Bitcoin news 2016

Here are some significant Bitcoin news stories from 2016:

January 2016

• Bitcoin's price drops to around $400, a 30% decline from its peak in November 2015.
• The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) issues guidance on the use of virtual currencies, including Bitcoin, for illegal activities.

February 2016

• The European Union's anti-money laundering (AML) directive is updated to include virtual currencies, requiring exchanges and other businesses to implement AML measures.
• The Bitcoin Foundation, a non-profit organization that promotes the use of Bitcoin, files for bankruptcy.

March 2016

• The Chinese government announces plans to regulate the use of Bitcoin and other virtual currencies, including the creation of a new regulatory body.
• The price of Bitcoin drops to around $350, a 12% decline from the previous month.

April 2016

• The US Securities and Exchange Commission (SEC) rejects an application by the Winklevoss twins to launch a Bitcoin ETF (exchange-traded fund).
• The price of Bitcoin drops to around $250, a 28% decline from the previous month.

May 2016

• The Chinese government bans initial coin offerings (ICOs), a type of crowdfunding that uses cryptocurrencies.
• The price of Bitcoin drops to around $200, a 20% decline from the previous month.

June 2016

• The European Central Bank (ECB) publishes a report on the potential risks and benefits of central bank-issued digital currencies.
• The price of Bitcoin drops to around $150, a 25% decline from the previous month.

July 2016

• The US Department of Justice (DOJ) seizes the domain name of the dark web marketplace AlphaBay, which was used to sell illegal goods and services, including drugs and weapons.
• The price of Bitcoin drops to around $100, a 33% decline from the previous month.

August 2016

• The Chinese government announces plans to shut down all domestic Bitcoin exchanges.
• The price of Bitcoin drops to around $50, a 50% decline from the previous month.

September 2016

• The Chinese government officially shuts down all domestic Bitcoin exchanges.
• The price of Bitcoin drops to around $30, a 40% decline from the previous month.

October 2016

• The US presidential election takes place, with Donald Trump winning the presidency.
• The price of Bitcoin drops to around $20, a 33% decline from the previous month.

November 2016

• The price of Bitcoin drops to around $10, a 50% decline from the previous month.
• The Chinese government announces plans to regulate the use of blockchain technology.

December 2016

• The price of Bitcoin drops to around $5, a 50% decline from the previous month.
• The US government announces plans to regulate the use of cryptocurrencies, including Bitcoin.

Overall, 2016 was a challenging year for Bitcoin, with the price dropping by over 70% from its peak in November 2015. The Chinese government's regulatory actions, the rejection of the Winklevoss twins' Bitcoin ETF application, and the decline of the dark web marketplace AlphaBay all contributed to the decline in the price of Bitcoin.