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Interesting facts about crypto

Stay informed with short, insightful facts about the evolution and innovation throughout crypto history.

Bitcoin's blockchain has never been hacked

Bitcoin has never been hacked, however people who have stored their Bitcoin in an unsecured way has gotten their Bitcoin hacked

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The total amount of bitcoin is limited.

Bitcoin, unlike Fiat currencies, is finite. There can only ever be 21.000.000 Bitcoin in existence, this is a limit coded directly into the infrastructure of Bi...

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No one knows who created bitcoin.

The creator of Bitcoin remains unknown. The creator went under the pseudonym Satoshi Nakamoto and mysteriously stopped communication in 2011, only 3 years after...

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Cryptocurrency can't be physically banned.

No one can stop you from creating a wallet or interacting with the Blockchain, it is available for everyone to use, and no government or entity can prevent you...

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The first commercial bitcoin transaction was for pizza

On May 10, 2010, Laszlo Hanyecz spent 10,000 Bitcoin for 2 Papa John’s pizzas in Florida. This was the first recorded Bitcoin payment for goods valued at about...

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El Salvador became the first country to make Bitcoin legal tender

El Salvador became the first country to make Bitcoin legal tender alongside the US dollar, which the Central American country adopted in 2001 to replace its own...

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There are more than 38,825 cryptocurrency ATMs

According to coinatmradar there are more than 38,825 cryptocurrency ATMs which makes it possible to withdraw and buy Bitcoin and other assets directly through a...

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One man wants to excavate a landfill to get his digital wallet back

James Howells, who lives in Wales, U.K., threw out a hard drive with 7,500 bitcoins back in 2013. When he realized how much the value of Bitcoin had risen in re...

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Bitcoin solved the Double Spend Problem.

Bitcoin solved a problem that had never before been achieved. The problem is called 'The Double Spend Problem'. It was a problem for digital money to ensure tha...

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Bitcoin solved the Reversibility Problem

Bitcoin solved a problem that had never before been achieved. The problem is called 'The Reversibility Problem'. It was a problem for humanity's freedom to inte...

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The last Bitcoin will be mined in 2140

Around year 2140 is the last Bitcoin is predicted to be mined. Unlike FIAT currencies, Bitcoin is limited, and there can't ever be more than 21,000,000

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Banks are now using Bitcoins innovative technology

Banks are now starting to issue their own digital currencies called CBDC, which stands for Central Bank Digital Currencies. The central banks will utilize the s...

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Cryptocurrencies Enable Financial Inclusion

Cryptocurrencies provide individuals in unbanked or underbanked regions with access to financial services and participation in the global economy. By leveraging...

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Stablecoins Provide Stability in the Crypto Space

Stablecoins are pegged to stable assets like fiat currencies or commodities, offering stability and facilitating transactions in the crypto space. By maintainin...

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The Environmental Impact of Cryptocurrencies

The energy-intensive processes of mining and transaction verification in cryptocurrencies, particularly Bitcoin, have raised concerns about their environmental...

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The Role of Cryptocurrencies in Decentralized Finance (DeFi)

Cryptocurrencies have spurred the development of decentralized finance (DeFi) applications, enabling activities such as lending, borrowing, and trading without...

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Acceptance of Cryptocurrencies in Various Industries

Cryptocurrencies are increasingly being accepted as a form of payment in diverse industries such as e-commerce, gaming, travel, and charity. Companies and merch...

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The Rise of Cryptocurrency Exchanges

Cryptocurrency exchanges serve as platforms for buying, selling, and trading cryptocurrencies, providing liquidity and accessibility for market participants. Th...

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The Impact of Cryptocurrencies on Remittances

Cryptocurrencies offer a potential solution for faster, more secure, and cost-effective cross-border remittances, benefiting individuals and families worldwide....

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The Influence of Cryptocurrencies on Central Bank Policies

The emergence of cryptocurrencies has prompted central banks to explore digital currencies and evaluate their potential impact on monetary policies and financia...

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The Rise of Decentralized Applications (dApps)

Cryptocurrencies have paved the way for decentralized applications (dApps), enabling innovative and transparent solutions in areas such as finance, gaming, gove...

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The Potential of Blockchain Beyond Cryptocurrencies

Blockchain technology has applications beyond cryptocurrencies, with potential uses in supply chain management, healthcare, voting systems, identity verificatio...

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The whitepaper dropped on Halloween 2008

Satoshi Nakamoto released the whitepaper 'Bitcoin: A Peer-to-Peer Electronic Cash System' on October 31, 2008, posting it to the Cryptography Mailing List hoste...

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The genesis block was mined January 3, 2009

Block 0, the genesis block, was created by Satoshi Nakamoto on January 3, 2009, marking the launch of the Bitcoin network with its first 50 BTC reward.

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A newspaper headline is baked into the genesis block

The coinbase of Bitcoin's genesis block contains the text 'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks', referencing that day's front-...

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The genesis block's 50 BTC can never be spent

Because of how the genesis block is handled in Bitcoin's code, its 50 BTC coinbase reward is excluded from the spendable transaction database and cannot be move...

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Hal Finney received the first peer-to-peer Bitcoin transfer

On January 12, 2009, Satoshi sent 10 BTC to developer and cryptographer Hal Finney in block 170, recorded as the first Bitcoin transaction between two people.

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Satoshi is estimated to have mined about 1 million BTC

The 'Patoshi pattern' identified by researcher Sergio Demian Lerner estimates that a single early miner, presumed to be Satoshi, mined roughly 1 to 1.1 million...

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There are no photos, voice, or video of Satoshi

Satoshi's documented communications consist almost entirely of mailing-list messages, BitcoinTalk forum posts, and private emails. No known photographs, voice r...

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Satoshi's writing leaned British

Researchers have noted Satoshi frequently used British English spellings and phrases such as 'bloody hard', fueling speculation about geographic origin.

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Newsweek misidentified Dorian Nakamoto in 2014

A March 2014 Newsweek cover story identified California resident Dorian Prentice Satoshi Nakamoto as Bitcoin's creator.

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WikiLeaks began accepting Bitcoin in 2011

After being cut off by major payment processors, WikiLeaks started accepting Bitcoin donations in June 2011.

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The Bitcoin Faucet handed out free coins

In 2010, Gavin Andresen launched the Bitcoin Faucet, a website that gave 5 BTC to anyone who visited and solved a captcha.

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'HODL' began as a drunken typo in a 2013 forum post

The crypto term 'HODL' originated on December 18, 2013, when a user named GameKyuubi published a Bitcoin Talk forum post titled 'I AM HODLING', misspelling 'hol...

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The man behind 'Bitcoin Pizza Day' was an early GPU miner

Laszlo Hanyecz, who on May 22, 2010 paid 10,000 BTC for two Papa John's pizzas in the first known real-world Bitcoin purchase, is also credited as one of the fi...

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Bitcoin Magazine was co-founded by Vitalik Buterin

Bitcoin Magazine, one of the oldest publications dedicated to Bitcoin, launched in 2012 with Vitalik Buterin as a co-founder and writer before he created Ethere...

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Hal Finney was cryonically preserved

Hal Finney, an early Bitcoin contributor, suffered from ALS and was cryonically preserved by the Alcor Life Extension Foundation after his death in 2014. His ea...

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Vitalik Buterin was a teenager when he conceived Ethereum

Vitalik Buterin, born in 1994 in Kolomna, Russia, was around 19 years old when he wrote the Ethereum whitepaper in 2013, proposing a blockchain that could run p...

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Nick Szabo coined 'smart contract' in the 1990s

The concept of smart contracts predates Ethereum; computer scientist and legal scholar Nick Szabo described self-executing contractual clauses in writings durin...

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About 3.6 million ether was drained from The DAO in 2016

On June 17, 2016, an attacker exploited a reentrancy bug in the smart contract of The DAO, an Ethereum-based venture fund, siphoning roughly 3.6 million ether w...

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A hard fork rewound the 2016 DAO theft on Ethereum

After the June 2016 hack of The DAO drained about 3.6 million ether, the Ethereum network executed a controversial hard fork on July 20, 2016, at block 1,920,00...

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The DAO hard fork created two coins from one

The July 2016 Ethereum hard fork that reversed the DAO hack split the blockchain in two. Anyone holding ether before block 1,920,000 ended up with coins on both...

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The SEC ruled Ethereum's DAO tokens were securities

In a Section 21(a) report issued July 25, 2017, the U.S. SEC concluded that tokens from The DAO, an Ethereum-based crowdfunded venture fund, were securities sub...

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White-hat hackers counter-drained The DAO to save funds

During the June 2016 hack of The DAO, an Ethereum venture fund, volunteers known as the Robin Hood Group used the same reentrancy exploit defensively. They move...

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The 2022 Merge cut Ethereum's energy use by ~99.95%

The Merge, Ethereum's September 2022 transition from proof-of-work mining to proof-of-stake, reduced the network's energy consumption by an estimated 99.95%, ac...

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EOS and Filecoin raised eye-watering sums

Filecoin's 2017 sale reportedly raised over $200 million, while the year-long EOS sale reportedly raised around $4 billion. These figures highlighted both the s...

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Dogecoin launched as a joke in 2013

Software engineers Billy Markus and Jackson Palmer launched Dogecoin on December 6, 2013, as a lighthearted parody of the cryptocurrency boom. Neither founder e...

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Dogecoin is named after the Shiba Inu 'Doge' meme

Dogecoin takes its name and mascot from the 2013 'Doge' internet meme, which paired a wide-eyed Shiba Inu with broken-English captions set in Comic Sans font.

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The 'Doge' meme dog was a real Shiba Inu named Kabosu

The dog in the 2013 'Doge' meme that inspired Dogecoin was a rescued Shiba Inu named Kabosu, owned by Japanese kindergarten teacher Atsuko Sato, who first poste...

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Kabosu the Doge dog died in 2024

Kabosu, the Shiba Inu whose face became the Doge meme and Dogecoin's mascot, died on May 24, 2024, at roughly 18 years old.

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Dogecoin fans helped fund the Jamaican bobsled team

In 2014, the Dogecoin community raised roughly $30,000 to help the already-qualified Jamaican bobsled team reach the Sochi Winter Olympics after a funding short...

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Dogecoin fans sponsored NASCAR's 'Dogecar'

The Dogecoin community crowdfunded around $55,000 to sponsor NASCAR driver Josh Wise, whose car was wrapped in the Doge meme at Talladega in 2014.

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Doge4Water dug wells in Kenya

Through the 2014 'Doge4Water' campaign with the nonprofit Charity: Water, the Dogecoin community raised roughly $30,000 to build clean-water wells in Kenya.

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Elon Musk dubbed himself the 'Dogefather'

Tesla and SpaceX CEO Elon Musk repeatedly promoted Dogecoin on social media and called himself the 'Dogefather' while hosting Saturday Night Live in 2021.

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SpaceX took a Dogecoin-funded Moon mission

In 2021, SpaceX agreed to launch the 'DOGE-1' satellite to the Moon, with the payload paid for in Dogecoin by Geometric Energy Corporation.

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Shiba Inu billed itself the 'Dogecoin killer'

Launched in August 2020 by an anonymous founder known as Ryoshi, Shiba Inu (SHIB) marketed itself as a 'Dogecoin killer' and runs as an ERC-20 token on Ethereum...

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A Kabosu bronze statue stands in Japan

Fans and the Dogecoin community funded a bronze statue of Kabosu in Sakura, Japan, honoring the Shiba Inu behind the world's most famous dog meme.

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Mimblewimble is named after a Harry Potter spell

The Mimblewimble protocol's name comes from a tongue-tying jinx in the Harry Potter series, fitting its goal of preventing the ledger from 'speaking' about tran...

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The Wormhole bridge lost about $325 million in 2022

A February 2022 exploit of the Wormhole bridge connecting Solana and Ethereum let an attacker mint 120,000 wrapped ETH without backing collateral, worth roughly...

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The Nomad bridge was drained in a chaotic free-for-all

In August 2022, a flawed upgrade to the Nomad bridge let many people copy a single working exploit transaction, draining nearly $190 million in a crowd-sourced...

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SushiSwap forked Uniswap and siphoned its liquidity

In late August 2020, an anonymous developer known as Chef Nomi launched SushiSwap as a fork of Uniswap, using a 'vampire attack' that lured away Uniswap's liqui...

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Uniswap airdropped 400 UNI to past users

In September 2020, Uniswap retroactively airdropped 400 UNI governance tokens to every wallet that had ever used the protocol, one of the most famous airdrops i...

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CryptoKitties clogged Ethereum in 2017

CryptoKitties, a 2017 game of collectible breedable cat NFTs built on the ERC-721 standard, became so popular it congested the Ethereum network and spiked gas f...

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The first NFT may have been minted in 2014

Digital artist Kevin McCoy created 'Quantum,' a pulsating octagon animation, on the Namecoin blockchain in May 2014, with technology co-developed by Anil Dash....

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Quantum sold at Sotheby's for $1.47 million

Kevin McCoy's 'Quantum,' often called the first NFT, was auctioned at Sotheby's in June 2021 for about $1.47 million during the NFT boom.

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CryptoPunks were originally free to claim

When Larva Labs launched the 10,000 CryptoPunks in June 2017, anyone with an Ethereum wallet could claim them for free, paying only the gas fee. All 10,000 were...

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Beeple's Everydays compiles 5,000 daily images

'Everydays: The First 5000 Days' is a single JPEG mosaic of 5,000 individual images Beeple created and posted one per day. He began the daily practice on May 1,...

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Beeple's $69M 'Everydays' NFT was paid for in Ether

Beeple's 'Everydays: The First 5000 Days' sold for about $69 million at Christie's in March 2021, the most expensive NFT sale at the time. The buyer, known as M...

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Pak's 'The Merge' sold for $91.8 million in fractions

In December 2021, the NFT artwork 'The Merge' by anonymous artist Pak sold for about $91.8 million on Nifty Gateway. The piece was split among roughly 28,000 bu...

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Jack Dorsey's first tweet was sold as an NFT

Twitter co-founder Jack Dorsey sold an NFT of his first-ever tweet ('just setting up my twttr') for about $2.9 million in March 2021. A later attempt to resell...

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The 'Disaster Girl' meme was sold as an NFT

Zoe Roth, the subject of the viral 'Disaster Girl' meme, sold the original photo as an NFT in April 2021 for 180 ETH (roughly $500,000 at the time) while retain...

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The New York Times sold a column as an NFT

In March 2021, New York Times columnist Kevin Roose minted one of his columns as an NFT and auctioned it for charity on Foundation, with the winning bid reachin...

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ConstitutionDAO refunded backers after losing the auction

In November 2021, ConstitutionDAO crowdfunded about $47 million in ETH to bid on a rare first-printing copy of the U.S. Constitution at Sotheby's, but lost to b...

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PleasrDAO buys NFTs and culture collectively

PleasrDAO emerged in 2021 as a collector DAO that pooled funds to acquire culturally significant digital assets, including the unique Wu-Tang Clan album 'Once U...

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TerraUSD's collapse erased tens of billions in days

In May 2022 the algorithmic stablecoin TerraUSD (UST) lost its dollar peg and entered a 'death spiral' with its sister token LUNA, wiping out roughly $40 billio...

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Bitcoin mining rivals a mid-sized country's power use

The Cambridge Bitcoin Electricity Consumption Index has placed Bitcoin's annualized electricity draw in the range of roughly 100-150 terawatt-hours, comparable...

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ASICs generate substantial electronic waste

Because mining ASICs are single-purpose and quickly outdated by more efficient models, research led by Alex de Vries has estimated Bitcoin produces on the order...

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Some miners burn flared natural gas to generate power

Oil drilling often releases associated natural gas that would otherwise be flared (burned off) or vented. Companies like Crusoe Energy have captured this strand...

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The US became the top Bitcoin mining hub after China's ban

Following China's 2021 mining ban, the United States emerged with the largest share of global Bitcoin hashrate, according to the Cambridge mining map. States li...

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Bitcoin miners can act as flexible grid loads

Because mining rigs can be switched off almost instantly, miners in regions like Texas participate in demand-response programs, powering down during peak demand...

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Miner waste heat can be reused to warm buildings

Some operations capture the waste heat from ASICs to warm greenhouses, dry timber, heat swimming pools, or provide residential heating. Projects in countries li...

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Proof-of-Work predates Bitcoin by over a decade

The core idea behind Proof-of-Work originated with Cynthia Dwork and Moni Naor in 1992 as a way to deter spam and junk mail, and Adam Back proposed a similar sc...

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Mt. Gox handled around 70% of Bitcoin trades at its peak

Before its 2014 failure, Mt. Gox was the dominant Bitcoin exchange, reportedly processing about 70% of all Bitcoin transactions worldwide. Its collapse sent sho...

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Coincheck lost about $530 million in NEM in 2018

In January 2018, Japanese exchange Coincheck was hacked for roughly 523 million NEM (XEM) tokens, valued at around $530 million at the time. It ranked among the...

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Bitfinex was hacked for about 120,000 BTC in 2016

In August 2016, Hong Kong-based exchange Bitfinex was breached and roughly 119,756 BTC were stolen. It was one of the largest Bitcoin thefts of that era.

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The Bitfinex launderers were arrested in 2022

In February 2022, U.S. authorities arrested Ilya Lichtenstein and Heather Morgan in connection with laundering proceeds of the 2016 Bitfinex hack. The case invo...

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Heather Morgan rapped as 'Razzlekhan'

Heather Morgan, charged in connection with laundering the 2016 Bitfinex hack proceeds, was also a self-styled rapper performing as 'Razzlekhan.' The unusual det...

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KuCoin was hacked for about $280 million in 2020

In September 2020, exchange KuCoin suffered a breach of its hot wallets, with stolen assets estimated at around $280 million across Bitcoin, Ethereum and numero...

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The Ronin bridge hack stole over $600 million in 2022

In March 2022, the Ronin Network bridge supporting the Axie Infinity game was drained of about 173,600 ETH and 25.5 million USDC, worth over $600 million at the...

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A fake job offer reportedly enabled the $600M Ronin hack

Investigators reported that the March 2022 hack of the Ronin Network bridge, which supported the Axie Infinity game and lost over $600 million, began with a spe...

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Poly Network was hacked for about $610 million in 2021

In August 2021, the cross-chain protocol Poly Network was exploited for roughly $610 million across the Ethereum, Binance Smart Chain and Polygon networks. It w...

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Poly Network called its $610M hacker 'Mr. White Hat'

After the August 2021 exploit that drained roughly $610 million from the cross-chain DeFi protocol Poly Network, the company publicly addressed the attacker as...

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OneCoin had no real blockchain

OneCoin, launched in 2014 by Ruja Ignatova, marketed itself as a cryptocurrency but ran no genuine public blockchain. Investigators found its 'coins' lived on a...

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OneCoin took in more than $4 billion

Prosecutors estimated OneCoin raised over 4 billion euros (more than $4 billion) from investors worldwide between 2014 and 2016. The U.S. Department of Justice...

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OneCoin's 'Cryptoqueen' vanished in 2017 and is still missing

Ruja Ignatova, the self-styled 'Cryptoqueen' behind the multi-billion-dollar OneCoin fraud, boarded a flight from Sofia, Bulgaria to Athens, Greece on October 2...

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The 'Cryptoqueen' made the FBI's Ten Most Wanted list

In June 2022 the FBI added Ruja Ignatova to its Ten Most Wanted Fugitives list over the OneCoin fraud. She was one of only a handful of women ever placed on the...

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A BBC podcast exposed the 'Cryptoqueen'

The BBC investigative podcast 'The Missing Cryptoqueen,' first released in 2019 and hosted by Jamie Bartlett, brought global attention to the OneCoin fraud and...

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BitConnect promised absurd guaranteed daily returns

BitConnect, active from roughly 2016 to 2018, lured investors with a 'lending program' promising returns of about 1% per day, implying gains over 3,000% per yea...

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BitConnect collapsed overnight in January 2018

BitConnect abruptly shut down its lending and exchange platform on January 16, 2018, after receiving cease-and-desist letters from securities regulators in Texa...

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A BitConnect promoter spawned the 'Hey hey hey' meme

Promoter Carlos Matos delivered a frenzied speech at a 2017 BitConnect event, shouting 'BitConneeeeect!' and 'Hey hey hey!', which became an enduring internet m...

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PlusToken was one of crypto's largest Ponzi schemes

PlusToken, operating mainly out of China and South Korea from around 2018 to 2019, defrauded investors of billions of dollars in bitcoin, ether and other crypto...

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QuadrigaCX's cold wallets turned out to be empty

After Canadian exchange QuadrigaCX collapsed in 2019 following the reported December 2018 death of founder Gerald Cotten, investigators examined its supposed co...

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QuadrigaCX founder Cotten traded against his own customers

Investigators found that Gerald Cotten, founder of the failed Canadian exchange QuadrigaCX, used aliases to create accounts on his own platform, crediting them...

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FTX collapsed within days in November 2022

FTX, once one of the world's largest crypto exchanges, spiraled into bankruptcy in November 2022 after a wave of customer withdrawals it could not meet. The com...

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Sam Bankman-Fried was sentenced to 25 years

In March 2024 Sam Bankman-Fried was sentenced to 25 years in prison for his role in the FTX fraud. The judge also ordered him to forfeit billions of dollars.

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An Enron veteran steered FTX through bankruptcy

John J. Ray III, who previously oversaw the wind-down of Enron, was appointed to lead FTX through bankruptcy. He wrote that he had never seen 'such a complete f...

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Trezor was the first commercial hardware wallet

The Trezor One, made by Czech company SatoshiLabs, shipped in 2014 as the first dedicated hardware wallet for Bitcoin. It isolates private keys on an offline de...

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El Salvador launched the state Chivo Wallet

To support adoption, El Salvador rolled out a government digital wallet called Chivo, which offered $30 in Bitcoin to citizens who downloaded and registered wit...

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El Salvador announced a planned 'Bitcoin City'

In November 2021, President Bukele announced plans for a tax-friendly 'Bitcoin City' near the Conchagua volcano, intended to be powered by geothermal energy and...

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El Salvador proposed 'Volcano Bonds'

El Salvador announced Bitcoin-backed bonds, nicknamed 'Volcano Bonds,' aiming to raise around $1 billion, with proceeds split between buying more Bitcoin and bu...

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The Central African Republic adopted Bitcoin as legal tender in 2022

In April 2022, the Central African Republic (CAR) became the second country in the world to make Bitcoin legal tender, after its National Assembly passed a law...

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China declared all crypto transactions illegal in 2021

In September 2021, ten Chinese government agencies, including the People's Bank of China, jointly declared all cryptocurrency-related transactions illegal, incl...

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Bhutan mined Bitcoin quietly for years before disclosure

Bhutan's sovereign Bitcoin mining and holdings were largely kept private until reporting and court filings around 2023 revealed the kingdom had been accumulatin...

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MicroStrategy went all-in on Bitcoin as a treasury reserve

In August 2020, business intelligence firm MicroStrategy, led by Michael Saylor, announced it had purchased 21,454 BTC for about $250 million, becoming the firs...

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Tesla sold about 75% of its Bitcoin in 2022

Tesla reported in its Q2 2022 results that it had converted roughly 75% of its Bitcoin holdings back into fiat, which the company said added about $936 million...

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U.S. spot Bitcoin ETFs were approved in January 2024

On January 10, 2024, the U.S. Securities and Exchange Commission approved the listing of spot Bitcoin exchange-traded products, and the first funds began tradin...

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The Howey Test came from a 1946 orange grove case

SEC v. W.J. Howey Co. was a 1946 U.S. Supreme Court decision about Florida orange grove investment contracts. Its four-part test for an 'investment contract' is...

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The Bahamas launched the first fully deployed CBDC

The Central Bank of The Bahamas launched the Sand Dollar nationwide in October 2020, making it the world's first fully deployed, country-wide central bank digit...

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A 2011 Mt. Gox hack briefly crashed the price to a cent

In June 2011, a security breach at Mt. Gox led to a flood of sell orders that drove the displayed price down to as low as $0.01 before trading was halted and th...

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Black Thursday hit crypto in March 2020

On March 12, 2020, amid the COVID-19 market panic, Bitcoin lost roughly half its value in a single day, an event often called Black Thursday.

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The first Bitcoin exchange was BitcoinMarket.com

Launched in March 2010 by a user known as 'dwdollar', BitcoinMarket.com is widely regarded as the first real Bitcoin exchange, letting users trade BTC for fiat...

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Mt. Gox started as a Magic: The Gathering card site

Mt. Gox stood for 'Magic: The Gathering Online Exchange', originally created by Jed McCaleb in 2007 to trade fantasy card-game cards, before he repurposed it as...

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Mt. Gox collapsed after losing about 850,000 BTC

In February 2014 Mt. Gox suspended trading and filed for bankruptcy, revealing the loss of around 850,000 bitcoins belonging to customers and the company, rough...

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Binance pleaded guilty to U.S. charges in 2023

In November 2023 Binance, the world's largest crypto exchange, agreed to pay over $4 billion to U.S. authorities to settle anti-money-laundering and sanctions v...

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Mt. Gox creditors began receiving repayments a decade later

The Mt. Gox rehabilitation trustee began distributing recovered Bitcoin and Bitcoin Cash to creditors in 2024, roughly ten years after the exchange's 2014 bankr...

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Staples Center became Crypto.com Arena in 2021

In November 2021, the Los Angeles arena formerly known as Staples Center was renamed Crypto.com Arena after the exchange signed a 20-year naming-rights deal rep...

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FTX bought naming rights to the Miami Heat's arena

In 2021 FTX signed a 19-year deal reportedly worth around $135 million to rename the Miami Heat's home FTX Arena. After FTX collapsed, Miami-Dade County termina...

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Coinbase ran a bouncing-QR-code Super Bowl ad

Coinbase's 2022 Super Bowl ad was a minimalist 60-second spot showing only a color-changing QR code bouncing around the screen. So many people scanned it that C...

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Larry David starred in FTX's 2022 Super Bowl ad

FTX's Super Bowl LVI commercial featured comedian Larry David as a skeptic dismissing world-changing inventions throughout history, ending with him doubting cry...

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Matt Damon fronted Crypto.com's 'Fortune Favors the Brave' campaign

In an October 2021 Crypto.com ad, actor Matt Damon delivered the line 'Fortune favors the brave' while comparing crypto investing to historic feats of explorati...

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Kim Kardashian was fined by the SEC over a crypto promotion

In October 2022 the U.S. SEC charged Kim Kardashian for promoting the EthereumMax (EMAX) token on Instagram without disclosing she was paid $250,000. She agreed...

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Floyd Mayweather and DJ Khaled were fined over ICO promos

In 2018 the SEC settled charges against Floyd Mayweather Jr. and Khaled Khaled (DJ Khaled) for failing to disclose payments they received for promoting initial...

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Bitcoin drove a 'Big Bang Theory' plot

The CBS sitcom 'The Big Bang Theory' aired a 2017 episode titled 'The Bitcoin Entanglement,' in which the characters try to recover bitcoins they mined years ea...

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Tom Brady and Gisele Bündchen took equity stakes in FTX

NFL quarterback Tom Brady and model Gisele Bündchen became FTX brand ambassadors in 2021, reportedly receiving equity, and were later named in lawsuits followin...

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Spike Lee directed a pro-crypto ad for Coin Cloud

Filmmaker Spike Lee directed and starred in a 2021 advertising campaign for Bitcoin ATM operator Coin Cloud, framing digital currency with the message 'old mone...

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Snoop Dogg and other rappers embraced NFTs

Rapper Snoop Dogg became a prominent advocate of NFTs and digital collectibles, revealing himself as the pseudonymous NFT collector 'Cozomo de' Medici' in 2021.

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Bored Ape Yacht Club became a celebrity status symbol

The Bored Ape Yacht Club NFT collection, launched by Yuga Labs in April 2021, was bought by celebrities including Jimmy Fallon, Eminem and Paris Hilton, who dis...

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Major sports leagues launched NFT collectibles

The NBA launched 'NBA Top Shot' in 2020, selling officially licensed video-highlight NFTs, while leagues like the NFL and UFC followed with their own blockchain...

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The Winklevoss twins parlayed a Facebook settlement into Bitcoin

Cameron and Tyler Winklevoss, known from the Facebook lawsuit dramatized in 'The Social Network,' invested heavily in Bitcoin in 2013 and founded the Gemini exc...

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A Netflix documentary examined the QuadrigaCX collapse

Netflix's 2022 documentary 'Trust No One: The Hunt for the Crypto King' examined the collapse of Canadian exchange QuadrigaCX and the mysterious death of its fo...

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'A Cypherpunk's Manifesto' declared 'Cypherpunks write code'

Eric Hughes's 1993 essay 'A Cypherpunk's Manifesto' famously stated 'Cypherpunks write code,' arguing that privacy must be defended by building cryptographic to...

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Timothy May wrote the Crypto Anarchist Manifesto in 1988

Timothy C. May, a former Intel physicist, authored 'The Crypto Anarchist Manifesto' around 1988, predicting that cryptography would let people transact and comm...

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PGP gave cypherpunks strong public encryption in 1991

Phil Zimmermann released Pretty Good Privacy (PGP) in 1991, bringing strong public-key encryption to ordinary users and becoming a cornerstone tool of the cyphe...

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Cypherpunks printed crypto on t-shirts to protest export limits

To protest U.S. export restrictions that treated strong cryptography as a munition, activists famously printed encryption algorithms like RSA on t-shirts, argui...

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Walmart cut mango traceback from 7 days to 2.2 seconds

In a 2018 pilot using IBM's Hyperledger Fabric-based Food Trust, Walmart cut the time to trace a package of mangoes back to its source farm from roughly 7 days...

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A $30 million Manhattan property was tokenised on Ethereum in 2018

In 2018, a stake in a roughly $30 million luxury condominium in Manhattan's East Village was tokenised on the Ethereum blockchain by firms Fluidity and Propellr...

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The DAO raised over $150 million in 2016 before being hacked

The DAO was an Ethereum-based venture fund governed by on-chain token-holder voting that raised more than $150 million in ether in 2016. A reentrancy exploit dr...

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Diplomas can be issued and verified as blockchain credentials

Institutions including MIT have issued digital diplomas anchored to a blockchain using the open Blockcerts standard, beginning around 2017. Graduates can share...

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There are nearly as many private keys as atoms in the universe

The number of possible 256-bit private keys (around 10^77) is on the same astronomical order as common estimates for the number of atoms in the observable unive...

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Brute-forcing a key takes longer than the universe's age

Even if every computer on Earth checked billions of keys per second, searching a meaningful fraction of the 2^256 keyspace would take vastly longer than the rou...

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Counting all keys would take more energy than a star produces

A famous cryptography result notes that merely incrementing a 256-bit counter through all its states, at the thermodynamic minimum energy per bit-flip, would re...

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The first Bitcoin ATM opened in Vancouver in 2013

The world's first Bitcoin ATM was installed at Waves Coffee House in Vancouver, Canada, on October 29, 2013. Built by Robocoin, it let customers exchange cash f...

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Hal Finney tweeted 'Running bitcoin' in 2009

Cryptographer Hal Finney posted 'Running bitcoin' on January 11, 2009, becoming one of the earliest public adopters. He was the first person besides Satoshi kno...

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Silk Road was the first major Bitcoin darknet market

Launched in 2011 and shut down by the FBI in 2013, Silk Road was an online marketplace that used Bitcoin for anonymous transactions. Its founder, Ross Ulbricht,...

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Blockstream Satellite beams the Bitcoin blockchain from orbit

Launched in 2017 by Blockstream, the Blockstream Satellite network broadcasts the Bitcoin blockchain to most of the planet over leased satellite bandwidth. It l...

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You can send messages to space over the Bitcoin satellite

Blockstream's satellite service includes an API that lets users broadcast arbitrary messages alongside blockchain data. Early users beamed greetings and other t...

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Virgin Galactic took Bitcoin for a spaceflight ticket

In November 2013, Richard Branson announced Virgin Galactic would accept Bitcoin for its suborbital spaceflights, and a flight attendant from Hawaii became the...

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A funded Bitcoin QR tattoo was drained within minutes

In promotional stunts, people have tattooed a funded Bitcoin QR code on their body and dared the public to scan and sweep it. Such loaded tattoos are typically...

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The Bitcoin whitepaper hid inside macOS for years

For years a PDF of the Bitcoin whitepaper was quietly bundled in macOS as a sample document for the Image Capture 'Virtual Scanner II' device. Users brought it...

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Casascius coins put real bitcoin in your hand

Starting in 2011, Mike Caldwell minted 'Casascius' physical coins and bars, each loaded with real bitcoin behind a private key hidden under a tamper-evident hol...

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Ordinals brought images and 'NFTs' directly onto Bitcoin

The Ordinals protocol, launched in January 2023 by Casey Rodarmor, lets users inscribe data such as images and text directly onto individual satoshis. It set of...

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A typo helped foil the Bangladesh Bank heist

In 2016 attackers used the SWIFT network to try to steal nearly $1 billion from Bangladesh Bank's account at the New York Fed. A misspelling of 'foundation' as...

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FTX's collapse left an estimated $8 billion shortfall

When the FTX exchange imploded in November 2022, customer funds had been misappropriated, leaving a shortfall estimated around $8 billion. Founder Sam Bankman-F...

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Telegram's TON raised $1.7 billion before being halted

Telegram raised about $1.7 billion in 2018 for its TON blockchain and Gram token in one of the largest token sales ever. The U.S. SEC sued, and in 2020 Telegram...

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CryptoPunk #5822 sold for 8,000 ETH

In February 2022, the alien-trait CryptoPunk #5822 sold for 8,000 ETH, roughly $23.7 million at the time, a record for a single CryptoPunk. CryptoPunks were ori...

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A 2009-mined 50 BTC wallet woke up after 14 years

In 2023, a wallet holding 50 BTC mined in 2009, during Bitcoin's first months, suddenly transferred its coins after sitting untouched for over a decade. Such 'S...

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The U.S. seized about 69,370 BTC from Silk Road

In November 2020, U.S. authorities seized roughly 69,370 BTC tied to the defunct Silk Road darknet marketplace, after the coins had sat dormant for years. It wa...

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The Parity freeze locked about 513,000 ETH forever

In November 2017, a user accidentally triggered a bug in Parity's multisignature wallet library and then self-destructed it, freezing roughly 513,000 ETH across...

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QuadrigaCX locked ~C$190 million after its CEO died

Canadian exchange QuadrigaCX collapsed in 2019 after founder Gerald Cotten died, allegedly taking sole knowledge of the cold-wallet keys. Around C$190 million i...

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Bored Ape Yacht Club minted at 0.08 ETH each

When Yuga Labs launched the 10,000-piece Bored Ape Yacht Club collection in April 2021, each ape minted for 0.08 ETH. Some individual apes later sold for millio...

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Sotheby's pulled a 104-CryptoPunk lot at the last minute

In 2021 and 2022, auction houses including Sotheby's and Christie's sold CryptoPunks and Bored Apes for millions, bringing NFTs into the traditional fine-art ma...

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The 2010 value-overflow bug created 184 billion bitcoin

On August 15, 2010, a transaction in block 74638 exploited an integer-overflow bug to create 184,467,440,737.09551616 BTC across two outputs, far exceeding the...

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A Cryptocurrency Fact Tool is a unique feature designed to present random, intriguing, and informative facts about the cryptocurrency industry. This tool offers a fun and educational way to learn more about digital assets, blockchain technology, and the evolving crypto landscape. By providing a variety of facts, it helps users stay informed and engaged with the latest developments and trends in the world of cryptocurrencies.