Crypto index and data on 17 Crypto assets launched by Bitmain

A cryptocurrency price index has just been published by one of the world's largest producers of digital currency extraction hardware. The Chinese crypted hardware manufacturer Bitmain has just published its cryptocurrency index. The company will provide market data by market capitalization for 17 of the largest digital assets. Bitmain today announced the move via its website, BTC.com.

According to the post, the new Bitmain price index has been adapted to both institutional and individual investors. He said:

"The index tracks the performance of the largest and most liquid digital currency on the market and is denominated in US dollars".

The index draws price information from the world's largest cryptocurrency grants. In order to help decide which trading venues are eligible to offer the service, Bitmain validates each based on its reputation, regulatory compliance, price lucidity, stability and trading volume.

The exchanges that have obtained the score so far are: Bitfinex, Bitstamp, Bittrex, Binance, Gemini, GDAX, Itbit, Huobi, OKEX, Kraken and Poloniex.

Bitmain will assign visitors to the index with a real-time price that updates per second, along with a daily reference price. This last aspect will be updated every day at 10 am (GMT +8).
The coins chosen by Bitmain are: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), EOS, XRP, Litecoin (LTC), Dash, NEO, Cardano (ADA), Monero (XMR ), Tron (TRX), Lumens (XLM), Icon (ICX), Zcash (ZEC), IOTA and OmiseGo (OMG).

Together with 17 individual digital currency indices, Bitmain has also developed a combined index of the 10 best encrypted. This will be identified as the Bitmain Large Cap 10 index (BLC10). According to the Chinese company, the BLC10 will be:

"A complete index of market capitalization weightings, equal to over 90% of the market value of the digital currency of the market, which covers classes of currencies, classes of decentralized platforms and anonymous digital asset classes".

In other news about Bitmain, the Chinese mining hardware manufacturer received a collective lawsuit from one of its American customers. The case claims that Bitmain has revised its ASIC cryptocurrency mining chips to receive mine premiums and transaction costs for the company rather than for customers themselves.

The complaint is a Los Angeles resident named Gor Gevorkyan. However, the case is in the name of all US customers of Bitmain. Gevorkyan hopes this is about 100,000 people. He plans to sue the mining giant for over $ 5 million.

However, the cause is just the tip of the iceberg regarding current Bitmain problems.

The listing plan on the Hong Kong Stock Exchange revealed some doubtful data concerning the company's shares. This led to a complete reorganization of the Board of Directors. The once unquestionable pioneer in the mining hardware industry is technologically behind other companies that also develop ASIC chips.