The world of Bitcoin was turned on its head in January when Mt. Gox, once the largest Bitcoin exchange, mysteriously ceased operations. By February, the company had filed for bankruptcy and claimed it had lost 850,000 Bitcoins (nearly $500 million at the time) and a little more than $27 million in cash. And that was only the first of two major firestorms for Bitcoin. In March, Newsweek reported it had discovered the identity of Satoshi Nakamoto, the mysterious creator of Bitcoin. Newsweek’s report was, and still is, highly disputed.
But those Bitcoin controversies haven’t hurt the crypto-currency in the long run. During 2014, several major companies started to accept Bitcoin, including Dish TV, Microsoft, and PayPal (kind of).