From Past to Present The events of Bitcoin on March 31st have been a very important day in the history of crypto currencies, since many important events have occurred in the last decade. It was the turning point of Bitcoin's market value of $ 1 billion, or the adoption of Ethereum in Windows by a large company like Microsoft.
As we continue to learn about the latest crypto news and analyze market developments in the industry in the next order, it is worth reconsidering some of the important events that have shaped the past to understand how this future could end.
2013 - Bitcoin Market Value Exceeds US $ 1 Billion
After Bitcoin began trading in 2011, the crypto-currency community was already waiting for Bitcoin to exceed $ 1 billion in total market capitalization. The day came at the end of the first quarter of 2013, and yes, on March 31, the value of the total of all circulating Bitcoins exceeded $ 1 billion for the first time in history.
As of March 31, 2019, Bitcoin's market value is above $ 72 billion, and it shows a surprising picture of how Bitcoin's popularity has grown over the past six years.
2014 - US Internal Revenue Service named Bitcoin Commodities
The tax authority in the United States named Bitcoin and other crypto currencies as commodities in the same way as the Internal Revenue Service (IRS), Gold or Silver, and stated that it would not be considered as a currency.
. The general tax principles applicable to property transactions are valid for transactions using virtual currency, IR the IRS said. Before the IRS statement, it was unclear how the profit from Bitcoin trading would be taxed. However, with the IRS directive, it has cleared the way to integrate crypto currencies into the legal financial system.
2015 - US Secret Service Agents Stole Bitcoin
Even though it didn't sound that important, the world was playing Bitcoin during a secret investigation of the Silk Road when the US recognized the two agents of the Drug Enforcement Administration and the Secret Service, and this incident has attracted a lot of attention from many who are interested in crypto-money.
Ordinary people who have never heard of Bitcoin, began to investigate the potential of having an anonymous payment method in their work in different areas. This event helped to extend the applicability of Bitcoin to a wider audience.
2016 - Ethereum Added to Microsoft Visual Studio Platform
With an unprecedented move, software giant Microsoft has announced that it is partnered with ConsenSys to enable developers to create, test, and deploy decentralized applications or applications on the Microsoft Visual Studio Platform.
It was one of the first major collaborations between a leading industry giant and a crypto platform that gave Microsoft the place in the blockchain industry, but ensured the reliability of ConsenSys and the community of the blockchain community to become a trusted and public company.
2017 - Japan recognizes Bitcoin as Payment Method
Japan, which is one of the world's largest economies, said the Accounting Standards Board will form a framework for accepting Bitcoin as a legal payment method in the country.
The recognition of the sector by the government was a great victory for the crypto-currency community.
2018 - Bill Advertising on Twitter
Crypto Coins' popularity was growing rapidly in 2018, but Twitter, one of the most widely used social media platforms on the Internet, announced the prohibition of crypto money ads on March 31, 2018.
Bitcoin-containing spam content and widespread fraud forced Facebook and Google to ban ads related to crypto currencies, and the decision on Twitter was already widely anticipated.
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