Rebuttal: GBMiners denies leaving SegWit2x agreement

GBMiners, India’s largest Bitcoin mining pool operator, clarifies the SegWit2x agreement leaing information
31 October 2017   629

On October 27, Charlie Lee revealed that GBMiners, a major mining pool operator, has stopped signaling for the SegWit2x hardfork expected to occur in mid-November.

Now the company clarifies that it has not pulled out from the SegWit2x (NYA) agreement. In particular, the GBMiners team explains that its mining pool briefly stopped signaling for SegWit2x because it had been testing for a few upgrades. 

We are testing for few upgrades. We haven’t pulled out of NYA.
 

GBMiners team

Thus, the information provided by Litecoin creator turned out to be not quite true. However, GBMiners only accounts for a small percentage of the global Bitcoin hashrate (at around 2.5%), while other major mining pools like F2Pool, which accounts for 14% of the Bitcoin hashrate, has pulled out of the SegWIt2x agreement.

As shown, the hash power of pools that have pulled out of the agreement has increased massively in the past week.

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   85

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.