2008 Stock Market Crash, Satoshi Nakamoto, and Birth of Bitcoin
2007-2008: Prelude to the Financial Crisis 2007: Early signs of trouble in the US housing market as subprime mortgage defaults rise. Satoshi Nakamoto begins conceptualizing Bitcoin during this period, possibly influenced by the emerging financial instability. 2008: Financial Crisis and the Birth of Bitcoin March 2008 : Bear Stearns collapses and is acquired by JPMorgan Chase with Federal Reserve backing. August 18, 2008 : The domain name bitcoin.org is registered anonymously. September 15, 2008 : Lehman Brothers files for bankruptcy, marking a significant escalation in the global financial crisis. September 16, 2008 : The US government bails out AIG with an $85 billion loan to prevent further financial collapse. October 3, 2008 : The Emergency Economic Stabilization Act of 2008 is signed into law, creating the $700 billion Troubled Asset Relief Program (TARP) to purchase toxic assets from banks. October 31, 2008 : Amid the financial turmoil, Satoshi Nakamoto publishes the Bitcoin whit...