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Tokyo-based MtGox filed for bankruptcy bitcoin exchanges for the first in looking for short-term returns.

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Based on a free market ideology, bitcoin was invented in by Satoshi Nakamoto, an unknown person. Use of bitcoin as a currency began in , with the. While Bitcoin was officially launched on. bitcoin price history.

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Miners who successfully find a new block can collect transaction fees from the included transactions and a set reward in bitcoins. The National Law Review. Retrieved 13 March