Major U.S.-based cryptocurrency exchange Coinbase announced that its payment processor Coinbase Commerce now supports Circle’s USD Coin.
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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Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has exceeded $4 billion.
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30 employees left the company on May 21, says Jeremy Allaire, amid the turnaround in the crypto markets.
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The CEO of CIrcle, Jeremy Allaire, has said that the crypto space needs regulatory certainty and the current definition of crypto is too broad.
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Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin USD Coin.
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The regulatory endorsement allows users to trade startup shares after acquisition.
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As the IMF and the bosses of central banks gather to talk digital money, concerns of stability and institutional trust dominate the discussion.
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by Helen Partz
Circle CEO Jeremy Allaire reaffirmed his stance, “in crypto we trust,” opposing centralized intermediaries to cryptographic proof.
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Jeremy Allaire has said that stablecoins using open standards will prevail as the sector continues to see new market entrants.
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Circle announced that it closed the acquisition of the joint crowdfunding platform and registered operator of a broker-dealer.
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Goldman Sachs-backed cryptocurrency startup Circle is reportedly looking to raise $250 million of funding.
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Circle plans to ensure it is protected against malicious trading schemes and on the right side of regulators.
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by Ana Berman
More than 30 major crypto and finance companies, including R3 and Coinbase, have filed comments in response to the CFTC’s request on Ethereum.
- Analysis
by Henry Linver
The world’s biggest crypto exchanges are launching OTC desks for institutional investors.
- Follow up
A look into the crypto part of Forbes’ fresh ’Fintech 50’ list
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