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Top 10 Cryptocurrencies 2010 - 2021Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. The first bitcoin were transacted at a price of zero dollars, and reached an early peak in at 39 cents. By , interest in Bitcoin had grown and new. Bitcoin was created to undermine the bank-dominated financial system and to streamline capital market activities. It was "mined" via.