Posts Tagged ‘Coinbase’

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)…

Dell to Expand Bitcoin Acceptance to UK and Canada

19, Feb 2015

dell-bitcoin

It was big news for Bitcoin and crypto currencies in general when last summer Dell announced that they are going to start accepting Bitcoin payments in the U.S. and another good news just came from the company. Today Coinbase, the payment processor that Dell uses for Bitcoin payments, announced that they are working with Dell to expand Bitcoin as a payment option for Dell’s customers in the United Kingdom and Canada. Although it is still very limited in terms of international markets that will be supported, the fact that Dell is willing to expand the support for crypto payments is a positive sign that it is apparently working for them generating extra profit for the company. And if large companies such as Dell find Bitcoin payments useful (profitable), then this is really positive recognition of the BTC.

Coinbase Shutting Down Their Bitcoin Tipping Service

11, Feb 2015

changetip

The Bitcoin payment service provider Coinbase has just announced their plans to stop their Coinbase Tip service that allows users to easily send Bitcoin tips to other people, to support projects or causes and so on. The Coinbase Tip service will be available by the end of March and meanwhile Coinbase suggests that users of the service migrate to the alternative ChangeTip. According to the service there are about 10 thousand users of Coinbase Tip, though they probably expected that the tipping functionality will attract much more users than what is has in the bit less than 3 months timeframe that it has existed and that is the reason they are shutting it down. Interestingly enough ChangeTip actually relies on Coinbase APIs for their tipping service, so no wonder they are the recommended alternative, not to mention that ChangeTip is apparently doing much better than Coinbase Tip.

– To check out the recommended alternative Bitcoin tipping service called ChangeTip…


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