Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. It was invented and implemented by the presumed pseudonymous Satoshi Nakamoto, who integrated many existing ideas from the cypherpunk community. Over the course of bitcoin's history, it has undergone. In February the world's largest bitcoin exchange, Mt. Gox, declared bankruptcy. The company stated that it had lost nearly $ million of their customers' bitcoins likely due to theft. This was equivalent to approximately , bitcoins, or about 7% of all the bitcoins in existence. The price of a bitcoin fell from a high of about. The Commodity Futures Trading Commission, CFTC, classified bitcoin as a commodity in September Per IRS, bitcoin is taxed as a property. Bitcoin was mentioned in a U.S. Supreme Court opinion (on Wisconsin Central Ltd. v. United States) regarding the changing definition of money on 21 June
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A lot of this debate is now more about hurt feelings. Retrieved 28 June Retrieved 6 August — via GitHub. Retrieved 23 July BPB Publications. Financial Times. Retrieved 3 June Retrieved 1 March What's With All the Bitcoin Clones? Retrieved 6 June Bloomberg LP. Retrieved 18 August International Business Times. Retrieved 2 November Jeffries, Adrienne 1 May The Verge. Browne, Ryan 20 December Jeffries, Adrienne 9 April Shen, Lucinda 8 August Fortune Magazine.
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Retrieved 18 October New York Times. Retrieved 1 Jul Governor Andrew M. Gemini Exchange. Wall Street Journal. Business Insider. History Economics Legal status. Money portal. List of bitcoin companies List of bitcoin forks List of bitcoin organizations List of people in blockchain technology. Bitcoin Unlimited. Bitcoin Cash Bitcoin Gold.
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