History of Bitcoin


19 December 2011

1 BTC = US$3.40

Bitcoin for Dummies, an episode on the series The Good Wife is aired on TV – the story about a government manhunt for the creator of Bitcoin for creating a digital currency supposedly in competition with the US Dollar. The episode gave Bitcoin its wider exposure to millions of viewers around the world.

11 February 2012

1 BTC = US$5.71

Bitcoin Exchange Services Paxum and Tradehill stop dealing with bitcoin due to concerns surrounding Bitcoin’s legality and regulatory issues.

15 November 2012

1 BTC = US$11.00

WordPress accepts bitcoin. WordPress states: “PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions… we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.”

28 November 2012

halving to 25 BTC / block

First halving from 50 to 25 btc/block on Block 210,000.

14 May 2013

1 BTC = US$266

Department of Homeland Security seizes almost US$3 million from an account owned by a MT. GOX subsidiary.

09 July 2016

halving to 12.5 BTC / block

Second halving from 25 to 12.5 btc/block on Block 420,000.


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