To the moon: Bitcoin price exceeds $6,000

Bitcoin price hits new all-time high at $6,054 mark
21 October 2017   1231

On October 20th, the Bitcoin price achieved a new all-time high at $6,054. 

Bitcoin price chart on bitcoinwisdom.com
Bitcoin price chart on bitcoinwisdom.com

As shown from the chart of the Bitfinex exchange, the highest volume BTC/USD exchange, in the last few hours there has been an abrupt increase in trading volume, thanks to which the price of "digital gold" has surged.

Indeed, it seems like hardly anything can stop Bitcoin: in the last month, China banned ICOs and Bitcoin exchanges, South Korea banned ICOs, while the US SEC stepped up scrutiny of ICOs. And nothing of it really matters. 

Bitcoin price chart on coinmarketcap.com
Bitcoin price chart on coinmarketcap.com

At the time of writing, the top cryptocurrency price is just slightly lower and is about $5979.76, its market capitalization is $99,479,508,611.

Obviously, rates are rising in anticipation of the upcoming hardfork. We'll keep you updated. 

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.