Bitcoin exceeded $7000 mark again

The price of first cryptocurrency almost fully recovered after the recent fall
15 November 2017   1239

For last few days, the price of "digital gold" is almost fully recovered. At the moment of press, 13:03 UTC, 15th of November 2017, average Bitcoin price is $7224.36.

Bitcoin Price Chart
Bitcoin Price Chart

According to Coinmarketcap, Bitcoin market parameters are:

  • Market Cap $120,448,293,154 
  • 24h Volume $3,628,630,000
  • Price growth +11.03 %

It is also worth noting that amount of unconformirmed transactions in the mempool of Bitcoin falls.

Bitcoin MemepolBitcoin Memepol 

The graph shows that the volume of unconfirmed transactions went down, which should positively affect the amount of commissions in the bitcoin network, the time of confirmation, as well as the turnover of the BTC and, consequently, the further increase in the price.

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   108

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.