Moved old COPYING.md to LICENSE, and updated with current language.
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COPYING.md
-# Licensing terms
-
-This project is licensed under the terms of the Modified BSD License
-(also known as New or Revised or 3-Clause BSD), as follows:
-
-- Copyright (c) 2001-2015, IPython Development Team
-- Copyright (c) 2015-, Jupyter Development Team
-
-All rights reserved.
-
-Redistribution and use in source and binary forms, with or without
-modification, are permitted provided that the following conditions are met:
-
-Redistributions of source code must retain the above copyright notice, this
-list of conditions and the following disclaimer.
-
-Redistributions in binary form must reproduce the above copyright notice, this
-list of conditions and the following disclaimer in the documentation and/or
-other materials provided with the distribution.
-
-Neither the name of the Jupyter Development Team nor the names of its
-contributors may be used to endorse or promote products derived from this
-software without specific prior written permission.
-
-THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS AND CONTRIBUTORS "AS IS" AND
-ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED
-WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE
-DISCLAIMED. IN NO EVENT SHALL THE COPYRIGHT OWNER OR CONTRIBUTORS BE LIABLE
-FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL
-DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR
-SERVICES; LOSS OF USE, DATA, OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER
-CAUSED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY,
-OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE
-OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
-
-## About the Jupyter Development Team
-
-The Jupyter Development Team is the set of all contributors to the Jupyter project.
-This includes all of the Jupyter subprojects.
-
-The core team that coordinates development on GitHub can be found here:
-https://github.com/jupyter/.
-
-## Our Copyright Policy
-
-Jupyter uses a shared copyright model. Each contributor maintains copyright
-over their contributions to Jupyter. But, it is important to note that these
-contributions are typically only changes to the repositories. Thus, the Jupyter
-source code, in its entirety is not the copyright of any single person or
-institution. Instead, it is the collective copyright of the entire Jupyter
-Development Team. If individual contributors want to maintain a record of what
-changes/contributions they have specific copyright on, they should indicate
-their copyright in the commit message of the change, when they commit the
-change to one of the Jupyter repositories.
-
-With this in mind, the following banner should be used in any source code file
-to indicate the copyright and license terms:
-
- # Copyright (c) Jupyter Development Team.
- # Distributed under the terms of the Modified BSD License.

Moved old COPYING.md to LICENSE, and updated with current language.