News

Considering it’s been around for less than a decade, cryptocurrency is a bit of a phenomenon; everyone seems to want to know the latest cryptocurrency news, and Bitcoin alone gets 260 million searches on Google, that’s more than the searches for Wonder Woman, Black Panther, plus the latest Star Wars and Avengers movies COMBINED. Read all about it!

Cryptocurrency used to be summed up in one word: Bitcoin. Today, while Bitcoin remains the most high-profile digital currency by some distance, it has been joined on the cryptocurrency roster by names like Ethereum and Ripple, which, while not as well-known as Bitcoin, are carving a name and reputation based on their greater practicality. It’s not impossible that both of those currencies will supplant Bitcoin from the top of the “most valuable” rankings in the not too distant future.

As well as Bitcoin, Ethereum, Ripple, cryptocurrency, another phrase that has become part of popular business jargon is “blockchain technology”, the revolutionary system put together by Bitcoin’s creator Satoshi Nakamoto a decade ago, which is powering the entire crypto industry today.

What Was The Big Cryptocurrency News In 2009?

While there were a few false starts in the 1990s to try and establish a digital currency, and it took a year for it to be developed, 2009 will always be known as the year Bitcoin was officially launched, the year cryptocurrency was born. However, while if filled a certain enlightened and anointed few with unbridled optimism for the future, it caused little if any impact on the outside world, and indeed it wouldn’t really for eight years.

However, whether or not it was headline news, it was still news that chronicled the crypto industry, and while that industry is less than a decade old and doesn’t have a great deal of history, it’s still a story worth telling.

Cryptocurrency News Timeline 2008-2018

2008 – Satoshi Nakamoto: The Bitcoin “whitepaper” (instruction manual) was put together by the mythical figure of Satoshi Nakamoto. Whether this was indeed a mad Japanese working alone or it is the cover name for group of geniuses who wanted to knock the financial world off its axis, right now we don’t know.

2009 – Bitcoin Is Launched: Satoshi Nakamoto mines his first Bitcoins – 30 of them. He also makes the first ever peer-to-peer transaction, with one Hal Finney.

2010 – Bitcoin Exchange Rate Established: New Liberty Standard creates a service specifically to buy and sell Bitcoin. The initial exchange rate is assessed at 1,309.03 BTC to one U.S. Dollar, or about eight hundredths of a cent per bitcoin. The rate is based on the cost of electricity used by a computer to generate, or “mine” the currency. Basically 5,050 Bitcoins were worth five dollars. Today they would be worth $50.5 million.

2010 – Bitcoin 1st “Real-World” Transaction: The first Bitcoin-for-goods transaction is 10,000 Bitcoins used to indirectly purchase two pizzas delivered by Papa John’s. The value of the first Bitcoin transaction was negotiated by individuals on the Bitcointalk forums.

2012 – Ripple Is Created: Two very smart programmers named Chris Larsen and Jed McCaleb put together a small team and created Ripple, which is both a cryptocurrency and a payment protocol. So advanced and groundbreaking was the development of Ripple, it is likely to become a mainstay of banks for years to come, and establish itself as the most mainstream cryptocurrency.

2015 – Ethereum Is Created: 19-year old Russian-born Canadian Vitalik Buterin creates Ethereum, whose coins are called Ether. In 2017, Ethereum will become the biggest benefactors of the crypto-boom, experiencing a 3,300% value increase. Ether is still the no.2 crypto behind Bitcoin today.

2016 – Six Biggest  Cryptos All Gain In Value: The six biggest cryptos at the time – Dash, Ethereum, Monero, Litecoin, Ripple and Bitcoin all gain significantly, pushing each ones market cap in excess of a billion dollars.

2017 – More Than 1000 Listed Cryptocurrencies: The market stretches to over 1000 different cryptocurrencies. That number has since been well and truly surpassed, with the current total in excess of 1,500.

2017 – Crypto Market Cap Hits $100 Billion: In June 2017, the combined cryptocurrency market reached a value of 100 billion dollars, an indication of how the digital currency market had suddenly exploded due to an unforeseen surge in demand that would last throughout the year.

The combined crypto market cap would reach just short of a trillion dollars by the end of 2017, and is currently around $500 billion.

2017 – Bitcoin Fall Just Short Of $20,000: Bitcoin peaked in value at just under $20,000 per coin. It is currently around $10,000, and predicted to smash through the $20,000 barrier before the end of 2018.

2018 – Samsung Wants Blockchain Help: In April, Samsung announced it was looking into introducing blockchain technology to help save time and money with its global exports via both air and sea.

2018 – Goldman Sachs Announce Bitcoin Partnership: Banking giants Goldman Sachs announced they were to start trading Bitcoin futures from their New York branch to “appease customer demand.” The move is seen by many as the single biggest step toward mainstream acceptance of cryptocurrency and blockchain technology.

Summary

So that is the cryptocurrency story so far, and it’s safe to say, “You Ain’t Seen Nothing yet!” This a story that will run and run, and how it will conclude is anyone’s guess. The demand for cryptocurrency news is growing constantly, and is being fed by a host of excellent crypto news websites like BitMoneyNews, CoinDesk, CCN and cryptocurrencynews, all 100% devoted to all news blockchain-based. In addition, news portals like Bloomberg, Forbes and the Financial Times give cryptocurrency its own section, and it is also regularly featured on TV, with CNBC being a major advocate.

How To Purchase Cryptocurrency

If you want to buy cryptocurrency, either as an investment or for use in bank transfers, simply open an account with CryptoTraderPros.com today.

Buying cryptocurrency with CryptoTraderPros.com could not be easier:

  • Select your preferred cryptocurrency
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A salesperson will contact you to guide you through the purchase process. Your coins will appear in your CryptoTraderPros.com account as soon as the transaction is complete. You can access your account at any time, allowing you the option of purchasing more coins, selling some or all of your currency and have the balance paid out to your bank account, or using your coins to make a bank transfer or online purchase.