Tagged: circle

Circle Completes Purchase of Digital Asset Firm CYBAVO, ADDX Sells Stake

CYBAVO, a Taiwan-based “infrastructure-as-a-service platform” enabling digital asset custody tech and security services to firms like cryptocurrency exchanges, NFT marketplaces, cryptocurrency wallet providers, and Fintech service providers, has been acquired by Circle. The purchase was completed during Q3 2022 but was previously announced this past… Read More

Circle CEO Sends Letter to Congressional Leaders Urging Stablecoin Legislation

This week, Jeremy Allaire, CEO of Circle – issuer of a leading dollar-based stablecoin USDC, forwarded a letter to Congressional leaders urging action on stablecoin legislation, providing rules for the industry to develop with surety. Following the collapse of FTX and the collateral damage of… Read More

More Retail Payments: Circle Announces it Will Enable Apple Pay for Merchants

Apple Pay, the very popular digital wallet offering from Apple (NASDAQ:AAPL), is now available via Circle, according to a blog post. Circle stated that eligible businesses who build with Circle can now accept Apple Pay. This includes both in-App payments as well as using a… Read More

Jeremy Allaire, CEO of Circle, Shares Thoughts on FTX – Binance Saga

Jeremy Allaire, the CEO and founder of Circle – the issuer of dollar-based stablecoin USDC, has posted on Twitter his thoughts on the FTX – Binance drama. The rapid collapse of FTX, and the need to beg for a bailout by Binance, has called into… Read More

More Details on StartEngine Acquisition of SeedInvest: Purchased for $24 Million

Yesterday it was announced that StartEngine had entered into an agreement to purchase SeedInvest. Following a typical regulatory review, StartEngine will soon own substantially all of SeedInvest’s assets, including its database of registered investors. SeedInvest is currently owned by Circle, which purchased the company in… Read More

SeedInvest Posts FAQ on Sale to StartEngine, Little Info Disclosed

As was reported earlier today, StartEngine has acquired SeedInvest, thus combining two of the largest US-based online investment marketplaces. Both platforms offer securities under Reg CF, Reg A+, and Reg D (506c). Both platforms hold a broker-dealer license, and both have been approved to operate… Read More

Huge: StartEngine Acquires SeedInvest from Circle

In a seismic shift of consolidation, StartEngine has announced the acquisition of SeedInvest. While exact terms were not immediately available, StartEngine stated that Circle (owner of SeedInvest) will become a minority shareholder of StartEngine. StartEngine is one of the largest investment crowdfunding platforms in the… Read More

What’s Better? A Government Issued CBDC? Or a Privately Issued Stablecoin?

There has been a lot of initial excitement surrounding the possibility of a digital dollar – a government-issued, central bank digital currency (CBDC).  The enthusiasm is primarily due to certain expectations that a CBDC will be frictionless, a low-cost currency that will help underbanked segments… Read More

Coinbase Boosts USDC Access

In a move to support the adoption of USDC, the Circle issued dollar-based stablecoin, Coinbase (NASDAQ:COIN) has waived commission fees when buying or selling USDC via any fiat currency on Coinbase, “from AUD to ZAR.” USDC is the second largest stablecoin by market cap after… Read More

Payments Platform Wirex Expands USDC – Dollar Stablecoin Support

Payments Fintech Wirex says it has launched USDC (USD Coin) on the Stellar blockchain within its App. USDC is a dollar-based stablecoin issued by Circle and one of the most popular stablecoins in the world. Circle’s USDC assets are held in US financial institutions and… Read More

Circle Announces Acquisition of Elements to Streamline Crypto Payments

On stage at Converge22, Circle announced an accelerated crypto payments roadmap enhanced by the recent acquisition of Elements, a merchant and developer-first payments orchestration platform. The announcement “includes plans to quickly scale payment offerings to unlock utility value for crypto and lower the barrier of… Read More

Converge22 – San Francisco

Join us for Converge22 Converge22 is a gathering for change makers, looking to build what’s next in Web3. From crypto-natives to the crypto-curious, from traditional finance to DeFi, from regulators and policymakers to non-profits, Converge22 is an unprecedented opportunity to dive deep, collaborate and establish… Read More

Regulated FV Bank Integrates Circle’s USDC for Account Holders

FV Bank, a digital/digital asset bank, has integrated USDC, Circle’s dollar-based stablecoin. The new service enables account holders the ability to instantly convert USDC into US dollars at the moment of deposit. FV Bank is a US-licensed bank based in Puerto Rico where it is… Read More

Binance Cuts Loose Competing Stablecoins, Will Convert to BUSD. Circle Indicates No Worries for USDC

Binance has cut loose competing stablecoins including USDC, USDP (Paxos), and TUSD (TrueUSD). USDC, issued by Circle is the second largest dollar-based stablecoin after USDT (Tether) and may receive the brunt of the change. In a corporate statement, Binance said it would “auto-convert” these stablecoins… Read More

USDC Stablecoin Reserve Reports Contain “New Levels of Detail”

Fiat-based stablecoins are only as good as what is backing the value. As we saw with TerraUSD, a dollar-based algorithmic stablecoin, little was there except hope and mirrors. Circle, the issuer of USDC – the second largest dollar-based stablecoin in circulation, posted an update yesterday… Read More

Stasis CEO Criticizes Circle’s Decision to Freeze USDC on Tornado.Cash

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

Circle Won’t Support Ethereum Forks Following Merge

As Ethereum nears the Merge, some blockchain proponents are poised to fork and maintain legacy Ethereum. As was recently reported, EthereumPow (or proof of work) is almost ready to go with certain exchanges announcing possible support. One of the largest crypt operations in the world… Read More

Anchorage Digital and AngelList Partner Up to Enable Investments Using USDC

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

SeedInvest Shares Several Exits from Crowdfunded Companies

On August 2nd, 2022, the SEC’s Small Business Capital Formation Advisory Committee (SBCFAC) met to discuss secondary trading of crowdfunded securities. While most industry insiders believe that providing liquidity via a trading platform for private securities issued under certain exemptions makes a lot of sense,… Read More

Crypto Jobs Report: Circle, Kraken, CoinDCX, Nium Looking to Hire New Talent

  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

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