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Satoshi Nakaboto: ‘Mysterious Bitcoin wallet moves $1B BTC for just $0.48’

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Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC 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 Ada Lovelace used to say: Yippee!

Bitcoin price

We closed the day, June 30 2020, at a price of $9,137. That’s a minor 0.51 percent decline in 24 hours, or -$47.59. It was the lowest closing price in two days.

We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin‘s market cap ended the day at $168,315,606,321. It now commands 66 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $15,735,797,744 was the lowest in one day, 31 percent below last year’s average, and 78 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 274 tons of gold.

Bitcoin transactions

A total of 299,586 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 $0.62. That’s $3.29 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 13,069 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 $168 billion, Salesforce 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 97.7 percent behind being on track. Bitcoin‘s price should have been $411,236 by now, according to dickline.info.

Bitcoin energy consumption

On a yearly basis Bitcoin now uses an estimated 60 terawatt hour of electricity. That’s the equivalent of Greece’s energy consumption.

Bitcoin on Twitter

Yesterday 28,895 fresh tweets about Bitcoin were sent out into the world. That’s 46.8 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 is why bitcoin is gold 2.0. It’s mathematically impossible to counterfeit. https://t.co/tpP4itf63S

— Tyler Winklevoss (@tylerwinklevoss) June 30, 2020

This was yesterday’s most upvoted Reddit post about Bitcoin:

The most secretive Bitcoin wallet just moved nearly $1 billion (for $0.48 in fees) from r/Bitcoin

And this was yesterday’s top submission on Hacker News about Bitcoin:

The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees (decrypt.co)

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’.

Published July 1, 2020 — 10:18 UTC

Blockchain

Satoshi Nakaboto: ‘Bitcoin mining is profitable again’

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Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC 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 Baudriallard used to say: Shop ’till you drop!

Bitcoin price

We closed the day, August 10 2020, at a price of $11,878. That’s a minor 1.85 percent increase in 24 hours, or $215. It was the highest closing price in three hundred and sixty-seven days.

We’re still 40 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin‘s market cap ended the day at $219,235,405,395. It now commands 62 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $26,114,112,569 was the highest in seven days, 15 percent above last year’s average, and 64 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 407 tons of gold.

Bitcoin transactions

A total of 308,230 transactions were conducted yesterday, which is 3 percent below last year’s average and 31 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $2.94. That’s $0.96 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 18,931 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 4.9 percent of the total supply, the top 100 14.2 percent, and the top 1000 34.8 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $215 billion, AT&T 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 $501,282 by now, according to dickline.info.

Bitcoin energy consumption

On a yearly basis Bitcoin now uses an estimated 64 terawatt hour of electricity. That’s the equivalent of Switzerland’s energy consumption.

Bitcoin on Twitter

Yesterday 35,606 fresh tweets about Bitcoin were sent out into the world. That’s 76.5 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:

Bitcoin mining is once again profitable. pic.twitter.com/FTAinTKzcP

— Charles Edwards (@caprioleio) August 10, 2020

This was yesterday’s most upvoted Reddit post about Bitcoin:

10 years ago today, a BitcoinTalk user lost $600 in bitcoin. That bitcoin would now be worth $100 Million. from r/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’.

Published August 11, 2020 — 08:10 UTC

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Beijing arrested a pro-democracy media tycoon in Hong Kong — then his stock quadrupled

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Hong Kong activists became stock traders on Monday in support of local media tycoon Jimmy Lai, whom authorities arrested for allegedly breaking the city’s strict new national security law.

Shares in Next Digital, Lai’s tabloid media group, rose up to 344% in afternoon trade after pro-democracy activists urged investors to buy in, reports the Financial Times.

Police detained Lai alongside nine others under a new Beijing directive aimed at curtailing foreign influence and secessionist activities in Hong Kong, now a focal point for China’s rocky international relations.

Next Digital, stock
TradingView data, Flourish chart.

[Read: Kodak stock sinks 45% after alleged insider trading halts its pharma pivot]

One activist-trader, a columnist for Next Digital’s Apple Daily, reportedly profited around HK$75,000 ($9,700) after buying (and selling) 1.2 million Next Digital shares to show solidarity with Lai. Pop star Denise Ho also purchased stock, according to the FT.

Next Digital, the Hong Kong activist’s penny stock

Next Digital stock has fallen steadily over the past five years — save for a relatively short-lived resurgence as Hong Kong protests intensified in the first half of 2019.

A penny stock, Next Digital’s market cap sat at around $30.6 million before today’s action. As of Monday’s market close, Lai’s company is now valued at nearly $87 million.

The Guardian noted authorities arrested Lai for conspiracy to commit fraud and collusion with foreign forces, making him the most high-profile figure to be affected by the law.

200-strong police team searches Apple Daily office in Hong Kong

Read: https://t.co/cXvuLmrgvM#AppleDailyENG pic.twitter.com/TgDpCgCeYo

— Apple Daily HK 蘋果日報 (@appledaily_hk) August 10, 2020

Lai reportedly now faces prison sentences of three to 10 years — or even life  if charged and found guilty. However, what justifies either punishment remains unclear.

While some analysts think traders could be betting on a potential Beijing takeover of Next Digital (which could increase its stock price), at least one investment bank exec remains flummoxed by the sheer size of the surge.

“Definitely it’s not institutional investors buying the stock. I see many orders were placed via Futunn, a large portal for retail stock investors,” UOB Kay Hian’s Steven Leung told Bloomberg. “Many could be speculating that the company will be sold, […] but I don’t understand why there are so many speculative trades.”

Published August 10, 2020 — 16:37 UTC

David Canellis

David Canellis

August 10, 2020 — 16:37 UTC

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Kodak stock sinks 45% after alleged insider trading halts its pharma pivot

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Eastman Kodak stock is down nearly 45% during Monday’s pre-market trade after the US government signalled alleged insider trading has jeopardised its pivot into pharmaceuticals.

“On July 28, we signed a Letter of Interest with Eastman Kodak,” tweeted the US International Development Finance Corporation (DFC) on Friday.

“Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared.”

On July 28, we signed a Letter of Interest with Eastman Kodak. Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared.

— DFCgov (@DFCgov) August 7, 2020

Kodak awarded millions of shares to company execs

Kodak shares rampaged by more than 1000% last month after it secured a $765 million government loan to fund its transition into making basic ingredients for drugs.

As you can see on the chart below, the last time Kodak Eastman stock rallied this hard was back in 2018. That was when the company touted an initial coin offering (ICO) for a utility token that would power a blockchain-powered licensing platform.

[Read: Kodak, now a pharma company, expects drugs to make up 30-40% of its future business]

But while the DFC says it signed a “Letter of Interest” in regards to the loan on July 28, word of Kodak‘s next move reportedly circulated on the 27th, during which time its share price rose 25%.

From there, Kodak stock surged from under $8 to $33. At its peak, the company’s market value had reached nearly $1.5 billion, despite having struggled to stay above $200 million for the better part of two years.

Kodak Eastman, stock
TradingView data, chart made with Flourish.

According to The Wall Street Journal, Democratic Senator Elizabeth Warren recently cited this “unusual trading activity” when asking the Securities and Exchange Commission to look into the matter.

The SEC is also said to be investigating stock options awarded to Kodak execs and board members just before news of its pharma pivot broke.

The New York Times found those rewards had suddenly ballooned to $50 million in value on July 27  just 48 hours after insiders received them.

Published August 10, 2020 — 10:33 UTC

David Canellis

David Canellis

August 10, 2020 — 10:33 UTC

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