CME Group to publish daily bitcoin settlement price

Bitcoin is a web-based “cryptocurrency” used to move money around quickly and anonymously with no need for a central authority. But while some champion it as the digital money of the future, it is often dismissed as a currency that is too volatile to invest in.

Last year, the New York Stock Exchange, owned by the ICE, started the first daily, exchange-calculated bitcoin index.

Also on Monday, the BBC reported that an Australian tech entrepreneur said he had created the digital currency.

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Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. The information does not constitute investment advice or an offer to invest.