the Mt. Gox exchange temporarily suspends bitcoin deposits. Thanks to a swift and coordinated response by Bitcoin developers, miners, and community members, the fork is resolved within hours after the operators of two large mining pools, Michael Marsee (of BTC Guild) and Marek Palatinus (of slush's pool), honorably forgo some of their accumulated mining rewards in order to downgrade to the previous, compatible version. An updated version, 0.8.1, is released shortly after, containing safeguards to prevent the original problem. Sources: https://bitcoin.org/en/alert/2013-03-11-chain-fork https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki In line with the original design for Bitcoin's maturation, the number of coins created to reward miners undergoes its first reduction, beginning the long and gradual process of tapering the amount of new currency entering the economy. These “Halving Days” are scheduled to occur every four years, stepping down the number of new bitcoins generated until the reward reaches 0 in the year 2140, to yield a fixed money supply of 20,999,999.9769 BTC. This pre-programmed limit to inflation is a major driver of the currency's economic controversy, value appreciation and speculation. Sources: In a smart and savvy release, Wordpress explains the decision: “Pay Pal alone blocks access from over 60 countries, and many credit card companies have similar restrictions... we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.” As one of the 25 most popular domains on the web, Wordpress's move paves the way for later retail ventures in Bitcoin. Sources: consistent weekly “interest” returns of 7% to its creditors, Trendon T. topic=261290.0An unknown hacker breaches Linode's server network and immediately seeks out accounts related to bitcoin, quickly compromising the wallets of eight customers. Shavers (known on Bitcoin Talk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50 BTC) and paying out “interest” weekly. Securities and Exchange Commission files charges against Shavers for defrauding investors in a Ponzi scheme. Bitcoinica, a large online bitcoin exchange, is hardest hit, losing more than 43,000 BTC, while other prominent victims include Bitcoin's lead developer Gavin Andresen as well as Marek Palatinus (also known as slush), the operator of a large mining pool. On August 17, 2012, Pirateat40 announces a halt to the operation, and absconds with deposits estimated between 86,202 and 500,000 BTC. Both Bitcoinica and slush's pool bear the theft's losses on behalf of their customers. Sources: https://web.archive.org/web/20120302143922/ February 11, 2012, Paxum, an online payment service and popular means for exchanging bitcoin announces it will cease all dealings related to the currency due to concerns of its legality. Two days later, regulatory issues surrounding money transmission compel the popular bitcoin exchange and services firm Trade Hill to terminate its business and immediately begin selling its bitcoin assets to refund its customers and creditors. The following day, Patrick Strateman, known on Bitcoin Talk as phantomcircuit, benevolently discloses a devastating bug in how BTC-E, another online exchange, secures its clients' accounts and funds. Sources: https://web.archive.org/web/20120822072101/ the initial announcement of this upcoming, Bitcoin-themed episode, investors bet big on the show to catapult prices to new highs. Despite the massive exposure, prices remain stagnant following the show's airing. topic=53235.0By gaining access to the credentials of an official auditor working for the Mt. About 9.45 million viewers tune in to watch "Bitcoin for Dummies" on January 15, 2012; the story involves a government manhunt for the creator of Bitcoin, who is charged with creating a currency in competition with the U. Gox bitcoin exchange, a hacker downloads a slightly out-of-date copy of the website's user database, including email addresses and insecurely hashed passwords. Using their newfound administrator-level access to the site, they place countless offers to sell bitcoins that don't exist, falsely deflating prices until the going rate reaches just

How much is one bitcoin worth in 2017

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for .02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was ,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased 0 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly 5 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise 0 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased 0 million worth of bitcoin in August and bought another million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's 0 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of 8,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of 8,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately 5 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for 0 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around .2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for 0 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than 8,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around 0,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ0 million ( million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With

How much is one bitcoin worth in 2017

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. The highest price Bitcoin ever reached (Bitcoin all-time high) until today was $20,089 on December 18th 2017. Bitcoin’s price refers to the last transaction conducted on a specific exchange. That’s why you’ll see different “prices” on different exchanges. For example, since Bitstamp has different exchanges going on than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. there’s more supply), the price will drop since people aren’t willing to pay as much. Cryptocurrency brokerage Coinbase has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. In the company’s last fundraising round, Coinbase was valued near $8 billion. That figure, however, is from 2018, and it’s likely Coinbase will seek a much higher valuation owing to the booming crypto market and the recent surge in demand for IPOs. https://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5 https://fortune.com/2020/12/17/coinbase-ipo-cryptocurrency-initial-public-offering-stock/ https:// this date, Bitcoin reached a new all time high above $20k, bypassing 2017's record price. Bitcoin's price soared in 2020 during the coronavirus pandemic as investors have found Bitcoin more and more attractive as the US dollar weakened. Bitcoin reached its previous all time high of ~$20,000 on December 18, 2017. That price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Read more: Bitcoin All Time High (ATH) - How Much Was 1 Bitcoin Worth at Its Peak? | 99Bitcoins Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets. The mutual insurer also acquired a $5 million minority equity stake in NYDIG that provides cryptocurrency services to institutions. NYDIG will provide custody services for Mass Mutual’s Bitcoins. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. https://finance.yahoo.com/news/169-old-insurer-massmutual-invests-201510585https:// https:// In a statement released, US software firm Micro Strategy plans to raise $400 million through convertible bonds to buy more Bitcoin. Proceeds from the debt sale will be invested in bitcoin if they aren't required for general corporate needs, the statement said. The business-intelligence group first purchased $450 million worth of bitcoin in August and bought another $50 million of the crypto asset in December. CEO Michael Saylor explained to Coin Desk that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars. https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-announces-proposed-private-offering-400-million https://markets.businessinsider.com/currencies/news/microstrategy-plans-raise-400-million-private-offering-buy-more-bitcoin-20872851A leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold." Thomas Fitzpatrick, global head of the company’s Citi FXTechnicals market insight product, solely intended his report for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318,000 by December 2021. sh=fa5ce556eabd The Department of Justice announced that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system sometime in 2012 or 2013. https:// https://com/news/technology-54833130Pay Pal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their Pay Pal accounts. Pay Pal has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable Pay Pal to launch a new service that will enable its customers to: Through partially-owned subsidiary New York Digital Investment Group (NYDIG), Stone Ridge Holdings Group has accumulated 10,000 bitcoin, valued at approximately $115 million at the time of the news reported by Forbes. This investment has purportedly been in the works for over three years. Forbes reports that in 2017, staff at Stone Ridge were personally accumulating so much bitcoin that internal auditors had to look into the cryptocurrency. Once word got out about this, "the firm's clients increasingly wanted to express the same thesis." The company's co-founder, Robert Gutmann, said himself to Forbes that "the long term growth of an open-source monetary system - in assets like bitcoin.” https:// https:// platform Square has purchased $50 million in Bitcoin, part of its larger investment in cryptocurrency. Square bought a total of 4,709 Bitcoins, which the company says represents about 1 percent of its total assets as of the end of the second quarter. Square said it was making the purchase because it believes “bitcoin has the potential to be a more ubiquitous currency in the future,” calling cryptocurrency “an instrument of economic empowerment” that “provides a way for the world to participate in a global monetary system.” Jack Dorsey, Square's and Twitter's CEO tweeted a whitepaper on Twitter describing how the company purchased Bitcoin on the OTC market, which used 99Bitcoins' detailed guide as a reference. https:// https://markets.businessinsider.com/currencies/news/jack-dorsey-how-square-invested-in-bitcoin-20665366 https://images.ctfassets.net/2d5q1td6cyxq/5s XNrl Eh2m En Tvvhgt YOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_American authorities brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, Bit MEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of Bit MEX, Arthur Hayes, and three co-owners: Benjamin Delo, Samuel Reed and Gregory Dwyer. Reed was arrested in Massachusetts, while the other three men remained at large, authorities said. The Department of Justice brought criminal charges against the owners and executive for violating rules under the Bank Secrecy Act that require financial institutions to maintain anti-money laundering controls. https://com/content/1672e8fe-1072-448a-92e7-cde9cb6dce6f https:// exchange Kucoin has been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Seychelles-registered exchange confirmed the security breach, but did not disclose the amount stolen first. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has stirred questions around the influence of centralized platforms. Kucoin maintained that funds in its cold wallets (offline storage, which is less susceptible to hacks) are safe, even as the hot wallets were hit. https:// https://cointelegraph.com/news/bitcoin-price-unfazed-after-150m-hack-of-major-exchange-kucoin In post on Git Hub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million) as a result of "foolishly" installing an old version of the lightweight wallet. Going by the username "1400Bitcoin Stolen," they described how a pop-up message asked to update their security prior to being allowed to transfer any funds. Upon installing a purported "security update" for the wallet, it immediately triggered a transfer of the user's entire balance to an address in the possession of a hacker. Binance's CEO Changpeng "CZ" Zhao has moved to blacklist the stolen funds from his exchange, stating users should "beware of this Electrum official update." Electrum has been around since 2011 and has gone through multiple updates while also being unable to stop bad actors exploiting previous versions by Sybil attacks using malicious servers. https:// https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052Federal agents have seized millions of dollars worth of bitcoin that terrorist organizations were using to carry out their violent campaigns according to the US Department of Justice. As part of the operation, officials also seized a website and four Facebook pages that ISIS was using to sell fake personal protective equipment. The seizure was just one part of a broader crackdown on the financial operations behind terrorist groups. https:// https:// Intelligence (BI) giant Micro Strategy has revealed that it has purchased 21,453 Bitcoins (BTC) for $250 million. The purchase is part of a strategic realignment of the company adopting Bitcoin as its primary treasury reserve asset. Announced with the company’s Q2 2020 results, Micro Strategy’s new strategy sought to invest in “alternative” assets. Saylor said the company’s new strategy aims to maximize long-term value for its shareholders: This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. Micro Strategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. https:// Strategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset https:// Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services.” https://gov/news-issuances/news-releases/2020/nr-occ-2020-98https://news.bitcoin.com/us-regulator-banks-cryptocurrency-custody/Crypto hackers took over the Twitter accounts of prominent users including Bill Gates, Kanye West, Elon Musk and Barack Obama and many more. The Bitcoin wallet where followers were asked to send money received more than $118,000 before Twitter locked down all verified accounts to shut down the scam. Jack Dorsey, the CEO of Twitter sent out the following tweet to address the situation: Twitter put out a blog post confirming that 130 accounts were targeted and the hackers were able to initiative a password reset, log in to the account, and send tweets for 45 of those accounts. Twitter also said that the hackers were able to download account data belonging to eight unverified users. The cryptocurrency exchange Coinbase has stopped around 1,100 customers from sending around $280,000 in bitcoin to hackers who gained access to high-profile Twitter accounts. Following a widespread investigation a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack. https:// https:// https:// sleuths at Zen Go, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls Big Spender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to Zen Go, while Edge was undergoing a “significant refactor” to address the issue. https:// Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Vinnik is the alleged owner of the collapsed BTC-e exchange. BTC-e exchange operated without anti-money laundering controls and policies, allowing criminals to launder illicit funds through the bourse. https:// https://news.bitcoin.com/new-zealand-police-seize-91-million-from-russian-bitcoin-exchange-operator/Regulators in China’s Sichuan region have sent a notice to all cryptocurrency businesses within their jurisdiction to call for a swift end to all mining and mining-related activities. Municipal administrators and subordinate offices in Sichuan have also been directed to “guide” miners to shut down their operations “in an orderly manner.” The mandate is particularly significant because of the sheer amount of Bitcoin hash power (computing power) that is generated from the regions. https:// reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at UTC. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. In an homage to Satoshi Nakamoto’s iconic “brink of a second bailout” message in the 2009 genesis block, f2pool, which mined the 629,999th block (the last before the halving), embedded a reference to the current financial crisis: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” https:// Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation’: Canadian asset manager 3i Q has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC. Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – reduced its block rewards by half, causing many miners to see gross margins drop to near zero. https:// The largest cryptocurrency exchange by market volume has acquired popular data site Coin Market Cap (CMC) for $400M. With its extensive (although often questionable) data on prices, volumes and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. Amazon’s Alexa ranks CMC as the 570th most visited website globally at this time. Federal Reserve's open-ended easing program is a long-run positive for bitcoin's (BTC) price. https:// Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system, - the patent reads, adding as an example: A brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Bitcoin is marching northwards as the Federal Reserve’s extraordinary economic measures boosts risk appetite in the traditional markets. A major part of the double-digit price rise came after the Fed announced its "bazooka" move to expand asset purchases by as much as needed (that is, with no upper limit) to help the economy absorb shocks arising from the coronavirus pandemic. https:// The surge in price occurred shortly after the U. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about the type of securities it would purchase. The massive stimulus package is designed to combat the market turmoil brought about by the novel Coronavirus but shortly after the announcement, Dow futures dropped 1,000 points. https://cointelegraph.com/news/bitcoin-price-tops-59k-as-fed-cuts-interest-rates-to-0-restarts-qe https://com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. The world’s most widely held cryptocurrency dropped below $4,000, knocking off half of its value over two days. Even safe-haven assets, like Gold, Silver, and Bitcoin were not able to withstand the widespread coronavirus stock market crash on March 13, driving investors towards the safety of cash. People are raising cash to meet redemptions and margin calls. Market liquidity is freezing up, people are struggling to trade. https://com/2020/03/13/India’s supreme court overturned an April 2018 central bank order barring banks from providing services to crypto companies. The Reserve Bank of India (RBI) had, in its diktat, assumed that virtual currencies posed a systemic risk to the banking system. https://qz.com/india/1813111/india-must-not-mess-up-with-bitcoin-other-cryptocurrencies-now/ FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Craft Ventures led the round, with Managing Director Brian Murray joining Lightning Labs’ board of directors. Other investors include Slow Ventures, former Goldman Sachs co-head of securities David Heller, Avichal Garg of Electric Capital and Ribbit Capital. In addition to the capital raise, Palo Alto-based Lightning Labs also launched its first financial services product, Lightning Loop, to monetize the so-called “layer-two” technology that sits on top of the bitcoin blockchain by making it easier for startups to accept the cryptocurrency. Here you can read more about the Lightning Network: https://99bitcoins.com/bitcoin/lightning-network/ https:// https://fortune.com/2020/02/05/bitcoin-lightning-labs/ https:// Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal. The city of Zug became the first in Switzerland to accept Bitcoin payments in 2016. Famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. He also added that: Options on CME's bitcoin futures contracts launched on the CME Globex. Bitcoin derivatives have been available on multiple cryptocurrency exchanges since at least 2014, but CME was one of the first platforms to offer investors regulated products when it first launched its cash-settled bitcoin futures in December 2017. https:// https://cointelegraph.com/news/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high Cryptocurrency picked up a bid at lows after the U. launched an airstrike at Baghdad’s international airport, killing top Iranian General Qassem Soleimani. Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions. Through all this, Bitcoin remained bid and hit a two-week high. https:// A wave of You Tubers received notifications that their videos were in breach of the platform's terms of service. The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content. The Google-owned video sharing platform has since apologised for the mistake. But some crypto-bloggers have complained that their videos have not been restored after several days. "With the massive volume of videos on our site, sometimes we make the wrong call," a You Tube spokesman said. https:// https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up Five men behind a company called Bit Club Network are accused of a $722 million scam that allegedly preyed on victims who thought they were investing in a pool of bitcoin mining equipment. https://finance.yahoo.com/news/cryptocurrency-rocked-massive-bitcoin-fraud-002556949https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets. The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. https://com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67 A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified. Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar. https:// https://news.crunchbase.com/news/bitcoin-hardware-company-canaan-creative-files-for-ipo/Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. The professors’ study found that tethers being traded for bitcoins revealed a pattern. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the U. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. https://com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000https:// Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. https:// Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary. The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update. https:// UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world. https:// The owner of the New York Stock Exchange launched its long-delayed market for Bitcoin futures. S., one of the world's largest commodities markets, offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency futures contracts ever traded on a federally regulated exchange. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option. https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/ https://com/articles/nyse-owner-to-launch-long-awaited-bitcoin-futures-11569153649While the U. Van Eck Securities and Solid X Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – revealed they are taking an unusual route to bypass the regulatory hurdles. The companies will use an SEC exemption that will allow shares in their Van Eck Solid X Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors. It was clarified that the product is not a true ETF, although similar. https://com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003 https:// US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman. The IT security consultant Craig Wright, 49, was sued by the estate of David Kleiman, a programmer who died in 2013, for a share of Wright’s bitcoin haul over the pair’s involvement in the inception of the cryptocurrency from 2009 to 2013. https:// https:// Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. The acquisition comes as part of an aggressive push by Coinbase to expand its custody services and could result in the San Francisco company storing over 5% of all Bitcoins in circulation. https://fortune.com/2019/08/15/coinbase-xapo-bitcoin-custody/Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. https:// The Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra, which will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under Bitcoin. https:// https:// Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13. https:// USKCN1TE0IB https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing Cryptocurrency founder Justin Sun had the winning $4.57 million bid in the 20th-anniversary charity auction to have lunch with Warren Buffett. Buffett has been a notable and outspoken bitcoin critic — calling it everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Still, Sun says even the most successful investors of all time “can sometimes miss a coming wave,” pointing to Buffett’s investments in Kraft Heinz and general aversion to tech investing. https://com/2019/06/03/crypto-entrepreneur-to-pay-4point6https:// Second copyright registration for the white paper has appeared on the public catalog of the United States Copyright Office, indicating that a certain Wei Liu is also claiming to have originated the work under the pseudonym Satoshi Nakamoto. It is not clear who Wei Liu is or why the registration was filed. However, it may well be that it is a counter to Wright’s move to assert ownership of fundamental bitcoin property. https:// The man claiming he invented bitcoin, Craig Wright, has filed for copyright of the original Satoshi Nakamoto whitepaper. The Australian entrepreneur claimed to be Nakamoto, the creator of the cryptocurrency, back in 2016. The US Copyright Office catalog shows his filings for the Bitcoin: A Peer-to-Peer Electronic Cash System text file and Bitcoin, a computer file. Wright is working on Bitcoin SV, which emerged after the world’s first Bitcoin hash war in November 2018 to ensure the Satoshi Vision of Bitcoin lives on. Bitcoin SV (BSV), at one point surged over 200 percent on some exchanges during the day reacting to the copyright news. https://com/news/australian-who-says-he-invented-bitcoin-files-for-copyright/ https:// stole 7,000 bitcoin from major cryptocurrency exchange Binance. They used a variety of methods to carry out the “large scale security breach, ” according to the exchange. Binance said it would cover the incident “in full” and no user funds affected. https://com/2019/05/08/binance-bitcoin-hack-over-40https://techcrunch.com/2019/05/07/binance-breach/The New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss. The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court. https://com/2019/04/26/ world's largest bitcoin and cryptocurrency exchange by volume, Binance, has said "de-listed" Bitcoin SV, striking it from the exchange as of April 22 as it no longer meets the high level of standard they expect. Elsewhere, the exchange Shape Shift said it will delist bitcoin SV too and another exchange, Kraken, is polling its users on whether to continue supporting the cryptocurrency. The bitcoin cash split, known as a "hard fork", was sparked by a disagreement over the block size, which determines how many transactions can be recorded in each block added to the blockchain. https:// China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The suggestion is that the power consumed by the industry contributes to pollution and wastes resources. Securities and Exchange Commission (SEC) has delayed making a decision (again) on two bitcoin exchange-traded fund (ETF) proposals earlier this year. https:// USKCN1RL0C4 https://com/news/technology-47867031The U. https:// percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise. The firm analyzed the top 81 crypto exchanges by volume on industry site Coin Market They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. https://com/2019/03/22/https://com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts. XQzrc Igza Uk https://com/2019/03/14/tech/mark-karpeles-mt-gox/Facebook's much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the project. The social network first began working on the cryptocurrency in May 2018, following one of the biggest management reshuffles in the company's history. Previous rumours have suggested the so-called stablecoin, which would be pegged to other currencies to avoid price volatility, would roll out to users of the popular messaging app Whats App. https:// crypto exchange Quadriga CX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. government shutdown has forced the withdrawal of a closely-watched proposal to list a bitcoin exchange-traded fund (ETF) on the Cboe BZX Exchange. https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454The on-going U. The bitcoin ETF proposal, brought by investment firm Van Eck and financial services provider Solid X, has faced an uphill battle for approval from the U. Securities and Exchange Commission (SEC) due to concerns the bitcoin price is susceptible to market manipulation. Van Eck CEO Jan van Eck explained that the companies filing the rule change proposal had been in talks with the SEC, but these talks ended when the shutdown began. To avoid a probable rejection due to the closure, the proposal was withdrawn. https://com/2019/01/23/Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U. states startup Bitwise Asset Management has proposed a new bitcoin exchange-traded fund (ETF) that it says would address the regulatory concerns that doomed previous attempts. The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of bitcoin plus any “meaningful hard forks.” https:// To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according to Trace, would serve two main purposes. Firstly, it would encourage Bitcoin users to exercise the monetary sovereignty made possible by the protocol – the hope being that those not knowing how to securely store Bitcoin would learn. The second part of Proof-of-Keys supposedly serves to test the trustworthiness of the exchanges. If every single user requested every single coin on the same day, would the exchange be able to pay them all? If it turned out they could not then the platform in question would be not only guilty of deceiving its users but also guilty of artificially inflated the total supply of the currency. https:// https:// Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, Pay U, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants. https://com/breaking-bakkt-raises-182-million-what-it-means-for-the-state-of-bitcoin-industry/A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at the time of the attack. The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. https:// A wave of bomb threats emailed to hundreds of schools, businesses and government buildings across the US triggered searches, evacuations and fear - but there were no signs of explosives, and authorities said the scare appeared to be a crude extortion attempt with hoaxers requesting cryptocurrency ransoms. https:// https://nypost.com/2018/12/13/fake-bomb-threats-nationwide-were-part-of-bitcoin-export-plot/In November 2018, a hard-fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin ABC and Bitcoin SV. This caused a decline in prices across the cryptocurrencies due to uncertainty. https:// October 31 2008, Bitcoin's mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called "Bitcoin: A Peer-to-Peer Electronic Cash System", which led to the creation of Bitcoin, the first ever cryptocurrency. https://com/2018/10/31/bitcoin-turns-10https:// Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain's always-on trading cycle. https:// https://com/2018/10/15/A Japan-based cryptocurrency exchange called Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. Hackers with unauthorized access to the exchange’s hot wallets had stolen roughly $60 million in Bitcoin, Bitcoin Cash, and Mona Coin. https:// Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. r=UK&IR=TThe price of bitcoin fell sharply after the Securities and Exchange Commission postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by Van Eck and Solid X. https://com/2018/08/08/https:// Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft's cloud to create an open and regulated, digital asset ecosystem, ICE said. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. https:// https://com/2018/07/26/Bitcoin jumped as the news spread that Black Rock sets up a working group to look into cryptocurrencies and blockchain. https://com/2018/08/04/brian-kelly-bitcoin-could-come-to-your-401The U. Black Rock CEO Larry Fink later confirmed the report in an interview with Reuters. https://com/2018/07/16/https:// USKBN1K61MC Facebook has reversed its controversial ban on cryptocurrency adverts put in place in January amid fears that the ads were used for fraud. Commodity Futures Trading Commission (CFTC) has sent subpoenas to four crypto-exchanges—Bitstamp, Kraken, It Bit, and Coinbase—demanding answers on the subject of market price distortion. https:// price tumbles after the Bithumb exchange announced on Wednesday, 20 June, that hackers had seized $31 million worth of cryptocurrency from its online vaults, marking the second time in less than a year that it has been breached. Sources: https://com/articles/u-s-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-1528492835? mod=searchresults&page=1&pos=1 https://yahoo.com/bitcoin-price-crypto-crash-blamed-095821221South Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Sources: https://com/2018/06/10/bitcoin-tumbles-10The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Sources: https:// https://com/2018/05/24/Prosecutors raided Up Bit, the largest cryptocurrency exchange in South Korea on suspicion of fraud. Sources: https://com/2018/05/11/bitcoin-drops-to-3https:// USKBN1IC150One of the largest investment bank announced, Goldman is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin. Sources: https:// of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. Coinsecure pledges to compensate customers from personal funds. Sources: https:// Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud. Sources: https://com/2018/03/26/bitcoin-falls-7-percent-to-below-8000Google said it is banning online advertisements promoting cryptocurrencies and initial coin offerings from June. Google’s updated policy came with the release of its annual "bad ads" report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search, display and video network. Sources: https:// US Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. SEC statement boosted concern that tightening regulation may limit trading. Sources: https://com/2018/03/07/bitcoin-just-tanked-below-10000Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and dangerous offers. It said it would now ban ads that are related to cryptocurrency, initial coin offerings, or binary options. Facebook noted that all of those things can be used legitimately – but that a worryingly large amount of ads marketing them were actually just scams. Sources: https:// of Japan’s largest cryptocurrency exchange, Coin Check has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM. Sources: https:// https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/Out of the total 21mln, on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. Sources: https:// Coin Market Cap removed prices from South Korean exchanges from its calculations of cryptocurrency rates without any warning, resulting in a steep drop in all prices. Additionally, Korea’s financial authorities on Jan. 8 launched an investigation into cryptocurrency-related services provided by local banks amid criticism that recent government measures are having little impact on cooling the markets. ud=20180108000853Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. Sources: https://com/2018/01/02/https://com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433Bitcoin price tumbled after South Korea announced more measures to regulate bitcoin trading, including a potential shutdown of exchanges, amid volatile moves in the world’s third-largest cryptocurrency market. “Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “We cannot leave the abnormal situation of speculation any longer.” Sources: https:// https://com/content/75e13894-eba7-11e7-bd17-521324c81e23Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Sources: https:// Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called Seg Wit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. Developers behind Seg Wit2x announced they are calling off plans for the upgrade until there is more agreement in the bitcoin community. Sources: https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/ https://com/2017/11/08/bitcoin-surges-11-percent-to-record-above-7800CME Group announced that it plans to introduce trading in bitcoin futures by the end of the year, only a month after dismissing such a plan. Chief Executive Officer Terrence Duffy cited increased client demand as a key reason for the change of mind. As a result, the Bitcoin price hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and a minute after moving past the $6,500 mark, according to data from Coin Desk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion. Sources: https://com/2017/11/01/bitcoin-price-hits-6500https:// According to the Bitcoin Gold pitch, returning to home users will bring forth greater decentralization. Since Bitcoin Gold was issued, its price has plunged over 66 percent within the first couple of hours. The sell-off was due to investors dumping the cryptocurrency, perhaps signaling a lack of faith in the newly-created coin. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/ https://com/2017/10/25/The price of bitcoin has smashed through $5,000 to an all-time high. The cryptocurrency rose by more than 8% to $5,243 having started the year at $966. Sources: https:// Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Sources: https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https:// Regulators started to scrutinize China's initial coin offerings as announced by a local outlet. Caixin reported that a notice, issued by a working committee that oversees risk in the country's internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies are banned. It added that authorities are cracking down on related fraudulent practices. The document defined initial coin offerings (ICOs) as an unauthorized fundraising tool that may involve financial scams, the Caixin report noted. The committee provided a list of 60 major ICO platforms for local financial regulatory bodies to inspect. Sources: https://com/2017/09/04/After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Sources: https://99bitcoins.com/segwit2x-uasf-and-the-upcoming-fork-guidelines-heres-what-you-need-to-know/ https:// recognizes bitcoin as a legal method of payment. Securities and Exchange Commission on Tuesday denied for the second time in a month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency. The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument. The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the Solid X Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price. Sources: USKBN16Z2HHthe US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. Sources: https://nypost.com/2017/03/10/winklevoss-bitcoin-trust-tanks-after-sec-denies-application/ https:// rallying for most of the second half of 2016 Bitcoin breaches the $1000 mark for the first time in 3 years. Mass media coverage brings in an influx of new users that supposedly will raise the price even higher. Source: a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan's Nikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. European markets opened sharply lower before paring its losses. Germany’s DAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up $26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Sources: the largest Bitcoin exchange by volume, announced that 119,756 bitcoins of customer funds had been stolen via a security breach, a value roughly equivalent to $72 million USD. Bitfinex was holding the customer funds in multi-signature addresses in conjunction with its security partner Bit Go. It is presumed that the attacker obtained access to the private keys for nearly all Bitfinex customer accounts, as well as access to the Bit Go API for the Bitfinex account. It remains unclear if the customer funds were insured by Bit Go and if customers will be fully reimbursed. The price of Bitcoin plunged nearly 20% to $480 USD that day before beginning a gradual recovery. Others in the Bitcoin community suggested that prior knowledge of the upcoming hack was used by unknown entities for insider trading as the price had begun to drop significantly before Bitfinex's announcement. Sources: https:// block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. The block reward halving occurs every 210,000 blocks and the next "Halving Day" is expected to occur in July 2020. Sources: a five month absence from the public eye, Craig Wright publicly announced he was Satoshi Nakamoto by means of a blog post. The blog post featured a disjointed demonstration of a private key signing, which seemed to be an attempt to verify Wright was in possession of Nakamoto's private Bitcoin keys. This verification was later debunked by the Bitcoin community. Wright's claim was backed up by Bitcoin developer Gavin Andresen in his own blog post earlier the same day. Andresen stated that he met with Wright in-person in London, and privately witnessed Wright sign an arbitrary message using one of Nakamoto's private Bitcoin keys. Andresen later stated that he may have been tricked by Wright. Sources: https:// https://news.ycombinator.com/item? id=11609707 https:// popular gaming platform Steam began accepting Bitcoin as payment for video games and other online media. Valve, the company that owns Steam, enlisted Bitpay as the payment processor to facilitate Bitcoin payments and help target international customers where credit card payments weren't as ubiquitous. Sources: https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/The initial production version of the first decentralized marketplace software, Open Bazaar, was released to the general public. The goal of the project was to facilitate peer-to-peer trade without a middleman, fees, or restrictions on trade. The software allows users to create virtual stores where buyers can purchase goods using Bitcoin. The Open Bazaar project would later announce it received $1 million in funding from venture capital firms Union Square Ventures, Andreessen-Horowitz, and angel investor William Mougayar . Sources: https://blog.openbazaar.org/openbazaar-is-open-for-business/ members of the Bitcoin community met in Hong Kong to discuss a development plan and timeline for scaling Bitcoin. The closed-door meeting included over 30 miners, service providers, and Bitcoin Core developers and was meant to address solutions to the block size debate. The meeting concluded with a public statement proposing the group's support for the new Segregated Witness functionality, and making a hard fork in the Bitcoin protocol available that would increase the block size limit between 2MB and 4MB by July 2016. Others in the Bitcoin community denounced the meeting as being inconsequential as the parties involved represented a small handful of Bitcoin companies and special interest groups. Sources: https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff https:// a public blog post, Mike Hearn declared that Bitcoin had failed and that he will "no longer be taking part in Bitcoin development". Hearn was an ex-Google developer who had been heavily involved in the Bitcoin community and related projects since the early days of the cryptocurrency. His most popular project was bitcoinj, a Java implementation of the Bitcoin protocol. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD. Others in the Bitcoin community accused Hearn of purposely attacking Bitcoin in order to promote his new employer, R3 CEV, a startup focused on using blockchain technology to improve the operations of the global banking industry. Sources: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https:// researcher and writer, Gwern Branwen, published an article in WIRED magazine claiming that an Australian man named Dr. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". Gwern cited a number of Wright's deleted blog posts, leaked emails, and transcripts that seemed to suggest Wright is Bitcoin's creator. In one leaked transcript Wright himself claims "I did my best to try and hide the fact that I’ve been running bitcoin since 2009". Another document detailed that Wright had access to a Bitcoin trust worth 1.1 million bitcoins. However, none of the leaked documents Gwern claimed to possess were published. Wright did not provide WIRED with any confirmation that he was indeed Satoshi Nakamoto. Within hours of the article being published, Wright's existing online presence was mostly removed from the web. Sources: https:// Unicode committee accepted the Bitcoin currency symbol (uppercase B with 2 vertical bars going through it, but only visible at the top and bottom) to be in a future version of the Unicode standard. The glyph will be given the slot "U 20BF BITCOIN SIGN" and eventually will render with standard system fonts. Sources: Economist, a globally popular British publication focused on economic liberalism, made it's article "The Trust Machine" the featured cover story of it's weekly print edition. The article focused mainly on the utility of blockchain technology, promoting the idea that banks and government institutions may implement their own blockchains to create "cheap, tamper-proof public databases". Sources: The European Court of Justice ruled that the exchange of Bitcoin and "virtual currencies" is not subject to value-added-tax (VAT) in the European Union. The ruling acts to classify Bitcoin and related alt-coins as currency, instead of goods or property. This ruling is in contrast to the United States' classification of Bitcoin as both a currency (according to FINCEN) and commodity (according to CFTC/IRS). Sources: and Tyler Winklevoss released their own US based Bitcoin exchange dubbed "Gemini". Upon launch, the exchange was licensed to operate in 26 states and was able to "service both individual and institutional customers" due to its LLTC corporate structure. Gemini was also able to offer FDIC insurance on customer deposits thanks to a partnership with a New York based bank. The exchange aims to be fully compliant with US law with a policy to first "ask for permission, not forgiveness". Sources: https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291The Commodity Futures Trading Commission (CFTC), announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform. They state: "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities,". Sources: https:// Bitcoin Core developers Mike Hearn and Gavin Andresen released a separate version of the Bitcoin client software, called Bitcoin XT. The release illustrates an ongoing controversy in the Bitcoin development community: what limit should be placed on the size of Bitcoin's blocks? Bitcoin XT implements BIP 101, which proposes "replacing the fixed one megabyte maximum block size with a maximum size that grows over time at a predictable rate". The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin's global ledger. Sources: https://medium.com/faith-and-future/why-is-bitcoin-forking-d647312d22c1 https://en.bitcoin.it/wiki/Block_size_limit_controversy https://bitcoinxt.software/ https://github.com/gavinandresen/bips/blob/fd99a8ce04dbad96fb275e0300a7ee669e70f418/bip-0101.mediawiki Mark Karpeles, the CEO of the failed Bitcoin exchange Mt. Gox, was arrested in Japan on charges of fraud and embezzlement in relation to collapse of the exchange. Karpeles faces allegations of illegally manipulating trade volume and the personal use of client deposits, of which may have led to the exchange's insolvency. Gox is thought to have ultimately lost 744,400 Bitcoins of customer deposits. Sources: Federal agents Carl Force IV (DEA) and Shaun Bridges (Secret Service) pleaded guilty to stealing Bitcoins for their personal gain during their active investigation of the Silk Road marketplace. Force was charged with "extorting Ulbricht, as well as wire fraud, theft of government property, money laundering, and conflict of interest" in his role in siphoning off $50,000 worth of Bitcoin from the Silk Road into his own personal accounts. Bridges is charged with money laundering and obstruction of justice for stealing $820,000 worth of Bitcoin in a similar manner. Force agreed to pay $500,000 in restitution and was later sentenced to 6 years in prison in October 2015. Sources: of New York State Department of Financial Services, Benjamin Lawsky, released a set of customized rules meant to regulate Bitcoin and digital currency businesses that serve customers located in New York state. These regulations are the first ever directly targeted at digital currency businesses. According to the regulations, digital currency companies that serve NY customers must apply for a "Bit License" within 45 days or be considered in "breach of the law". A Bit License application costs $5,000 and the regulations include a number business requirements, such as fingerprinting employees for the FBI, obtaining written approval of all new business activities, and retained "earnings and profits of the company can only be invested in US dollars". In response, New York based customers were banned and expunged by a number of Bitcoin companies, including Bitfinex, Kraken, Bitquick.co, and Shape Shift. Sources: https:// https:// a month-long jury trial that ended in Ulbricht's conviction, Judge Katherine Forrest sentenced Ulbricht to life in prison without parole. Ulbricht had been found guilty on 7 charges of money laundering, computer hacking, and conspiracy to traffic narcotics in February due to his role as the operator of the Silk Road marketplace (a.k.a "Dread Pirate Roberts"). In a letter to Judge Katherine Forrest prior to his sentencing, Ulbricht admitted to running the Silk Road and made a plea for leniency. The judge's sentencing statement hinted that the harshness of the sentence was to make an example of Ulbricht: members of the public considering following in his footsteps should know "that if you break the law this way, there will be very serious consequences." Ross Ulbricht would later appeal the ruling on June 5, 2015. Sources: https://en.wikipedia.org/wiki/Ross_Ulbricht https://reason.com/blog/2015/05/31/silk-road-trial-read-ross-ulbrichts-haun The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. The company founders stated they had worked for months to obtain various licenses from state financial regulators, allowing them to legally accept customers from 25 different US states. The new platform will operate like a traditional exchange: customers can deposit funds, place asks and b