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

Bitcoin price

We closed the day, March 23 2020, at a price of $6,416. That’s a strong 10.03 percent increase in 24 hours, or $584. It was the highest closing price in eleven days.

We’re still 68 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $117,314,776,187. It now commands 67 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $46,491,916,000 was the highest in two days, 128 percent above last year’s average, and 37 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 907 tons of gold.

Bitcoin transactions

A total of 259,704 transactions were conducted yesterday, which is 20 percent below last year’s average and 42 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.70. That’s $3.01 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 10,195 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 $117 billion, HSBC 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 97.4 percent behind being on track. Bitcoin‘s price should have been $254,950 by now, according to dickline.info.

Bitcoin Energy Consumption

Bitcoin used an estimated 188 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 689terawatt hour. That’s the equivalent of Czech Republic’s energy consumption or 6,4 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 28,657 fresh tweets about Bitcoin were sent out into the world. That’s 54.1 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:

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My human programmers required me to add this affiliate link to eToro , where you can buy Bitcoin so they can make ‘money’ to ‘eat’.

SEC stalls ‘anti-competitive’ NYSE plan to sell super-fast connections to traders

US regulators are still mulling whether to green-light the New York Stock Exchange‘s (NYSE) plan to sell high-speed wireless access to its trading platform, Reuters reports .

The NYSE, which is the largest stock exchange in the world, wants to leverage a 160-foot microwave transmitter pole recently built at its data center — the one that manages all of its electronic trades.

The Securities and Exchange Commission (SEC) was expected to deliver its decision by Friday, but has since moved that deadline to May 18 after it received six objections to the NYSE‘s proposal, including one from news org Bloomberg LLC.

Using the NYSE‘s microwave connection is likely the fastest way of submitting buy and sell orders to the exchange, giving brokers who use it an edge.

But, it doesn’t come cheap: The service would cost up to $45,000 per month, on top of an initial $10,000 fee.

Naysayers contested the plan on anti-competitive grounds. They’ve reportedly argued that it’s inherently unfair, as an affiliate of NYSE’s parent company would have access to the connection by default.

It’s, however, worth noting that many brokerage firms, including ones that sent complaints to the SEC, offer similar wireless services.

Those poles are reportedly positioned around a quarter mile from the NYSE‘s data center, which means that the NYSE‘s pole effectively renders those obsolete simply by being closer .

“In our view, this is blatantly anti-competitive — it is no different in form and substance from the antiquated days of the NYSE selling real estate directly adjacent to the specialists on the floor to the highest bidder,” said brokerage Virtu Financial Inc in is letter to the SEC, via Reuters.

Hollywood exec embezzled $22M to gamble on cryptocurrency and play poker

A former digital marketing executive has admitted to embezzling more than $22 million of his employer’s funds to use for cryptocurrency gambling and personal expenses.

Cincinnati resident Daniel Bleiden pleaded guilty to wire fraud and aggravated identity theft last week. He’d previously served as vice president of accounting and finance at StyleHaul, the seminal digital media company for the fashion, lifestyle, and beauty industries, which shut down earlier this year.

The Department of Justice noted that during his time at the company, Bleiden had abused his authority to smuggle company money into his personal bank account, later loading his cryptocurrency accounts with more than $8 million.

Court documents reportedly showed Bleiden “frequently” gambled with cryptocurrency he purchased. Bleiden was also said to have sent $1.2 million in personal checks to poker players, and used $1.1 million to pay off his personal credit cards.

Bleiden even spent $155,000 to enter two poker tournaments just before his dismissal from StyleHaul.

Authorities stated that Bleiden hid his activity by making fake entries in accounting records, particularly to show illicit payments were for StyleHaul clients. He also faked Western Union letters to back his fraudulent wire transfers.

He also created a “fictitious lease” for the rental of a condominium in Mexico, and admitted to transferring $230,000 of StyleHaul’s money while pretending to rent the premises to StyleHaul’s employees and clients.

Bleiden’s sentencing hearing is scheduled for March 20 next year. He faces a statutory maximum sentence of 22 years in prison.