Crypto Women Dailies | 2010 July 18 – First Bitcoin Trade on Mt.Gox for 5 Cents per BTC

On July 18, 2010, Mt. Gox was launched by Jed McCaleb, after reading about bitcoin on Slashdot. Realizing that the bitcoin community needed an exchange for trading bitcoin & fiat currencies, he launched the Mt. Gox exchange & price quoting service, deploying it on a domain he already owned and previously attempted to use to build an online service for “Magic: The Gathering” online game cards, calling his website, Magic: The Gathering Online Exchange (using the initials, “Mt.Gox”)

On July 18, Mt. Gox executed its first Bitcoin trade with a 20 BTC order between two parties. The total value of the transaction was only $0.99. Establishing Bitcoin’s trading price at $0.04951.

BTC Price: $0.04951

This was the first time Bitcoin surpassed 1 penny in valuation.

Art details: Original digital hand painted motion art portrait (NOT Computer Generated.) The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.9 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

Watch the Video to see the token in action: