Archives

August 15, 2022 @ 10:22 am By JD Alois  |  

Gregory Klumov, CEO of STASIS – an issuer of a Euro stablecoin, has issued a statement criticizing Circle’s decision to freeze USDC that is parked in Tornado.Cash addresses. Circle, the issuer of the second largest stablecoin in the market, took the action following the US … Read More

August 11, 2022 @ 12:20 pm By JD Alois  |  

Anchorage Digital, a federally chartered digital asset bank, has partnered with well-known funding platform and talent board AngelList to invest using USDC. AngelList and Anchorage say they are bridging the gap between fiat currency and VC funding. AngelList, as an online investment platform, has helped… Read More

July 3, 2022 @ 10:24 pm By Omar Faridi  |  

  Analysis of online jobs data has found that digital currency exchange Kraken is “leading” the crypto recruitment charge. The company is looking “to fill over 650 new positions in the past week in the UK and United States.” Further analysis shows that Jack Dorsey’s… Read More

June 20, 2022 @ 12:43 pm By JD Alois  |  

Circle, the issuer of dollar-based stablecoin USDC, has published a blog post, authored by COO Elisabeth Carpenter, touting its resilience during a challenging period in the crypto markets. As certain platforms fumble or shutter redemptions, Circle is giving the all-clear sign stating that it continues… Read More

June 17, 2022 @ 8:36 am By Omar Faridi  |  

Circle Internet Financial, a global internet finance firm and issuer of USD Coin (USDC), announced that it is preparing “to issue a fully-reserved, euro-pegged stablecoin from the United States called Euro Coin (EUROC).” Available June 30, Euro Coin is “a regulated, euro-backed stablecoin issued under… Read More

June 11, 2022 @ 2:03 pm By Omar Faridi  |  

Circle has announced that they have signed agreements to acquire CYBAVO, which is a “breakthrough” crypto tech firm. Established in 2018, CYBAVO claims that it is a pioneer in core crypto security, custody, operations, and blockchain infrastructure platform services, “providing services to leading firms across… Read More

June 8, 2022 @ 2:09 pm By JD Alois  |  

The New York State Department of Financial Services (DFS) has announced new guidance on dollar-based stablecoins which are issued by firms regulated by the DFS. The guidance does not apply to USD-backed stablecoins listed, but not issued, by DFS-regulated entities. Superintendent Adrienne A. Harris commented… Read More

May 12, 2022 @ 8:51 am By JD Alois  |  

Early bird Circle CEO and founder Jeremy Allaire took to Twitter today to tout USDC, Circle’s dollar-based stablecoin while throwing shade at competitor Tether (USDT) – a competing dollar-based stablecoin. USDC/USDT is the trade of the day. Flight to quality. — Jeremy Allaire – jda.eth… Read More

April 26, 2022 @ 12:11 pm By JD Alois  |  

In recognition of the 10-year anniversary of the signing of the JOBS Act of 2012 – the legislation that legalized online capital formation, SeedInvest and parent company Circle have announced a Community Pitch Competition. The goal is to provide access to capital, networking, and business-building… Read More

April 25, 2022 @ 4:25 pm By JD Alois  |  

Stripe, the global payments platform, is partnering with Twitter to enable payments with cryptocurrency. In a blog post on Friday, Stripe said they are introducing crypto payouts for Connect. Stripe Connect is a set of programmable APIs and tools that allow a user to build… Read More

April 18, 2022 @ 1:27 am By Omar Faridi  |  

Three years ahead of the 2025 deadline for completion, Banking Circle has reportedly  “adopted the ISO20022 messaging standard.” A single common format for all financial communications, ISO20022 “allows participants and systems in different markets to communicate in a consistent message format, using agreed terminology.” Laust… Read More

April 12, 2022 @ 9:53 pm By JD Alois  |  

Circle, the second largest stablecoin issuer in the world (USDC), has raised more money. The $400 million investment was backed by BlackRock,  Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. Circle said in a public statement that the round would close in Q2…. Read More

March 21, 2022 @ 10:16 am By JD Alois  |  

Circle, a digital asset platform that powers a leading dollar-based stablecoin, USDC, has reported an information breach via a third-party service provider – Hubspot. According to an email distributed by Circle, HubSpot has “confirmed that an unauthorized bad actor accessed certain client data from several… Read More

January 31, 2022 @ 9:54 am By JD Alois  |  

Circle has announced support for USDC on the Flow network. Flow is -a Web3 platform originally created by Dapper Labs, that includes an ecosystem of NFT projects including NBA Top Shot, BALLERZ, Matrix World, and others. USDC is the second-largest stablecoin by market cap in… Read More

January 17, 2022 @ 10:29 am By JD Alois  |  

Towards the end of 2021, Amazon UK distributed an email to its customers stating it would stop accepting Visa cards for purchases beginning January 19, 2022. Today, it is being widely reported that Amazon has backed away from that decision. According to AP, Amazon has… Read More

January 12, 2022 @ 12:05 pm By JD Alois  |  

Chairman of the Federal Reserve Jerome Powell spent much of yesterday testifying in front of the US Senate Banking Committee as part of his nomination process. It is anticipated that Powell will easily be approved by the Committee as well as the full Senate for… Read More

December 23, 2021 @ 12:06 pm By JD Alois  |  

Earlier this month, the US Senate Banking Committee held a hearing on stablecoins that involved advocates and those who believe they are bad. The short hearing saw witnesses grilled with the Democrats generally dismissive and the Republicans in support of digital assets tied to fiat… Read More

December 16, 2021 @ 6:08 pm By JD Alois  |  

Following the House Financial Services Committee hearing on cryptocurrency last week, the Senate Banking Committee held a related hearing to discuss the stablecoin market. Entitled Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?, the Senate Banking Committee had a single… Read More

December 8, 2021 @ 10:07 pm By JD Alois  |  

Earlier today (December 8, 2021), the House Financial Services Committee held a hearing on digital assets. As was previously reported, the witnesses included top crypto executives and thus provided the opportunity for a unique discussion between House members and crypto entrepreneurs. Chairwoman of the Committee,… Read More

November 23, 2021 @ 9:16 am By JD Alois  |  

Circle, a digital asset firm that is a top stablecoin issuer and owner of investment platform SeedInvest, has invested $10.5 million in Crowdcube. The total funding round was $13.5 million. Circle’s investment in Crowdcube was made via USD Coin (USDC) – a dollar-based stablecoin. The percentage… Read More