The CoinDesk BPI spiked this weekend due to an error in the data reported by the LakeBTC exchange.
From 09:18 UTC to 12:24 UTC on 26th October, LakeBTC's price ticker reported a bid value of $1,000. Immediately prior to this, the value was $351.34.
"We thought it was the trades but the trade history looked fine. Product support reviewed all the logs and cache for that time period and found it was a rare data caching issue," said a spokesperson from LakeBTC.
LakeBTC said the ticker was showing the wrong numbers and that the order book and trading history were not affected. It said it is working on a patch to prevent this from happening again.
CoinDesk has recalculated the BPI's price between 09:18 and 12:24 to exclude data from LakeBTC. The OHLC chart, however, still reflects LakeBTC's erroneous data.
Both the price chart and the OHLC chart will be rectified once LakeBTC supplies CoinDesk with correct data for the affected time period. We have contacted LakeBTC to obtain this data.
From 09:18 UTC to 12:24 UTC on 26th October, LakeBTC’s price ticker reported a bid value of $1,000. Immediately prior to this, the value was $351.34. A LakeBTC data caching issue caused its price ticker to show an erroneous, high, bid value. "We thought it was the trades but the trade history looked fine. Product support reviewed […]
This is a preview of a research report from Business Insider Intelligence . To learn more about Business Insider Intelligence,… Read More
New York, NY 16 Sep 2019: – According to a new study published by Polaris Market Research the global blockchain… Read More
(Image: Stockfresh) Pro 16 September 2019 | 0Research firm Gartner, whose past evaluations of blockchain have been conservative to say… Read More
Bill Barhydt, CEO of Bitcoin investment platform Abra , claims that Facebook staffers told him the company wanted to use… Read More
Bitcoin and crypto investors were put on notice this week when French and German government officials backed European Central Bank… Read More