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2009

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Bitcoin launches

The cryptocurrency's creator, Satoshi Nakamoto, released Bitcoin's software in January 2009. After the publication, Bitcoin miners started the network by generating Bitcoin and confirming transactions for the first time.
To this day, no one knows if an individual or group is behind the alias. In a 2008 white paper, Nakamoto called Bitcoin "a peer-to-peer version of electronic cash" and set out its basic features such as transactions and...

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Bitcoin taken up by darknet markets

The darknet market Silk Road, an online black market best known as a platform for selling illegal drugs, launched in 2011 with Bitcoin as a payment option. While the FBI shut Silk Road down in 2013, seizing its Bitcoin, other darknet markets took up the mantle using Bitcoin as a currency.
While Bitcoin's use on Silk Road was what made headlines, the same year, legitimate Bitcoin payments were also established. BitPay, a service provider offering payment...

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2011

Bitcoin

Youngest Bitcoin millionaire makes his fortune

How most kids felt about video games or sports, my pastime was Bitcoin.

Erik Finman'Bitcoin millionaire at 18'
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Erik Finman
Erik Finman is the youngest known Bitcoin millionaire. - Twitter/@erikfinman

2013

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First Bitcoin ATMs

The Slovakian capital, Bratislava, was one of the earliest cities to see a Bitcoin ATM fitted after the first was installed in Vancouver, Canada, in October 2013. There are now more than 3.5 million across the world.

Bitcoin price hikes... and then crashes

For many, 2017 was the year Bitcoin appeared on their radar. The tokens had reached an all-time high of $19,700 (€16,236) at the end of the year amid a media frenzy. Its soaring price also meant heightened institutional interest, with governments and investors taking notice and digital currencies to compete with Bitcoin being developed. Bitcoin's narrative was bolstered amid reports of money printing by central banks — one of the cryptocurrency's key features is that it is limited to exactly 21 million coins and not...

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2017
2018

Bitcoin family' sells all possessions and invests them in coin

We already surpassed the whole traditional financial banking system for more than three and a half years. And that's the game for us — how can we show the world we already live in the future?

Didi TaihuttuFather of the 'Bitcoin Family'
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Bitcoin Family
The Bitcoin Family' in Ko Phangan, Thailand. - Instagram/thebitcoinfamily

2020

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A flash crash, all-time-high, and PayPal adoption

Last year was an eventful year in the Bitcoin universe. The online currency experienced a "flash crash" in March amid a global economic slowdown caused by the coronavirus pandemic but started a vertical climb that accelerated in early October. At the start of 2020, Bitcoin was still considered a fringe investment, but by the end of the year, it had nearly quadrupled in value and reached an all-time high above $28,000 (€23,072), seeing it a firm fixture in the conversations of investors big and small...

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Tesla buys Bitcoin but environmentalists call out power hunger

Fast forward to February 2021 and Bitcoin nearly reached the record high of $50,000 (€41,529) thanks in no small part to Tesla announcing it had bought $1.5 billion worth of the virtual money. Later the same month, it did hit record levels. But is a digital gold rush in a decentralised currency managed by its users too good to be true? Well, environmentalists are calling attention to the less-publicised side of Bitcoin — its energy consumption. The computational power demanded by the cryptocurrency...

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2021