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& VIRTUAL CURRENCIES
• 100
Virtual Currencies with Total Market Cap of
$9.4 Billion
• 11
Virtual Currencies with value over $10 billion
• 5
Vir...
2009
 Bitcoin launched
2010-2011
 First real Bitcoin transaction
 10,000 BTC for pizza
(today worth $8 million)
 First...
2012
 Bitcoin Foundation founded
 First Bitcoin bank opens
2013
 BitPay, a startup that helps merchants
accept Bitcoins...
MT GOX – Bitcoin Exchange
 Launched 2010. By 2013 – handled
70% of all Bitcoin transactions
 May 2013 – Department of
Ho...
• a "turning point" for
the virtual currency -
Mt. Gox CEO Mark
Karpeles
• an "MF Global“
moment - Marc
Andressen
• the be...
DOGECOIN SOARS FROM
MT GOX FALLOUT AND
PRESS FROM RAISING
MONEY TO FUND
JAMAICAN BOBSLED TEAM
First 100 Days =
Bitcoins Fi...
Bitcoin Backgrounder
Bitcoin Backgrounder
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Bitcoin Backgrounder

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Bitcoin Backgrounder. Overview of Bitcoin history.

Published in: Technology
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Transcript of "Bitcoin Backgrounder"

  1. 1. & VIRTUAL CURRENCIES
  2. 2. • 100 Virtual Currencies with Total Market Cap of $9.4 Billion • 11 Virtual Currencies with value over $10 billion • 5 Virtual Currencies with Market Cap in excess of $50M. • 4 Virtual Currencies with volume over $1 million • 2 Virtual Currencies with Market Cap of $1B+ • 1 Amazon currency –
  3. 3. 2009  Bitcoin launched 2010-2011  First real Bitcoin transaction  10,000 BTC for pizza (today worth $8 million)  First Bitcoin currency exchange established  Time Magazine article sparks interest  WikiLeaks begins accepting donations in Bitcoins Silk Road begins accepting Bitcoin
  4. 4. 2012  Bitcoin Foundation founded  First Bitcoin bank opens 2013  BitPay, a startup that helps merchants accept Bitcoins becomes one of first Bitcoin startups to raise significant investment capital  Market cap reaches $1 Billion  Forbes columnist Kashmir Hill spends week living on Bitcoin  Silk Road Shut Down  California dealer sells Tesla for 91.4 Bitcoins  Canadian lists house on market for Bitcoins  First Bitcoin ATMs
  5. 5. MT GOX – Bitcoin Exchange  Launched 2010. By 2013 – handled 70% of all Bitcoin transactions  May 2013 – Department of Homeland Security seizes funds from Mt. Gox’s US account for operating as an unregistered money transmitter. Obtained license the following month.  Jan 2014 – Announced almost 750,000 of its customers' bitcoins, and around 100,000 of its own bitcoins, totaling around 7% of all bitcoins, and worth around $473 were missing.  March 2014 - Mt. Gox filed for bankruptcy
  6. 6. • a "turning point" for the virtual currency - Mt. Gox CEO Mark Karpeles • an "MF Global“ moment - Marc Andressen • the beginning of the end of Bitcoin
  7. 7. DOGECOIN SOARS FROM MT GOX FALLOUT AND PRESS FROM RAISING MONEY TO FUND JAMAICAN BOBSLED TEAM First 100 Days = Bitcoins First 1000 Days
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