New Year Special
As the crypto community grows, several companies stood out to lead the pack in 2020.
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Circle News
Circle is a service for making instant money transfers. The Circle startup was launched in 2013 by Jeremy Allaire and Sean Neville. The Circle app is a platform that allows users not only to send and receive money, but also stores it as well. In 2015, the Circle company got a BitLicense and started operating as a Bitcoin wallet service to trade with cryptocurrency. The main feature of using Circle is that Bitcoin kept in the wallet is insured, so the in case of money being stolen from the user’s account, all the money will be compensated. For this, Circle keeps the equal amount of cryptocurrency on its account to all the Bitcoin stored on the platform. Currently, the Circle finance company uses blockchain technology for not only crypto transactions, but for traditional transfers as well.
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The crypto industry and regulators need time to collaborate on better regulations.
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Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival.
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Allaire also sees political moderation as the best scenario for continued crypto development.
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This could significantly lower the barrier to entry for stablecoin use.
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High yields and frequent interest payments on Circle’s business accounts may be designed to compete with DeFi protocols
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The CEO tweeted a screenshot of an apparent $100 purchase of Bitcoin using the service well ahead of its official rollout date.
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The asset's new multichain partner makes it so.
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Stablecoin issuer Centre has confirmed they froze an Ethereum address holding $100,000 USDC at the request from law enforcement.
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Launched by the Centre Consortium in October 2018, USD Coin reached a $1 billion market cap in 21 months.
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Clinton-era Treasury Secretary Summers doesn’t buy some of the crypto community’s anarchic sentiments but agrees that they are solving a major problem.
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USD Coin, which is a joint venture of Circle and Coinbase, will soon launch on the Algorand blockchain.
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As the global economy trembles, investors continue to find sanctuary in stablecoins, which have increased their market cap dramatically.
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Voyager has completed its acquisition of Circle Invest after onboarding 40,000 customers.
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