Crypto-Community Celebrates Bitcoin’s 10th Birthday

Crypto-Community Celebrates Bitcoin’s 10th Birthday

This year’s January 3 marks a decade since the first bitcoin block was generated by Satoshi Nakamoto. Back then, in 2009, this person (or group of people) set up the main net for the first cyber-coin ever and mined 50 units of BTC. Today, on bitcoin’s B-Day, we recall its genesis milestones.

Happy Birthday, Bitcoin!

Even though the first 50 bitcoins were mined on January 3, 2009, it all didn’t start from scratch. Around two months before that, on October 31, 2008, Satoshi promulgated bitcoin’s white paper, which you can still find here by following the link.

Our top trading bots

Until today, the real identity of Satoshi remains an enigma. But the fact that the hash of the genesis block encompasses the title of The Times’s article “Chancellor on The Second Bailout for Banks” may indicate that Satoshi’s intention was to battle the conventional banking system. As it is known, the latter collapsed in 2008 in the global financial crisis.

On this significant day for the whole crypto-community, the BitMEX exchange thanked the creator of Bitcoin in a creative manner. It purchased the advertising space on the front page of the very same The Times, where it printed:

«Thank you, Satoshi. We owe you one. Happy 10th birthday, Bitcoin.»

The first bitcoin transaction took place on January 12, 2009, as Satoshi sent 10 units to Hal Finney. Three days before this, Bitcoin 0.1 was released.

The Future is Now

In 2018, bitcoin became the first cyber-asset which landed the pages of the final G20 declaration. And although last year bitcoin experienced turmoils and lost 80% of its price, it managed to recover from the «dead», as media claimed, 90 times. Meantime, around 1,000 alt coins died and never came back to life last year.

If you want to learn more about what bitcoin achieved last year, check out this collection of memes.

As of writing, bitcoin is traded at $3,888 and is showing a 0.33% growth. Not a terrible start as for 2019, right? Happy Birthday, Bitcoin!

Image Source: Flickr

Marvel NFT partner Veve closes its marketplace after an in-app token exploit
Veve, a nonfungible token (NFT) marketplace with licensed digital collectibles, faced an exploit on Tuesday, resulting in millions of gems (in-app tokens)...
U.S. crypto exchange CoinZoom pausing new accounts within Russia -CEO
By Hannah Lang(Reuters) - Utah-based cryptocurrency exchange CoinZoom is pausing applications for new accounts within Russia following the country’s escalating...
Bitcoin consolidates after $40K surge as analyst eyes weekly higher low for BTC price
Bitcoin (BTC) began a nervous weekend at around $39,000 on Feb. 26 after an overnight spike briefly saw $40,000 return.BTC/USD 1-hour candle chart (Bitstamp)....
US lawmaker introduces bill for government-backed insurance of 'qualified' stablecoins
House Financial Services Committee member and New Jersey Representative Josh Gottheimer has introduced legislation that would have the Federal Deposit Insurance...
NFTs and DeFi overturn a banker‘s generational curse of poverty in 2 years
Brenda Gentry, a former USAA mortgage underwriter from Texas, believes that the cryptocurrency ecosystem offers a fighting chance to overcome the generational...
Central bank of Bahrain trials JPMorgan blockchain and token
Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s...
Cointelegraph Consulting: Crypto events of 2021 in retrospect
The year 2021 is coming to a close, and if there’s one way to describe how the cryptocurrency industry fared in the past 12 months, it would be momentous...
Ohio to host BIT Mining's new 85 MW Bitcoin mining facility
Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85-megawatt crypto mining center in Ohio.As the company that owns the...
US postal inspectors need ‘comprehensive crypto training,’ audit finds
The United States Postal Inspection Service (USPIS), the law enforcement arm of the U.S. Postal Service, has conducted an internal audit of the way in which...
Invesco files with SEC for Bitcoin ETF without direct BTC exposure
Atlanta-based investment company Invesco is planning to launch a new Bitcoin (BTC) exchange-traded fund, or ETF, that will not invest in BTC directly.On...
Study suggests Canadian CBDC could promote digital innovation within the country
A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from its own Central...
Popular Bitcoin ETP set to debut in UK
Cryptocurrency investment manager ETC Group is expanding its Bitcoin (BTC) exchange-traded product (ETP) offering in the United Kingdom after harnessing...
Ubisoft selects blockchain startup for its Entrepreneurs Lab
Aleph.im, a blockchain-based storage and computing startup, has been selected to participate in the sixth season of Ubisoft’s Entrepreneurs Lab, offering...
Crypto at risk after Facebook leak: Here’s how hackers can exploit data
Facebook is no stranger to data hacks and leaks, with the company having been on the receiving end of many high-profile security breaches in recent years....
BTC Will Cost ‘$1 Million’ – Bitcoin Advocate Casares Tells PayPal CEO
In an interview with Dan Schulman, PayPal CEO, bitcoin’s early advocate Wences Casares said that this cryptocurrency’s price one day would surpass the...