Circle's New Changes Spurs Questions about Its Commitment towards Bitcoin
BitLicense has been a huge pain to many bitcoin and digital currency based startups operating in the State of New York. Once BitLicense was made mandatory and the deadline to apply for BitLicense surpassed, few of the companies decided to withdraw their services from New York while other companies who considered New York to be an important market decided to stick on and apply for it. Circle, a bitcoin based money transfer application was one among the many bitcoin companies that applied for BitLicense and recently it went on to become the first company to receive BitLicense from New York....
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Since Circle Internet Financial announced their services recently, including no-fee bitcoin "banking", many in the community have had no shortage of questions about the company, which to date has mostly been shrouded in secrecy. Company Chief Technology Officer Sean Neville took to blogging platform Medium and said that "...the debut came with more praise than we deserve at this point, and also more venom than we probably deserve." One of the first questions Neville answered was regarding invites, and seemingly the lack thereof. Very few people have actually received their beta invite to....
"With USDC, our business model is minimizing risk, not taking and managing risk,” wrote Jeremy Fox, Circle's chief technology officer. The cryptocurrency market has experienced a turbulent period as of late, with several firms filing for bankruptcy or shutting down. Voyager Digital announced its bankruptcy on Wednesday, becoming the second crypto lender to default following Three Arrows Capital.In the light of present market circumstances, Circle has sought to reaffirm its commitment to openness and user security in a blog post published on Tuesday. Jeremy Fox, the chief financial officer....
Bitcoin brokerage Circle Internet Financial is said to be raising as much as $40m in new funding. As reported by Fortune, Circle is raising the funds at a valuation of $200m, citing persons with knowledge of the negotiations. A representative for Circle declined to comment. The move, if confirmed, would represent Circle's largest funding effort to date. Circle raised $17m in a Series B round last year, following an earlier $9m in Series A funding from 2013. The funding would raise Circle's total investment to $66m. Circle
Circle Internet Financial lifted the veil on its introductory product last week, providing CoinDesk with an extensive preview of what Circle.com will offer to the general market when it moves out of invite-only testing and past version one of its core offering. The company revealed the first hints about what was to become Circle.com in March and, since then, it has been gradually ramping up development of its product while slowly expanding its pool of invited users. First previewed at the Bitcoin2014 conference in Amsterdam this May, Circle largely delivers on its promise of providing a....
Roughly one week after Circle unveiled its first product, co-founder and Chief Technology Officer Sean Neville has addressed some lingering questions about the company and its market goals. In a post on popular blogging platform Medium, Neville discussed a host of topics, including how the company will plan to monetize its service, how it will deal with bitcoin's price volatility and how it aims to insure customer funds from security threats. Overall, Neville framed the post as a way for the company to respond to the many "reasonable questions" Circle had received from the community after....