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Finance CRYPTO INSIDER: Bloomberg launches a crypto index

The former Goldman Sachs trader and bitcoin king Mike Novogratz has joined with Bloomberg LP to start an index for the industry, according to a Wednesday statement from the two firms. Here's what you need to know.

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Michael Novogratz speaks at the Sohn Investment Conference in New York, May 5, 2014. play

Michael Novogratz speaks at the Sohn Investment Conference in New York, May 5, 2014.

(REUTERS/Eduardo Munoz)

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The biggest name in cryptocurrencies is partnering with one of the finance industry's old guard.

The former Goldman Sachs trader and bitcoin king Mike Novogratz has joined with Bloomberg LP to start an index for the industry, according to a Wednesday statement from the two firms. Here's what you need to know.

Here are the current crypto prices:

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(Markets Insider)

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