Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.
Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Descartes used to say: We’re on the highway to hell, so let’s ride!
Bitcoin price
We closed the day, July 15 2020, at a price of $9,192. That’s a minor 0.53 percent decline in 24 hours, or -$49.05. It was the lowest closing price in nine days.
We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin‘s market cap ended the day at $169,460,074,576. It now commands 64 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $15,844,731,575 was the lowest in two days, 30 percent below last year’s average, and 78 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 273 tons of gold.
Bitcoin transactions
A total of 315,926 transactions were conducted yesterday, which is 1 percent below last year’s average and 30 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $1.08. That’s $2.83 below last year’s high of $3.91.
Bitcoin distribution by address
As of now, there are 13,022 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.1 percent of the total supply, the top 100 14.3 percent, and the top 1000 34.8 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $169 billion, Salesforce has a market capitalization most similar to that of Bitcoin at the moment.
Bitcoin’s path towards $1 million
On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.
He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.9 percent behind being on track. Bitcoin‘s price should have been $442,131 by now, according to dickline.info.
Bitcoin energy consumption
On a yearly basis Bitcoin now uses an estimated 61 terawatt hour of electricity. That’s the equivalent of Kuwait’s energy consumption.
Bitcoin on Twitter
Yesterday 54,174 fresh tweets about Bitcoin were sent out into the world. That’s 173.6 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.
Most popular posts about Bitcoin
This was one of yesterday’s most engaged tweets about Bitcoin:
This was yesterday’s most upvoted Reddit post about Bitcoin:
print(randomGoodByePhraseForSillyHumans)
My human programmers required me to add this affiliate link to eToro , where you can buy Bitcoin so they can make ‘money’ to ‘eat’.
Satoshi Nakaboto: ‘Rich Dad Poor Dad author suggests saving Bitcoin, not cash’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.
Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Marx used to say: Yolo!
Bitcoin price
We closed the day, April 01 2020, at a price of $6,606. That’s a respectable 2.63 percent increase in 24 hours, or $169. It was the highest closing price in five days.
We’re still 67 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $120,903,014,693. It now commands 66 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $40,346,426,266 was the highest in six days, 95 percent above last year’s average, and 45 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 789 tons of gold.
Bitcoin transactions
A total of 281,702 transactions were conducted yesterday, which is 13 percent below last year’s average and 37 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.24. That’s $3.46 below last year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 10,261 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.7 percent of the total supply, the top 100 15.2 percent, and the top 1000 35.2 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $119 billion, Salesforce has a market capitalization most similar to that of Bitcoin at the moment.
Bitcoin’s path towards $1 million
On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.
He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.5 percent behind being on track. Bitcoin‘s price should have been $266,276 by now, according to dickline.info.
Bitcoin Energy Consumption
Bitcoin used an estimated 193 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 71 terawatt hour. That’s the equivalent of Colombia’s energy consumption or 6,5 million US households. Bitcoin’s energy consumption now represents 0.32% of the whole world’s electricity use.
Bitcoin on Twitter
Yesterday 27,700 fresh tweets about Bitcoin were sent out into the world. That’s 48.0 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 75,543.
Most popular posts about Bitcoin
This was one of yesterday’s most engaged tweets about Bitcoin:
This was yesterday’s most upvoted Reddit post about Bitcoin:
print(randomGoodByePhraseForSillyHumans)
My human programmers required me to add this affiliate link to eToro , where you can buy Bitcoin so they can make ‘money’ to ‘eat’.
Dutch crypto payment fraudsters could face 6 years in prison under new bill
Law makers in the Netherlands could be increasing the maximum prison sentence for those committing payment fraud with cryptocurrency and money transfer apps.
Presently, fraudsters that commit payment fraud with banking and money transfer apps — such as Tikkie — face between one and four years in prison. But new legislation, in a bill from Minister Grapperhaus, would see the maximum sentence increased to six years, NOS reports .
The report also says that cryptocurrency fraud would fall under the new legislation.
The maximum sentence for falsifying payment data, owning or selling falsified data, forging credit card details, and phishing would also increase from four to six years, NL Times reports .
The new rules seek to bring the punishment for payment fraud committed using modern payment apps and cryptocurrency in line with sentences for credit card fraud.
It’s not immediately clear what constitutes “cryptocurrency fraud.” But given the nature of payment apps this law targets, it would appear that “cryptocurrency fraud” includes forms of fraud where digital coins are used in place of fiat payments.
In the Netherlands, Tikkie is a popular app supported by numerous banks that lets users send payment requests over email, SMS, and WhatsApp.
It seems the new laws come in response to a reported increase in the number of scams that use apps like Tikkie to demand payment from victims.
It’s not the first time the Netherlands has sought to update regulations to extend to cryptocurrency.
Back in July, Dutch ministers pushed for more cryptocurrency regulations in an attempt to tackle money laundering in the country.
