Bitcoin developer released SegWit2x statement

Jimmy Song believes that the most of the SegWit2x related forecasts are incorrect
08 November 2017   769

Jimmy Song, one of the Bitcoin developers published own thoughts on the upcoming Bitcoin hardfork, called SegWit2X. Let's look what he thinks.

I’m going to go through a few of the scenarios. Big caveat is that I don’t expect any of these scenarios to come to pass.
 

Jimmy Song

Bitcoin developer

On his opinion, the real situation is much more complicated. Next six month after the hardfork will decide Bitcoin's destiny, due to the fact that miners need some time in order to figure out, which coin is more profitable. 

A static, first order estimation of the current situation suggests that the current futures market price and current mining split is not stable economically. The people on different sides of the debate essentially stand on different sides of what will correct.
 

Jimmy Song

Bitcoin developer

Jimmy also promised to publish more thoughts in the nearest future.

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   101

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.