Bitcoin exceeds $8500 mark

The price of Bitcoin is skyrocketing reaching a new all time high and rising to more than $8500
25 November 2017   1069

The price of Bitcoin was showing a fast development recently moving in the upwards direction and growing by 11,83% within past 7 days and by 5% within past 24 hours. Bitcoin rose from the price of $7940 on November 24, when the market capitalisation was $132 billion, to the price of $8714 on November 25 with market capitalisation of $145 billion, crossing the point of $8500 at 12:20 UTC.

Bitcoin charts nov 2017Bitcoin Charts

Such a significant rise of the currency may be connected with the recent spreading news of Bitcoin Diamond which turned out to be another Bitcoin fork.

It is worth reminding that Bitcoin was steadily rising throughout November 2017, reaching price of $6700 and than exceeding mark of $7000 despite its price fall on November 10.

Currently, Bitcoin is being actively traded at the following exchanges:

  • Bitfinex
  • Bithumb
  • GDAX
  • Poloniex
  • HitBTC
  • Bittrex
  • Bitstamp

Bitcoin markets exchanges november 2017Bitcoin Markets

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $8647.55
  • Marketcap: $144,423,917,264
  • 24h volume: $4,362,670,000

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   87

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.