Satoshi Nakaboto: ‘The Simpsons calls Bitcoin the cash of the future’-Computerfanfield

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 Bentham used to say: Fight the power!

Bitcoin price

We closed the day, March 11 2020, at a price of $7,911. That’s a minor 0.01 percent increase in 24 hours, or $1. It was the highest closing price in one day.

We’re still 60 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $144,508,402,671. It now commands 67 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $38,682,762,605 was the lowest in three days, 96 percent above last year’s average, and 23 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 734 tons of gold.

Bitcoin transactions

A total of 287,373 transactions were conducted yesterday, which is 11 percent below last year’s average and 36 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.35. That’s $3.36 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 11,445 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 $143 Billion, Oracle 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 96.7 percent behind being on track. Bitcoin‘s price should have been $240,595 by now, according to dickline.info.

Bitcoin Energy Consumption

Bitcoin used an estimated 213 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 78 terawatt hour. That’s the equivalent of Chile’s energy consumption or 7,2 million US households. Bitcoin’s energy consumption now represents 0.35% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 23,550 fresh tweets about Bitcoin were sent out into the world. That’s 27.2 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 75,543.

Huawei CFO in Canadian court on fraud charges, faces extradition to US

China’s foreign ministry labeled Canada‘s detainment of smartphone giant Huawei‘s CFO as a “serious political matter,” and again called for her release ahead of the first extradition hearing later today, Reuters reports.

Canadian authorities arrested Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, in December 2018 at the behest of the US. The incident angered Beijing considerably, and the event soon became the centerpiece of a trade war between China and the Trump administration.

New York Times notes that the first stage of Meng’s extradition hearing will decide whether her alleged crimes are common to both the United States and Canada, the latter of which has not imposed sanctions in Iran in the same way as the US.

The second will focus on defense allegations that the FBI and Canadian authorities violated Meng’s rights when gathering evidence before she was apprehended changing flights at Vancouver airport.

Following the incident, Chinese authorities detained Canadian citizens Michael Spavor and Michael Kovrig on charges of espionage, moves labeled as retaliation for Meng’s arrest.

US-China trade war plays out while Meng under house arrest

On bail and reportedly living in one of two her Vancouver mansions, Meng’s charged with bank fraud for allegedly violating US sanctions by conducting business with Iran through two auxiliary companies: equipment seller SkyCom Tech and shell corporation Canicula Holdings.

Defense lawyers are said to have filed a motion on Friday that argued the case is primarily about US sanctions on Iran, rather than bank fraud.

Meng is fighting her extradition and maintains innocence on all fronts.

The two superpowers exchanged trade tariffs in the fallout, including a 15-percent tax on more than two-thirds of all US products sourced from China, amounting to over $112 billion worth of goods such as clothes, shoes, and sporting items.

Last week’s reveal of the “Phase One Deal” eased that tax to 7.5 percent , while Beijing agreed to purchase an extra $200 billion in US goods and services over the next two years.

Regardless, the hubbub doesn’t seem to have hampered Huawei‘s bottom line: it set a new revenue record by generating 850 billion yuan ($122 billion) last year.

Huawei is also still the second-largest smartphone maker in the world, having sold 240 million handsets last year, up from 206 million in 2018.

“These figures are lower than our initial projections, yet business remains solid and we stand strong in the face of adversity,” wrote Huawei rotating chairman Eric Xu in a New Year’s employee address.

Satoshi Nakaboto: ‘Investment firm says Jack Dorsey leads Bitcoin’s unofficial marketing dept’

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 Planck used to say: Let’s get it!

Bitcoin price

We closed the day, July 09 2020, at a price of $9,277. That’s a minor 1.59 percent decline in 24 hours, or -$150.02. It was the lowest closing price in one day.

We’re still 53 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin‘s market cap ended the day at $170,977,231,638. It now commands 64 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $18,000,702,524 was the lowest in one day, 21 percent below last year’s average, and 75 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 310 tons of gold.

Bitcoin transactions

A total of 362,554 transactions were conducted yesterday, which is 13 percent above last year’s average and 19 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.76. That’s $3.15 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 13,059 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 $171 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 97.8 percent behind being on track. Bitcoin‘s price should have been $429,504 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 24,645 fresh tweets about Bitcoin were sent out into the world. That’s 24.5 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.