Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. In a tweet published on Oct. 19, Sun has claimed that he is “not buying anything,” noting that he is an investor and disclosing some of his crypto assets: “Just invest some and help out my friends. Actually I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges that support $TRX & $BTT.” As Cointelegraph reported on Oct. 18, the United States-based crypto exchange Poloniex is spinning out …

United States-based crypto exchange Poloniex is spinning out from Circle to form a new exchange that will not support trading for customers based in the U.S. New firm receives backing from Asian investment group The new independent firm, called Polo Digital Assets, will free Poloniex from its parent company Circle, the firm said in an official announcement on Oct. 18. Per Poloniex, this will allow it to focus on the needs of global crypto traders with new features, assets and services to boost its competitiveness in the market. In a separate blog post, Circle said that Polo received backing from …

Global financial services company Circle announced that Bermuda became the first government to accept its stablecoin USD Coin (USDC) for tax payments. Part of a broader government initiative to embrace stablecoins According to a press release shared with Cointelegraph on Oct. 16, this development is part of a broader initiative, which sees the Bermuda government support “the use of USD-dollar backed stablecoins and decentralized finance protocols and services.” Circle co-founder and CEO Jeremy Allaire said: “Bermuda’s Premier made a broader announcement today about embracing stablecoins as the future of the financial system, with a focus on innovations in fintech that …

Major United States’ crypto firms such as Coinbase and Kraken are teaming up to launch a rating system to jointly define which digital assets are securities. Crypto Ratings Council to launch on Sept. 30 In a move to provide more clarity on which tokens can be traded without the supervision of regulators, the major U.S.-based exchanges have formed the Crypto Ratings Council, the Wall Street Journal (WSJ) reported on Sept. 30. According to the report, other members of the Crypto Ratings Council include Circle Internet Financial, Bittrex, Genesis Global Trading, Grayscale Investments, Anchor Labs and DRW Holdings' Cumberland unit. The …

Tron founder and CEO, Justin Sun, says he’ll reschedule his charity lunch with Berkshire Hathaway chairman and billionaire Warren Buffett “very soon.” The CEO announced the news during a live stream on Tuesday, Sept. 24. An open invitation to the leader of the free world As reported, Sun had won a charity auction on eBay in June to have lunch with Buffett and his own choice of guests, with a winning bid of $4,567,888 — the highest bid in the event’s 20-year history. Yet just days ahead of the much-anticipated event, the Tron CEO was forced to postpone due to …

In what is being considered a major step forward for Binance, CEO Changpeng Zhao (aka CZ) recently announced that his firm was all set to make its first strategic investment in China since leaving the Asian powerhouse back in 2017. At the time, the government had enforced a local crypto trading ban that resulted in a number of firms either shutting down completely or relocating to other, more hospitable destinations. In regard to this latest development, Binance — one of the world’s leading cryptocurrency exchanges — recently participated in a funding round estimated to be worth $200 million hosted by …

Crypto finance startup Circle announced that it is hitting the pause button on its Circle Research activities. Deciding on a future direction In a blog post on Sept. 24, the Circle team said the suspension came despite “significant progress” with its content offerings. The team of the Goldman Sachs-backed crypto startup Circle explained: “It’s time to evaluate our contribution and overall strategy. With that in mind, we’ve decided to pause Circle Research activity for the time being as we decide on a future direction for the program.” Circle Research was launched on Oct. 9, 2018, with the intent to provide …

China has the most progressive approach to central bank digital currencies (CBDCs) to date, according to Circle CEO Jeremy Allaire. The only global bank to really care Allaire said that China’s central bank has the most advanced thinking about CBDCs in an interview aired on Phoenix Chinese News on Sept. 9. According to Allaire, the People's Bank of China (PBoC) is the only global central bank that is working on the CBDC from a research and development perspective. The Circle CEO emphasized that the PBoC appears to be the most significant central bank to be launching a digital currency commercially, …

The crypto community has seen a tectonic shift in fundraising trends: from the decline of initial coin offerings (ICOs) to the hype around security token offerings (STOs) and then the rise of initial exchange offerings (IEOs). The inclination for fundraising seems to evolve every year. Similarly, 2019 brought with it a new way for crypto businesses to launch their tokens. Fundraising is the key to any business to take off. Crowdsourcing trends have taken off globally across all sectors, especially in the decentralized world of cryptos — though the way to crowdsource changes as technology progresses and as society progresses. …

Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, has said that the firm has long believed major fiat currencies will eventually be tokenized. Significant digital currencies In an interview on Aug. 21 on the podcast Global Coin Research, Allaire said that Circle has thought for years that sovereign currencies would go digital. He added: “When we got started with Circle back in 2013, I think our belief has been that there will be significant non-sovereign digital currencies that grow in use and that will be attractive to people for a wide variety of reasons, and Bitcoin obviously …

Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest. According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be responsible for raising and managing the fund in partnership with SeedInvest's senior leadership team. The partner will be expected to develop and drive an investment thesis, targeting Seed Invest's network of 250,000 investors to maximize returns, the job posting notes. The new position will also require to run day-to-day operations of the fund, including major fundraising initiatives, sourcing investment opportunities, as well as …

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 voiced his sentiment during the CNBC’s Squawk Box. He explained: "Clearly, a non-sovereign digital asset like bitcoin is attractive to people who are interested in moving capital into a place where they can control it themselves. That underscores a lot of interest that’s been there over time. It’s the digital gold thesis, and I think a lot of both institutional accumulators of bitcoin, individuals, very specifically individuals in jurisdictions …