Circle, the company behind the USDC stablecoin unveiled three new APIs for businesses on March 10. The new developer tools are aimed to help traditional businesses use USDC as a replacement to traditional fiat channels. The new APIs target “any business or internet commerce service,” signaling the company’s intention to move outside of the immediate cryptocurrency environment. Three distinct classes of APIs are available. The Payments API allows businesses to settle credit card payments for USDC, thus bridging the traditional and crypto ecosystems. The Wallets API is designed to simplify the storage of stablecoins for Circle customers. It provides a …

Despite ongoing bullish movement in crypto markets, Circle continues to sell off wings of its business. Circle, a Goldman Sachs-backed crypto startup that launched USD-pegged stablecoin USDC, has agreed to sell its digital asset investment app Circle Invest to Voyager Digital Canada, the operator of digital asset broker Voyager. Circle Invest customers to be moved to the Voyager Platform by the end of March 2020 As part of the acquisition, Voyager will be integrating features of Circle's new stablecoin platform service into the Voyager Platform, the company announced on Feb. 12. Voyager will also expand its client base to over …

The Coinbase-backed Crypto Ratings Council (CRC), a group of major United States’ cryptocurrency firms seeking regulatory clarity, has welcomed new members. Established in late 2019, the CRC has expanded to include members like trading platform eToro, crypto exchange OKCoin and Radar, the startup behind decentralized exchange Radar Relay. Coinbase announced the news in a press release shared with Cointelegraph on Jan. 16. CRC now counts 11 members including Goldman Sachs-backed crypto finance firm Circle As the new participants join eight other industry leaders in the council, the CRC now counts eleven companies that strive for more clarity from U.S. securities …

Crypto exchange Kraken has added stablecoin USD Coin (USDC) to its list of trading pairs. Touted as “the world’s fastest-growing stablecoin,” USDC saw listing today on crypto exchange Kraken, per a press release provided to Cointelegraph on Jan. 8. USDC developed by Circle and Coinbase Payment company Circle, alongside crypto exchange powerhouse Coinbase, founded an endeavor called the Centre Consortium, developing USDC under the Centre name. An Ethereum-based (ERC-20) token, USDC is a cryptocurrency pegged to the U.S. dollar, allowing traders and investors to park their money in a stable and transferable digital asset if need be. The past two …

The digital currency space has seen rapid growth and expansion in 2019, with heightened interest from governments and global corporations. Cryptos recovered from the 2018 bear market, when with Bitcoin (BTC) crashed to as low as $3,800, leaving numerous experts to paint a gloomy picture of a longstanding bear market and call the downturn in the first half of 2019 the longest and harshest in the crypto history. While cryptocurrency markets were struggling to recover, corporate and central bank digital currencies have quietly become a focus of attention. The blockchain sector has seen exponential growth in 2019, as it became …

Even though the cryptocurrency industry is not new to ups and downs, 2019 has turned out to be the year with the most surprising reveals. The long-lasting bear market of 2018 moved market analysts to call it the year of regulatory reckoning, leaving many jurisdictions uncertain about how to treat cryptocurrencies. However, 2019 also turned out to be the year of the comeback, as big tech giants like Facebook moved from banning crypto to embracing it. Escalating global events such as the trade war between the United States and China have shifted investors’ point of view on the utility of …

San Francisco-based cryptocurrency exchange Kraken announced that it has acquired Circle’s over-the-counter (OTC) desk. In a Dec. 17 blog post, Kraken said that the company has bought “one of the most recognized OTC desks in crypto.” Circle co-founders Sean Neville and Jeremy Allaire confirmed the sale of the Circle Trade OTC business to Kraken, saying: “We have known and admired Jesse and his team at Kraken for many years, and we have every confidence and expectation that Circle Trade customers and partners will continue to find best-in-class OTC liquidity service and responsiveness through Kraken going forward. Circle Trade represents an …

Payments company Circle has reportedly laid off another ten employees, following the news that its CEO Sean Neville quit his position — events that the firm says are unlinked. On Dec. 11, a Circle representative told Cointelegraph ”we've streamlined some departments and eliminated about 10 roles.” The spokesperson confirmed that the company was looking to focus on its stablecoin, USDC. Earlier today, the company minted another $2.8 million of the coin. Unrelated to Sean Neville’s departure as CEO The news follows the recent transition of co-founder and co-CEO Sean Neville to a post on the company’s board of directors in …

Payments company Circle will install a new CEO at the start of 2020 after one of its original co-founders steps down from the position. According to cryptocurrency media outlet CoinDesk on Dec. 5, co-founder and co-CEO Sean Neville will transition to a post on the company’s board of directors in January. Sean Neville becomes board member Neville launched Circle with Jeremy Allaire in 2013, and has presided over its metamorphosis in the ensuing years, including a pivot away from Bitcoin (BTC) and the acquisition of cryptocurrency exchange Poloniex last year. As Cointelegraph reported, Circle is now selling Poloniex, Neville describing …

Circle, the parent company of cryptocurrency exchange Poloniex, says it could charge United States users fees and even confiscate users’ entire balances if they do not remove their funds. In a blog post on Dec. 3, Circle warned that U.S. traders have no option but to stop using Poloniex, a policy adopted in preparation for the platform forming its own separate entity. Funds must be taken from accounts by Dec. 16. If a user fails to do so, fees may apply, which in theory can total the entire account balance. The blog post stated: “There are two fees Poloniex US …

EToroX, the digital asset platform of social trading platform eToro, announced the listing of privacy coin Dash and seven stablecoins in a press release published on Nov. 12. Per the release, eToroX users can now also trade stablecoins backed by the Turkish Lira (TRYX), Polish Zloty (PLNX), South African Rand (ZARX) and Hong Kong Dollar (HKDX) alongside U.S. dollar-backed tokens USDC and Tether (USDT). The addition brings the number of assets tradeable on the cryptocurrency exchange up to 26. Doron Rosenblum, managing director at eToroX, commented: “We see the addition of USDC and USDT as a way for eToroX to …

Two former executives at crypto finance firm Circle and former DRW executive jointly founded proprietary crypto trading firm CMS Holdings. The new venture Coindesk reported on Nov. 12 that the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter desk Circle Trade — and former technology executive Julien Collard-Seguin alongside a third partner. The third founder is the former head of trading at Cumberland (the crypto trading arm of brokerage DRW) Bobby Cho. According to the outlet, the three decided to pool over $10 million. The firm started trading last month. …