Circle’s SeedInvest Takes Step Toward Tokenizing Stocks With Trading License

Equity fundraising platform SeedInvest, which was recently acquired by cryptocurrency startup Circle, can now operate as an alternative trading system (ATS), the companies announced Friday. SeedInvest and Circle said in a blog post that the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization that oversees broker-dealers and securities exchanges in the U.S., granted the crowdfunding startup […]

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Humanity Can’t Survive Digital Age Without Crypto: Circle CEO Jeremy Allaire

Circle co-founder Jeremy Allaire said that the world needs cryptocurrency to survive the digital age. | Source: DLDconference/YouTube By CCN.com: Circle CEO Jeremy Allaire says humanity can’t survive the digital age without crypto because its decentralized nature and resiliency make it indispensable. Allaire made the remarks at the 2019 World Economic Forum in Davos, Switzerland. Allaire says […]

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Circle’s USDC Stablecoin Fully Dollar Backed, Says Latest Auditor’s Report

Crypto finance startup Circle’s USDC stablecoin was fully backed with fiat reserves at the close of 2018, according to auditing firm Grant Thornton. The auditor published an attestation report on Wednesday, stating that Circle had $251,211,209 held in custody accounts as of Dec. 31, 2018, against the 251,211,148 USDC tokens in circulation at the time. Goldman Sachs-backed […]

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Crypto Exchange Poloniex Launches Institutional Trading Services

Crypto exchange Poloniex has announced the opening of trading services for institutional clients. The company, which was acquired by payments firm Circle earlier this year, said Tuesday that it will begin offering institutional accounts, with support for different crypto trading pairs and API interfaces. The exchange will also provide no-fee transactions for all bitcoin/USD Coin trades […]

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