Cryptocurrencies |Report

Timeline 2018: tracking bitcoin, blockchain, and cryptocurrencies

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Blake Robertson

"What about the article seems biased? ..."
Linh Nguyen

Linh Nguyen

"Yes you're right Maximilian, I shall ..."

Maximilian Schmiedel

"Could we please add dates to the even..."

Ingrid Strauch

"In Wikipedia, you find a compilation ..."

Bitcoin, blockchain, and cryptocurrencies in general are likely to be even more significant in 2018 after surging in prominence, value and importance over the past year.

Proponents see blockchain as the future of security. They see bitcoin and its like as a revolution in storing  value. Others see a bubble in the making. Either way, we’re determined to track the subject – several of our most popular stories last year were about cryptocurrencies. Help us build this timeline of the major or most intriguing developments in bitcoin, blockchain, and cryptocurrencies.

We encourage you to TALK about or EDIT it.


  • 17The New York Times reported that political data firm Cambridge Analytica had a cryptocurrency in the works before it was revealed that it misused up to 87 million Facebook profiles. The plan, which included launching an ICO and promoting its virtual token, was designed to enable people to sell their personal data and profit from doing so. The revelation came from former Cambridge Analytica employee Brittany Kaiser who was in charge of the coin offerings business. The company’s cryptocurrency team also worked with Dragon Coin, a cryptocurrency used by gamblers in Macau which is believed to be partly sponsored by “Broken Tooth,” a leader of the 14k criminal triad (South China Morning Post) in Hong Kong, as shown by documents obtained by the New York Times.
  • 9 – Carrefour SA, a France-based grocery chain, is using blockchain technology to give buyers insight into the life of its chickens. According to Bloomberg, all you need to do is scan the label of a chicken with your smartphone to learn where the bird came from or whether it ate healthy grain. The initiative is part of a broader industry trend in improving food safety by making it more transparent.


  • 26 – The Verge reported that Twitter will start banning cryptocurrency-related ads starting from tomorrow (March 27). This follows bans by Google and Facebook. Twitter says the ban is to “ensure the safety of [its] community” by discouraging opportunities for fraud and deception.
  • 22 – The Financial Times reported some of the world’s best-known economists – including Nobel Prize-winning Myron Scholes and Chairman of JPMorgan Chase International, Jacob Frenkel – are planning to create the academic’s cryptocurrency. Known as Saga, it aims to position itself as a more acceptable cryptocurrency for the financial and political establishment.
  • 21 – Google is working on its own blockchain-related technology to support its cloud business. It wants to offer a distinct service from its cloud rivals, according to Bloomberg , which interviewed sources familiar with the situation. There is no official announcement yet. Google’s parent company, Alphabet Inc., has invested in various blockchain start-ups.
  • 19 – President Donald J. Trump imposed fresh sanctions on Venezuela by restricting the use of its cryptocurrency, the petro, in U.S financial transactions. The petro was launched to aid Venezuela’s troubled economy, which has been crippled by international sanctions and hyperinflation.
  • 14 – Google announced in a blog post it will be banning all cryptocurrency-related adverts – including for bitcoin, trading advice, and initial coin offerings (ICOs) – starting from June. It did not give an explanation why. According to the BBC, the value of bitcoin, ethereum, and ripple all dipped after the news was received at around 04:00 GMT.


  • 28 – The Marshall Islands is taking steps to launch the world’s first legal tender cryptocurrency, which will have equal status as the U.S. dollar. The nation partnered with Israeli company Neema to launch the new Sovereign (SOV) cryptocurrency, capped at 24 million.
  • 18 – The New York Times reported how the risk of physical attacks on cryptocurrency holders has increased since prices shot up last year. From Thailand to Ukraine to New York City, thieves are now threatening real violence – such as holding people captive – in exchange for cryptocurrencies. One man in New York City was held captive until a friend transferred over $1.8 million in the virtual currency ether for his release. And because cryptocurrency transactions are anonymous, police find it hard to track and verify accounts.
  • 9 – Gibraltar will be the first place in the world to regulate initial coin offerings – the method by which crypto startups raise funds by selling tokens. Gibraltar’s government and Gibraltar Financial Services Commission said that in coming weeks lawmakers will discuss how tokens connected to the UK overseas territory are regulated and promoted.
  • 6 – The value of Bitcoin dropped even lower to below $6000 and CNBC reported that $550 billion of the cryptocurrency market has been wiped out in just under a month.
  • 5 – Bitcoin is at its lowest value since it peaked in November, crashing 40 percent (Financial Times) and dropping below $6000. Over $60 billion of the cryptocurrency market was wiped out in 24 hours on 4-5 February (CNBC). In recent weeks, the market has seen tougher regulations worldwide from China, India, and the UK.
  • 5 – Lloyds Banking Group, a UK commercial and retail bank, has banned Lloyds Bank, Halifax, Bank of Scotland, and MBNA customers from buying cryptocurrencies on their credit cards. However, the ban does not apply to debit cards. Lloyds’ decision comes after falling prices in the value of cryptocurrencies, which prompted concerns over unpaid debts.
  • 1 – As Sweden’s Central Bank, the Riksbank, is planning to launch its national cryptocurrency called the E-Krona, it has launched a project which “aims to investigate the legal and technical conditions for the Riksbank to be able to issue an E-krona.” The decision on whether the bank will issue an E-krona will be taken after the end of the project, probably in 2019.


  • 30 – Social media giant Facebook announced a new policy banning ads involving initial coin offerings and cryptocurrencies. Rob Leathern, its product management director, wrote in a blog post that the “policy is part of an ongoing effort to improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.”
  • 29 – Coincheck, one of Japan’s biggest cryptocurrency exchanges, has lost $534m in the largest cyber heist ever. The exchange stopped trading all cryptocurrencies except bitcoin on Friday after $534m NEM coins, a lesser-known currency, were stolen. CNN reported that Coincheck promised to partially fund some of the investors affected by the loss, though it’s unclear when and how. Japan’s Financial Services Agency plans to take administrative actions against the hack. The second largest hack was in 2014, when Tokyo-based exchange Mt.Gox, which once handled 80 percent of the world’s bitcoin trade, had $400m stolen from its network.
  • 25 – Johann Schneider-Ammann, Switzerland’s economics minister, said that the rich Alpine country wants “to be the crypto-nation,” the Financial Times reported. According to PwC, four of the ten companies with the biggest initial coin offerings – when crypto startups raise funds by selling tokens – are based in Switzerland.
  • 15 – Maurice Obstfeld, Chief Economist of the International Monetary Fund (IMF), said in Davos that the IMF considered that the concept of blockchain ledgers may have value. Answering a question about the potential impact of bitcoin turbulence on IMF forecasts, Obstfeld said: “We don’t like to comment on specific cryptocurrencies (but) on blockchain technology in general we see possible advantages in terms of efficiency of payment systems and inclusion … We also see cryptocurrencies could also offer risks and it’s important for regulators to be watching carefully.”
  • 17 – Bitcoin’s value dropped 50 percent to below $10,000, a massive blow to the crypto-community after touching almost $20,000 at the end of 2017 (The Verge). Following the plunge, Reddit’s cryptocurrency page posted a link to the U.S. national suicide hotline, saying that: “The hardest hit people are one of the following: Newcomers, Margin Traders, or Day-Traders (and those in Bitconnect [exchange platform]).”
  • 16 – Bitconnect, the bitcoin lending and exchange platform which has long been accused of running a Ponzi scheme, announced that it is shutting down. It said in a statement that the shutdown was in part due to continuous “bad press,” and that while it will close for lending and exchange, it will continue to operate for “wallet service, news and educational purposes.”
  • 16 – France’s finance minister Bruno Le Maire said that the country is creating a group to study cryptocurrencies while proposing guidelines for regulations, as reported by Le Maire has appointed Jean-Pierre Landau, a former deputy governor of the Banque de France, to lead the group.
  • 15 Bloomberg reported that China is “escalating” a crackdown of cryptocurrencies by targeting “exchange-like services” including online platforms and mobile apps. Despite banning cryptocurrency exchanges last year, Chinese authorities have noticed a rise in activity on alternative platforms. China was one of the most active markets for bitcoin, but since Beijing’s crackdown the cryptocurrency has seen a large drop in value.
  • 15 – Joachim Wuermeling, a member of the board of Germany’s Bundesbank, said that attempts to regulate bitcoin must be through international cooperation as it’s hard to enforce national or regional regulations on a currency that exists through a borderless, virtual community.
  • 11 – The price of bitcoin plummeted after South Korea’s government said it plans to ban cryptocurrency trading. Seoul’s justice minister said that bitcoin was causing the government “great concern.” Its law enforcement agencies are also raiding local cryptocurrency exchanges to look into tax evasion, including two of the nation’s largest: Bithumb and Coinone.
  • 9 – Photo company Eastman Kodak is launching its own cryptocurrency called KodakCoin, resulting in its shares soaring to nearly 120 percent. KodakCoin is part of a blockchain-based plan to help photographers own image rights and receive payments.
  • 9 – JPMorgan Chase CEO Jamie Dimon told Fox Business he “regrets” calling bitcoin a “fraud”.  Last September he branded it a fraud adding that “the currency isn’t going to work.” Larry Fink, another high-profile executive, at BlackRock, likened the demand for bitcoin to the “demand for money laundering.” (Financial Times)
  • 8 – The popular messaging app Telegram plans to launch its own blockchain platform and cryptocurrency, according to Tech Crunch. Anton Rozenberg, a former employee of Telegram’s publishing division, Telegraph, posted a video on Facebook promoting Telegram’s new blockchain platform, called “Telegram Open Network.” (TON)
    • Telegram recently came under fire during protests in Iran. (Read more: our analysis)
  • 2 – Egypt’s Grand Mufti Shawki Allam – the highest official of religious law – declared trading on bitcoin as “forbidden” in Islam. In a strongly worded fatwa (religious edict), Allam said the cryptocurrency risks “fraudulence, lack of knowledge, and cheating”.
  • 2The Wall Street Journal reported that Peter Thiel’s Founders Fund bought around $15-to-$20 million of dollars in Bitcoin. The report did not confirm whether the fund sold any of its holdings. 
    • Thiel is known for co-founding PayPal and being an early investor in Facebook. 
  • Read more: Why digital money is here to stay by WikiTribune community member Miguel A. Torres.

This story is part of WikiProject: Cryptocurrencies and Distributed Ledgers. For more like these, or to improve our coverage, please go there.

Sources & References

Financial Times 22 March 2018

“Economists promote low-volatility reserve-backed cryptocurrency”

Started by

United Kingdom
Linh is a staff journalist at WikiTribune with a background in the humanities. She covers the Middle East, Asia, conflict and technology. Though based in London, she has freelanced across Asia, the UK and U.S.

History for stories "Timeline 2018: tracking bitcoin, blockchain, and cryptocurrencies"

Select two items to compare revisions

18 April 2018

13:11:47, 18 Apr 2018 . .‎ Ed Upright (Updated → updated with CA and chickens)
11:47:17, 18 Apr 2018 . .‎ Linh Nguyen (Updated → updated story)

29 March 2018

16:11:26, 29 Mar 2018 . .‎ Linh Nguyen (Updated → accepted edits to academic crypto)

28 March 2018

13:13:50, 28 Mar 2018 . .‎ Henry Harimgton (Updated → Economists promote low-volatility reserve-backed cryptocurrency)
13:10:36, 28 Mar 2018 . .‎ Henry Harimgton (Updated → Plans for an"academic" cryptocurrency from leading economists.)

27 March 2018

14:31:25, 27 Mar 2018 . .‎ Angela Long (Updated → this version)
14:30:51, 27 Mar 2018 . .‎ Angela Long (Updated → March 21 and 26 added)
14:20:56, 27 Mar 2018 . .‎ Angela Long (Updated → tweak)
13:39:39, 27 Mar 2018 . .‎ Linh Nguyen (Updated → added google and Twitter)

19 March 2018

17:35:44, 19 Mar 2018 . .‎ Linh Nguyen (Updated → updated with US sanctions and approved edits)
12:31:13, 19 Mar 2018 . .‎ Ingrid Strauch (Updated → added Sweden e-krona project)

14 March 2018

12:08:10, 14 Mar 2018 . .‎ Ed Upright (Updated → Google advert ban update)
11:57:15, 14 Mar 2018 . .‎ Linh Nguyen (Updated → added google banning ads)
08:19:08, 14 Mar 2018 . .‎ Linh Nguyen (Updated → approved edits.)

08 March 2018

18:26:10, 08 Mar 2018 . .‎ Ingrid Strauch (Updated → SOV: "coindesk" as source.)
18:00:23, 08 Mar 2018 . .‎ Ingrid Strauch (Updated → added SOV (Marshall Islands))

19 February 2018

12:08:32, 19 Feb 2018 . .‎ Ed Upright (Updated → update and new date format)
11:11:58, 19 Feb 2018 . .‎ Linh Nguyen (Updated → update)

09 February 2018

14:27:16, 09 Feb 2018 . .‎ Ed Upright (Updated → update)
14:24:28, 09 Feb 2018 . .‎ Linh Nguyen (Updated → update)

06 February 2018

11:42:30, 06 Feb 2018 . .‎ Linh Nguyen (Updated → update)

05 February 2018

15:19:29, 05 Feb 2018 . .‎ Ed Upright (Updated → update)
15:06:50, 05 Feb 2018 . .‎ Linh Nguyen (Updated → tweak)
15:05:48, 05 Feb 2018 . .‎ Linh Nguyen (Updated → update)
11:00:38, 05 Feb 2018 . .‎ Ed Upright (Updated → update)
10:58:44, 05 Feb 2018 . .‎ Linh Nguyen (Updated → added Lloyds banning bitcoin)

31 January 2018

10:53:14, 31 Jan 2018 . .‎ Ed Upright (Updated → addition)
10:34:57, 31 Jan 2018 . .‎ Linh Nguyen (Updated → update)
00:33:39, 31 Jan 2018 . .‎ Billy Abbott (Updated → Missing a million...)

29 January 2018

11:16:43, 29 Jan 2018 . .‎ Ed Upright (Updated → update)
10:55:05, 29 Jan 2018 . .‎ Linh Nguyen (Updated → update)

25 January 2018

15:59:04, 25 Jan 2018 . .‎ Ed Upright (Updated → space)
15:58:35, 25 Jan 2018 . .‎ Ed Upright (Updated → update)
15:38:06, 25 Jan 2018 . .‎ Linh Nguyen (Updated → update)

22 January 2018

15:15:21, 22 Jan 2018 . .‎ Peter Bale (Updated → Adding Davos IMF remark)

17 January 2018

18:12:55, 17 Jan 2018 . .‎ Ed Upright (Updated → bitconnect added)
18:04:21, 17 Jan 2018 . .‎ Linh Nguyen (Updated → update)
17:33:39, 17 Jan 2018 . .‎ Ed Upright (Updated → definition added)
17:29:40, 17 Jan 2018 . .‎ Ed Upright (Updated → update)
17:17:24, 17 Jan 2018 . .‎ Linh Nguyen (Updated → update)

16 January 2018

11:56:28, 16 Jan 2018 . .‎ Ed Upright (Updated → updates)
11:21:42, 16 Jan 2018 . .‎ Linh Nguyen (Updated → update)

11 January 2018

11:43:46, 11 Jan 2018 . .‎ Linh Nguyen (Updated → update)
11:18:20, 11 Jan 2018 . .‎ Ed Upright (Updated → South Korea update)
10:45:04, 11 Jan 2018 . .‎ Linh Nguyen (Updated → update)

10 January 2018

10:50:35, 10 Jan 2018 . .‎ Ed Upright (Updated → update)
10:31:00, 10 Jan 2018 . .‎ Linh Nguyen (Updated → update)

09 January 2018

17:31:38, 09 Jan 2018 . .‎ Linh Nguyen (Updated → removed extra highlight)
17:19:22, 09 Jan 2018 . .‎ Peter Bale (Updated → Updated with Linh and Pedro)
14:44:04, 09 Jan 2018 . .‎ Ed Upright (Updated → Updates)

Talk for Story "Timeline 2018: tracking bitcoin, blockchain, and cryptocurrencies"

Talk about this Story

  1. Rewrite

    Could we please add dates to the events within the months? Especially when we are talking about specific evaluations the date makes a lot of sense, thank you.

    1. Rewrite

      Yes you’re right Maximilian, I shall do that.

  2. Other

    In Wikipedia, you find a compilation of infos concerning the legal status of bitcoin by country or territory:

  3. Rewrite

    Do offer a view on the bad side of Cryptocurrency mining

  4. Rewrite

    This seems a very pro crypto currency article. We have others elsewhere that both point the environmental problem of excessive electricity use, their role in the enabling of crime and also the view that they are Ponzi schemes with nothing behind them.

    1. Rewrite

      What about the article seems biased? To me eyes, it seems to use pretty neutral language and includes information about both positive and negative events.

      To your comments about some of the problems around cryptocurrencies: I don’t think a timeline of major events around cryptocurrencies seems like the right place for reporting on benefits and drawbacks of their use in general. However, I do agree that it would be a really interesting article.

    2. Rewrite

      Expanding on this topic is a good idea since education is the main thing lacking in Blockchain technology world.

    3. Rewrite

      Jonathan, we will cover all elements. There is a high level of known interesting in the subject among our community.

    4. Rewrite

      Hi Jonathan, this is just the early stages of a stub, please feel free to contribute and add to the story.

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