Bitcoin History (Part 2)

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January 2, 2011

Silk Road opens for business

Silk Road, a Bitcoin marketplace, launches an illicit marketplace for drug deals, called the eBay for drugs.


January 27, 2011

Largest trade on #bitcoin-otc occurs

The largest Bitcoin trade to date occurs on #bitcoin-otc: Three Zimdollars (Zimbabwe notes that are worth one-hundred trillion dollars each) are traded for 12 BTC.January 28, 2011

25% of total Bitcoins generated

With the generation of Block 105000, 5.25 million Bitcoins have been generated, totalling more than 25 percent of the projected total of almost 21 million.

February 9, 2011

Bitcoin reaches parity with US dollar

Bitcoin touches US$1.00/BTC at MtGox, reaches parity with the US dollar for the first time.

February 25, 2011 is created is registered and built into a Bitcoin resource and creates one of the most watched videos on Bitcoin.

June 2, 2011

Bitcoin reaches $10 on MtGox

At MtGox, the exchange rate touches US$10 per BTC.

June 8, 2011

Bitcoin reaches all-time high

The price of a Bitcoin on MtGox reaches an all-time high of US$31.91 with a market capitalization of around US$206 million.

June 13, 2011

Largest ever Bitcoin theft reported

Bitcoin Forum member, allinvain, claims that 25,000 BTC were stolen from his wallet. At the time, the exchange rate put the amount close to US$375,000.

June 19, 2011

Major breach at MtGox

MtGox suffers a significant breach of security that results in fraudulent trading and requires the site to be shut down for seven days. The breach compromises the MtGox database with a leak of the user table that contains user names, email addresses, and password hashes of 60,000 accounts.

An admin account was accessed from which sell orders were issued for hundreds of thousands of Bitcoins, which forced the MtGox price down to US$17.51 to US$0.01 per Bitcoin.

July 26, 2011

Bitomat loses 17,000 Bitcoins

Poland-based Bitomat, the world’s third largest Bitcoin exchange, loses access to its wallet.dat file and the 17,000 Bitcoins they are holding for clients.

August 5, 2011

MyBitcoin loses 150,000 Bitcoins

A week after being hacked, a MyBitcoin spokesperson explains how the Bitcoin transaction processor lost over 150,000 Bitcoins, worth over US$2 million at the time.

December 12, 2011

Largest BTC fee in a single transaction

Becoming the largest amount of fees in a single transaction and the most fees in a single block, 171 BTC in fees are transacted in block 157235.

March 2012

Linode hacked, 46,000 BTC stolen

A security breach at Linode, a website hosting company, results in the largest theft of Bitcoins recorded to date. More than 46,000 BTC are stolen, valued at over US$228,000.

June 2012

Coinbase is founded

Coinbase, a bitcoin wallet and platform, is founded in San Francisco, California.

September 2012

KnCMiner is conceived

KnCMiner, a Swedish joint venture to develop Bitcoin mining hardware, is conceived.

September 3, 2012

Bitfloor hacked for 24,000 BTC

The fourth largest US Bitcoin exchange, Bitfloor, is hacked and loses 24,000 BTC (valued at approximately US$250,000 when the theft took place), which was the majority of the on-hand Bitcoins. Compromised servers result in access to encrypted backup files of wallet keys. All exchange operations are paused.

February 22, 2013

Bitcoin goes to $30USD

The trade value of a Bitcoin reaches US$30 for the first time since 2011.

February 28, 2013

First all-time high in 601 days

With the first all-time high in 601 days, the MtGox exchange rate breaks the June 8, 2011 peak of US$31.91.

March 8, 2013

BitInstant hacked, loses $12,000

Bitcoin brokerage firm, BitInstant, acknowledges that a hack of its system resulted in the theft of nearly US$12,000 in Bitcoins.

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