Sharp Magazine Middle East (English) - - Guide | Money -

Jan 3, 2009

The Bit­coin ledger be­gins. And we're off!

May 22, 2010

The first recorded in­stance of Bit­coin be­ing used to buy a real-life com­mod­ity: two Papa John's piz­zas.

June 19, 2011

Tokyo-based Bit­coin ex­change Mt. Gox is hacked. The fren­zied sale of Bit­coin in the days that fol­low drives the cur­rency's value down to less than a cent.

Feb 2011

The launch of Silk Road — a dodgy on­line mar­ket­place for sell­ing drugs and weapons us­ing Bit­coin — pro­pels the cur­rency to reach par­ity with the USD.

Oct 2013

The first Bit­coin ATM opens in a Van­cou­ver cof­fee shop. By 2016, there will be more than 700 such ATMS world­wide.

Jul 2014

Tech re­tail­ers Newegg and Dell be­gin ac­cept­ing Bit­coin. Mi­crosoft fol­lows their lead later that year by ac­cept­ing it as pay­ment for Xbox games.

Dec 2016

Bit­coin be­comes the best-per­form­ing cur­rency for the sec­ond year in a row.

Sep 2017

Reg­u­la­tors in China, one of the world's most ac­tive Bit­coin mar­kets, ban ini­tial coin of­fer­ings and shut down all lo­cal cryp­tocur­rency ex­changes.

Sep 2017

Jpmor­gan Chase CEO Jamie Di­mon calls Bit­coin a “fraud”. (He has since gone on to say that he re­grets this state­ment.)

Dec 16, 2017

Bit­coin hits a record close that ap­proaches $20,000. It soon goes on to crash. Then rise again.

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