History and rise of Bitcoin

The FinCEN solution will require bitcoin exchanges where bitcoins exchange traditional currency when trading bitcoins produced locally and in the United States, to detect large transactions and suspicious activity, comply with financial fraud laws and collect information about their customers as required by institutions. finance.

On May 2, one of the largest investment banks announced that Goldman would start using its funds to trade in various contracts set by trading bitcoins. The Department of Justice has opened a criminal case on April 24 against traders who fraudulently sell bitcoins and other digital currencies. Although the DEA agent told Bloomberg in August 2018 that most of the bitcoin transactions were made by speculators, not the types of transactions made by speculators.

At the time of this writing, cryptocurrencies in general and bitcoins, in particular, have been traded by companies such as business finance firms (with promoters such as Tim Draper of Draper Fisher Jurvetson and Marc Andreessen of Andreessen Horowitz), hedge funds, and mysterious bitcoins - whales. and major investors such as George Soros.

In 2014, the rise and fall of cryptocurrency trading that dominated the retention of large Bitcoin had a significant impact on bitcoin pricing. Gox, one of the world's first cryptocurrency trading platforms, contributed to the price of bitcoin in 2014, particularly after claiming to have lost 850,000 Bitcoins in a burglary and filed for bankruptcy in February 2014. Bitcoin began trading in mid-December. $ 0.0008 and $ 0.08 coin in July 2010.

The price of bitcoin jumped from $ 1 in April of that year to a peak of $ 32 in June, representing a 3,200% rise in three short months, and the price of bitcoin dropped from $ 2 in November 2011. The first is when the price rose to $ 220 in early April 2013 to begin the decline in bitcoin price for many years and dropped to below $ 315 in early 2015.

In just over a decade, Bitcoin has become an attractive and lucrative indicator for criminals - many investors in this category will lose their value as prices have dropped to about $ 300 - it could have taken more than two years to reach $. 1,000 again.

In just over a decade, Bitcoin has paved the way for a growing crypto asset segment, building more followers and reaching its peak of $ 48,200 on February 9, 2021. Built to withstand the financial crisis of 2008, it has been able to withstand major fluctuations. . $ 19,650 in 2017 before spending less than $ 10,000. One of the big financial news of last year was the dramatic rise of bitcoin.

Although many do not know what bitcoin is and how emerging cryptocurrency - the technological revolution that has shaken the financial sector - is still a lot confused about where bitcoin came from and how it came to be today - digital assets designed to serve as a payment method.

Bitcoin has grown rapidly in its history and has become an important currency both online and offline. The popularity of Bitcoin and the concept of segregation and cryptocurrencies grow. The first different cryptocurrencies emerge, sometimes called altcoins, often providing speed. great. , anonymity, or another benefit. Currently, over 1000 cryptocurrencies are being distributed and new ones are often emerging.

The New Liberty Standard published the first Bitcoin exchange rate in the history of small cryptocurrencies by the end of the year, in October, and cost $ 1 per 1309.03 BTC. One of the highlights of Bitcoin's journey to becoming the world's leading digital currency was exceeding the $ 100 limit in April 2013. The price of Bitcoin has been both up and down in 2013. Still, it has become a significant and effective wallet and exchange. . However, Bitcoin is gradually leaving its original community of true believers.

At its peak in 2013, Mt.Gox became the largest cryptocurrency, accounting for 70% of all bitcoin transactions. Unfortunately, in 2014 it was the first major cryptocurrency exchange hacker to steal 850,000 BTC, it is the largest BTC theft in bitcoin history estimated at $ 460 million (current value of about $ 9.5 billion). After this unprecedented situation, the price of bitcoin dropped by 50% and did not return to its original value until the end of 2016.

While Facebook publicly publicized the twins used that money to start accumulating wealth in bitcoin, estimated at $ 1.3 billion by the end of the year.