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We have decided to start this year 2020 with this story to remember the events that were important for the cryptocurrency market during the previous 10 years and that were critical but also full of success.

buda, one of the Latin American exchanges sent us an interesting email about the retrospective of the past decade and we have decided to translate it for our community.

Here then there are the most important events mentioned in the email, and it is clear if you reach the end of this article you will have an additional bonus.

Pizza Day (May 2010)

This date is and will be recognized forever as a tremendous event for cryptocurrencies, because it was the first time, that there is a record, in which a person “external” to the Bitcoin fanatic cryptographer ecosystem, economically valued a bitcoin. Although not It was by far.

In fact, he exchanged two Papa John’s pizzas for 10,000 bitcoins, or $7.2 million at today’s price (about 0.2 cents per bitcoin :o). Pizza face.

1 BTC = 1 USD (February 2011)

The price of a bitcoin reaches for the first time the value of a US dollar.

And we greatly believe that at the end of this new decade the price of Bitcoin will exceed $500k, so we still have a lot of cloth to cut.

First “halving” (November 2012)

The prize for mining bitcoins was reduced by half for the first time, after the 210,000 block was resolved.

The reward that was originally 50 BTC was reduced to 25 BTC. In 2020 a new halving is coming. You have to be aware of what will happen with that event.

Hackeo a MTGox (febrero 2014)

MtGox stated that almost 750,000 bitcoins of its customers had been stolen. At that time, the total loss constituted 7% of the available bitcoins, for the equivalent of $ 473 million dollars. The most recognized hacking in the crypto world.

Ethereum Birth (July 2015)

Ethereum is a decentralized open source platform that allows the creation of smart contracts, supported on its own blockchain.

One of its creators, Vitalik Buterin, proposed this technology in order to decentralize computer programs and applications.

Particularly we have to tell the truth! Ethereum continues to be better than Bitcoin in terms of expansion and scalability.

SegWit and Lightning Network (August 2017)

Another very important milestone was the update to the Bitcoin protocol, where SegWit was incorporated, a functionality that is very technical, but which in practice had two implications: the space occupied by Bitcoin transactions in a block decreased; and led to the construction of the Lightning Network protocol on Bitcoin.

We believe that Lightning Network is the software layer that will allow Bitcoin to be used for daily payments, because the transactions are instantaneous and practically free.

We believe that at the end of this new decade Bitcoin transactions may be similar to Ethereum transactions. That is instantaneous.

All-time-high (December 2017)

An ATH is the highest price in the history of an asset, and in the case of Bitcoin it happened almost for Christmas of 2017, where the price touched the $20,000 dollars.

While 75% later collapsed, then recovering to where it is today ($7,300), it did attract worldwide attention. Since then, there have been countless traditional financial companies that have decided to join this revolution, such as Fidelity and Intercontinental Exchange (the company behind the New York Stock Exchange, “NYSE”).

By that same time the futures market was being tested by the CME and the CBOE. Where we know that 80% of the correction after the last discharge were the notable losses of the CBOE, who really gave up the game.

Now (2019–2020) the game was between the Bakkt, CME and other financial institutions.

Binance Beat Bittrex (Bonus 2017–2018)

Long before the emergence of Binance, many traders were using the Bittrex platform. But after the launch of the ICO in 2017, Binance did not stop growing and consolidated and continues to consolidate as the favorite exchange for everyone in the world.

What made many traders leave the Bittrex platform was basically the fact that Binance offered the innovation of being able to pay trading fees with the native cryptocurrency Binance Chain or Binance Coin.

That method was so innovative that many exchanges immediately created their own native cryptocurrency.

Now the fight continues (2019–2020) between Bitmex and Bybit. We already see that many traders who like the futures market a few are migrating from Bitmex to Bybit and mainly due to the problem of Bitmex platform overload when there are high demands for buying and selling.

The Most Annoying News Of All (2019)

The most recent milestone is the launch of the Libra Facebook project, seeking to introduce a cryptocurrency into the social network with more users in the world.

This project was quickly hampered, after regulators and politicians around the world announced that this digital currency could pose a threat to the financial system, could also be used to launder money or for terrorist purposes.

The project is almost frozen pending the approval of US and EU regulators. We will have to wait until then. (Several companies that initially supported and supported the project, such as PayPal, have already been downloaded).

For us it really was the worst and most annoying! xD.

Rubika Ventures Born

We have to be proud because the idea of generating a new and innovative community to serve a high demand market was born in 2019.

And for the next decade we promise to be humble and provide a trading service, educational content and quality service.

Uptrennd And Publish0x Born

We will no longer hide our little secret. The birth of Uptrennd as an alternative platform to Reddit has really helped us to find people interested in consuming our services. Thank you very much from the heart.

We also want to thank the ingenious idea of having created the Publish0x platform as an alternative to Medium. Thanks to her we were able to achieve high positioning within google in just 3 months of work.

What surprises us most is the immense affection of the community to reach the point where all our publications, and with exceptions, of course, always remain on the main page, which allows more people to visualize our work.

Enjin is Enjin (2017–20…)

Of all the blockchain projects on the market, the one we will always highlight will be Enjin. That because of the fact that having plated an immediate solution to the problem of the centralization of the video game industry, which as we know moves more than $ 3 trillion dollars per year.

He was much more surprised at his seriousness as Startup, having launched his own marketplace, a quick and effective solution for buying and selling game itens.

We love Enjin 💙!

A Look To The Future!

We understand very well that the past and the future do not exist, that only the now exists. But we recognize that there are many projects that will come and that will make the cryptocurrency market grow, which currently only represents 1% of all financial markets.

With that, we just want to extend the invitation for us to build a new decade in this market with many successes and good profits.

Let’s go together! With love 💛 Rubika Ventures Team!

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