Archive for the ‘Crypto News’ Category

The New York Stock Exchange Launching a Bitcoin Price Index (NYXBT)

19, May 2015

nyse-website
An interesting announcement coming straight from the New York Stock Exchange (NYSE) about the lauch of the first exchange-calculated and disseminated bitcoin index – NYSE Bitcoin Index (NYXBT). The new NYXBT Index will represent the U.S. dollar value of one bitcoin unit based upon actual transactions occurring on select bitcoin exchanges which have been evaluated and meet NYSE’s quality standards. The NYSE Bitcoin Index will initially feature data from transactions from the Coinbase Exchange, an exchange that NYSE made a minority investment in earlier this year. As you can see in this Ally Invest review, the broker is a great choice for long-term investors.

“Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class,” said NYSE Group President Thomas Farley. “As a global index leader and administrator of ICE LIBOR, ICE Futures U.S. Dollar Index and many other notable benchmarks, we are pleased to bring transparency to this market. By combining our technology infrastructure with our expertise in index calculation and data management, we will continue to launch complementary products based on our rigorous standards and proprietary index methodology.”

NYXBT utilizes a unique methodology that relies on rules-based logic to analyze a dataset of matched transactions and verify the integrity of the data to ultimately produce an objective and fair daily value for one bitcoin in U.S. Dollars as of 16:00 London time. The index will be published within a short period of that time via the widely-distributed NYSE Global Index Feed (GIF) as well as made publicly available for an initial period on the NYSE index page.

– To read more details about the NYSE Bitcoin Index (NYXBT) methodology (PDF)…

SFARDS Running a Best Miner Design Contest

11, May 2015

sfards-miner-design-contest

SFARDS, the new player among the ASIC manufacturers with a new dual mining ASIC design, has announced a contest for a Best Miner Design and is going to be awarding participants with DogeCoin, Litecoin and Bitcoin for the ideas. You can describe your idea with words only or use images for a better representation of the design you are thinking about, be creative, there is no need to follow the rules of what is currently available as designs used by miners. The most creative answer reward is 1 BTC, there is also 100 LTC for the most “controversial” design award, 100 LTC for the most market appealing design award and each participant will get 1000 Dogecoin. The contest starts today May 11th and will continue until May 17th with all the results to be published within a week after the contest ends.

– For more details about the SFARDS Best Miner Design Contest…

Bitcoin Investment Trust’s GBTC Shares Already Trading

5, May 2015

bitcoin-investment-trust-share-price
The publicly traded shares of the Bitcoin Investment Trust (BIT) using the ticker GBTC, the first publicly traded vehicle tied to Bitcoin, have started trading yesterday with a good initial user interest. The initial share price was planned to be about one-tenth of the selling price of one Bitcoin minus fees, but we are already seeing the price per share rising above that level. So it seems that investors are interested in paying more for the about available shares now that public trading has started. GBTC shares are intended mostly for bigger investors that are not interested in operating with Bitcoins directly, but are also now available to everyone that prefers this kind of investment as an alternative to BTC trading. It will be interesting to see how will trading GBTC shares influence the price of Bitcoin in the following days when trading will hopefully increase significantly in volume as currently the traded volume is still pretty small – only 765 shares were traded yesterday. (Credit: https://bit-profit.io/)

– To track the price and traded volumes of Bitcoin Investment Trust’s GBTC stocks…


top