Circle Still Using Bitcoin ‘Behind the Scenes’
Bitcoiners were maddened when former Bitcoin Core developer Mike Hearn quit the cryptocurrency’s community. They alleged Mr. Hearn “rage quit” after he agreed to an interview with New York Times and penned a Medium post about why he was divesting from Bitcoin. Circle Pivots in New Directions. Now, Circle Internet Financial has publicly bemoaned Bitcoin....
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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.....
Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account and Circle APIs without the need for manual cross-chain bridge technology. Circle Reveals Polygon-Supported USDC Circle has revealed that usd coin (USDC) is now hosted on the Polygon network and the addition means USDC is now available via nine different blockchain networks. Polygon is a large crypto ecosystem with more than 19,000 decentralized applications (dapps)....
For many months now, Bitcoiners have been wondering exactly what services Circle would offer to the fledging Digital Currency community. Since 2013, Circle has been notoriously tight-lipped on the specifics of its operation. Some in the community even went as far as to compare Circle to vaporware. Today, all the speculation is laid to rest. Early 5/16/14, CircleCEO Jeremy Allaire took to Circle's blog to reveal “What We Have Been Up to at Circle.” Circle launches its product today to increase the utility value of Bitcoin by reducing friction. Circle is the first worldwide Bitcoin Bank....
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....