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 Pasteur used to say: Live, laugh, love!
Bitcoin price
We closed the day, October 01 2020, at a price of $10,623. That’s a minor 1.49 percent decline in 24 hours, or -$161.68. It was the lowest closing price in seven days.
We’re still 47 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin‘s market cap ended the day at $196,588,367,760. It now commands 58 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $27,178,227,816 was the highest in nine days, 18 percent above last year’s average, and 63 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 442 tons of gold.
Bitcoin transactions
A total of 304,633 transactions were conducted yesterday, which is 4 percent below last year’s average and 32 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $2.13. That’s $1.78 below last year’s high of $3.91.
Bitcoin distribution by address
As of now, there are 17,445 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 4.8 percent of the total supply, the top 100 14.2 percent, and the top 1000 34.9 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $197 billion, Nike 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 $634K behind being on track. Bitcoin‘s price should have been $644,381 by now, according to dickline.info.
Bitcoin energy consumption
On a yearly basis Bitcoin now uses an estimated 71 terawatt hour of electricity. That’s the equivalent of Colombia’s energy consumption.
Bitcoin on Twitter
Yesterday 35,755 fresh tweets about Bitcoin were sent out into the world. That’s 70.3 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 yesterday’s most engaged tweet about Bitcoin:
This was yesterday’s most upvoted Reddit post about Bitcoin:
And this was yesterday’s top submission on Hacker News about Bitcoin:
Tracking Mixed Bitcoins (arxirg)
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’.
Analysis of $400M in illicit XRP activity shows it’s mostly theft and Ponzi schemes
Cryptocurrency analysts have identified $400 million worth of illicit Ripple (XRP) transactions — mainly Ponzi schemes and exchange thefts.
The illicit XRP activity detected by London-based firm Elliptic amount to less than 0.2 percent of all XRP payments processed to date, which is less than other cryptocurrencies like Bitcoin.
In press materials shared with Hard Fork, Elliptic chief scientist Tom Robinson attributed this to two main factors: XRP is simply not as liquid as Bitcoin or Ethereum, so it’s not as easy to “cash-out” large amounts of illicit cryptocurrency.
“XRP is [also] more centralized than other crypto-assets, and perhaps more associated with traditional finance – this might make it less attractive to illicit actors, who might prefer something more decentralized and ‘neutral’,” said Robinson.
That said, Elliptic did find a small amount of XRP transactions related to the illegal sale of credit card details. The firm also confirmed that unlike Bitcoin, XRP has not been adopted very much by users of underground, dark web markets.
In September, the firm recorded $829 million worth of illicit Bitcoin activity, just 0.5 percent of all transactions in its history.
“Yes, it is possible to pursue and prosecute these bad actors by tracing their crypto-asset transactions,” said Robinson. “For example, in many cases the criminals will attempt to cash-out through exchanges.”
Satoshi Nakaboto: ‘Bitcoin crosses $10K for first time in 2 months’
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 Pasteur used to say: Fight the power!
Bitcoin price
We closed the day, July 26 2020, at a price of $9,905. That’s a respectable 2.32 percent increase in 24 hours, or $224. It was the highest closing price in fifty-four days.
We’re still 50 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin‘s market cap ended the day at $182,685,328,095. It now commands 63 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $20,507,998,997 was the highest in thirty-three days, 9 percent below last year’s average, and 72 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 329 tons of gold.
Bitcoin transactions
A total of 298,422 transactions were conducted yesterday, which is 6 percent below last year’s average and 34 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $1.51. That’s $2.40 below last year’s high of $3.91.
Bitcoin distribution by address
As of now, there are 17,138 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 $183 billion, ExxonMobil 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 $466,253 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 30,432 fresh tweets about Bitcoin were sent out into the world. That’s 52.7 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’.
