"Guess Who's Back" - 2/7/2018

Bitcoin & Markets 2/7/18 -------------------- New to bitcoin? Looking for more info? Do your own research! Start here. http://bitcoinandmarkets.com/resources and here https://bitcoin.org Run a Full Node. -- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets or to donate bitcoin, litecoin or paypal http://bitcoinandmarkets.com/donate -- Disclaimer: This is not investment advice, do your own research, this is all psuedoscience. Sources below. -------------------- PRICES -------------------- Bitstamp: $8248 / 1 finney: $0.82 Mayer Multiple: Spot/200 MA ($8122) = 1.01 (1) 3M BTC Settled Futures (Mar): $8136 / spread: + $0 or 0% CME Futures: Feb18 $8115 / Mar18 $8110 / Jun18 $7440 - most volume daily candle closed at $8755 on the way down (2) Bitmex Futures: Mar18 $8166 / Jun18 $8286 Bitfinex was ~$1-200 higher on the way down, and is now $100 lower than bitstamp. Good sign imo. MARKET SIZE and TRANSACTIONS -------------------- Market Cap: $136 B Global Bitcoin MC: $352 B Maximalist Price: $22,985 USD value tx'ed on-chain (24h): $2.2 B Avg tx Val (24h): $10,164 SECURITY -------------------- Difficulty: 10.4% yesterday, est. -17% in 13 days (3)(4) FEES -------------------- Mempool: 29MB, ~10 sat/b (5)(6) DEVELOPMENT -------------------- Merged PRs: 16 merged PRs and 11 closed issues (7)(8) compared to ethereum's Go client, 8 merged PRs and 16 closed issues Lightning Network: 5.4 btc capacity, 1320 open channels, 535 nodes - 2.46 channels/node - 0.004 btc/channel (9)(10) OTC VOLUME -------------------- Localbitcoins: $95M/wk Paxful: $12M/wk LedgerX: <$1M/wk (11) Gemini Auction: $3.8M/wk - huge day on Feb 2, 202 btc bought at $8475 (12) Total public OTC data: $111M/wk This is a decent total in USD since the price dropped so much. PSA: Support p2p exchanges like https://bisq.network/. Not free from privacy concerns. NEWS -------------------- CFTC and SEC testimony https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission bitcoin magazine article https://bitcoinmagazine.com/articles/sec-and-cftc-give-testimonies-senate-hearing-virtual-currencies/ SOURCES -------------------- 1. Mayer Multiple: http://mayermultiple.com 2. CME futures: http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html 3. Network stats: http://fork.lol/pow/retarget 4. Difficulty: https://cryptothis.com/diff/ 5. Real time fees: https://tradeblock.com/bitcoin/ 6. Visualization: https://jochen-hoenicke.de/queue/#3m 7. Bitcoin github stats: https://github.com/bitcoin/bitcoin/pulse 8. Ranking: https://www.coingecko.com 9. LN capacity: https://p2sh.info/dashboard/db/lightning-network?orgId=1 10. LN nodes: https://lnmainnet.gaben.win/# 11. LedgerX: http://data.ledgerx.com/ 12. Gemini Auction: https://gemini.com/auction-data/ EXTRA LINKS -------------------- (a) Lightning apps: http://dev.lightning.community/lapps/index.html FOLLOW -------------------- Host: @AnselLindner https://twitter.com/AnselLindner Show: @btcmrkts https://twitter.com/btcmrkts We're on YouTube! https://www.youtube.com/c/bitcoinandmarkets THANK YOU LISTENERS! -------------------- Music by Joakim Karud