Tagged: circle

Global Fintech Circle Partners Bolivarian Republic of Venezuela and Airtm to Provide Aid to Nation’s Residents with USDC Stablecoin

Global Fintech firm Circle has teamed up with the Bolivarian Republic of Venezuela and Airtm in order to provide aid to Venezuelan residents using the USDC stablecoin. According to a release, the initiative has been introduced with government support and notably marks “a global first”… Read More

Circle Joins Forces With Ripio To Accelerate USDC Stablecoin Adoption Throughout Latin America

Global fintech Circle announced on Thursday it has joined forces with Latin American crypto company Ripio to support the acceleration of USDC stablecoin adoption across Latin America. “To service increasing demand for USDC across the region, Ripio is working with Circle in order to implement… Read More

OCC Issues Interpretive Letter on Banks and Stablecoins, SEC Comments on its Position Regarding Digital Assets

The Office of the Comptroller of the Currency (OCC), part of the US Department of Treasury, has issued an interpretive letter pertaining to banks and federal savings entities pertaining to “certain stablecoins.” Stablecoins are digital currencies that are based on a fiat currency or specific… Read More

USDC Now on Algorand Bringing “Major Scalability and Performance Improvements”

The Centre Consortium has announced that USD Coin or USDC is now using Algorand – the second major blockchain after Ethereum to offer native support for the stablecoin. The Centre Consortium was founded by Circle and Coinbase – the creators of USDC which was announced… Read More

Crowdfunding Boom: SeedInvest Experiences an Increase in Investment Activity During COVID-19

SeedInvest is a leading investment crowdfunding platform in the US that lists securities under the full stack of securities exemptions including Reg CF, Reg D, and Reg A+. More than $200 million has been invested via the crowdfunding platform. SeedInvest has long touted its selectivity… Read More

BCB Group Forms Partnership With Circle For USDC Stablecoin Payments, Clearing, & Custody Demand

Global digital asset financial service company BCB Group announced on Thursday it has formed a partnership with U.S. fintech Circle. BCB reported that it will be implementing the full range of Circle platform functionality to improve the speed, efficiency, and cost of client payments as… Read More

Digital Currency Group, Parent of Genesis, Commits $25 Million to Circle

Circle, a digital asset ecosystem that is focusing on stablecoins, has received a $25 million investment from the Digital Currency Group – parent of Genesis. Once more of a crypto-exchange, Circle has pivoted a bit to service other sectors of digital assets. In Q2 of… Read More

Circle Teams Up With Genesis to Advance Adoption of Stablecoins in Mainstream Finance

Global fintech Circle announced on Thursday it has joined forces with digital asset prime brokerage firm Genesis to accelerate the adoption and acceptance of digital dollar stablecoins in mainstream finance. According to Circle and Genesis, the partnership includes a $25 million investment of capital into Circle… Read More

For the First Time Ever, Ethereum Address with 100,000 USDC Stablecoins Gets Blacklisted Following Orders from Law Enforcement

An Ethereum address, for the very first time, with 100,000 USDC stablecoin was recently blacklisted. The transaction, which may be viewed via Etherscan, an Ethereum (ETH) blockchain explorer, confirms that a “blacklist(address investor)” function was initiated on June 16, 2020, by 0x5dB0115f3B72d19cEa34dD697cf412Ff86dc7E1b, which is an… Read More

Jeremy Allaire, founder of Fintech Circle: “We won’t Believe that We Ever Needed to Pay to Send Money” in the Future

Jeremy Allaire, founder of Circle Internet Financial, a peer to peer payments technology firm, has said that in the future, when we look back at how transactions were conducted, we “won’t believe that we ever needed to pay to send money.” San Francisco-based crypto exchange… Read More

Circle Joins with Algorand Foundation on USDC Stablecoin on Algorand Blockchain

The Algorand Foundation and Circle have partnered to bring a stablecoin, USD Coin (USDC) using the Algorand blockchain. The implementation is scheduled for Q3. The move was described as a shift away for Ethereum and its congested network and affiliated high fees and performance limitations…. Read More

Crypto Rating Council Argues that XRP, Tron (TRX), and Polkadot’s DOT Token Might Potentially be Classified as Securities

The Crypto Rating Council (CRC) has previously noted that Tron’s TRX, Nervos’ CKB token, and Polkadot’s DOT token might potentially be classified as financial securities, or at least there’s a fair chance they could. The CRC’s initial report on these digital assets was released in… Read More

Crypto Rating Council Releases New Scores for Basic Attention Token, USDC Stablecoin, IOTA

The questions surrounding whether certain crypto assets qualify as financial securities is becoming increasingly important within the blockchain or distributed ledger technology (DLT) sector. There are now several entities within the digital asset sector that are focusing on bringing greater understanding to this pressing issue…. Read More

Report: Circle Internet Financial May Sell SeedInvest, its Crowdfunding Division

Circle Internet Financial is reportedly looking for a buyer for SeedInvest, its crowdfunding division, as the Boston-headquartered crypto firm aims to focus more on its stablecoin business, according to the Block. This is notably Circle’s latest downsizing move, which began in 2019 when the firm… Read More

Digital Asset Broker Voyager Set to Acquire Circle’s Retail Digital Asset Business

Voyager Digital Ltd. (CSE: VYGR) (OTC Pink: VYGVF) (FRA: UCD2) announced on Wednesday it has entered into a definitive agreement to acquire Circle Invest, the retail digital asset business from Circle Internet Financial, Inc. According to Voyager, the transaction will add more than 40,000 retail… Read More

Kraken Lists Circle’s Stablecoin, USDC

US cryptocurrency exchange Kraken will enable trading of Circle’s USD-proxy cryptographic stablecoin, USDC, starting January 8th. Kraken says it will enable deposits and withdrawals of USDC at 14:30 UTC on January 8. “The first trades will start shortly after funding is enabled as sell orders… Read More

Poloniex Crypto Exchange Asks Customers to Change Passwords After Emails Purportedly Leaked on Twitter

Operators of the Poloniex cryptocurrency exchange have asked certain customers to change their email passwords after hackers claimed they leaked user data on Twitter. An excerpt from a letter sent by Poloniex to affected customers states: “A couple of hours ago we discovered that someone… Read More

Circle Plans to Focus on Stablecoin Platform in 2020

Digital asset ecosystem company Circle is planning to focus its efforts on stablecoins globally, dollars on public blockchains (USDC) specifically, in the upcoming year. Circle reported that its 2020 product roadmap sees this “focus” emerging first in the form of new global payment, custody, and… Read More

Kraken Cryptocurrency Exchange’s OTC Division Announces Acquisition of Circle Trade

The OTC division of San Francisco’s Kraken cryptocurrency exchange has announced it is acquiring prominent crypto start up Circle’s “Circle Trade” OTC division. “Today, we’re excited to announce that Kraken is acquiring one of the most recognized OTC desks in crypto, Circle Trade,” Kraken states… Read More

Please Withdraw ASAP: Poloniex Crypto Exchange Now Closed to US Customers

Poloniex, a “cryptoasset” exchange acquired by Circle in early 2018 and “spun out” by them in October, has asked all US-based customers to cease depositing and trading and to withdraw their funds. The platform has been closed to US customers since November 1st and is now… Read More

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