Author Topic: Coinmarketcap shows BitUSD trading at $0.95 and in reality it is not...  (Read 1230 times)

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Offline Pheonike


Coinmarketcap is showing the last time it updated from the bitusd price form the bitshares exchange is 115 hours ago. They need to update their feed tool.

Offline toast

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Sounds like an arbitrage opportunity.
You can deposit USD to BTER using egopay, which just costs the BTC spread.
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Offline pseudoscops

http://coinmarketcap.com/assets/bitusd/#markets

This seems to be because Coinmarketcap's feed to BitSharesX has ceased working. So instead they are using just the feed from BTER which today has so far had $0 volume. Presumably when all feeds are working they use some kind of weighting based on volume to decide what price to show. Previously it has always seemed to reflect the BitsharesX price more or less correctly and tracked the working peg from within BitSharesX. If it's just tracking BTER BitUSD then obviously there is no peg protection there.

This looks bad because to the casual observer it might seem like the peg is not working when in fact it is. It appears that it has been like this for nearly five days, a few days a go it was showing a similar figure.

Is anyone aware of what might have changed to stop the main feed working for Coinmarketcap? Anyone got any idea how the BitsharesX feed can be reinstated?
« Last Edit: October 28, 2014, 02:50:28 pm by pseudoscops »