Two Papa John's pizzas were the first real-world transaction involving cryptocurrency.

Bitcoin is typically cited as the first decentralized cryptocurrency. But some argue that back in the 1990s, eCash was technically the first cryptocurrency, although it wasn't decentralized.

Bitcoin, the most popular and well-known example of a cryptocurrency, came on the scene around 2010, with its evangelists proclaiming it would eventually displace government-backed traditional cash. While the concept of a digital currency may seem straightforward, the details can be deceptively simple. This quick video overview provides the foundation for a deeper dive into the world of decentralized currency.

Named after the ancient intercontinental trade network between China and the Roman Empire, the anonymous market was active from early 2011 to October 2013. Before it was shut down, approximately 10,000 products—70% of which were illegal and controlled prescription drugs—were bought and sold using the cryptocurrency.

Traditional money, dating back to its first known uses in ancient Babylonia, has many uses—it reduces friction in transactions by providing a common denominator of value (unit of account), acts as a single item accepted by many vendors (medium of exchange), and holds wealth as a store of value.

The chain paid the Russian space agency nearly $1M for the promotional stunt, which saw a Russian cosmonaut eat the pizza on video. Other unusual objects to make it to the International Space Station include a gorilla suit, an espresso machine, and several musical instruments.

Digital currencies based solely on misspellings of former President Joe Biden’s name have skyrocketed, and backers of a token based on a Shiba Inu wearing a hat raised $690K to get their logo on the Las Vegas Sphere.

While crypto feels new, it actually dates to 1983, with eCash's creation. However, a lot has happened in the crypto world over the past few years in particular—crypto's market cap surpassed $2T for the first time in 2021, for instance. A timeline of crypto's history details the events in between.

Bitcoin and other cryptocurrencies are used primarily as stores of value or speculative assets, and less likely to be used to purchase goods and services. Advocates for the currency say as an increasing number of retailers accept bitcoin, average holders will begin to treat the currency more like traditional money.

Jimmy Zhong performed a bitcoin heist—stealing more than 51,000 BTC from Silk Road in 2012. For years, he stayed under the radar, using crypto mixers to hide his tracks. But one small mistake in 2019 led investigators straight to him.

Have a fistful of Bitcoin? SpendMeNot provides a fascinating infographic that shows which companies currently accept the cryptocurrency. If you want to know where you can engage in Bitcoin transactions, this extensive resource directs you to the right merchants. Food, jewelry, banks, travel services and more are all represented here.

Have you ever wondered how bitcoin became, well, bitcoin? In this podcast episode, journalist PJ Vogt dives into what drove the bitcoin hype machine, explaining how it became the phenomenon it is today.

James Parker discovered a glitch in an Australian cryptocurrency exchange that would allow him to cash in credits worth over $20M and make big gifts to his friends. Like most loopholes, the authorities found out, but not before his life was transformed. The first in a six-part series.

Americans ate 3 billion of those, leading to sales that reached $43.3B, according to industry analysts at Gitnux. They estimated that Americans eat an average of 46 slices per person that year.

Cryptocurrency is poised to drastically change everything in the financial world, including financial arrangements. Decentralized finance makes it easier for virtually anyone to take advantage of financial markets without the need for a bank. However, there are new risks involved as well. Professor of Legal Studies and Business Ethics Kevin Werbach, an expert on Bitcoin and blockchains discusses it all in detail in The Conversation.

Bitcoin has not only been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, but has also become the de facto standard for cryptocurrencies. But it's not the only one. Here are some cryptocurrencies that have held on throughout steep price climbs and nosedives.

Driven in large part by speculation and intense social media attention during the pandemic, along with the availability of capital during near-zero interest rate periods, the price has seen at least three major crashes despite steadily increasing over the long run since 2014.

Bitcoin has gone through several boom and bust cycles. Those peaks and valleys sit on top of a steadily rising value, growing as the currency gains wider adoption. As of 2024, bitcoin’s total market value was over $1.3T, with more than 19.6 million coins in circulation. Still, the value fluctuates.

A pseudonym used by the person or group of people who created bitcoin—the first decentralized cryptocurrency—the real identity of Satoshi Nakamoto has baffled millions of enthusiasts for years.

Bitcoin is a popular cryptocurrency with a finite supply, and the issuance of new bitcoins is currently offered as a reward for verifying the transactions on the blockchain. Experts say the currency won't reach its limit until the year 2140, and miners may ultimately rely on transaction fees.

While some cryptocurrency advocates might argue that it's more difficult to counterfeit crypto than physical currency, some estimate that fake cryptocurrencies are losing crypto users at least $1.6B each year.

Pizza is a big deal in the US, and it has many proud regional iterations. From Chicago deep dish to New York thin crust, this video takes a slice out of US history to focus on this beloved entree. Begin with the documented first incidence of pizza in the US—believed to be by Gennaro Lombardi—and end with how old Pizza Huts are being converted around the country.

During the 2016 presidential elections, Comet Ping Pong Pizza became the subject of a conspiracy theory that the Clinton family used the space as a front for kidnapping and trafficking children. The hoax began on the message board 4chan after the public became aware that the shop's owner was a Democratic donor.

Pizza Hut teamed with YouTuber Eric Decker to create the massive, Guinness World Record-breaking pie. The 13,653-pound pizza was constructed at the Los Angeles Convention Center. It required 4,948 pounds of sauce, 8,800 pounds of cheese, and about 630,496 pepperoni slices.

Cryptocurrency's key feature is decentralization. Unlike traditional money, they generally aren't controlled by a single authority. As of early 2025, cryptocurrencies had a cumulative market cap of almost $3.4T, making them worth more than some of the world's most valuable companies, like Google and Amazon (both valued at roughly $2.3T).

As of this writing, the top three cryptocurrencies ranked by market cap are Bitcoin, Ethereum, and XRP, in that order. Dogecoin, the first-ever "memecoin," was created as a joke in 2013, and it's now the ninth-most valuable form of cryptocurrency in the world.

Gold is valued for its stability and reliability, serving as a hedge against inflation and economic uncertainty. Bitcoin shares both of these characteristics, but also provides near-instant liquidity and isn’t subject to government regulation.

Pizzeria Uno was the first establishment to sell the concoction, which turned more traditional pizza upside down, with cheese as the base and sauce as the topping. Soon, Uno employees went out on their own, sparking a citywide deep-dish phenomenon.

In 1950, some pizzerias were premaking pies, allowing customers to take them home and cook them at their convenience. That same year, Philadelphia's Joseph Bucci filed a patent for a "Method of Making Frozen Pizza." Soon, frozen pizzas were appearing in grocery store aisles.

The concept of cryptocurrency emerged more than a decade ago, with a famous whitepaper on bitcoin. To fully understand the rise of bitcoin, Bloomberg’s Matt Levine developed this comprehensive four-part series exploring the broader crypto and blockchain ecosystems, where they came from and how they work (subscription required).

PixelMap suddenly became popular as crypto enthusiasts looked to own a piece of NFT history. Its creator talks about its surprise success in this podcast.

Pizza was invented in Naples, though it wasn't particularly popular outside the region. As it grew more popular elsewhere—and as more American and European tourists visiting Italy began asking for it—restaurants across Italy adopted the cuisine. It's something anthropologist Agehananda Bharati calls "the pizza effect."

The food remains popular, but it has lagged behind the growth of other fast food spots like coffee shops and Mexican restaurants. It ranked sixth in US food sales from restaurant chains in 2024; it was in the second slot throughout the 1990s.

Some of the brightest minds at Andreesen-Horowitz, one of the country’s leading venture capital firms, believe the cryptocurrency ecosystem will revolutionize global finance in the coming decades. This podcast recounts, through their view, the history of crypto, how it works, and trends they see emerging in the future.

A team of archaeologists discovered a fresco from 79 CE featuring what appears to be a proto-pizza: a pita topped with fruit, spices, and other toppings. One archaeologist in the PBS documentary below calls it an "ancestor of modern pizza in the sense that it's a very simple, poor kind of food."

Theorists have long believed that sudden increases in pizza deliveries near the Pentagon signal a major event is about to occur. Historical examples include the CIA ordering 21 pizzas the day before the beginning of the Gulf War, and another surge of deliveries before former President Bill Clinton's impeachment hearings. Citizens have since begun monitoring food orders in the area. See a tracker of Pentagon pizza orders here.

The New York establishment opened in the early 1900s and was a cornerstone of Manhattan's SoHo. At one point, it was open 23 hours a day, allowing laborers of the predominantly Italian-American community to stop by for pies before or after work.

Every transaction made via bitcoin is recorded on its blockchain—the decentralized, distributed ledger that provides a permanent and transparent record of the currency's entire history. While that may sound abstract, the technology allows anyone to monitor and confirm each of the transactions.

Bitcoin, launched in 2009, is primarily a digital currency and store of value with a fixed supply. Ethereum, introduced in 2015, enables smart contracts and decentralized apps, offering more flexibility.

Filippo Milone established at least six pizzerias in New York, including one that would later be called Lombardi's, widely considered to be the city's (and the country's) first pizza establishment. Milone died in 1924, leaving no children to tell his story. Researcher Peter Regas unearthed a 1903 advertisement, pictured below, from an Italian-language New York newspaper.

A look at the biggest cryptocurrency heists, be they from an exchange, smart contract, or a business, including amounts, methods, reparations, and consequences.

A few historical facts about banking (like that one day, not long ago, certificates of deposit were physical pieces of paper) may not surprise you. But did you know that the church was the original lender? And that Julius Caesar himself invented foreclosure?

The untraceable cryptocurrency Monero is used in about 60% of transactions across more than 37 active marketplaces that sell copyrighted materials, private information, and phishing kits—tools that help bad actors more easily create fake sites to steal users' data—for financial fraud.

In this hourlong video, Andreessen Horowitz (a16z) General Partner Chris Dixon discusses "Crypto Networks and Why They Matter," giving an overview of the cryptocurrency space, the transformative implications of its technology, and the potential for cryptocurrency networks to lead a new wave of innovation.