LakeBTC Exclusive Interview!
We sat down with LakeBTC recently to find out what it was they were working on - here's what we spoke about... First of all, tells little bit about what LakeBTC is all about. LakeBTC: LakeBTC was started in March 2013 as a bitcoin exchange. The founding team came from financial industries and most of our early users were seasoned traders and other financial professionals from prop and flow desks of hedge funds, investment banks, and commercial banks. The years of experience trading bonds, currencies, commodities, equities, and all types of derivatives and structured products helped us....
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LakeBTC has confirmed it has patched its system to stop this problem from happening again. UPDATE (28th October, 10:00 GMT): Information about a second data error lasting seven minutes on 27th October was added. 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. 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....
CoinDesk has added two exchanges, LakeBTC and Huobi, to its US dollar Bitcoin Price Index (BPI) and Chinese yuan BPI, respectively. These additions will be live as of 16:00 BST today, the 30th June. The move reflects the significant volumes traded by the exchanges and the importance of the Chinese market in terms of USD/BTC trading. LakeBTC cracks the top four USD-exchanges. CoinDesk has been closely monitoring Shanghai-based LakeBTC in recent weeks. LakeBTC reports an even split between domestic and international customers, and it offers bitcoin trading in both USD and CNY, with the....
LakeBTC.com is one of the "big 4" bitcoin exchanges. Jeremy Cho, LakeBTC's communication division representative, has just shared with NewsBTC that his company has just launched a new service named "LakePay" that enables its users to send bitcoin to any email address in the whole world. Lakepay is also expected to include other cryptocurrencies in the near future. Here is a copy of that freshly received email: LakeBTC was started in March 2013 by a group of financial industry veterans. Initially, it was like a side project for a small group of professional capital market traders from....
LakeBTC's suspension has been extended for a further 30 days, ending on 30th January, 2015. UPDATE (2nd December 11:47am GMT): LakeBTC's suspension has been extended for a further 30 days, ending on 30th December. 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. 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). This is the third instance of....
LakeBTC, a bitcoin exchange company based in China, is now open for GBP and JPY deposits on its cryptocurrency platform. This move could open the company for more client accounts based in the UK and Japan, where bitcoin acceptance has also been increasing. In particular, clients can make a GBP deposit on LakeBTC through a UK bank transfer while JPY deposits on the bitcoin exchange will be accepted through a Japanese domestic bank transfer. Larger Bitcoin Exchange Market. According to a spokesperson for the bitcoin exchange, they are also working on adding EUR deposits and EUR/BTC trading....