Bitcoin: another historic maximum

Bitcoin reached $6345 at Bitfinex, with $101B marketcap
30 October 2017   951

October 29 the price of the first digital currency suddenly emerged from a fairly long flat period and within the few hours made a sharp breakthrough, fixing a new record.

On the Bitfinex exchange the bitcoin price has reached the high of $6345, which is a new historical high.

Bitfinex Exchange
Bitfinex Exchange

At the moment of press, according to Coinmarketcap, the average Bitcoin price is $6123.48 with $101B marketcap and $2.6B 24h trading volume.

Bitcoin Chart
Bitcoin Chart

It is also worth noting that, together with bitcoin, the growth and most altcoins started. This, in turn, positively affects the aggregate capitalization of the cryptocurrency market. At present, the total value of the crypto currency on the market is $ 180 billion.

BitPay to Receive New York's BitLicense

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers
17 July 2018   102

The well-known cryptocurrency processing service BitPay obtained a license to work with virtual currencies in the state of New York. Known also as BitLicense, this license is issued by the New York Department of Financial Services (NYDFS) and grants its holders the ability to conduct activities related to cryptocurrencies in the state.

NYDFS has carefully studied the company's application, including its policy on measures to combat money laundering, customer identification, fraud prevention, cybersecurity. The financial situation of the company was also thoroughly analyzed.

New York state has one of the strictest policies around businesses involved in cryptocurrency and working through the approval processes to obtain a License was important to BitPay. We believe this hard work will pay off as New York presents significant business opportunities for BitPay.

Stephen Pair

CEO, BitPay

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers: the first will be able to use the company's processing services to accept payments in Bitcoin and Bitcoin Cash, the latter will pay for various goods and services using these two BitPay supported cryptos.

Note that BitPay was only the eighth company that received BitLicense. Other license holders are Square, Xapo, Genesis Global Trading, bitFlyer USA, Coinbase, Ripple and Circle. In addition, special permissions for operations with crypto-currencies are exchanged by Gemini and itBit.