Binance Leads Celebrations for Bitcoin Pizza Day with $5M Referral Pool
Fifteen years after the historic Bitcoin pizza transaction, Binance and other exchanges are commemorating Bitcoin Pizza Day with massive giveaways. Binance’s $5 million referral pool, capped at $40 per pair, pays homage to Laszlo Hanyecz’s legendary $41 pizza purchase in 2010. The 10,000 BTC used for that transaction would now be worth over $1.11 billion at Bitcoin’s recent all-time high of $111,000.
Exchanges Celebrate Bitcoin Pizza Day with $10M Giveaways
Fifteen years after the first recorded bitcoin transaction—a programmer’s 10,000 BTC payment for two pizzas—exchanges are marking Bitcoin Pizza Day with unprecedented festivities. Binance spearheaded the celebrations, offering a $5 million referral pool capped at $40 per pair, a nod to Laszlo Hanyecz’s historic $41 pizza purchase in 2010. Those coins would now be worth $1.11 billion at Bitcoin’s recent all-time high of $111,000.
Hanyecz, the pioneer behind the transaction, remains philosophical about the valuation. ’It was exciting to get real pizza for bitcoin back then,’ he remarked. The anniversary has galvanized the crypto community, blending nostalgia with bullish sentiment as exchanges worldwide roll out promotions.
UK Court Rejects $13.3B BSV Claim Against Binance
The UK Court of Appeal has dismissed the core of a $13.3 billion class action against Binance, dealing a significant setback to Bitcoin SV investors. The claimants argued that BSV’s delisting in 2019 stifled its potential to rival Bitcoin’s market value.
Judges ruled the damages theory speculative, emphasizing investors’ obligation to mitigate losses through open-market sales. While the bulk of the claim was rejected, narrow claims from users who lost access or sold at depressed prices may still proceed.
The decision underscores judicial skepticism toward hypothetical valuation models in crypto litigation. Binance’s compliance with exchange policies prevailed over arguments about BSV’s unfulfilled price potential.
