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 Machiavelli used to say: Yolo!
Bitcoin price
We closed the day, March 04 2020, at a price of $8,755. That’s a minor 0.37 percent decline in 24 hours, or -$33.29. It was the lowest closing price in two days.
We’re still 56 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $159,807,857,328. It now commands 64 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $34,746,706,368 was the lowest in twenty-five days, 80 percent above last year’s average, and 31 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 657 tons of gold.
Bitcoin transactions
A total of 358,578 transactions were conducted yesterday, which is 10 percent above last year’s average and 20 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.26. That’s $3.45 below last year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 12,881 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 14.9 percent, and the top 1000 34.7 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $159 Billion, Boeing 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 96.2 percent behind being on track. Bitcoin‘s price should have been $232,598 by now, according to dickline.info.
Bitcoin Energy Consumption
Bitcoin used an estimated 213,101,865 kilowatt hour of electricity yesterday. On a yearly basis that would amount to 77.78 terawatt hour. That’s the equivalent of Chile’s energy consumption or 7,202,054 US households. Bitcoin’s energy consumption now represents 0.35% of the whole world’s electricity use.
Bitcoin on Twitter
Yesterday 27,221 fresh tweets about Bitcoin were sent out into the world. That’s 47.2 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’.
Satoshi Nakaboto: ‘Affordable, solar-powered Bitcoin node kit launches in Africa’
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 Satoshi Nakamoto used to say: Let’s get this bread!
Bitcoin price
We closed the day, June 16 2020, at a price of $9,538. That’s a minor 0.88 percent increase in 24 hours, or $83. It was the highest closing price in five days.
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 $175,563,963,385. It now commands 66 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $21,565,537,209 was the lowest in one day, 6 percent below last year’s average, and 70 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 389 tons of gold.
Bitcoin transactions
A total of 340,367 transactions were conducted yesterday, which is 6 percent above last year’s average and 24 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.80. That’s $3.11 below last year’s high of $3.91.
Bitcoin distribution by address
As of now, there are 13,383 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.2 percent of the total supply, the top 100 14.7 percent, and the top 1000 35 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $176 billion, Toyota 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 $384,351 by now, according to dickline.info.
Bitcoin energy consumption
Bitcoin used an estimated 163 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 59 terawatt hour. That’s the equivalent of Greece’s energy consumption or 5.5 million US households. Bitcoin’s energy consumption now represents 0.27% of the whole world’s electricity use.
Bitcoin on Twitter
Yesterday 28,992 fresh tweets about Bitcoin were sent out into the world. That’s 48.8 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’.
Singapore tightens AML restrictions on cryptocurrency companies
Cryptocurrency businesses operating in Singapore will need to register and be licensed to continue serving customers in the country .
The Monetary Authority of Singapore (MAS) said on Tuesday that the Payment Services Act will now be enforced.
First passed in January last year, the act gives the regulator supervisory authority over all payment businesses in the country .
Companies now have a month to register with MAS. Once they do so, businesses will have six months to apply for a payment institution license .
“ Services that MAS will now be regulating are domestic money transfers , merchant acquisition, and digital payment token services ,”said Mr Ong Ye Kung, m inister for e ducation , in a speech last year .
“We will be among the first few financial services regulators in the world to introduce a regulatory framework for digital payment token services , or what is commonly understood as cryptocurrency dealing or exchange services ,” they added.
Back in October 2018, the regulator revealed that it would help local cryptocurrency companies get traditional bank accounts .
Singapore is known for its expanding fintech ecosystem with blockchain technology playing a significant part in that.
Earlier this year, a report found that blockchain development was the fastest-growing skill in Singapore .
In November 2018, the Singapore government said it would provide seed funding for companies to develop a blockchain platform to connect all industry stakeholders.
