October 31, 2018 / 11:09 AM / 22 days ago

RPT-FACTBOX- Ten years of bitcoin

 (Repeats with no changes to text)
    LONDON/NEW YORK, Oct 31 (Reuters) - Bitcoin, the world's
first and most famous cryptocurrency, celebrates its tenth
birthday on Wednesday. 
    Its emergence has spawned a multitude of other digital
currencies, brought blockchain technology to global attention,
and vexed regulators worried about its crime misuse and weakness
to hacking.             
    The following are some major milestones in bitcoin's first
decade:
    
    Oct. 31, 2008
    The still-unidentified Satoshi Nakamoto releases a nine-page
academic paper that sets out how bitcoin would work. "Bitcoin: A
Peer-to-Peer Electronic Cash System" also gives the first
description of the blockchain decentralized ledger, the
technology that underpins the digital currency.
    
    Jan. 3, 2009
    Nakamoto mines the first "block" of bitcoins on the
blockchain. Days later, Nakamoto sends bitcoins in its first
ever transaction.
    
    Jan. 12, 2009 
    The first bitcoin transaction takes place between Nakamoto
and developer Hal Finney. The transaction is recorded in block
170.
   
    Oct. 12, 2009
    Martti Malmi, a software developer from Finland, sends 5,050
bitcoins for $5.02 to NewLibertyStandard, one of the regulars in
a bitcoin forum. The transaction is realized using PayPal. The
bitcoins are used to seed a new bitcoin exchange site called New
Liberty Standard.
    
    October 2009 
    The New Liberty Standard establishes the value of bitcoin at
1,309.03 bitcoins to 1 dollar. 
    
    February 2010
    The world's first bitcoin market is established by dwdollar.
    
    May 22, 2010
    Software developer Laszlo Hanecz buys two pizzas for 10,000
bitcoins, widely seen as the first time the digital currency is
used for its intended purpose - the purchase of goods.
    
    July 7, 2010
    Bitcoin's new software is released by the community of
developers and over the next five days, there is a ten-fold
increase in its exchange value - from US$0.008 per bitcoin to
US$0.08 per bitcoin.
    
    July 17, 2010
    Mt. Gox is launched, which eventually becomes the world's
largest bitcoin exchange, prior to going bankrupt in 2014.
    
    Nov. 28, 2013
    As media attention intensifies, Bitcoin tops $1,000 for the
first time. It falls below that level only days later, and does
not reach the landmark again for over three years.
   
    Feb. 28, 2014
    Tokyo-based Mt. Gox files for bankruptcy protection after
hackers steal some 850,00 bitcoins - worth around half a billion
U.S. dollars - and $28 million in cash. The theft, the biggest
of digital coins ever, underscores security flaws at exchanges
and the risks faced by investors in the unregulated sector.
    
    Aug. 1, 2017
    Bitcoin's underlying software code splits to create Bitcoin
Cash, a clone of bitcoin. The move is spearheaded by bitcoin
miners in China unhappy with scheduled improvements to the
currency's technology meant to increase its capacity to process
transactions.
    
    Dec. 10, 2017
    Chicago exchange operators Cboe Global Markets Inc         
and CME Group Inc         launch bitcoin futures trading,
allowing professional mainstream investors to bet on the price
of the digital currency. 
    
    Dec. 18, 2017
    Bitcoin hits its record high of $19,666 on cryptocurrency
exchange Bitstamp, the high water mark of a frenzied year that
sees bitcoin climb by more than 1,300 percent as retail
investors scramble to buy. 
    
    June 29, 2018
    Bitcoin slides to its lowest level since its December peak,
hurt by tighter regulatory oversight across the world and waning
interest from retail investors.
        
    Oct. 19, 2018
    The global money-laundering watchdog says it will set out by
next year rules for how governments should regulate
cryptocurrency exchanges in a bid to stamp out the criminal use
of bitcoin and other digital coins.             

 (Reporting by Tom Wilson in London and Gertrude Chavez-Dreyfuss
in New York, Editing by Rosalba O'Brien)
  
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