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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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Circle has published filings revealing it is cooperating with a subpoena from the SEC that it received in July.

Circle reveals cooperation in ongoing SEC investigation

2021-10-05T07:31:28+01:00

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As onlookers predict that top Chinese property developer and commercial paper issuer Evergrande will default, some analysts believe the firm poses systemic risk...

Does Evergrande’s $300B debt crisis pose systemic risk to the crypto industry?

2021-09-16T10:26:21+01:00

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Market Analysis

Crypto traders flocked to the safety of stablecoins during Tuesday’s market crash.

Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

2021-09-09T09:00:00+01:00

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Coinbase president Emilie Choi expects USDC’s updated reserves policy to be in full effect by September.

USDC to consolidate reserves into cash and US treasuries

2021-08-24T05:39:14+01:00

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Institutional Crypto.com customers in more than 60 countries can now make U.S. dollar bank transfers to and from their USDC wallets.

Crypto.com uses Circle API to launch USD bank transfers in over 60 countries

2021-08-18T14:30:00+01:00

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The Coinbase website now states that USD Coin is “backed by fully reserved assets,” contrary to the now-removed claim of “backed by U.S. dollars in a bank accou...

Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin

2021-08-11T10:15:22+01:00

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“Crypto mom” Hester Peirce has slammed the SEC’s $10-million settlement with Poloniex, challenging the opaque regulations that U.S.-based crypto firms must navi...

‘Crypto Mom’ Hester Peirce slams SEC for $10M Poloniex settlement

2021-08-10T06:37:06+01:00

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Circle is willing to operate under the supervision of the Federal Reserve, the U.S. Treasury, the OCC and the FDIC, CEO Jeremy Allaire said.

Circle plans to become a full-reserve national digital currency bank

2021-08-09T16:30:14+01:00

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