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 Foucault used to say: Let’s pull this rabbit out the hat!

Bitcoin price

We closed the day, June 22 2020, at a price of $9,648. That’s a respectable 3.73 percent increase in 24 hours, or $347. It was the highest closing price in eleven days.

We’re still 51 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $177,651,397,437. It now commands 66 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $21,104,009,514 was the highest in five days, 8 percent below last year’s average, and 71 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 374 tons of gold.

Bitcoin transactions

A total of 298,781 transactions were conducted yesterday, which is 6 percent below last year’s average and 33 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.54. That’s $3.36 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 13,532 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 14.4 percent, and the top 1000 34.8 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 97.6 percent behind being on track. Bitcoin‘s price should have been $395,651 by now, according to dickline.info.

Bitcoin energy consumption

Bitcoin used an estimated 165 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 60 terawatt hour. That’s the equivalent of Algeria’s energy consumption or 5.6 million US households. Bitcoin’s energy consumption now represents 0.27% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 33,399 fresh tweets about Bitcoin were sent out into the world. That’s 70.2 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’.

Twitter posts first billion-dollar quarterly revenue despite political ad controversy

Twitter Inc. broke expectations to earn more than $1 billion in revenue last quarter, a first for the social media giant.

Profit numbers disappointed, however, with the Jack Dorsey-led company posting $119 million, down from $255 million in the previous quarter.

On Thursday, Twitter‘s share price was up 4.8 percent in pre-market trading on the back of the news, reports finance portal MarketWatch.

The number of monetizable active daily Twitter users also swelled by 7 million to hit 152 million. Growth predictions had the user base pegged to grow by just 2 million.

Twitter breaks revenue record despite political ad controversy

Interestingly, Twitter generated one billion dollars in the same quarter it banned all political advertising on the platform.

The move generated noise on both sides of the political debate, with critics lambasting the policy as hypocritical, tricky to implement, and likely to make it harder for labor groups and activists to campaign effectively.

One investigation also found more than a dozen ExxonMobil tweets related to climate change that weren’t labelled as political “issue” ads, fueling concerns Twitter‘s supposedly apolitical stance could play into corporate interests.

Dorsey’s other company, Square, will release its next earnings report in late February. It’ll be hard to top last year’s third quarter, though, which gave the company its first profitable quarter in a year.

Hackers steal $48.7M in Ethereum from South Korean cryptocurrency exchange Upbit

South Korean cryptocurrency exchange Upbit has reported that hackers have ransacked its Ethereum “hot wallet,” stealing 342,000 ETH — a cryptocurrency stash worth $48.7 million.

The attack was confirmed in a statement posted to the cryptocurrency exchange’s website by Upbit’s CEO Lee Seok-woo earlier today.

“ At 1:06 PM on November 27, 2019, 342,000 ETH (approximately 58 billion won) were transferred from the Upbeat Ethereum Hot Wallet to an unknown wallet,” the statement reads, before providing the apparent hacker‘s wallet address .

At pixel time, the hacker‘s wallet still contains all of the stolen Ethereum.

Upbit says it will fund the replacement of the stolen Ethereum so as to not leave any users out of pocket. It also noted it has transferred all cryptocurrencies kept in its “ hot wallets ” to “ cold wallets ,” which are more secure.

Hot wallets are software-based storage solutions for cryptocurrency, typically applications on phones or computers. Cold wallets are hardware-based — typically standalone devices kept offline while not in use to ensure they’re out of reach of internet baddies.

In the meantime, Upbit deposits and withdrawals are now reportedly suspended, and the exchange estimates that it will take at least two weeks for them to resume, so users are urged to avoid sending any cryptocurrency to the platform before they’re advised to.