Ten years ago, the first Bitcoin block was mined, changing currency forever.
Within the first block was a string of words that read, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” The cryptic message from Satoshi Nakamoto referenced a front-page headline, “Chancellor on brink of second bailout for banks,” from the London Times on January 3, 2009.
At the time of print, millions of people had already lost their life savings, their jobs, and their homes as a result of one of the worst global recessions in recent history.
History Repeats Itself
Exactly ten years later, in the same newspaper, crypto exchange BitMEX ran an ad that read, “Thanks Satoshi. We owe you one. Happy 10th birthday, Bitcoin.”
Happy 10th Birthday Bitcoin! pic.twitter.com/DpOPjojsOd— BitMEX Research (@BitMEXResearch) January 2, 2019
A decade later, the front-page stories remain eerily similar. “Universities face credit crunch as debt spirals,” led Thursday's cover, followed by, “No Deal Brexit Will be Nightmare...”, “Apple Slump Deepens Fear of Global Slowdown.” and “What’s going wrong with the US economy?”
The mirrored headlines prove that Bitcoin’s mission is more critical today than ever. Despite years of economic rebound in the US and Europe, experts warn that another recession is looming. With history on pace to repeat itself, Bitcoin's separation from central powers will become increasingly more attractive.
We can’t wait to see where Bitcoin is in the next ten years!
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Cryptocurrency Creditors Making a Killing Despite Bear Market
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The Galaxy CEO purchased 7.5 million ordinary shares of the company, or 2.7 percent of total shares outstanding, for 7.42 million Canadian dollars ($4.8 million), according to a press release Wednesday. The purchase increased his total stake to about 79.3 percent of Galaxy, which trades on the Toronto Stock Exchange’s TSX Venture Exchange. Read more.
Estonia-based DX.Exchange announced Thursday that it would launch its trading platform on Jan. 7, allowing its clients to purchase crypto tokens representing shares in different tech firms listed on the Nasdaq exchange. Customers will be able to use select cryptocurrencies, as well as fiat currencies to purchase the tokens. Read more.
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The two dates have cemented themselves with Promethean significance into Bitcoin’s lore. On October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency.
On January 3, this constitution came alive with Bitcoin Block #0. Read more.
Many within the crypto space and the ethereum community, in particular, believe that the recent rally of the second largest cryptocurrency ethereum (ETH), is due to the forthcoming update in ethereum Constantinople hard fork by Jan 16th. Read more.