A cryptocurrency whale has just moved a ball-busting 44,000 BTC (worth more than $310 million) — and they paid a minuscule $0.32 in Bitcoin transaction fees to do so.
The hefty movement was detected by Twitter-based transaction monitor @whale_alert this afternoon. Bitcoin’s miners included it in block #605230 .
According to Blockchainom’s Bitcoin explorer, the fee paid was just 0.00004551 BTC ($0.32). This is incredibly low, especially when compared to large movements previously detected.
It’s even more impressive when you consider that whoever sent the Bitcoin had no need to request permission from any bank, financial regulator, or world government to send hundreds of millions of dollars worth of digital cash.
Unlike the traditional banking system, Bitcoin users are afforded the freedom to choose their own transaction fees.
Transactions with higher fees attached are generally processed quicker than those with smaller ones.
In July, one Bitcoin whale moved $450 million multiple times , paying roughly $400 in fees for each transaction.
As well, Hard Fork reported that another big player had shifted $1 billion worth of Bitcoin in September. They paid $700 in fees to the network.
Have the whales figured out they’ve been overpaying?
North Korea-linked hackers revive cryptocurrency scam to hijack macOS
Security researchers have reportedly uncovered another attack from a North Korea-linked hacking group. But on closer inspection it seems to be nothing more than a rehash of the group’s previous exploits.
According to research published yesterday, the hacking group, Lazarus, is now using fake cryptocurrency trading software, created by a similarly fake front company, Forbes reports .
It appears that hackers set up a front company called JMT Trading, and wrote an accompanying open-source cryptocurrency trading app. The code to which was hosted on GitHub. However, here’s where the originality ends.
In the code for the JMT Trading software is a piece of malicious code which, according to Mac security expert Patrick Wardle , gives hackers the “ability to remotely execute commands” on a victim’s device. It gives bad actors full control over the infected macOS system, giving attackers the ability to do anything they want, he added.
On closer inspection, JMT Trading is just a reapplication of Lazarus’ previous strategies in which it bundles nefarious code with legitimate looking apps .
Last year, Lazarus set up a fake trading platform and company called Celas , it was detected by security researchers at Kaspersky Labs. Research posted to Securelist, Kaspersky’s media outlet read:
You could say that Lazarus has zero creativity, seeing as it’s just recycling its old hacks, but on the other hand, it could be because its scams are working.
Research last year found the North korea-linked hacking group was the most profitable hacking syndicate in the world .
Want more Hard Fork? Join us in Amsterdam on October 15-17 to discuss blockchain and cryptocurrency with leading experts.
Satoshi Nakaboto: ‘You can now buy Bitcoin with cash at 20,000 7-Eleven, CVS, and Rite Aid stores’
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 Aristotle used to say: Fight the power!
Bitcoin price
We closed the day, June 23 2020, at a price of $9,629. That’s a minor 0.14 percent decline in 24 hours, or -$14.42. It was the lowest closing price in one day.
We’re still 52 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $177,310,052,079. It now commands 65 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $17,006,433,272 was the lowest in one day, 26 percent below last year’s average, and 77 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 298 tons of gold.
Bitcoin transactions
A total of 355,098 transactions were conducted yesterday, which is 11 percent above last year’s average and 21 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.63. That’s $3.28 below last year’s high of $3.91.
Bitcoin distribution by address
As of now, there are 13,494 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 14.4 percent, and the top 1000 34.9 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $178 billion, Comcast 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 $397,567 by now, according to dickline.info.
Bitcoin energy consumption
Bitcoin used an estimated 165 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 60 terawatt hour. That’s the equivalent of Algeria’s energy consumption or 5.6 million US households. Bitcoin’s energy consumption now represents 0.27% of the whole world’s electricity use.
Bitcoin on Twitter
Yesterday 34,373 fresh tweets about Bitcoin were sent out into the world. That’s 75.1 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’.
