As Bitcoin continued its early stages of development, the largest exchange at the time was on its way to ruin.
Welcome to History of Crypto, a Cointelegraph series that brings readers back to the most significant events in the crypto space. Powered by Phemex, the timeline allows crypto community members to explore and look back at the important events that shaped the industry into what it is today.
This article explores the pivotal period from 2013 to 2015 in the cryptocurrency world — a time of significant advancements and notable challenges. During this period, the increasing mainstream adoption of Bitcoin (BTC) marked a critical shift toward recognizing digital currencies. However, this era also witnessed the dramatic fall of Mt. Gox, underscoring the risks and volatility in the burgeoning crypto market.
This epoch also saw the emergence of the first memecoin and the first nonfungible token (NFT), innovations that expanded the crypto landscape’s creativity and functionality.
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Source: https://cointelegraph.com/news/mt-gox-collapse-ethereum-beginning-crypto-exchanges-launch