Mt. Gox Bitcoin Exchange Established

Mt. Gox (an abbreviation for Magic: The Gathering Online Exchange) is established by Jeb McCaleb, as one of the first Bitcoin exchanges online.   The Cryptocurrency exchange holds significant history for multiply reasons, including during 2013 it had become the largest exchange in the world, handling approximately 70 percent of..Read more

10,000 BTC Spent on Pizza (Bitcoin Pizza Day)

Bitcoin pizza day

The first, real-world transaction using Bitcoins takes place when a Jacksonville, Florida programmer, Laszlo Hanyecz, paid 10,000 bitcoins for two pizzas.   The deal came about when Hanyecz posted on the BitcoinTalk Forum that he would give 10,000 bitcoins to anyone who brought him pizza. Someone in the UK took..Read more

An Exchange Rate is Established

New Liberty Standard publishes a Bitcoin exchange rate that establishes the of value a Bitcoin at US$1 = 1,309.03 BTC, using an equation that includes the cost of electricity to run a computer that generated Bitcoins.

The First Bitcoin Transaction

The first transaction of Bitcoin currency, in block 170, takes place between Satoshi and Hal Finney, a developer and cryptographic computer scientist. Sadly, Hal passed away on the 28th August 2014 due to complications of ALS.

Bitcoin.org is Registered

Bitcoin.org

Bitcoin.org is registered. The domain was registered at Anonymous Speech, a site that still exists today and allows users to anonymously register domain names and now accepts Bitcoin.

Updating and Distributing Encryption Keys Patent Application

Neal King, Vladimir Oksman and Charles Bry file US patent No. 20100042841 titled “Updating And Distributing Encryption Keys“.   While the patent now has a status of “Abandoned”, and all three deny association with Bitcoin, there many similarities to the functioning of Bitcoin. Another coincidence appears that 3 days after..Read more

Satoshi Nakamoto – Pseudonym (Alias) for the Developer of Bitcoin

Although there is no formal confirmation, it is believed that Satoshi Nakamoto began working on the Bitcoin concept in 2007. However, Satoshi Nakamoto is a Pseudonym (Alias) for the developer/s.  To date, the true identity of this person or group of developers has never been revealed or confirmed.