LakeBTC Suspended from CoinDesk Bitcoin Price Index


SUBMITTED BY: Guest

DATE: Nov. 1, 2014, 5:27 p.m.

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  1. Data from bitcoin exchange LakeBTC will be suspended from inclusion in CoinDesk's Bitcoin Price Index from 3:00pm GMT today. This is an hour earlier than the original time of 4:00pm GMT.
  2. The move is a result of faulty price ticker data sent by the exchange this morning, 31st October, which supplied bid and ask values of $0 at 07:18 and 08:01 (GMT).
  3. This is the third instance of faulty price data from LakeBTC this week. Two earlier instances of faulty data caused the price to spike for several hours on 26th October and for seven minutes the following day.
  4. LakeBTC claimed that it had fixed the data errors on 29th October.

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