NFT studio Dapper withdrew their ACH option, as Circle removed the functionality. Circle blames Silvergate’s ill-financial health as the USDC issuer removes funds from the crypto bank. Dapper, the N...
Tag: Circle
Circle Dropped Automated Clearing House Payments: Dapper Labs
Dapper Labs said Monday it can no longer process Automated Clearing House (ACH) payments due to its payment partner, Circle. In an announcement on its public Discord server, Dapper said Circle has mad...
Circle Releases Crucial Update on USDC/Silvergate Issues
Vladislav Sopov Circle managed to move reserves of USD Coin (USDC) stablecoin out of collapsing banking heavyweight Contents Circle moves deposits out of Silvergate Another domino effect in crypto? U....
Sam Bankman-Fried’s inner circle turns on him
A third member of FTX founder Sam Bankman-Fried’s inner circle pleaded guilty to criminal charges, significantly upping the legal peril for the embattled former CEO. Former FTX Director of...
Coinbase Adds Circle Issued Euro Coin (EUROC) Stablecoin
Exchange News The EUROC was added to the exchange’s listing roadmap earlier this month. Circle has launched a stablecoin which is pegged in value to the Euro at a 1:1 ratio. The Euro-backed stablecoi...
Binance bites back against Forbes report claiming transfer of $1.8 billion in client collateral
Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
Circle CEO Criticizes SEC Stablecoin regulations
According to Jeremy Allaire, founder and CEO of Circle, the United States Securities and Exchange Commission is not the suitable institution to oversee stablecoins. The chief executive officer of Circ...
Circle reports an increase in USDC stablecoin circulation
On Feb. 23, in response to the BUSD incident, Circle reported a significant increase in the circulation of their stablecoin, USDC. They have issued 2.1 billion and redeemed 1.5 billion coins, resultin...
Circle Plans to Increase Workforce by 15-25%
According to a report from The Wall Street Journal, the issuer of USD Coin (USDC), Circle, intends to boost its employment by 15–25% in 2023 despite the widespread trend of layoffs throughout the sect...
Circle (USDC) CEO Talks ‘Anxiety’ About US Crypto Regulation
Circle USDC Coin: Despite increasing regulatory pressure around crypto market, the US administration is far from providing a clear and distinct view. This is amid an increasing interest from new entra...
Circle Still Wants To Go Public — And It’s Hiring Soon
Circle, operator of stablecoin USD coin, is aiming to buck the layoff trend by expanding its workforce as it focuses on operational growth this year. And it still might go public. The Wall Street Jour...
Circle CEO believes the SEC has it all wrong on stablecoins
According to Jeremy Allaire, Circle’s founder and CEO, there are better institutions than the US SEC to oversee stablecoins. The leader of Circle is quoted as saying that stablecoins are payment chann...
Circle CEO Believes Stablecoins Should Not Be Regulated by the SEC
Following the most recent crackdown by the US Securities and Exchange Commission against several crypto companies, Jeremy Allaire opined that the agency is not the best fit to oversee stablecoins in p...
SEC is not the appropriate regulator for stablecoins: Circle CEO
The United States Securities and Exchange Commission is not the appropriate agency to regulate stablecoins, according to Circle founder and CEO Jeremy Allaire. In an interview with Bloomberg on Feb. 2...
SEC Shouldn’t Regulate Crypto Stablecoins, Says Circle CEO
Circle chief Jeremy Allaire has reacted to the recent spree of enforcement actions by the US Securities and Exchange Commission (SEX) and other agencies in the crypto industry. In an interview with Bl...
ETH Price Increase Stops After Whale Ceases Circle Withdrawals
ETH is currently worth about $1,653.49 after a 0.92% drop in price. Lookonchain posted about a mysterious fund pouring money into the crypto market. The account ceased withdrawing funds from Circle on...
Circle CEO says stablecoin regulation should not be assigned to U.S. SEC
Ad Circle CEO Jeremy Allaire told Bloomberg on Feb. 23 that the U.S. Securities and Exchange Commission should not be tasked with regulating stablecoins. Allaire said during an interview with the publ...
Circle CEO Believes The SEC Should Not Regulate Stablecoins
– Advertisement – Circle founder and CEO Jeremy Allaire recently stated that the U.S. SEC is not the right regulator for stablecoins. Allaire believes that the activities of a payment sta...
Circle Euro Stablecoin Finally Gets A Run On Coinbase
Coinbase, one of the largest centralized crypto exchanges in the world, is adding Circle’s euro-pegged stablecoin (EUROC) to its token roster. EUROC is a stablecoin issued by Circle pegged one-to-one ...
USDC issuer Circle to increase staff by up to 25% amid layoff season
USD Coin (USDC) issuer Circle plans to increase its workforce by 15–25% in 2023 amid a sea of layoffs across the industry, reported The Wall Street Journal. When a significant chunk of industry-wide f...
Circle recommends Central Bank of Ireland adopt public blockchains for consumer protection
Ad Quick Take Circle submits a response to the Central Bank of Ireland highlighting the benefits of blockchain-based financial services for consumers. Circle offers recommendations on how financial su...
Circle Denies Receiving ‘Wells Notice’ Over USDC
The business that generates USD Coin (USDC), Circle, has denied allegations that it has been served with a “Wells Notice” in connection with its dollar-pegged stablecoin. These allegations...
Rival Stablecoin Warned NY Financial Watchdog About BUSD
Binance USD might just be in hot water because of rival stablecoin issuer Circle. Circle, the creator of USD Coin, warned the New York State Department of Financial Services (NYDFS) in the autumn of 2...
Merit Circle (MC) And Syscoin (SYS) Holders Acquire More Orbeon Protocol (ORBN) As Orbeon Yields More ROI
It’s never an understatement when people refer to the global cryptocurrency market as “full of uncertainty”. However, it doesn’t influence the sentiments of investors who by default are drawn to coins...
Circle squashes rumors of planned SEC enforcement action
USD Coin (USDC) issuer Circle has denied rumors that it received a “Wells Notice” over its United States dollar-pegged stablecoin. On Feb. 14, a now-deleted tweet from Fox Business reporter Eleanor Te...
USDC Issuer Circle Debunks Rumors Of Being SEC’s Latest Target
The crypto community is still reeling with fear, doubt, and uncertainty (FUD) from the latest regulatory tension in the industry since U.S. regulators have taken enforcement actions on some crypto fir...
USDC: has Circle been blocked by the SEC?
Yesterday, news broke that the SEC had ordered Circle to stop issuing new USDC tokens. The news was based on rumors from anonymous sources, and was later denied by those directly involved. However, th...
Circle USDC Filed A Regulatory Complaint Alleging Binance Mismanaged Reserves In 2022
Join Our Telegram channel to stay up to date on breaking news coverage Circle USDC filed a regulatory complaint alleging Binance mismanaged reserves in 2022, Bloomberg reports. What: Circle filed a re...
CZ tackles Paxos, BUSD issues; Circle denies getting Wells notice from SEC
Ad The biggest news in the cryptoverse for Feb. 14 saw Binance CEO Changpeng Zhao address various issues related to Paxos and the BUSD stablecoin. Meanwhile, Circle denied that the U.S. SEC has served...
Circle Spotted Dodgy Dealings At Binance, And Told The Feds… –
Join Our Telegram channel to stay up to date on breaking news coverage Circle, a stablecoin issuer, reportedly blew the whistle to the New York Department of Financial Services (NYDFS) regarding Binan...
USDC Issuer Circle Refutes SEC Enforcement Action FUD
Following the SEC crackdown on Kraken last week and its subsequent threat of action against BUSD issuer Paxos, rumors have been flying about Circle being next. Crypto Twitter was awash with unfounded ...