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, ICE Futures US Dollar Index and many other notable benchmarks, we are pleased to bring transparency to this market."The bitcoin price index will use data from transactions taking place on San Francisco-based bitcoin exchange Coinbase.However, a statement released by the NYSE said that it would continue to review other bitcoin exchanges to see whether they met the criteria required for inclusion in the index.

"The NYSE Bitcoin suite of indices is anticipated to grow, with new indices introduced over time."The move comes after the Wall Street stock exchange invested in Coinbase's $75m Series C funding round, which closed in January this year.ato on bitcoinSpeaking to CoinDesk following the announcement, Farley said: "With this investment, we are tapping into a new asset class by teaming up with a leading platform that is bringing transparency, security and confidence to an important growth market."bitcoin earn apkThe NYSE is not the only firm on Wall Street investing in the digital currency.ethereal filter port numberMultinational banking giant Goldman Sachs recently participated in a $50m funding round raised by bitcoin financial services startup Circle.ethereum check address balance

Just last month, developers at the Bank of New York Mellon Corp were revealed to be experimenting with bitcoin's open-source code on the bank's new corporate recognition program. The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.bitcoin-qt show private keysHave breaking news or a story tip to send to our journalists?ethereal money maneContact us at [email protected]/* */.

Note: Quote Data is Delayed At Least 15 Minutes Market Data is delayed by 15 minutes and is for informational and/or educational purposes only.In certain circumstances, securities with respect to which the relevant exchange has commenced delisting proceedings may continue to be traded pending appeal of that determination.To view a list of securities that are subject to delisting, including those that continue to be traded pending appeal, please click here.CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor?s Financial Services, LLC, The CUSIP Database, � 2017 American Bankers Association."CUSIP" is a registered trademark of the American Bankers Association.Yield data is for informational purposes only.With Its $10 Billion U.S.Factory Plan, the World's No.1 Electronics Company Just Spotlighted a "Must-Own" Tech Stock We have a maxim here that I repeat over and over again – with good reason.This maxim is super simple… and very powerful.

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X Edit Favorites Enter up to 25 symbols separated by commas or spaces in the text box below.These symbols will be available during your session for use on applicable pages.X experience Background Color Selector Quote Search .If, at any time, you are interested in reverting to our default settings, please select Default Setting above.X Please confirm your selection: You have selected to change your default setting for the Quote Search.This will now be your default target page; unless you change your configuration again, or you delete your cookies.Are you sure you want to change your settings?The value of the electronic currency Bitcoin is creeping back toward $1,000 again.People keep describing this price behavior as "crazy" and "insane," but it's actually not that surprising.Earlier this spring, when Bitcoin was trading at about $90, I " raised my Bitcoin target" to $400.This was an inside joke that referenced an old price target of mine.

I don't actually have a Bitcoin target.But I was getting at a more profound point: $400 is a perfectly reasonable target for Bitcoin.As is $10,000 or $100,000 or $1 million.Related: Bitcoin's Price Swings Threaten Its Chance of Being a Real CurrencyThis is because Bitcoin has no intrinsic or determinable value.Bitcoin's adherents refer to it as a "store of value," but Bitcoin is only a "store of value" because, right now its price keeps going up.Unlike gold or dollars or other things that have widely accepted utility, Bitcoin's price is currently determined entirely by what someone else is willing to pay for it.Right now, because Bitcoin's price is going up, and Bitcoin is in relatively short supply, people are willing to pay almost $1,000 for it.And the ever-increasing demand for Bitcoin will keep driving the price up until people don't want to buy or hold it anymore.At that point, by the way, unless Bitcoin has become widely accepted as a legal means of exchange (as "money"), the price of Bitcoin will collapse.

And anyone who thinks the price of Bitcoin can't collapse all the way to zero is delusional.I have written extensively about Bitcoin.I have explained that Bitcoin is actually fulfilling a need for a new kind of currency, one that is as anonymous as cash but can be instantly transferred with no cost, hassle, or taxes anywhere in the world.I have explained why Bitcoin is the perfect asset for a bubble.(Because there is no real way to value it.)I have explained why Bitcoin speculators are just laughing at everyone who thinks they are idiots for buying Bitcoin.(Because Bitcoin's price could theoretically rise 1,000%, 10,000%, 100,000%, or more, whereas the most you can lose on your Bitcoin investment is 100%)And I have explained that Bitcoin prices could go "vastly higher from here."(I first said this when Bitcoin was $90.It's just as true today.)I also think the odds are that Bitcoin will probably prove to be a gigantic bubble, like Beanie Babies, Pogs, or, yes, tulip bulbs.Bitcoin has all the hallmarks of bubbles, including:I have also described some of the major risks that could break the Bitcoin spell and lead to a price collapse.

The biggest of these, I think, is that Bitcoin won't ever become widely accepted as a means of exchange — either because governments ban it or because it remains complicated and shadowy.(One of the biggest advantages of "dollars" is that they are accepted everywhere and are extremely easy to use.Bitcoin isn't.)I do think the world is ready for a simple, global, electronic currency, and that Bitcoin has a shot at becoming that.But this success is the farthest thing from guaranteed.Having said that, I want to be clear about something: In the months and years before we know the ultimate fate of Bitcoin, the price could do absolutely anything.There is no limit to the price that Bitcoin could attain.There is no theoretical difference between a price of $1 per Bitcoin and $1 million per Bitcoin.The only thing that will determine Bitcoin prices is what people are willing to pay for Bitcoins.And if enthusiasm about Bitcoin continues to move beyond a small group of digerati, cryptologists, and hard-money fanatics, Bitcoin's price could go vastly higher.It is reasonable to think that Bitcoin's price could go to $1 million or more.