11 Years of Bitcoin: 100 Hard-core Things

On October 31, 2008, Satoshi Nakamoto sent the Bitcoin white paper to members of the "Cryptocurrency Mailing Group".

The era of Bitcoin has begun.

Over the past decade, Bitcoin has gone through the dark web, reality, hackers, users, regulation, and forks. Its price has risen from $0 to $20,000, gained a group of believers, spawned an industry, and has been declared dead countless times.

On the eleventh anniversary of the Bitcoin white paper, 31QU has collected and compiled 100 "hardcore" events from the past 11 years of Bitcoin, and hopes to see you in the second, third, and countless decades.

Text/31QU Deep Alchemy

100

2019.10.31

It’s the eleventh anniversary of the release of the Bitcoin white paper.

For more than a decade, the decentralized operation of Bitcoin has given birth to the entire blockchain industry and created a miracle.

Image source: https://www.youtube.com/watch?v=N2UH19eX0ew

2019.10.26

The price of Bitcoin rose from $7,600 to $10,800, a 40% increase in a single day, the third largest price fluctuation in Bitcoin history.

2019.10.24

The Political Bureau of the CPC Central Committee held its 18th collective study session on the current status and trends of blockchain technology development on the afternoon of October 24. The meeting proposed to take blockchain as an important breakthrough for independent innovation of core technologies.

2019.9.23

Bakkt, a Bitcoin futures trading platform that uses physical Bitcoin settlement, is launched.

Bitcoin price change in 10 days: -$1747

2019.06.18

Facebook's cryptocurrency project Libra white paper was released. According to the white paper, Libra aims to be a stable currency built on a secure and stable open source blockchain, backed by a reserve of physical assets and managed by an independent association.

Bitcoin price change in 10 days: +$1677

2018.12.16

Bitcoin price hits bottom at $3,200.

Bitcoin price change in 10 days: +$560

2018.10.31

The tenth anniversary of the release of the Bitcoin white paper.

Over the past decade, the decentralized operation of Bitcoin has given birth to the entire blockchain industry and created a miracle.

Image source: dollardestruction.com

2018.09.26

Bitmain, the world's largest mining machine company, has officially submitted its prospectus to the Hong Kong Stock Exchange. Prior to this, Canaan Creative and Ebang International, the second and third largest companies in the industry, had also submitted their prospectuses to the Hong Kong Stock Exchange.

Bitcoin price change in 10 days: +$60

2018.06.11

The U.S. Commodity Futures Trading Commission (CFTC) has issued subpoenas to four digital currency exchanges, Bitstamp, Kraken, ItBit and Coinbase, asking them to explain their alleged market price manipulation.

Bitcoin price change in 10 days: -$499

2018.06.10

South Korean digital currency exchange CoinRail suffered theft of $40 million worth of digital currency.

Bitcoin price change in 10 days: -$891

2018.05.24

The U.S. Department of Justice has begun an investigation into the illegal manipulation of the prices of Bitcoin and other digital currencies.

Bitcoin price change in 10 days: -$210

2018.05.11

South Korea's largest digital currency exchange UpBit was raided by law enforcement officers on suspicion of fraud.

Bitcoin price change in 10 days: -$918

2018.05.02

Goldman Sachs announced that it will use its own funds to trade contracts linked to the price of Bitcoin.

Bitcoin price change in 10 days: -$293

2018.04.13

Coinsecure, one of India's largest digital currency exchanges, had 190 bitcoins stolen and will use its own funds to compensate.

Bitcoin price change in 10 days: +$1568

2018.03.26

Twitter announced that it will ban digital currency ads.

Bitcoin price change in 10 days: -$1450

2018.03.14

Google announced that it will ban any cryptocurrency and ICO ads on its search engine from June.

Bitcoin price change in 10 days: -$639

Image source: KryptoMoney.com

2018.03.07

The U.S. Securities and Exchange Commission (SEC) reiterated that digital asset exchanges should be registered in accordance with exchange regulations, triggering concerns in the digital currency market about a new round of regulation.

Bitcoin price change in 10 days: -$2748

2018.01.30

Facebook announced that it will ban all digital asset advertisements such as digital currencies and ICOs on its website to prevent "scams."

Bitcoin price change in 10 days: -$3188

2018.01.26

CoinCheck, one of Japan's largest digital currency exchanges, announced the suspension of digital currency withdrawals after $123 million worth of Ripple coins and $500 million worth of NEM coins were stolen on the 26th.

Bitcoin price change in 10 days: -$2607

Image source: money.cnn.com

2018.01.13

On that day, the 16,800,000th bitcoin was mined, bringing the total number of bitcoins (21 million) to 80%.

Bitcoin price change in 10 days: -$2588

2018.01.08

CoinMarketCap, a website that counts digital currency trading volume, suddenly removed all South Korean digital currency exchange trading prices, causing global statistical currency prices to plummet. On the same day, South Korea's financial regulators conducted surprise inspections on digital currency accounts served by banks.

Bitcoin price change in 10 days: -$6146

2018.01.02

The Wall Street Journal reported that Peter Thiel, an early investor in Facebook and the godfather of Silicon Valley investment, bought millions of dollars worth of Bitcoin.

Bitcoin price change in 10 days: +$197

2017.12.28

Due to the wild volatility in South Korea’s cryptocurrency market, South Korean regulators have threatened to impose a series of restrictive measures, including shutting down all exchanges in the country.

Bitcoin price change in 10 days: +$1099

2017.12.18

On that day, the price of Bitcoin hit a new high, reaching a maximum of $20,089 (CoinMarketCap data).

Bitcoin price change in 10 days: -$4025

Image source: coinmarketcap.com

2017.12.11

Bitcoin futures went live on the Chicago Board Options Exchange (CBOE), surging 26% on the first day and triggering “circuit breakers” twice.

Bitcoin price change in 10 days: +$2416

2017.11.28

Bitcoin price has breached the major psychological resistance level of $10,000 for the first time.

Bitcoin price change in 10 days: +$5789

2017.11.08

The development team supporting Bitcoin’s SegWit2x upgrade announced that it would temporarily abandon the SegWit2x upgrade plan originally scheduled for November 16 due to insufficient support.

Bitcoin price change in 10 days: +$701

2017.10.31

The Chicago Mercantile Exchange (CME) announced that it would launch Bitcoin futures by the end of the year to meet the rising investor demand. After the news came out, the price of Bitcoin exceeded $6,600 and the total market value exceeded $110 billion.

Bitcoin price change in 10 days: +$1134

2017.10.25

On the same day, Bitcoin forked into Bitcoin Gold (BTG). The market lacked information about BTG, which triggered a sell-off and caused the price of BTG to plummet by 66%.

Bitcoin price change in 10 days: +$1579

2017.10.13

The price of Bitcoin surpassed the $5,000 mark for the first time in history.

Bitcoin price change in 10 days: +$815

2017.09.14

Chinese regulators have ordered all domestic digital currency exchanges to close within a certain period of time and stop registering new users.

Bitcoin price change in 10 days: +$108

2017.09.12

JP Morgan CEO Jamie Dimon publicly stated that Bitcoin is a "scam" and "worse than the tulip bubble", and said that he would fire all employees who trade Bitcoin.

Bitcoin price change in 10 days: -$359

2017.09.03

Chinese regulators have banned all forms of ICOs within their borders.

Bitcoin price change in 10 days: +$-445

2017.08.01

Bitcoin's expansion controversy over the years has led to a hard fork of Bitcoin. Supporters of the "Segwit" optimization plan continue to support Bitcoin, while supporters of the "big block" plan created Bitcoin Cash (BCH) and conducted a 1:1 airdrop to the original Bitcoin holding accounts.

Bitcoin price change in 10 days: +$596

Image source: KryptoMoney.com

2017.04.01

Japan recognizes Bitcoin as a legal payment method. The Japanese legislative system has passed a bill to bring Japanese digital currency exchanges under AML and KYC supervision and recognize Bitcoin as a legal prepayment tool.

Bitcoin price change in 10 days: +$130

2017.03.28

The U.S. Securities and Exchange Commission (SEC) rejected the application for a Bitcoin ETF for the second time that month. The purpose of a Bitcoin ETF is to allow tradable financial products anchored to the price of Bitcoin and open up channels for capital to enter.

Bitcoin price change in 10 days: +$146

2017.03.10

The U.S. Securities and Exchange Commission (SEC) rejected the Winklevoss brothers’ application for a Bitcoin ETF.

Bitcoin price change in 10 days: -$164

2017.03.03

The price of Bitcoin has once again surpassed the $1,000 mark after three years. The main reason for this price breakthrough was the large amount of media coverage that brought in new investors.

Bitcoin price change in 10 days: -$214

2016.11.09

Trump was unexpectedly elected as the 45th President of the United States. Global financial markets fell across the board. Bitcoin trading volume increased by 5% in 24 hours and its price increased by 5%, exceeding the increase in gold, showing its safe-haven properties.

Bitcoin price change in 10 days: +$23

2016.08.02

119,756 bitcoins were stolen from Bitfinex, the world's largest bitcoin exchange, with a loss of more than $72 million. On the same day, the price of bitcoin plummeted by 20%.

Bitcoin price change in 10 days: -$3

Image source: bitfinex.com

2016.07.09

The output of Bitcoin has been halved for the second time in history, and the output of each block will be reduced from 25 Bitcoins to 12.5. According to the design of the Bitcoin "mining" mechanism, the output will be halved every time 210,000 Bitcoins are produced. The next "devaluation" date is expected to occur in July 2020, and by 2140, all Bitcoins will be mined.

Bitcoin price change in 10 days: +$22

2016.05.02

Australian Craig Wright publicly published a blog post claiming that he is Satoshi Nakamoto, the creator of Bitcoin, and claimed to have the secret key to Satoshi Nakamoto's Bitcoin wallet.

Bitcoin price change in 10 days: +$17

2016.04.27

The famous gaming platform Steam has started accepting Bitcoin payments.

Bitcoin price change in 10 days: -$1

2016.04.04

OpenBazaar, the world's first decentralized e-commerce platform, released its first product. The company subsequently received $1 million in venture capital.

Bitcoin price change in 10 days: +$6

2016.02.21

Some key members of the Bitcoin community held a closed-door discussion in Hong Kong and issued a statement after the meeting that they would support the expansion and hard fork plan. After the meeting, some critics believed that the meeting could not represent the interests of the majority of the Bitcoin community.

Bitcoin price change in 10 days: -$6

2016.01.14

Mike Hearn, an important developer in the Bitcoin community, publicly declared that Bitcoin has failed and decided not to continue to participate in Bitcoin development. He cited the reasons for Bitcoin's failure as community self-censorship, excessive concentration of computing power, and the Bitcoin core team's failure to support expansion plans.

Bitcoin price change in 10 days: -$34

2015.12.26

The total number of transfers on the Bitcoin network has exceeded 100 million.

Bitcoin price change in 10 days: -$23

2015.12.08

Wired magazine published an article claiming that Australian Craig Wright may be Satoshi Nakamoto. The author cited evidence such as Craig's deleted blog and leaked emails, and believed that Wright could control a trust fund of 1.1 million bitcoins.

Bitcoin price change in 10 days: +$64

2015.11.03

The Bitcoin symbol ₿ is included in the standard code system Unicode. The serial code of the Bitcoin symbol is "U+20BF BITCOIN SIGN".

Bitcoin price change in 10 days: -$49

Image source: twitter.com

2015.10.31

Bitcoin is featured on the cover of The Economist magazine. The Economist published an article arguing that blockchain technology can provide governments and banking institutions with a "cheap, reliable public database."

Bitcoin price change in 10 days: +$43

Image source: economist.com

2015.10.22

The European Union Ministry of Justice announced that transactions of Bitcoin and other cryptocurrencies within the EU are not subject to "Value Added Tax" (VAT), and that digital currencies are "currencies" rather than "commodities."

Bitcoin price change in 10 days: +$45

2015.10.08

Digital currency exchange "Gemini" goes online and obtains qualifications to operate in 26 countries and regions. The exchange is controlled by the Winklevoss brothers, early holders of Bitcoin.

Bitcoin price change in 10 days: +$23

2015.09.18

The U.S. Commodity Futures Trading Commission (CFTC) said in a commentary on a lawsuit against a bitcoin exchange: “Bitcoin and other virtual currencies have been defined as communities.”

Bitcoin price change in 10 days: +$4

2015.08.15

Bitcoin core developers Mike Hearn and Gavin Andresen released an independent version of the Bitcoin client, Bitcoin XT. This client proposed a "scalable block" solution to the Bitcoin expansion controversy. The release of Bitcoin XT shows that it is difficult to reach a consensus within the Bitcoin community, increasing the possibility of a "hard fork" in the future.

Bitcoin price change in 10 days: -$53

2015.08.01

Mark Karpeles, CEO of the bankrupt bitcoin exchange Mt. Gox, has been arrested on suspicion of manipulating trading and misappropriating customer funds after losing 744,400 bitcoins deposited by customers.

Bitcoin price change in 10 days: -$16

2015.07.01

Two federal investigators, Carl Froce IV and Shaun Bridges, were convicted of misappropriating bitcoins in the Silk Road investigation.

Bitcoin price change in 10 days: +$31

2015.06.03

The New York State Department of Financial Services announced a series of regulatory regulations for companies that provide Bitcoin and digital currency services, which stipulate that companies that provide services to New York State residents must apply for a "BitLicense" license within 45 days. This series of regulations is the first government regulatory regulations specifically targeting digital currency businesses in history. In response, companies including Bitfinex, Kraken, Bitquick.co and ShapeShift announced that they would suspend services for New York State residents.

Bitcoin price change in 10 days: +$6

2015.05.19

Ross Ulbricht, the founder of Silk Road, was convicted of seven crimes including money laundering, hacking, and drug trafficking, and was sentenced to two life sentences plus 40 years in prison without parole. Judge Katherine Forrest explained in her verdict that this precedent was to "kill the chicken to scare the monkey" and to warn future generations that "breaking the law in this way will result in extremely serious consequences."

Bitcoin price change in 10 days: +$4

Image source: usatoday.com

2015.01.26

Bitcoin sales website Coinbase announced the launch of a Bitcoin matching trading platform. The platform has obtained multiple licenses and can legally trade with residents of 25 states in the United States.

Bitcoin price change in 10 days: -$59

2015.01.04

18,866 bitcoins worth $5.2 million were stolen from the Bitcoin exchange Bitstamp. Hackers used the administrator's account to connect to the server and cracked the hot wallet key. Bitstamp announced that it would stop operations for 8 days to fix the system vulnerability. Although no users suffered financial losses in this hacker theft, market confidence was greatly reduced and the price of Bitcoin fell accordingly.

Bitcoin price change in 10 days: -$77

2014.12.19

Charlie Shrem, former CEO of Bitcoin exchange BitInstant and known as "Bitcoin's first felon," was sentenced to two years in prison for participating in money laundering on the Silk Road.

Bitcoin price change in 10 days: +$4

2014.12.11

Microsoft announced that it will accept Bitcoin payments in its Windows and Xbox digital stores and has reached a partnership with Bitcoin payment company Bitpay.

Bitcoin price change in 10 days: -$28

2014.10.06

On that day, the largest selling order in history appeared on the Bitstamp exchange, with a trader selling 30,000 bitcoins at $300 per coin. This order was called a "bear whale" and was bought by traders within 24 hours.

Bitcoin price change in 10 days: +$64

2014.09.08

Paypal subsidiary Braintree announced a partnership with Coinbase to provide Bitcoin payment services to users. The market predicts that Paypal will accelerate its pace of embracing Bitcoin.

Bitcoin price change in 10 days: -$44

2014.07.30

Wikipedia announced that it has started accepting Bitcoin donations. In a statement, Wikipedia said that accepting Bitcoin is "in response to requests from multiple communities."

Bitcoin price change in 10 days: +$5

2014.07.18

Dell announced that its dell.com will accept Bitcoin payments, and its partner is Coinbase. Dell has become the largest company in terms of market value to accept Bitcoin.

Bitcoin price change in 10 days: -$42

2014.06.27

The US Marshals publicly auctioned 29,656 bitcoins seized in the Silk Road case. The minimum unit of the auction was 3,000, and bidders were required to deposit a $200,000 deposit in advance. Well-known venture capitalist Tim Draper won all the auctions.

Bitcoin price change in 10 days: +$32

2014.06.13

The mining pool GHash.io accounts for 51% of the hashrate. GHash.io issued a statement saying that it "will never participate in a 51% attack" and promised to reduce its hashrate to below 39.99% by guiding miners to other mining pools.

Bitcoin price change in 10 days: -$6

2014.04.10

The People's Bank of China requires some Chinese banking institutions to close the bank accounts of some Bitcoin exchanges before April 15. Under the tightening policy environment, some exchanges continue to operate through overseas banks and cryptographic voucher systems, but overall, the volume of digital currency transactions in China has dropped significantly.

Bitcoin price change in 10 days: +$93

2014.03.26

The U.S. Internal Revenue Service has stated in a policy document that Bitcoin is an asset, not a currency, and should be taxed according to capital gains tax rules. This policy is generally considered too cumbersome and opposed by most stakeholders.

Bitcoin price change in 10 days: -$128

2014.03.06

Newsweek published an article claiming that Dorian Nakamoto, an unemployed engineer living in California, is Satoshi Nakamoto, which attracted widespread attention. After the news came out, the Bitcoin community raised $23,000 for him. Dorian Nakamoto strongly denied any relationship with Bitcoin.

Bitcoin price change in 10 days: -$31

Image source: theverge.com

2014.02.24

Amid accusations from the Bitcoin community, the Bitcoin exchange Mt. Gox announced its closure. Mt. Gox announced that more than 850,000 of its users' and its own Bitcoins had been stolen over the past few years, with a loss of $450 million.

Bitcoin price change in 10 days: +$115

Image source: theverge.com

2014.02.07

Major exchanges including Mt. Gox, Bitstamp and BTC-e were hit by DDoS attacks, which caused a sharp drop in the price of Bitcoin.

Bitcoin price change in 10 days: -$89

2013.12.05

The Chinese government declared Bitcoin non-currency and banned all financial institutions from engaging in Bitcoin business. The global Bitcoin price plummeted.

Bitcoin price change in 10 days: -$181

2013.11.29

A large amount of funds from China pushed the price of Bitcoin to an all-time high of $1,242. The main reason for this wave of Bitcoin enthusiasm was that Jet Li's One Foundation raised funds for the Lushan earthquake through Bitcoin and raised 230 Bitcoins in two days, which was reported by national media.

Bitcoin price change in 10 days: -$211

2013.11.20

Yi Gang, deputy governor of the People's Bank of China, publicly stated at an event that "Bitcoin is inspiring" and "will remain a long-term focus", and believed that "investors have the freedom to freely participate in Bitcoin transactions." Bitcoin's popularity in China has further increased, with daily trading volume reaching twice that of Bitcoin exchange Mt.Gox.

Bitcoin price change in 10 days: +$434

twenty four

2013.10.29

Robocoin and Bitcoiniacs launch world's first Bitcoin ATM in Vancouver.

Bitcoin price change in 10 days: +$60

twenty three

2013.10.01

The FBI arrested Ross Ulbricht, the founder of the Silk Road website and the operator of the account name "DreadPirate Roberts", at the San Francisco Public Library. Ross was charged with drug trafficking, money laundering, hacking and other crimes. Nearly 30,000 bitcoins held by Silk Road were seized, and 144,000 bitcoins held by Ross personally were confiscated.

Bitcoin price change in 10 days: +$2

twenty two

2013.04.10

Stimulated by the news of Cyprus' rescue, the world's largest Bitcoin exchange Mt. Gox welcomed a large number of traders, causing its servers to crash. The crash caused market panic and Bitcoin prices plummeted.

Bitcoin price change in 10 days: -$59

twenty one

2013.03.25

The Cypriot government, the European Central Bank and the World Monetary Fund announced that they would invest 10 billion euros to rescue Cyprus and impose taxes on all accounts in Cyprus with deposits exceeding 100,000 euros. As a world-renowned "tax haven", Cyprus Bank gathers a large number of overseas accounts of wealthy people around the world. In order to avoid taxes, Cypriot account holders bought a large number of Bitcoins, pushing the price of Bitcoin from $80 to $260.

Bitcoin price change in 10 days: +$57

2013.03.11

The sudden hard fork of Bitcoin 0.8 caused panic, Bitcoin prices fluctuated sharply, and Mt. Gox suspended Bitcoin deposits and withdrawals. Bitcoin developers, miners, and community members quickly cooperated, and the two major mining pools BTCGuild and slush's pool took the initiative to roll back. Later, the launch of version 0.8.1 quickly resolved the crisis.

Bitcoin price change in 10 days: +$21

2012.11.28

Bitcoin output has experienced its first "halving", with the number of bitcoins generated per block reduced from 50 to 25.

Bitcoin price change in 10 days: +$1

2012.11.15

The famous website WordPress announced that it will accept Bitcoin payments.

Bitcoin price change in 10 days: +$1

2012.08.17

The famous Bitcoin forum account "Pirateat40" suddenly terminated its 8-month "Bitcoin financial management service" with a weekly interest rate of 7%. After the service was suspended, "Pirateat40" is estimated to have taken away 86,000 to 500,000 Bitcoins. Subsequently, the US Securities and Exchange Commission launched an investigation into its Ponzi scheme.

Bitcoin price change in 10 days: -$2

2012.03.01

Hackers broke into the server of cloud service provider Linode and stole 8 Bitcoin wallets. Among them, Bitcoinica, a Bitcoin exchange, lost 43,000 Bitcoins.

Bitcoin price change in 10 days: +$0

2011.12.19

The famous American TV series "The Good Wife" announced that it would air a new episode on the theme of Bitcoin on January 15, 2012, which triggered speculators to push up the price of the currency. When the episode was aired, a total of 9.45 million viewers watched it.

Bitcoin price change in 10 days: +$1

Image source: wired.com

2011.06.19

Hackers gained administrator privileges at the Bitcoin exchange Mt.Gox by stealing the database, and created fake sell orders, driving the price of Bitcoin down to $0.01. Mt.Gox and other major exchanges announced a seven-day suspension of trading. Subsequently, the database was leaked again, and hackers used the database information to break into the MyBitcoin online wallet and stole 4,019 Bitcoins from more than 600 wallet addresses.

Bitcoin price change in 10 days: -$1

2011.06.01

The famous blog site Gawker published an article claiming that "you can buy any drug" on the "Silk Road". The article caused a "Bitcoin craze", and the Mt. Gox link at the end of the article triggered a large number of registrations, pushing the price of Bitcoin to a new high of $31.

Bitcoin price change in 10 days: +$8

2011.03.27

Bitcoin exchange Britcoin went online, opening up trading of pound sterling against Bitcoin. In the following days, exchanges such as Bitcoin Brazil and BitMarket.eu opened up legal currency trading in Brazil and Europe respectively, significantly lowering the threshold for Bitcoin trading.

Bitcoin price change in 10 days: -$0.1

2011.02.09

The price of Bitcoin reached the $1 mark for the first time on the Mt. Gox exchange. This landmark event created a wave of Bitcoin fever, and the official Bitcoin website was temporarily paralyzed due to excessive traffic.

Bitcoin price change in 10 days: -$0.05

2010.12.13

Satoshi Nakamoto logged into the Bitcoin forum for the last time and has never appeared since then.

Bitcoin price change in 10 days: +$0

Image source: bitcointalk.org

2010.08.15

A hacker exploited a vulnerability in the Bitcoin protocol to generate 184.4 billion Bitcoins. The Bitcoin community responded quickly and released a corrected version within hours. The next day, Bitcoin resolved the crisis through a hard fork.

Bitcoin price change in 10 days: +$0

2010.07.18

Jed McCaleb, the founder of the famous P2P transmission network "eMule", announced the launch of the Bitcoin exchange Mt. Gox. Later, due to operational problems, Jed sold Mt. Gox to Mark Karpeles in March 2011, who gradually built Mt. Gox into the number one Bitcoin exchange in the following three years.

Bitcoin price change in 10 days: -$0.01

2010.07.11

The launch of Bitcoin 3.0 was reported by the technology news website slashdot.org, which greatly increased the popularity of Bitcoin among geeks.