Circle

Circle Continues Sell-offs as Voyager Digital Acquires Investment App

Despite ongoing bullish movement in crypto markets, Circle continues to sell off wings of its business. Circle, a Goldman Sachs-backed crypto startup that launched USD-pegged stablecoin USDC, has agreed to sell its digital asset investment app Circle Invest to Voyager Digital Canada, the operator of digital asset broker Voyager. Circle Invest customers to be moved …

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Circle Founder: Digital Currencies at Key Growth Moment as Governments Take Notice

Throughout the seven volatile years during which Circle founder Jeremy Allaire has been developing crypto products, he has consistently warned there’s much work to do before the technology is ready for mass usage. Now, with governments starting to explore digital currencies, new stablecoin models emerging and big tech platforms like Facebook getting involved, he finally …

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Ethereum’s Value Transfer Is Now Dominated by Stablecoins

</header> <strong>The Ethereum (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/ETH” target=”_blank” rel=”noopener noreferrer”>ETH</a>) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/ETH” target=”_blank” rel=”noopener noreferrer”>ETH</a> chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now …

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The Prospect of Building a New International Monetary System Is Getting Real

This is part of a series of op-eds previewing the World Economic Forum in Davos, Switzerland. CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Follow along by subscribing to our pop-up newsletter, CoinDesk Confidential: Davos. Jeremy Allaire is co-founder, chairman …

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Coinbase-Backed Crypto Ratings Council Adds eToro, OKCoin

The Coinbase-backed Crypto Ratings Council (CRC), a group of major United States’ cryptocurrency firms seeking regulatory clarity, has welcomed new members. Established in late 2019, the CRC has expanded to include members like trading platform eToro, crypto exchange OKCoin and Radar, the startup behind decentralized exchange Radar Relay. Coinbase announced the news in a press …

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Joint Coinbase-Circle Stablecoin Project USDC Listed on Competitor Kraken

Crypto exchange Kraken has added stablecoin USD Coin (USDC) to its list of trading pairs.  Touted as “the world’s fastest-growing stablecoin,” USDC saw listing today on crypto exchange Kraken, per a press release provided to Cointelegraph on Jan. 8.   USDC developed by Circle and Coinbase Payment company Circle, alongside crypto exchange powerhouse Coinbase, founded an …

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Key Players in Crypto and Blockchain Share Their New Year’s Wish for 2020

The digital currency space has seen rapid growth and expansion in 2019, with heightened interest from governments and global corporations. Cryptos recovered from the 2018 bear market, when with Bitcoin (BTC) crashed to as low as $3,800, leaving numerous experts to paint a gloomy picture of a longstanding bear market and call the downturn in …

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Poloniex Drops KYC for Withdrawals Below $10,000 Following US Exit

Poloniex has introduced a new type of account that allows users to withdraw as much as $10,000 a day without completing know-your-customer (“KYC”) verification. The exchange said in a blog post Thursday its new “Level 1” accounts will only require users to register with an email address and password. “Any customers who sign up from …

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Circle Sells OTC Desk to Kraken to Focus On Stablecoin

San Francisco-based cryptocurrency exchange Kraken announced that it has acquired Circle’s over-the-counter (OTC) desk. In a Dec. 17 blog post, Kraken said that the company has bought “one of the most recognized OTC desks in crypto.” Circle co-founders Sean Neville and Jeremy Allaire confirmed the sale of the Circle Trade OTC business to Kraken, saying: …

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Circle Pivots to Stablecoin Platform as More Execs, Teams Depart

Payments startup Circle is pivoting its business to solely offering stablecoin services with the sale of its over-the-counter (OTC) trading desk. As part of the move, the firm confirmed the departure of additional executives, just weeks after co-CEO Sean Neville announced he would be stepping down. In a lengthy blog post Tuesday, Neville and CEO …

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