Satoshi Nakaboto: ‘Germany deems Bitcoin a financial instrument’

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 Rousseau used to say: Success is just a product of your motivation!

Bitcoin price

We closed the day, March 03 2020, at a price of $8,787. That’s a minor 0.87 percent decline in 24 hours, or -$77.59. It was the lowest closing price in one day.

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 $160,383,579,416. It now commands 64 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $42,386,715,821 was the lowest in one day, 120 percent above last year’s average, and 15 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 803 tons of gold.

Bitcoin transactions

A total of 342,171 transactions were conducted yesterday, which is 4 percent above last year’s average and 24 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.27. That’s $3.44 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 12,777 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 $160 Billion, China Mobile 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 $231,477 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 25,782 fresh tweets about Bitcoin were sent out into the world. That’s 39.4 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’.

Moonday Mornings: Twitter adds custom Bitcoin emoji

Hello Forkers, welcome to Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines you can’t afford to miss!

Let’s see what happened this week:

1. Cybercriminals use Kobe Bryant wallpaper to cyptojack victims

According to researchers at Microsoft’s Security Intelligence division , cybercriminals embedded a coin mining script in a digital wallpaper featuring the recently deceased basketball star Kobe Bryant.

Documented in a series of tweets last week, Microsoft says its Defender SmartScreen blocks the script after identifying it as a Trojan virus. It’s not clear if the unscrupulous scammers have managed to profit by exploiting Bryant’s passing.

2. Ex-NFL mogul rejects plea deal over cryptocurrency laundering charges

Reginald Fowler, a former stakeholder of the Minnesota Vikings NFL team, who was arrested for allegedly running an unlicensed money transfer business used for cryptocurrency exchange deposits turned down a plea offer presented by prosecutors.

Fowler was reportedly set to plead guilty to a single felony on the grounds that he would forfeit $371 million held in more than 50 different accounts, BNN Bloomberg writes .

However, the accused said they would only agree to forfeit whatever assets currently sit in the accounts.

3. Luxembourg’s financial regulator warns of illicit cryptocurrency business

The Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg issued a warning for a suspicious cryptocurrency business last week. According to a CSSF announcement , Crypto Bull is operating out of offices based in Luxembourg, but has not registered with the regulator.

The country’s financial regulator was one of the first to grant operating licenses to businesses that deal in cryptocurrency in an attempt to better regulate the space. In other words, avoid or at least tread with extreme caution when dealing with unlicensed cryptocurrency businesses in the country.

4. No, Bitcoin ETFs are not coming anytime soon

A year ago, with rising institutional interest, it seemed possible that a Bitcoin exchange traded fund (ETF) would be approved by US regulators. But that doesn’t appear to be the case anymore.

According to The Block 2020 Outlook Survey, most respondents don’t believe we’ll see a Bitcoin ETF approved this year, The Block reports .

106 individuals from venture capital firms, financial services businesses, and other companies in the digital asset space took part in the survey. More than 77 percent responded “no” when asked if a Bitcoin ETF would be approved in the US this year.

And finally…

5. Twitter adds a Bitcoin emoji

Twitter figurehead Jack Dorsey tweeted the Bitcoin emoji yesterday and “Crypto-Twitter” is going wild. Anytime the #bitcoin hashtag is used, Twitter now automatically adds a Bitcoin emoji immediately after (you may need to click through to see the emoji on Twitter‘s app or site).

Dorsey also took the opportunity to CC in Unicode, the Twitter account for industry standards in how computer text is represented on screens. But according to Emojipedia , the Bitcoin sign was added to Unicode 10.0 in 2017, as a character, but not an emoji.

Either way, Twitter has a Bitcoin emoji now.

Now go get on with your week of furiously tweeting the Bitcoin emoji.

Wirecard’s former CEO arrested over those missing billions

Wirecard‘s former CEO Markus Braun has been arrested after turning himself in on Monday evening.

Braun resigned last week after auditors failed to locate 1.9 billion euros ($2.1 billion) in revenue, money that the German fintech firm later admitted most likely “doesn’t exist.”

Wirecard stock crashed almost 90% since the missing billions were first announced, with more than $12 billion wiped from its market value in just three days.

Braun has been detained on suspicion of inflating Wirecard’s balance sheet and revenues in a bid to solicit more money from both customers and investors, according to DWom .

This is a developing story. More to come.

Hunter Jones

Hunter Jones

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