Circle Shifts Exchange Operations to New Bermuda Office

As the U.S. lawmakers and the Treasury Secretary consider implementing stringent regulations against cryptocurrency, Circle has packed its bags and moved offshore to Bermuda. Circle Moves to Evade Oppressive Regulation As regulatory pressure continues to stack up against cryptocurrency companies, Circle has announced that it is moving nearly 100% of its exchange operations offshore. Circle […]

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What’s Happened to Gemini Dollar? Supply Down 92% YTD –

Demand for Gemini exchange’s native stablecoin, Gemini dollar (GUSD), has dropped significantly over the last 7 months while other pegged-value assets continue to soar. Gemini Dollar Falls Behind The market capitalization of the dollar-pegged token has been on its way down since December 20, 2018. It has slipped from an all-time high of $103.106 million […]

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Circle Warns US Cryptocurrency Laws are ‘Chilling Innovation’ –

Goldman Sachs-backed cryptocurrency startup Circle says lack of clarity from U.S. regulators about digital assets is hurting the country’s crypto market. Regulatory Ambiguity Hurting US Cryptocurrency Market In a blog post published on Thursday (May 23, 2019), Circle put forward its opinion about the current regulatory environment for cryptocurrencies in the U.S. According to the […]

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Goldman-Sachs Backed Circle Blames ‘Restrictive’ US Laws for Layoffs

Bitcoin and crypto are rising, but Goldman Sachs-backed Circle laid off 10 percent of its workforce blaming a ‘restrictive’ regulatory climate. But is that just a smokescreen to mask Circle’s dwindling user base? SEC Bullish on Bitcoin, Bearish on Alts OK, so we may not call the SEC exactly ‘bullish’ on Bitcoin. In fact, quietly […]

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SEC Finally Coming for ICOs? Poloniex Delists 9 Crypto Tokens

Rumors of an SEC crackdown are flying after Poloniex said it will delist nine crypto tokens including DCR for trading to U.S. customers. No Longer Available to U.S. Cryptocurrency Traders Poloniex has announced that it will no longer offer nine cryptocurrency tokens for trading to U.S. customers following reports of incoming regulations against unregistered security […]

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Circle Reveals $24 Billion Cryptocurrency OTC Trading Volume in 2018

Goldman Sachs-funded cryptocurrency startup, Circle, recently released its list of accomplishments for the year 2018. The company says it executed over-the-counter (OTC) crypto trades to the tune of $24 billion in notional volume. Circle Does $24 Billion in Cryptocurrency OTC Trading Circle announced its 2018 achievements in a blog post published by the company on Thursday (January […]

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London Block Exchange Launching Crypto Pound-Backed Stablecoin

The London Block Exchange said they have permission to launch a new virtual currency, the LBXPeg. The stablecoin would be backed by UK Pound Sterling reserves. The London Block Exchange (LBX) is planning to release a new virtual currency pegged to the Pound Sterling. The startup’s CEO Benjamin Dives told Business Insider the first “cryptopound” would […]

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‘Full Circle’: Goldman Sachs Backed Startup Launches Stablecoin Cryptocurrency

On September 26th, Circle announced the release its new stablecoin USD Coin (USDC), which will begin trading on Circle’s Poloniex exchange immediately. The new USDC stablecoin will be fully collateralized by USD at a 1:1 ratio. The stablecoin market has been particularly active recently, with several other projects launching in past few months. Circle’s announcement […]

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USD-pegged Stablecoin to be Introduced by Goldman Sachs-backed Circle

Adam James · May 15, 2018 · 11:00 pm Circle, a startup payments company backed by Goldman Sachs, is set to launch a cryptocurrency with a value pegged to the U.S. dollar — similar to Tether (USDT) — after announcing a $110 million investment round dominated by cryptocurrency mining giant Bitmain.  A ‘Compliant Alternative’ to […]

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