The New York Stock Exchange announced the launching of the NYSE Bitcoin index that is meant to provide an impartial reference for valuation of Bitcoins. The index will represent the US dollar value of a single Bitcoin unit based on actual transactions on select Bitcoin exchanges that have been pre-selected and meet NYSE’s criteria — although initially, it appears the index will be solely derived from data on transactions on the Coinbase Exchange (NYSE made a minority investment in Coinbase earlier this year). The Bitcoin index will be based on a value as of 4:00 p.m. London time each day, and will be published a short period afterwards.