Bitfinex Now Included in the CoinDesk Bitcoin Price Index

Bitfinex Now Included in the CoinDesk Bitcoin Price Index

CoinDesk has added Bitfinex to the Bitcoin Price Index (BPI) today as of 16:00 GMT. Bitfinex, which is incorporated in Hong Kong, has been on CoinDesk's radar for possible inclusion in the BPI for some time now. Over the past several weeks, and particularly since the decline of Mt. Gox, we have observed that Bitfinex has been able to sustain a dramatic increase in its share of the total volume of US dollar-denominated bitcoins traded. CoinDesk has also verified that Bitfinex meets the CoinDesk BPI criteria, which include rules ranging from minimum trade size to maximum customer withdrawal....


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Bitcoin Price Falls 14% Following Bitfinex 'Flash Crash'

Comment added from Zane Tackett, BitFinex's director of community and product development. Bitcoin's price fell 14% in a period of just 30 minutes following a 'flash crash' on exchange Bitfinex yesterday night. The CoinDesk Bitcoin Price Index had been holding steady between $250 and $255, but dropped to a low of $214.36 just before midnight (UTC). In the same period, the Bitfinex price sunk 29% to $179.35. Bitfinex, which claims to be the most liquid exchange in the world, told CoinDesk the 'flash crash' was triggered when several leveraged positions were forcibly closed in close....

CoinDesk Adds Coinbase and itBit to Bitcoin Price Index

CoinDesk is pleased to announce the addition of Coinbase and itBit to its Bitcoin Price Index (BPI). First launched in September 2013, CoinDesk's BPI provides the most accurate bitcoin price using an average from the world's leading exchanges. Boasting a BTC/USD combined trading volume of approximately $3.6m in the last 24 hours, Coinbase and itBit join previously approved exchanges Bitstamp, Bitfinex, BTC-e and OKCoin. Jon Matonis, editorial board member at CoinDesk, commented on the integration: "Coinbase and itBit have each demonstrated consistent volume and growth over a significant....

Bitcoin Price Tops $400 to Reach One-Month High

The price of bitcoin topped $400 on the CoinDesk USD Bitcoin Price Index today, its highest value over the last four weeks. The press time value of $401.83 represented the highest bitcoin price observed since 5th November, when the price hit a high of $447.25 across major USD exchanges including Bitstamp, Bitfinex, Coinbase, itBit and OKCoin. Data shows the price began its most rapid runup at 22:30 UTC on 5th December, when the price rose abruptly from $377.49 to $385.93 over a 10-minute period. So far, the price rally has continued into 6th December, with bitcoin's value up 3% over the....

CoinDesk Real-Time Bitcoin Price Ticker Now Available

CoinDesk has developed a Bitcoin Price Ticker widget that can be embedded for free into your own website or blog. We are always searching for ways to give people better access to bitcoin information, news, data and prices. With bitcoin aficionados and entrepreneurs developing new bitcoin sites every day, we felt a price ticker that displayed the Bitcoin Price Index, updated in real-time, would be a useful widget for many people. The widget displays the current Bitcoin Price Index, today's high and low, and a sparkline showing price movements over the last sixty minutes. As announced....

CoinDesk Launches Chinese Yuan Bitcoin Price Index

CoinDesk has created a new Bitcoin Price Index (BPI) based on the price and volume of bitcoins exchanged for Chinese yuan (CNY). The new Chinese yuan BPI is separate from the existing and widely referenced CoinDesk USD index, which CoinDesk will continue to maintain. The USD index and CNY index will complement each other by providing the most trusted bitcoin price in the two most commonly exchanged national currencies. Bitcoin's wild ride in China. The rise of bitcoin in China was a one of the big stories and catalysts in the latter half of 2013. Near the end of last year, CNY trading....

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