circle

Tron and Poloniex Relationship Scrutinized After Digibyte Delisting

The crypto firm Circle recently revealed that it was spinning off the trading platform Poloniex and has since warned customers to withdraw assets or they may be sent to state governments. Following the announcement, the founder of the crypto network Digibyte (DGB), Jared Tate, explained he was extremely upset that his friend’s and family’s sensitive...
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Crypto Exchange Catastrophe: Poloniex Spin Out Leaves Investments Spinning At Circle

This past October, the Boston-based, Goldman Sachs-backed financial services company Circle, announced that it would “spin out” crypto exchange Poloniex into its own company, selling it to an investment group with backing from Tron founder Justin Sun.The post appeared first on NewsBTC
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Circle Warns Poloniex US Customer Assets May Be Sent to the Government

As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property. Also Read: Circle Drops Poloniex Leaving US Crypto Traders High...
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Crypto Visualized: Watch the Fall of Poloniex And Rise of Binance

Last week, crypto exchange Poloniex was “spun out” from the Goldman Sachs-backed Circle into its own, international brand, highlighting a lack of interest in the digital asset trading platform.The post appeared first on NewsBTC
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Justin Sun Denies Being behind Investment Group Backing Poloniex’s Split from Circle

Despite all the rumors, Tron founder Justin Sun doesn’t confirm that he can be behind the acquisition of crypto exchange Poloniex. Justin Sun who is the founder and CEO of Tron (TRX) has dismissed rumors and allegations that he is behind the investment group that acquired the premier cryptocurrency exchange group Poloniex. He indicated this...
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Circle Drops Poloniex Leaving US Crypto Traders High and Dry

According to a blog post published by Circle, the cryptocurrency firm is releasing its subsidiary exchange Poloniex which is now owned by an “Asian investment group.” The trading platform will become an independent company called Polo Digital Assets, Ltd., and after November 1, 2019, U.S. residents will no longer be able to use the platform....
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So Long America: Circle Parts Ways with Poloniex Exchange

“Winding down” and “spinning out”. That’s what Poloniex is calling their latest move in an email that was just released to all it’s customers. It’s their way of stating that the exchange – which was initially independent but later became a member of the Circle group – is now once again leaving Circle and becoming...
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Poloniex splits from Circle; finds new backing ‘led by’ Tron’s Justin

Cryptocurrency exchange Poloniex published a blog post stating that they would be separating from parent company Circle, rebranding as Polo Digital Assets and ending support for US customers on the exchange. They also said that they would be backed by a major Asian investment group, but did not mention any names, though reports suggest the...
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Poloniex Becomes an Independent Company Again Following Circle Spinoff

A lot of things change behind the scenes of the cryptocurrency industry. Poloniex, only recently acquired by Circle, is now being spun off into a new company by the name of Polo Digital Assets, Ltd. It is a surprising turn of events, as it seems the focus of the exchange will shift as well.  Poloniex...
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Buy High and Sell Low? Circle Dumps Poloniex As Crypto Market Interest Wanes

Today, Circle, a US-based finance firm, has revealed that it is “spinning out” crypto trading platform Poloniex into its own independent company, in “an effort to create a competitive internationally-focused cryptocurrency exchange.”The post appeared first on NewsBTC
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Coinbase Offers Interest of 1.25% on USDC Stablecoin

Photo: The Coinbase Blog Premier cryptocurrency exchange Coinbase has announced that it will offer interest on deposits in stablecoin USD Coin (USDC) for 1.25% APY. This indicates its willingness to encourage more of its large database of users to deposit their holdings in the cryptocurrency token. Transferring the value of the US Dollar which in...
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Coinbase Spearheads Group to Help Crypto Companies Circumvent Security Violation

The rocky operation of crypto firms could soon end after Coinbase fronted seven firms to help other companies avoid security violation. Over the years, crypto firms have found themselves on the wrong side of the law for failing to meet securities rules. As a result, industry leaders are incorporating the initiative to help companies avoid...
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Bittrex, Coinbase and Kraken Set up Crypto Rating Council

The heavy hand of regulators has been stifling the growth of the cryptocurrency industry in the U.S. and caused innovators to flock abroad. In a bid to mitigate one aspect of this problem, major players have now created a joint system for rating what constitutes a security token. Also Read: International Crypto Exchange Luno Adds...
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Coinbase Celebrates One Year of USDC Stablecoin

The stablecoin USDC has established itself pretty well within the crypto ecosystem, with its first completed year. USDC was launched in September 2016 and quickly gained ground as one of the more influential dollar-pegged coins. USDC Stablecoin Marks Fastest Growth Pace Happy birthday $USDC! ?In 12 months, $USDC is now the second most popular stablecoin...
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SEC Commissioner Hester Peirce aka ‘Crypto Mom’ to Hold Q&A at Solidus Labs’ Compliance Summit

Photo: Crypto Compliance Summit Solidus Labs‘ one-day event, taking place at Hogan Lovells, Madison Avenue on Thursday, will culminate in a talk by reigning SEC Commissioner Hester M. Peirce. Also speaking at the event, which includes a series of panel discussions, will be Coinbase Chief Compliance Officer Jeff Horowitz and representatives from Circle, CryptoCompare, and...
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China’s Crypto Could Become a Global Reserve Currency: Circle CEO

Leading fin-tech entrepreneur thinks China’s state-backed cryptocurrency could spearhead global adoption of the yuan as a reserve asset. | Image: Shutterstock Circle CEO Jeremy Allaire believes that China’s developing “cryptocurrency” could propel the yuan to worldwide renown as a global reserve currency. Jeremy Allaire on the potential of China’s nascent CBDC. | Source: Twitter, Circle...
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Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto Competition

Circle CEO Jeremy Allaire said that China’s research and development on CBDC outclass its peers and the digital version of Chinese Yuan could possibly bypass the Western banking system. Over the last few months, big organizations and government institutions have shown interest in the crypto space. China’s central bank – People’s Bank of China (PBoC)...
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Circle’s Jeremy Allaire claims Bitcoin’s growing adoption will drive individuals to convert long-term wealth into digital assets

Trade wars are usually good news for non-sovereign, highly secure digital stores of value. With Bitcoin [BTC] registering continuous growth in adoption rate, Circle CEO Jeremy Allaire pictures a scenario where individuals will convert a part of their long-term investment capital into digital assets. Circle shared the interview with Global Coin Research over its official...
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Bitcoin’s Safe Haven Status Now More Relevant Than Ever

Bitcoin has consolidated its safe-haven status especially amid the mass demonstrations in Hong Kong and global uncertainty, Circle CEO Jeremy Allaire hinted in an interview with CNBC’s Squawk Box. Circle CEO Sees Increased Demand from Holders On August 19, Circle’s Allaire said that investors were still attracted by non-sovereign digital assets such as Bitcoin. The...
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People Who Want to Control Their Capital Buy Bitcoin, Says Circle CEO

Crypto financial services company Circle CEO Jeremy Allair thinks that Bitcoin is particularly attractive to people who want to have control over their funds. Jeremy Allaire, CEO at cryptocurrency financial services company Circle, expressed his optimism in regards to Bitcoin (BTC) being a safe haven for investors despite recent market volatility. On Aug. 19, Allaire...
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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to...
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Abra Wallet Announces Restrictions for U.S. Customers

Abra, a top-of-the-line cryptocurrency wallet, will be taking steps to restrict Americans from accessing the entirety of its services. Abra published an update to its platform, which revealed that it will only be offering a limited service package to American users. According to the update, U.S users will no longer be able to keep Bitcoin Gold,...
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Circle Moves Poloniex Crypto Exchange to Bermuda for Non-US Customers

Goldman Sachs-backed Circle has moved Poloniex to Bermuda obtaining a digital asset license from the government. The move comes following increasing frustration with restrictive U.S. cryptocurrency laws. Poloniex will reportedly continue its geofencing of U.S. customers from particular cryptocurrency tokens listed on the platform. However, non-U.S. crypto traders will have unfettered access the crypto exchange....
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Coinbase & Circle Greenlight CENTRE Expansion to Boost USD Coin Ecosystem

The collaborators behind USD Coin (USDC) are opening their doors to new associates. On Thursday, the CENTRE Consortium, which counts Circle and Coinbase among its most high-profile drivers, declared the group was opening up the CENTRE Network, the software-based governance framework for the group, to new members. Such membership would allow these novel participants to...
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