The Bitcoin Price Index Needs Some Serious Fixing

[Editor's note: The Bitcoin Price calculation method mentioned in this article originated from the open-source project.] 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:

Company co-founder and CEO, Fran Strajnar commented on the launch:

“After having spent 11 months building a stable price index (BNC Price-Index via, we wanted to offer the world a clean website with a solid domain name for 1 reason: Accurate Price-Discovery (and related tools).”

According to Investopedia,