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Topic: Bitcoin Price Jumps as Square Case gets a BitLicense from New York State (Read 255 times)

newbie
Activity: 88
Merit: 0
Its indeed a good news.But it is little bit upsetting that the price didnt jump that much. I think its a indication that very soon the price will rise.All we need to do is to wait
sr. member
Activity: 1470
Merit: 325
Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/





bitlicense is corruption and scam, in new york

a bunch of billionaires what to basically scam the entire new york population by creating something called "bitlicense" in order to secure themselvesw supply of money earning cattle.

wonder why people take it serious
legendary
Activity: 1596
Merit: 1034
I have not felt the bitcoin price spike from the news you share and it seems that bitcoin price movements are no longer influenced by the news circulating because investors and bitcoin holders are already smart to make decisions on market crypto.
newbie
Activity: 266
Merit: 0
Actually I do not agree with such statement. I don't surmise that the cost bounced however this is some uplifting news. It's nothing real right presently except for its only one all the more little positive development and it reminds individuals’ bitcoin is still extremely applicable. But the news is really a good indicator for bitcoin investors.
sr. member
Activity: 676
Merit: 319
Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/





I think that the price of bitcoin has grown because of other reasons. Namely, the interest of new people to buy bitcoins
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/




Okay, this certainly sounds like good news, but I don't see the price jumping up. On coinmarketcap the 24h change is 0.54% which is really nothing. The price is still extremely low, but if there were more pieces of news like that, perhaps people would start to invest in bitcoin more. I can see there's some change in the usage of bitcoin. Today my friend was buying a keyboard online and there was an option to pay in the online shop by using bitcoin as well as debit cards. We need real use cases for the market to truly recover.
hero member
Activity: 1078
Merit: 514
As I noticed good news about crypto do not bring new pumps anymore, the society reacts calmly, so I also doubt that it is going to be like pump pump, brobably bitcoin will come back to 7000$ and will freeze on this price for some time again.
full member
Activity: 224
Merit: 100
I think the other thing that also pumped the price a little was the announcement that Tether can prove that every Tether are
fully backed by USD reserves. Source//: https://tether.to/fss-report-transparency-update/  This might have soothed some
investors nerves and this might spark a new round of investments in all Crypto currencies, including Bitcoin. The BitLicense
impact will take some time, before it is reflected in the price.  Wink
they shows a law firm
Quote
    Tether’s anti-money laundering (“AML”), Bank Secrecy Act, and Office of Foreign Assets Control Program;
    Tether’s AML/Anti-Terrorist Financing Risk Advisory Report from 2018;
    Extensive documentation on Tether’s account registration process and procedures and its AML system and compliance policies;
    An unredacted consulting report issued by a professional services firm retained by Tether;
    Complete account opening paperwork and materials concerning Tether’s accounts with its banks;
    Tether’s banking policy, banking access policy, and internal controls, including as they relate to the issuance of new Tethers;
    Financial information related to Tether;
    Tether’s registration as a money services business with and under the Financial Crimes Enforcement Network;
    Documentation and materials with respect to Tether’s personnel and its corporate structure; and
    Materials concerning the number of issued and outstanding Tethers, both historically and currently.

.. just friggen show a bank statement with balance
P.S just like circle is doing.. and like paypal done.. whenever offering a custodial service to hold funds as a balance measured 1:1 as dollar. you need a friggen bankers licence not a a money service business licence.

in short tether is still schemy and scammy but goes all out to throw hundreds of different documents at a law firm to look innocent but not show 1 single piece of paper with a bank balance into the open transparent public arena called the internet
No kidding huh? Hard to believe a crypto with that much dominance and presence in the field, can't submit an audit. It seems highly shady to me and because of that I haven't used them as a reserve currency despite the fact they are "stable". If you are so stable, show your hand please.
jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
If bitthumb didn't get hacked this news would have pumped bitcoin to well over $7000 but i guess on the bright side it has lessened the blow. A huge exchange getting hacked could have dumped it even more. This news kind of keeps the price stable for now
legendary
Activity: 4410
Merit: 4788
I think the other thing that also pumped the price a little was the announcement that Tether can prove that every Tether are
fully backed by USD reserves. Source//: https://tether.to/fss-report-transparency-update/  This might have soothed some
investors nerves and this might spark a new round of investments in all Crypto currencies, including Bitcoin. The BitLicense
impact will take some time, before it is reflected in the price.  Wink
they shows a law firm
Quote
    Tether’s anti-money laundering (“AML”), Bank Secrecy Act, and Office of Foreign Assets Control Program;
    Tether’s AML/Anti-Terrorist Financing Risk Advisory Report from 2018;
    Extensive documentation on Tether’s account registration process and procedures and its AML system and compliance policies;
    An unredacted consulting report issued by a professional services firm retained by Tether;
    Complete account opening paperwork and materials concerning Tether’s accounts with its banks;
    Tether’s banking policy, banking access policy, and internal controls, including as they relate to the issuance of new Tethers;
    Financial information related to Tether;
    Tether’s registration as a money services business with and under the Financial Crimes Enforcement Network;
    Documentation and materials with respect to Tether’s personnel and its corporate structure; and
    Materials concerning the number of issued and outstanding Tethers, both historically and currently.

.. just friggen show a bank statement with balance
P.S just like circle is doing.. and like paypal done.. whenever offering a custodial service to hold funds as a balance measured 1:1 as dollar. you need a friggen bankers licence not a a money service business licence.

in short tether is still schemy and scammy but goes all out to throw hundreds of different documents at a law firm to look innocent but not show 1 single piece of paper with a bank balance into the open transparent public arena called the internet
hero member
Activity: 1330
Merit: 569
Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/


This is good news and I am happy to see some green happening after several days but streamlining all of the green that we have seen to this singular news will be an overreaching, overbearing reducing how the growth of bitcoin in its entirely. The green being witnessed has been happening in a graduated way since the past two days and alot I am just seeing this news now which means a whole lot of people might also just be seeing it without the news having any bearing on their trading and investment decisions.

Reading the entire article, I can conclude that the article is neither about bitcoin, or about the license neither did it talk about the rules and regulations that it is expected to comply with but more of self glorification on how the company has been able to soar in share price and becoming stronger with this new license that it has acquired. The sum of it is concluding that its license increase the price of bitcoin forgetting that its the 7th company such license to have been issued.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
I think the other thing that also pumped the price a little was the announcement that Tether can prove that every Tether are

fully backed by USD reserves. Source//: https://tether.to/fss-report-transparency-update/  This might have soothed some

investors nerves and this might spark a new round of investments in all Crypto currencies, including Bitcoin. The BitLicense

impact will take some time, before it is reflected in the price.  Wink

that is good news I was not aware of this.

well that's another huge cloud seemingly vanquished.
newbie
Activity: 112
Merit: 0
Good news for market! in general now a lull that something is expected. I believe that up no down Smiley
legendary
Activity: 4410
Merit: 4788
jumped?

unless there is a 10%+ rise that then remains. there is no 'jump'
1-10% movements daily/weekly are normal.

i think the op needs to expand his chart away from the hourly /daily view where 1-3% movements look massive on display. and instead take a look at the monthly price to notice any drastic out of place movements in more of a wider landscape.

and if more drastic movements beyoond the norm occur then find the news worthy reason for why the price might have actual underlying value reasons a price should increase and stay at a new LOW. rather than social drama/adoption that comes and goes frequently
legendary
Activity: 1904
Merit: 1074
I think the other thing that also pumped the price a little was the announcement that Tether can prove that every Tether are

fully backed by USD reserves. Source//: https://tether.to/fss-report-transparency-update/  This might have soothed some

investors nerves and this might spark a new round of investments in all Crypto currencies, including Bitcoin. The BitLicense

impact will take some time, before it is reflected in the price.  Wink
full member
Activity: 448
Merit: 100
I just saw this development and it is a very promising one. However, i have only noticed a little rise in the price of Bitcoin and not a jump. I am hopeful that we will see more impact of this news as more people hear of the it.
full member
Activity: 324
Merit: 100
Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/





this is great news, we know New York is the center of one of the major cities in the United States. this will have a huge impact, with this news will provoke bitcoin market turmoil for the better.  Wink
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
this is obviously being held down now after so much good news lately anyway ...... although when they are ready to let it rise and push it up that will be a nice little ride waiting to happen.

hero member
Activity: 2702
Merit: 716
Nothing lasts forever
I wouldn't say that the price has spiked up but would rather say that the price has recovered from the recent price fall due to the hack of the exchange.
The price is now pretty much the same as 2 days ago. We could have called it a spike if the price would have increased by a $1000 .
The news is good though since it might lead many investors to invest more into BTC. These kind of positive news is much needed in the market right now.
full member
Activity: 448
Merit: 109
Sadly this goes to another click bait tittle, good job OP! Anyways I don't see any huge increase within prices as bitcoin is doing within these prices like for a while now. It could mean maybe tommorow for price increase but honestly this doesn't give me any reason. As honestly first time I hear about square and NY, remember USA is not the only country that has crypto lovers, neither is the NYC the only city out there with people who have crypto.
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