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A look at how old Crypto is and how it has changed over the years.
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Bitcoin’s birthday
Bitcoin, the first and most well-known cryptocurrency, was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto.
The first recorded purchase using Bitcoin
Cryptocurrency is a digital or virtual asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of new units of the asset. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
The first recorded purchase using Bitcoin was on May 22, 2010, when Laszlo Hanyecz bought two pizzas for 10,000 BTC.
The first Bitcoin exchange
The first Bitcoin exchange was established in 2010, and since then the cryptocurrency market has exploded. Today, there are hundreds of exchanges to choose from, and new ones are popping up all the time. With so many options, it can be hard to know where to start.
Here’s a brief history of the most important exchanges:
-2010: The first Bitcoin exchange, Bitcoin Market, is established.
-2011: Mt. Gox, one of the most popular exchanges at the time, is launched.
-2013: The first altcoin exchange, Crypto-Trade, is launched.
-2014: Poloniex becomes one of the largest altcoin exchanges.
-2015: ShapeShift is launched, allowing for instant trading between different cryptocurrencies.
-2016: The DAO hack causes $60 million worth of Ethereum to be stolen from an exchange called EtherDelta.
-2017: Binance is launched and quickly becomes one of the largest crypto exchanges in the world.
The first major Bitcoin theft
The first major Bitcoin theft occurred in June 2011 when 25,000 BTC were stolen from Mt. Gox’s hot wallet. The hack was made possible by a vulnerability in the way Mt. Gox handled Bitcoin withdrawals. The incident caused the price of Bitcoin to drop from $32 to $10 and led to the bankruptcy of the exchange.
Bitcoin’s price history
Bitcoin’s price history from 2012 to the beginning of 2019 shows a fitful rise from zero to a peak price of just over $19,000 per bitcoin. Since then, bitcoin has undergone a gradual slide back down to around $3,700 as of January 2019.
The first Bitcoin halving
The first Bitcoin halving was on November 28, 2012. The reward went from 50 BTC to 25 BTC.
Bitcoin’s price today
Bitcoin’s price is $9,600.
