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Fireball (OP)
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January 04, 2014, 09:37:19 AM |
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What's going on with icbit.se? After logging I don't see any data except price graph.
There was a problem with DNS information, so that API server was resolving to wrong IP address in some cases. This was fixed shortly, sorry for inconvenience. |
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Stephen Gornick
Legendary
 Offline
Activity: 2506
Merit: 1010
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January 09, 2014, 07:11:32 AM |
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There was a problem with DNS information, so that API server was resolving to wrong IP address in some cases. This was fixed shortly, sorry for inconvenience.
Some issue is occurring again. If there is a maintenance outage, there should be some message displayed on the site. And there should be some communication of status out-of-band, ... perhaps here on this thread, or/and on the @ICBIT_se Twitter account maybe? |
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Fireball (OP)
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January 09, 2014, 08:45:12 AM |
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There was a problem with DNS information, so that API server was resolving to wrong IP address in some cases. This was fixed shortly, sorry for inconvenience.
Some issue is occurring again. If there is a maintenance outage, there should be some message displayed on the site. And there should be some communication of status out-of-band, ... perhaps here on this thread, or/and on the @ICBIT_se Twitter account maybe? That's why I insist on using Twitter. However, it's banned in China, so not the best method. The website itself will have a news feed soon. |
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picobit
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January 20, 2014, 08:36:39 PM |
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What happened to Google Authenticator 2FA? The last few times I was logging in, I was no longer asked for my GA code.  |
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Fireball (OP)
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January 22, 2014, 08:58:29 AM |
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What happened to Google Authenticator 2FA? The last few times I was logging in, I was no longer asked for my GA code. It's still required to withdraw funds, however we are working on a newer version of a more secure and more user friendly GA module. Will be ready within ~3 or 4 days. The old one was disabled due to concerns about possible security vulnerabilities. |
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picobit
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January 23, 2014, 07:33:34 AM |
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The old one was disabled due to concerns about possible security vulnerabilities.
OK, it had to be bad to be more insecure that no GA  |
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Fireball (OP)
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January 30, 2014, 09:18:28 AM |
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Some of the press coverage we've got during recent two months. It's not quantity, but quality of the non-biased sources. Sometimes they are harsh regarding us, but it just proves the fact that we could provide an even better service. CNNWIREDCoinDeskMore to come! |
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richmke
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February 15, 2014, 11:47:36 AM |
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Has the Settlement Price changed because of the divergence of MtGox?
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Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
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February 15, 2014, 02:12:01 PM |
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Has the Settlement Price changed because of the divergence of MtGox?
Each of the contracts has different terms. BUG4 (BTC/USD-2.14) settles Feb 21st, and gets price based on the volume weighted average price (“VWAP”) across the three operating exchanges with the most volume in BTC-USD over the previous 30 days. So eyeballing the BitcoinCharts data, looks like Mt. Gox will definitely be one of the top three over the past 30 days (in terms of BTC/USD volume). Now what impact Mt. Gox will have on settlement day will be determined by the (24 hour) VWAP at Mt. Gox at the settlment time (20:00 UTC) on that day. So if the top three (volume of BTC/USD) are Mt. Gox, BTC-E and Bitstamp and the (24 hour) VWAP at each is 600 (Mt. Gox), 750 (BTC-e) and 750 (Bitstamp) then the average of those three is 700 (2,100 / 3) and that becomes the final settlement price. Now BUH4 (BTC/USD-3.14), which settles March 14th, uses the 24 hour VWAP from the exchange that had the most volume (in terms of BTC/USD) over the past 30 days. So this time, eyeballing the data, it looks like Bitstamp would be the exchange with the most volume. And thus, no -- MT. Gox divergence would not impact the settlement price. And BUJ4 (BTC/USD-4.14) specifies the exchange (Bitstamp) so there too Mt. Gox divergence would not impact the settlement price. |
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richmke
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February 15, 2014, 10:49:22 PM |
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Now what impact Mt. Gox will have on settlement day will be determined by the (24 hour) VWAP at Mt. Gox at the settlment time (20:00 UTC) on that day. So if the top three (volume of BTC/USD) are Mt. Gox, BTC-E and Bitstamp and the (24 hour) VWAP at each is 600 (Mt. Gox), 750 (BTC-e) and 750 (Bitstamp) then the average of those three is 700 (2,100 / 3) and that becomes the final settlement price.
That is why I asked. The Ask is currently around $625 BTC/USD. If I calculated the weighted average correctly, it is around $525. So, assuming that MtGox does not recover this week and volume is proportionate, you can buy USD (sell BTC) at $625 BTC/USD, and the close out of the contract will be a sell USD (buy BTC) around $525 BTC/USD. Seems like an interesting risk trade for 1 week. Maybe go short BTC on ICBIT Feb contract and go long BTC on a leveraged position somewhere else to hedge the price movements. |
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Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
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February 19, 2014, 04:18:11 AM |
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Site appears broken (i.e., no orderbook data, time & sales blank, trollbox blank, etc.) So, ... bump on this request: If there is a maintenance outage, there should be some message displayed on the site. And there should be some communication of status out-of-band, ... perhaps here on this thread, or/and on the @ICBIT_se Twitter account maybe?
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Fireball (OP)
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February 19, 2014, 02:39:57 PM |
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Site appears broken (i.e., no orderbook data, time & sales blank, trollbox blank, etc.) So, ... bump on this request: If there is a maintenance outage, there should be some message displayed on the site. And there should be some communication of status out-of-band, ... perhaps here on this thread, or/and on the @ICBIT_se Twitter account maybe?
Yes, we are working on the frontpage layout rearrangement, and it will feature all possible OOB channels so that people are actually aware of them. |
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Fireball (OP)
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February 20, 2014, 03:20:32 PM
Last edit: February 20, 2014, 03:47:05 PM by Fireball |
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Original posted here. MtGox exchange will not be included in settlement price calculation for BUG4 and BUH4 contracts unless their BTC deposit/withdrawal problems will be completely solved before 07 Mar 2014. We understand that not everyone will like this decision, but we have no choice because MtGox is clearly detached from bitcoin economy AND, judging by their latest press-release, they can't provide any details about time required to enable normal operations once again. Our settlement rule for BUG4 clearly says "operating exchange", and MtGox doesn't meet that requirement at this moment. As far as we know, many other bitcoin services already excluded MtGox from their price index. Usually we would refer to Bitcoincharts for this type of settlement, but there is a strong evidence that Bitcoincharts service is owned by or related to MtGox, and thus cannot be used as a point of reference. |
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Fireball (OP)
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March 09, 2014, 07:56:03 PM |
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User interface updates: - Fixed the issues with orders list updates. Now all possible situations where an order would be listed twice, or orders state is displayed out of date are fixed.
- Own trades are bold in the Time & Sales window
- Polarity sign is added to the right of the volume in T&S window and denotes the direction of an order which initiated this trade: + for buy order and - for sell order.
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picobit
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March 10, 2014, 08:52:22 AM |
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- Polarity sign is added to the right of the volume in T&S window and denotes the direction of an order which initiated this trade: + for buy order and - for sell order.
And who "initiated" the trade? The one who posted the limit order (the first to act, one possible meaning of initiating), or the one who takes it and actually cause the trade to take place? |
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richmke
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March 10, 2014, 11:48:58 AM |
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And who "initiated" the trade? The one who posted the limit order (the first to act, one possible meaning of initiating), or the one who takes it and actually cause the trade to take place?
The one who takes the bus/sell offer and causes the trade to take place. |
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Fireball (OP)
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March 10, 2014, 03:16:24 PM |
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- Polarity sign is added to the right of the volume in T&S window and denotes the direction of an order which initiated this trade: + for buy order and - for sell order.
And who "initiated" the trade? The one who posted the limit order (the first to act, one possible meaning of initiating), or the one who takes it and actually cause the trade to take place? It's quite simple: imagine that orderbook consists of one limit order. And a new one comes, which matches the existing order. In this case, the trade will be marked as "buy" or "sell" according to that new order. Sounds good? |
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Fireball (OP)
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March 14, 2014, 10:07:27 PM |
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BTC/USD-3.14 settled at $636.75, with an amazing trading volume $31.7M. Thank you so much for trading, and we hope to provide an even better service for newer contracts, and to reach new all-time-highs in volumes and prices.
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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March 15, 2014, 10:05:48 PM |
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I was not able to confirm if the 0.0001 BTC/ Trade or Settlement is the only fee, or if there are overnight-fees ect.
Could you please clarify that for me?
Thanks
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