It's mid-way through September folks so why not a walk down memory lane of interesting moments in BTC's history during the month of September. Let me tell you first, September was BUSY!
The Launch of Bitcoin: September 2008 is when the domain bitcoin.org was registered, and the whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" by the pseudonymous Satoshi Nakamoto was published. This laid the foundation for the creation of Bitcoin.
First Recorded Bitcoin Exchange Rate: In September 2010, the first known commercial Bitcoin exchange rate was established when a Bitcoin miner named "NewLibertyStandard" calculated that the electricity cost for mining one Bitcoin was about $0.07. This marked an early attempt to value Bitcoin in terms of a traditional currency.
Bitcoin's First Major Rally: In September 2013, Bitcoin experienced its first significant price rally. The price reached over $200 per Bitcoin, which was a remarkable milestone at the time, considering it had been just a few dollars a year earlier.
Silk Road Shutdown: In September 2013, the infamous online marketplace known as the Silk Road, which primarily facilitated illegal transactions using Bitcoin, was shut down by law enforcement. This event had a significant impact on discussions about the legality and use of Bitcoin.
Mt. Gox Hacked: In September 2012, Mt. Gox, one of the earliest and largest Bitcoin exchanges, suffered a significant security breach. While the actual hack occurred earlier, it was in September that the breach was made public, leading to concerns about the security of Bitcoin exchanges.
Regulatory Developments: Various countries and regulatory bodies have made important announcements and decisions regarding Bitcoin during September in different years. These announcements have ranged from recognizing Bitcoin as a legitimate form of payment to imposing restrictions and regulations.
Segregated Witness (SegWit) Activation: In August 2017, Bitcoin's Segregated Witness (SegWit) upgrade was activated. While the initial activation began in August, it fully took effect in September 2017. SegWit was a significant technical improvement aimed at increasing Bitcoin's scalability and reducing transaction fees.
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