New York Stock Exchange Launches Bitcoin Pricing Index NYXBT

New York Stock Exchange Launches Bitcoin Pricing Index NYXBT

The New York Stock Exchange today launched its NYSE Bitcoin Index (NYXBT) to track the price of bitcoin and give the digital currency's value a definitive global benchmark. This move by one of the largest and most influentialstock exchanges in the world gives bitcoin new legitimacy and "gravitas" and may seal its spot in first place as the digital currency of choice. New York Stock Exchange President Thomas Farley made the announcement today saying in a news release:"Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or....


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New York Stock Exchange Launches Bitcoin Price Index

The New York Stock Exchange (NYSE) has today announced the launch of a bitcoin price index (NYXBT). NYXBT will represent the daily US dollar value of one bitcoin at 4pm (BST) and will be published on the NYSE Global Index Feed (GIF). For a limited period it will also be viewable on the NYSE's website. Thomas Farley, NYSE group president, said in a statement: "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." He added: "As a global index leader and administrator of ICE LIBOR,....

New York Stock Exchange Changing for Bitcoin

For all the naysayers, all the critics, all the people who pronounced bitcoin dead based on nebulous metrics like its value against a U. S. Dollar, bitcoin is winning the war. Bitcoin continues to grow, evolve, and gain acceptance with industry leader after industry leader, much to the mainstream's chagrin. If you are a part of the financial status quo, get your frown ready. The New York Stock Exchange, the world's largest currency and commodity exchange has announced that it will create a special bitcoin pricing index. This brand-new index will be seen on the NYSE Global index feed and be....

Why CME, ICE Pricing Data Are About to Boost Bitcoin

Mainstream exchange embrace of Bitcoin could lead to less volatility and further acceptance and new opportunities. In what can be seen as a mainstream financial world’s embrace of Bitcoin, the Chicago Mercantile Exchange (CME Group) and Intercontinental Exchange Inc. (ICE) are all set to publish data on prices of Bitcoin. CME Group is likely to start publishing this data in the fourth quarter of 2016 while ICE, the owner of the New York Stock Exchange (NYSE) is considering if it should include data from various exchanges for a daily settlement price which it has been publishing....

NYSE to Introduce New Bitcoin Price Index

The New York Stock Exchange (NYSE) is reportedly planning to introduce a special global price index to value Bitcoin, a decentralized digital currency-cum-technology. As reported by Mashable, the world's largest stock exchange is in the process to launch the Bitcoin price index through its Global Index Feed. It is further planning to make the index available free on its website, though for a limited time. The news website also managed to obtain a quote from the NYSE's President, Mr. Tom Farley, who confirmed their plans to launch the Bitcoin index. "We are now going to use our name,....

NYSE Chairman Gives His Point of View on Bitcoin and Blockchain

NYSE Chairman Jeffrey Sprecher recently appeared on CNBC's "Power Lunch" where he briefly expressed his views on the digital currency Bitcoin, and its underlying technology Blockchain. The Wall Street veteran said that the millennials trust Bitcoin more than they trust the government-backed fiat currencies, and further acknowledged its potential to be a game-changer. By making references to other progressive software applications, Sprecher stated: "Young people, Millennials, trust their app and how many stars you give a driver, more than they trust the New York Taxi Department who vets and....

Quotes

Bitcoin is the cautious expression of a rebellious identity. Using Bitcoin is an effete act of rebellion, a week resistance like wearing a hoodie or getting a tattoo that's well covered by your work clothes.

W. Ben Hunt - Chief Risk Officer of Salient Partners