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January 3, 2009Origins & cultureLaunches & foundingsdocumented

The genesis block is mined

Satoshi Nakamoto created Bitcoin’s first block and embedded a newspaper headline in its coinbase data.

Block 0 began the chain and created a 50 BTC subsidy that cannot be spent under the original client’s handling of the genesis block. Its text references The Times headline about a second bank bailout, providing a public timestamp and enduring historical context.