M. Novogratz: Bitcoin Will End the Year at $10,000

New Bitcoin and Ethereum price prediction from financial analyst and founder of Galaxy Investment Partners
22 November 2017   1728

American financial analyst and founder of the hedge fund Galaxy Investment Partners Mike Novogratz made new predictions, seeing an even faster growth of the first crypto currency.

Mike Novogratz believes that by early 2018, bitcoin has every chance of rising to $ 10,000.

We’re in the second or third inning. Because prices have moved so far people are nervous. You made a whole lot of money, there’s news, so you want to book your profit and get out.Mik
 

Mike Novogratz

Founder, Galaxy Investment Partners

Also noted that as gold has its value because people say that it has value, and the value of bitcoin is that it is based on stunning technology and has limited emissions.

Mike Novogratz also gave a forecast for the price of Ethereum, suggesting that the second on the capitalization of the cryptocurrency can enter in 2018 at around $ 500.

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.