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New York Stock Exchange begins monitoring bitcoin value
Bitcoin's march toward legitimacy just took a hop, skip and jump with the news that the New York Stock Exchange is going to start monitoring its value. The NYSE Bitcoin Index (NYBXT) will keep a beady eye on how much the cryptocurrency is worth, relative to the US dollar, with the data being pulled from Coinbase. That way, investment types can get a quick read on how bitcoin is doing at any one time, with the value being updated at 11:00 AM ET each day.