Tagged: circle

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

Poloniex to “Spin Out” of Circle & Become a New Independent International Company

Circle announced on Friday that its internal group, Poloniex, will be “spinning out” from Circle to become a new independent international company called Polo Digital Assets, Ltd. According to Circle, the spin-out, which is back by an undisclosed Asian investment group, will bring significant resources… Read More

Happy Anniversary: One Year Old USD Coin Now Second Most Popular Stablecoin

USD Coin (USDC) celebrated its first birthday this past week. As noted in a tweet, USDC is now the second most popular stablecoin following Tether. On September 26, 2018, Circle and the CENTRE open source consortium introduced USD Coin to enable individuals and institutions to… Read More

Circle Plans $100 Million Venture Fund Working with SeedInvest

Digital asset ecosystem company Circle is planning a $100 million venture fund. The company will apparently leverage the SeedInvest investment crowdfunding platform which Circle acquired last year. According to a job posting on LinkedIn, Circle is seeking a General Manager to work with SeedInvest senior… Read More

Circle’s Crypto Exchange, Poloniex, Delists 23 Trading Pairs Citing Low Volume

Poloniex, the cryptocurrency exchange owned by Circle, a Boston based payments-app-turned-multiplatform-crypto-company, has announced it is “removing 23 trading pairs on August 16, 2019, due to low volume.” The pairs delisted on the 16th of August are: LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH,… Read More

Senate Banking Committee Schedules Hearing on Digital Currencies, Blockchain & Regulation: CEO of Circle Jeremy Allaire to Testify

Next Tuesday, the US Senate Committee on Banking will hold its next crypto-focused hearing. Earlier this month, the same Committee held a hearing on Facebook’s proposed stablecoin, Libra. The Committee struggled with the concept largely due to the lack of trust regarding Facebook’s profound abuse… Read More

Circle Now Licensed in Bermuda to Serve Non-US Customers

Boston-based multi-platform cryptocurrency services and investment firm Circle has obtained a license to provide payment, custody, exchange, trading and other financial services involving cryptocurrencies in Bermuda. The company says its Bermuda operation will serve non-US Poloniex exchange customers. It also said it, “expect(s) to offer many new… Read More

Circle “Retires” Crypto Payments App to Focus on Stable Coin Venture

Starting in July, Boston-based multi-platform cryptocurrency services and investment firm Circle will begin retiring its payment app, Circle Pay, in order to focus on developing its cryptocurrency stable coin project USD Coin (USDC), the company has announced. USD Coin was jointly launched last October by Circle… Read More

Circle Fires 30 Employees Due to “Restrictive Regulatory Climate in the US”

Digital asset firm Circle has let go 10% of its workforce or 30 individual employees. Circle founder and CEO Jeremy Allaire explained the move in a series of tweets. Allaire said: “We made these changes in response to new market conditions, most importantly, an increasingly… Read More

Circle CEO Jeremy Allaire Pleads Case for US Policy Change Regarding Crypto

Jeremy Allaire, CEO and founder of digital asset firm Circle, took to the pages of the site’s blog to lament the state of regulation in the US when it comes to crypto. Allaire said his post was driven in part to their decision to “geofence,”… Read More

Big News: Leading Crowdfunding Platform SeedInvest Receives ATS Approval From FINRA, will Add Secondary Trading for Private Securities

SeedInvest, one of the leading US-based investment crowdfunding platforms, has received regulatory approval from FINRA to operate a secondary marketplace for securities via an alternative trading system (ATS). SeedInvest is the first traditional crowdfunding platform to receive an ATS license. Providing liquidity for private securities… Read More

SeedInvest Plans Secondary Market & International Expansion

SeedInvest, an online capital formation platform that claims over 250,000 registered investors (50,000 accredited), is planning a significant expansion. SeedInvest is a full stack crowdfunding platform leveraging all three securities exemptions to raise capital online from seed stage an up. In the fall of 2018,… Read More

At IMF Spring Meetings, JP Morgan Rep Says JPM Coin Could Streamline KYC/AML

The IMF’s Christine Lagarde hosted a panel discussion on “Payments in the Digital Age” at the IMF’s Spring Meetings held this week in Washington, DC. A video of the panel is provided by CNBC international TV and can be viewed here. Panelists included the ECB’s… Read More

FINRA Approves Circle’s Acquisition of SeedInvest, Continues Mission of Tokenization

FINRA has given their stamp of approval to the acquisition of SeedInvest by Circle. The crypto focused company announced the purchase of SeedInvest in October of 2018.  The acquisition of a regulated securities crowdfunding platform by the blockchain based Circle represented a seminal turning point… Read More

About 50% Less “Blockchain” Firms on this Year’s Forbes Fintech 50

Forbes’ “Fintech 50” list of the world’s top financial tech firms includes only 6 “blockchain” companies this year, down from 11 listed last year, Cointelegraph reports. The companies that fell from the list were reportedly replaced by established firms and by new entrants, 20 of… Read More

Report: Steeply Discounted Circle Shares for Sale on SharesPost

Private shares for “global crypto finance company” Circle that sold in a Series E fundraise last May for $16.23 each are reportedly available for sale on SharesPost now for $3.80, The Block reports. The May raise put Circle’s valuation at $3.01 billion. Though The Block… Read More

Digital Asset Platform Circle Reports 200 Million Transactions for $75 Billion in Value During 2018

Digital asset platform Circle has published interesting insight into platform performance during 2018. According to the company, 2018 was a “whirlwind of a year.” Circle states that they currently serve over 8 million customers from all around the world. Transactions totaled $75 billion during the… Read More

Coinbase Teams Up With Circle to Launch USDC Stablecoin

Crypto marketplace Coinbase announced on Tuesday it has teamed up with Circle to launch the USDC stablecoin. Coinbase reported that the new stablecoin is fully collateralized by U.S. dollars and supported by the marketplace and Circle as co-founding members of the CENTRE Consortium. According to Coinbase, customers… Read More

Blockchain Payments Provider BitPay Introduces Settlement in Stable Coins

Global blockchain payments provider BitPay announced on Monday it is now offering the option for merchants to receive settlement in Circle and the CENTRE USD//Coin (USDC) and the Gemini Dollar (GUSD), which are both stablecoins pegged to the U.S. Dollar. According to BitPay, merchants and businesses around the world can accept… Read More

Circle Launches Poloniex App for Trading, Adds Circle Research to Provide Users with Crypto Research

Fast moving Fintech Circle has launched a few new products. First, Circle has released a new mobile App for both iOS and Android for Poloniex users to be able to trade cryptocurrency anytime – anywhere. Even better, the native app is both localized and available… Read More

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