BitcoinAverage To Provide More Accurate Bitcoin Price Index
Leading Bitcoin price index, BitcoinAverage, has announced the release of its new system. It claims to revamp the pricing index to accommodate the needs of users at every level from casual to enterprise-grade. The London-based company has been seeking to establish itself as the leading source for Bitcoin pricing since 2013 and has since been developing open-source application programming interface (API) tools to provide real-time BitcoinCT r: 8 data to mobile apps, web services and businesses worldwide. It says in the announcement that BitcoinAverage is preparing for the launch of a new....
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What started out as just Shaun Gilchrist’s hobby is developing to become the world’s first and premier price index for Bitcoin, BitcoinAverage. Basic physics describes how a simple innocent bathtub immersion inspired an innovation that has affected mankind. Archimedes did not set out to discover the principle of floatation, but ships are built today based on the principles he discovered. “There was no funding involved, it was created initially as a hobby. I wanted to provide it to the community to do my part for bitcoinCT r: 8,” said Shaun Gilchrist, founder and CEO of BitcoinAverage,....
Meet BitcoinAverage, the world’s first and premier price index for Bitcoin. “There was no funding involved, it was created initially … as a hobby. I wanted to provide it to the community to do my part for bitcoin,” said Shaun Gilchrist, founder and CEO at BitcoinAverage, whose Global Bitcoin Price Index (GBX) was the first of its kind in the industry and is still the most widely used price source for the cryptocurrency. “There was truly no goal to monetise the project, it was open source and even access to the application program interface (API) was completely free, three years later, it....
The Bitcoin Index may change significantly if exchanges which have been left out before are now considered, according to plans by BitcoinAverage. Technical market analysis usually involves mathematical calculations of certain averages and is usually influenced by the volume of trades over a given period of time. In the Bitcoin world it is known that some exchanges don’t charge fees on either side of trades. Exchanges that manipulate volume of trade. Exchanges which do not charge fees are mostly omitted on the Bitcoin index. This is usually due to the suspicion of the “faking” of the....
Bitcoin.info has officially announced its launch in a move to improve the way Bitcoin’s price is determined. With the explosion of interest in Bitcoin over the last 24 months, keywords, trademarks and domain names around bitcoin have become somewhat of a commodity. Techemy Ltd, a NZ based start-up, has secured a key domain name in the Bitcoin space: bitcoin.info. “After having spent 11 months building a stable price index (BNC Price-Index via Bravenewcoin.com), we wanted to offer the world a clean website with a solid domain name for 1 reason: Accurate Price-Discovery (and related tools).”
Price has been Bitcoin’s hot topic these past weeks, shooting to levels some are calling all-time highs but falling back before making a moonshot. But just how accurate is Kaiko’s Bitcoin Price Index at tracking these movements? This is information you need to know if your business deals with interactions between bitcoin and the fiat currency world. If....