Bitcoin price rise

Rapid price rise of Bitcoin is caused by the BTCC's support of BIP91 and SegWit2x
20 July 2017   3092

CEO of the Chinese BTCC exchange Bobby Lee announced that their mining pool began signaling the simultaneous support of two solutions for scaling bitcoins - SegWit2x and BIP 91.

In his Twitter message, Bobby Lee reported that more than 90% of the pool servers support the BTC1 protocol (SegWit2x), which was signed by New York in May, and also expressed the hope for the early activation of BIP 91, which is a modified version of SegWit2x.

A few minutes later Bobby clarified that now 100% of the pool's mining capacities are directed both at full support of BTC1 and on the signaling of BIP 91.

According to, currently 83.3% of the last 144 blocks support the BIP 91 protocol. chart

BTCC statement had a positive effect on the price of bitcoin. Now it's $2586.98 and continues to grow. 

Bitcoin Charts
Bitcoin Charts

Tone Vays, business analytic, gave his comment too. According to him, today's rapid rise in the price of bitcoin was a response to the growing support of BIP 91 and, as a result, the increasingly more active activation of the Segregated Witness protocol.

At the same time, as Tone said, Slush Poo hadn't stated the support of BIP 91, which is expected to launch this process during today.


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.