Circle Loves Regulations, Others Not So Much!
Circle, the financial company favors federal regulations as it will open up new opportunities for the sector. What happens to be the whole ecosystem’s pain point can be the pleasure center for few. At least that’s the impression Bitcoin Industry has of Circle, the payments company which started off as just another Bitcoin product. Circle has recently called for broader regulations for the Bitcoin and digital currency sector. While there are speculations that Circle’s proposal is driven by the company’s recent attempts to partner with mainstream financial institutions with a great deal of....
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The Boston-based bitcoin startup Circle has become the first-known business to receive the New York BitLicense. According to the Circle blog, Circle Financial is now able to service New York residents in compliance with the regulations. Circle, founded two years ago, is backed by heavy investment from Goldman Sachs and others. Circle is now moving into....
American financial advisor Suze Orman says she loves bitcoin. She has provided some advice on how to invest in the cryptocurrency a month, noting that she prefers to buy bitcoin through Paypal’s crypto service because the payments giant has made it easy to do so. Suze Orman Loves Bitcoin Suze Orman said she loves bitcoin in an interview with Yahoo Finance published Friday where she shared her bitcoin investing strategy and advised listeners how they should start investing in the cryptocurrency. She founded the Suze Orman Financial Group in 1987 and her Suze Orman Show ran on CNBC....
Two top Circle executives have issued strong critiques of New York's proposed bitcoin regulations. In a new blog post, Circle CEO Jeremy Allaire says that the Boston-based bitcoin startup would move to block New York customers from using its service should the BitLicense proposal become law. His statement was echoed in a companion piece by company CTO Sean Neville. Allaire is one of a growing crowd of industry leaders to weigh in on the controversial BitLicense system in recent weeks. Yet, Circle's response marks one of the first times a bitcoin company executive has declared publicly that....
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
On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier for merchants to integrate their existing points of contact with Circle’s crypto solutions.
Circle Reveals New Permissionless Cross-Chain Transfer Protocol at Converge22
This week Circle and a number of other crypto industry heavyweights attended the Converge22 event in San Francisco.....