Cryptocurrency bitcoin marks 10 years

October 31, 2008 marked the birth of bitcoin. Ten years on, the world's first cryptocurrency is at the forefront of…

October 31, 2008 marked the birth of bitcoin. Ten years on, the world’s first cryptocurrency is at the forefront of a complex financial system viewed warily by markets and investors.

From its first evocation amid a global financial crisis, in a white paper written by Satoshi Nakamoto, an unknown pseudonym, bitcoin conveyed a political vision.

The “abstract” set out in the paper for bitcoin, currently worth about $6,400 per unit from a starting point of virtually zero, was for “a purely peer-to-peer version of electronic cash (that) would allow online payments to be sent directly from one party to another without going through a financial institution.”

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