Table 2 Major Events in the Bitcoin Markets
From: Co-movement in crypto-currency markets: evidences from wavelet analysis
Time Period | Event | Reaction of Bitcoin Prices (after 10 days) | Nature |
|---|---|---|---|
August 1, 2015 | Mark Karpeles, CEO of now defunct Crypto-Exchange Mt. Gox., arrested in Japan in allegations of Financial Fraud. | $283.04 to $267.09 | Negative |
August 15,2015 | New Fork (software upgrade) named Bitcoin XT released | $267.34 to $214.3 | Negative |
September 28,2015 | Crypto currencies termed as a commodity by US regulating agency CTFC | $234.65 to $238.15 | Positive |
October 82,015 | New Crypto-exchange Gemini launched, with FIDC insurance | $248.45 to $268.01 | Positive |
October 22,2015 | EU Declares no VAT on Bitcoin | $273.82 to $318.43 | Positive |
October 31,2015 | Bitcoin article displayed on the front page of the “Economist” | $323.35 to $366.67 | Positive |
January 14,2016 | Developer Mike Hearn quits Bitcoin | $431.76 to $397.92 | Negative |
April 4, 2016 | New Decentralized market software OpenBazzar Launched | $420.61 to $426.68 | Positive |
July 92,016 | Bitcoin block rewards halved | $652.14 to $ 674.03 | Positive |
August 2, 2016 | Bitfinex hacked, $72 million lost | $594.86 to $591.36 | Negative |
November 92,016 | Donald Trump elected as US President | $726.36 to $749.1 | Positive |
March 10, 2017 | Winkelwos’ crypto-currency ETF application rejected by the SEC of USA | $1201.86 to $1037.85 | Negative |
April 1, 2017 | Japan declares Bitcoin as a legal tender | $1085.03 to $1215.69 | Positive |
August 1, 2017 | Bitcoin splits into Bitcoin Cash and Bitcoin | $2787.85 to $3383.89 | Positive |
September 3, 2017 | China bans ICO for crypto-currencies | $4668.5 to $4223.82 | Negative |
September 12,2017 | JP Morgan head calls Bitcoin a fraud | $4166.59 to $3807.07 | Negative |
October 25,2017 | New fork in Bitcoin, Bitcoin Gold launched | $5682.85 to $7261.41 | Positive |
October 31,2017 | CMIE announces Bitcoin futures | $6121.79 to $7255.21 | Positive |
November 82,017 | Proposed fork cancelled | $7143.47 to $7844.44 | Positive |
December 11,2017 | CBOE Bitcoin Futures are Launched | $14,594.78$ to $ 17,010.5 | Positive |