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 Sloterdijk used to say: Let’s add the milk of data to the cereal of understanding!

Bitcoin price

We closed the day, January 27 2020, at a price of $8,909. That’s a respectable 3.63 percent increase in 24 hours, or $312. It was the highest closing price in eight days.

We’re still 55 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $162,027,957,435. It now commands 67 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $28,647,338,393 was the highest in seven days, 64 percent above last year’s average, and 36 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 564 tons of gold.

Bitcoin transactions

A total of 279,111 transactions were conducted yesterday, which is 14 percent below last year’s average and 38 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.25. That’s $3.46 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 12,975 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 15.1 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $162 billion, SAP 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 95.4 percent behind being on track. Bitcoin‘s price should have been $194,538 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 18,223 fresh tweets about Bitcoin were sent out into the world. That’s 0.2 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 41,687.

Most popular posts about Bitcoin

This was one of last day’s most engaged tweets about Bitcoin:

This was yesterday’s most upvoted Reddit post about Bitcoin:

And this was yesterday’s top submission on Hacker News about Bitcoin:

Bitcoin Gold hit by 51% attacks, $72K in cryptocurrency double-spent (thenextwebom)

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’.

The UN is accusing North Korea of laundering money through a blockchain firm

North Korea has reportedly used a blockchain -focused shell company in Hong Kong to launder money.

English speaking Korean news outlet Chosun reports that the United Nations’ (UN)  Security Council Sanctions Committee has been prompted to investigate the situation.

According to a quarterly report from the UN committee, North Korea set up a “shipping and logistics firm run on a blockchain platform” earlier this year to evade international sanctions.

The firm, called Marine China, was run by a single individual. The head of Marine China went by two names, Julian Kim and Tony Walker, and had allegedly attempted to withdraw money from a number of Singapore-based banks.

Kim is believed to have employed another unnamed individual whose role in the firm remains unclear.

The UN committee believes that the digital currency North Korea stole last year was converted into cash and put through at least 5,000 transactions in countries all over the world. Thus making it harder to trace.

The UN estimates that North Korea‘s cyber hacking exploits have netted the Asian nation more than $2 billion .

How much money North Korea has laundered through this Hong Kong-based firm remains unclear. It still remains to be seen whether the UN’s suspicions are correct.

FANG’s coronavirus bounce added $251 billion to their market values

A week before coronavirus crashed the price of oil , tech giants Facebook, Amazon, Netflix, and Google (FANG) together added $251 billion to their market values — their biggest gain since Mark Zuckerberg took his social media platform public in 2012, reports the Wall Street Journal .

In fact, tech stocks have outperformed the wider market since the coronavirus (COVID-19) pandemic spurred record sell-offs in March.

The FANG+ index, a set that includes the likes of Apple, Alibaba, Tesla, and Twitter, is actually up by almost 10% year-to-date.

On the other hand, the S&P 500 index — a popular collection of 500 stocks that represents the overall US market — is down by just under 14% over the same period.

“[Big tech stocks] are the old reliable and old standby for portfolio managers,” one portfolio manager told the WSJ. “Nobody is going to get fired for adding Apple stock in a downturn like this.”

However, Hard Fork reported that Wall Street gurus Goldman Sachs had recently downgraded Apple stock to a “sell.” The firm’s analysts predicted that iPhone shipments would slow by 36% later this year, which could see its stock price drop nearly 20% from current prices.

So, the markets generally appear confident that tech’s biggest can thrive in the new coronavirus-inspired consumer landscape, but the truth will only come out in their Q1 earnings reports, which are scheduled to start dropping over the next few weeks.