More than 100,000 Merchants Accept Bitcoin

Bitcoin accepted here

The number of retailers accepting the cryptocurrency Bitcoin passes 100,000 as major companies now accepting Bitcoin payments include Dell, Microsoft, Twitch, Wikipedia, Expedia, Greenpeace and PayPal.

1000% Bitcoin Price Increase

The price of Bitcoin experienced a 1,000% increase from 0.008 to 0.08 US dollars, on the 12th July 2010, helping the new currency to attract more attention.

First CFTC Approved Bitcoin Financial Product

TeraExchange launches an Over-the-counter (OTC) swap based on the price of Bitcoin. This swap is the first time a U.S. regulatory agency, the U.S. Commodity Futures Trading Commission (CFTC), approves a Bitcoin financial product.

WordPress Starts Accepting Bitcoin Payments

WordPress.com announces Pay Another Way: Bitcoin …   At WordPress.com, our mission is making publishing democratic — accessible and easy for anyone, anywhere. And while anyone can start a free blog here, not everyone can access upgrades (like going ad-free or enabling custom design) because of limits on traditional payment..Read more

Genesis block of Bitcoin Mined

Bitcoin network comes into existence with Satoshi Nakamoto mining the genesis block (block number 0) of Bitcoin. Embedded in the coinbase of this block, which can contain any arbitrary data, was the text: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.   The text refers to a..Read more

“Bitcoin: A Peer-to-Peer Electronic Cash System” Paper Posted

Bitcoin: Peer-to-peer electronic cash system

A paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. The paper details methods of using a Peer-to-peer network to generate what was described as “a system for electronic transactions without relying on trust”.

Value overflow incident

In Aug 2010, a bug in Bitcoin’s source code was exploited by someone who to this day remains anonymous. The anomaly was in block # 74638 and quickly spotted on the Bitcoin Talk forum by Jeff Garzik.   The bug that caused this “value overflow incident” resulted in 184 billion..Read more