19 Feb '14, 9pm

The Winklevoss Twins Are Creating A New Bitcoin Price Index Called The 'Winkdex'

The Winklevoss Twins Are Creating A New Bitcoin Price Index Called The 'Winkdex'

"Math-Based Asset Index, LLC (“Index Provider”) [the twins' firm — ed. ] developed, calculates and publishes Winkdex on a continuous basis using a patent-pending mathematical formula developed for such purpose. The formula provides a volume-weighted, exponential moving average market price by blending trading data from the largest Bitcoin Exchanges by volume on a list of Sponsor-approved Bitcoin Exchanges. Bitcoin Exchange criteria for inclusion as a Winkdex constituent include (i) trading denominated in US Dollar, (ii) availability of trading data, (iii) volume criteria and (iv) lack of recent trading halts. The Index Provider maintains a monitoring system that tests for these criteria on an ongoing basis."

Full article: http://www.businessinsider.com/here-comes-the-winkdex-2014-2

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