Bitcoin in 2014

A documentary film, The Rise and Rise of Bitcoin, was released in 2014, featuring interviews with bitcoin users, such as a computer programmer and a drug dealer.
  • January Elliptic Vault, the first bitcoin safe storage, opens in London. Bitcoin begins to oust euro in Ireland. More companies agree to accept bitcoin a payment for services. Zynga announced it was testing bitcoin for purchasing in-game assets in seven of its games. That same month, The D Las Vegas Casino Hotel and Golden Gate Hotel & Casino properties in downtown Las Vegas announced they would also begin accepting bitcoin, according to an article by USA Today. The article also stated the currency would be accepted in five locations, including the front desk and certain restaurants. The network rate exceeded 10 petahash/sec. TigerDirect and Overstock.com started accepting bitcoin.
  • January 24th BTC China renews sales.
  • January 28th Vice-president of the Bitcoin Foundation arrested under money laundering charges. As a result of the ensuing panic, bitcoin exchange rate decreased by 40 USD.

  • February One of the largest bitcoin exchanges, Mt.Gox, suspended withdrawals citing technical issues. By the end of the month, Mt. Gox had filed for bankruptcy protection in Japan amid reports that 744,000 bitcoins had been stolen. Months before the filing, the popularity of Mt. Gox had waned as users experienced difficulties withdrawing funds.
  • February 1st American newspaper The Chicago Sun-Times accepts payment in bitcoin for subscriptions.
  • February 10th-12th Problems with transactions in several big stock exchanges. Bitcoin price decreased to USD $600 (a historical 30% decrease).
  • June The network exceeded 100 petahash/sec.
  • June 18th Tt was announced that bitcoin payment service provider BitPay would become the new sponsor of St.Petersburg Bowl under a two-year deal, renamed the Bitcoin St. Petersburg Bowl. Bitcoin was to be accepted for ticket and concession sales at the game as part of the sponsorship, and the sponsorship itself was also paid for using bitcoin.
  • July Newegg and Dell started accepting bitcoin.
  • September TeraExchange, LLC, received approval from the U.S. Commodity Futures Trading Commission "CFTC" to begin listing an over-the-counter swap product based on the price of a bitcoin. The CFTC swap product approval marks the first time a U.S. regulatory agency approved a bitcoin financial product.
  • November 5th Buttercoin, a US venture-backed bitcoin exchange, is launched.
  • December Microsoft began to accept bitcoin to buy Xbox games and Windows software.
In 2014, several lighthearted songs celebrating bitcoin such as the Ode to Satoshi have been released.