Circle

The U.S. Treasury Department recently blacklisted the use of Tornado Cash, an open source project that allows users to hide their transactions. They claim Tornado has been used by North Korean hackers to launder over $7 billion in stolen cryptocurrency since 2019. In turn, Circle, issuers of the...

Jeremy Allaire, co-founder and CEO of global fintech firm Circle, refuted rumors of a potential USDC (CRYPTO: USDC) collapse. What Happened: Following the recent crypto market crash, Allaire addressed the USDC’s potential de-peg in a series of tweets on July 2. It is "understandable why...

Cryptocurrency firm Circle announced on June 16 that it would be issuing Euro Coin (CRYPTO: EUROC). What Happened: As revealed to CoinDesk, USD Coin (CRYPTO: USDC) issuing company Circle would be launching Euro Coin. The stablecoin is to be collateralized with reserves in Euro denomination,...

Stablecoins have dominated the headlines in the world of cryptocurrency this week with the crash of several coins. The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company. What Happened: A SPAC deal ...

The interest among companies for blockchain and cryptocurrencies have been on the rise, and this bodes well for digital currencies. Big Tech companies are trying to capitalize on the potential these assets offer, as awareness and adoption increase. Established companies are increasingly recruiting...

Cryptocurrency has taken the world by storm and by many accounts, “gone mainstream.” There are plenty of use cases for digital currency in the modern world: easy international transfers without having to worry about forex exchanges, private transactions, and more. But one thing that has...

The start of 2022 has seen SPAC mergers called off and the valuation of some deals lowered. On Thursday, a previously announced SPAC merger announced an increased valuation. Here's what investors need to know.  What Happened: Circle announced the termination of an existing merger agreement...

Solana Labs, the entity behind high-speed blockchain Solana (CRYPTO: SOL), has launched a new payments protocol that will let merchants accept crypto payments directly from consumers. What Happened: In an announcement on Tuesday, Solana unveiled Solana Pay which will let merchants accept USD Coin (...

Cryptocurrency exchange Poloniex has been fined by the SEC. Here’s what investors should know. What Happened: Poloniex, a cryptocurrency exchange, was fined $10 million by the SEC for operating an “unregistered online digital asset exchange,” according to a report...

A leading digital currency company that created the USD Coin announced a SPAC merger Thursday morning. The SPAC Deal: Circle announced a SPAC merger with Concord Acquisition Corp (NYSE: CND) valuing the company at $4.5 billion. A PIPE of $415 million is included as part of the SPAC merger and...