Tagged: circle

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

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

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