Stablecoin issuer Circle blamed the U.S. Securities and Exchange Commission (SEC) for its failed public-listing plan, Financial Times reported on Jan. 25. The USDC issuer said the financial regulator failed to approve its S-4 registration before the expiration of its $9 billion special purpose acquisition company (SPAC) deal. The S-4 registration allows companies to offer new shares upon approval by the SEC. A...
Circle's SPAC deal meant to take the USDC issuer public was delayed by the SEC until the agreement expired in December 2022.
Circle CEO Jeremy Allaire on Tuesday said the crypto market will witness more insolvencies in 2023 as companies continue to struggle in the early. However, he remains optimistic about technological developments in the market and an uptick in the crypto adoption rate in 2023 due to progress in regulatory frameworks and rules. More Insolvencies in The post Circle CEO Jeremy Allaire - "More...
The development means that Circle will not go public by acquiring Concord as previously planned. Circle said the deal did not go through because they could not meet a key SEC deadline.
Circle SPAC Termination News: Circle Internet Financial, the company behind stablecoin USDC, on Monday officially announced it was terminating its special purpose...
Key takeaways: USDC stablecoin issuer Circle has launched support for Apple Pay Apple Pay integration makes it easier for crypto-native businesses to accept payment from customers that don’t use crypto...
Stablecoin issuer Circle has integrated Apple Pay support to benefit traditional businesses by allowing them “to shift more retail payments to digital currency.” To bridge the gap between cryptocurrency and conventional payment methods, Circle, the creator of the USD Coin stablecoin linked to the US dollar, has added support for Apple Pay. The announcement was […] The post...
USD Coin Issuer Circle has mentioned that Apple has now allowed and enabled crypto payments that will be using stablecoin on their payment platform. Merchants who accept the USDC will now be able to do so with the help of Apple Pay. It will be now possible to interact with Apple Pay for merchants who are open to accepting Circle's USDC...
Predictably, the collapse of FTX has put U.S. regulators on notice. Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have launched investigations into the business practices of FTX. As the Wall Street Journal...
The issuers of the two largest stablecoins, Tether and Circle, have distanced themselves from the FTX situation, saying they have no exposure to the struggling crypto exchange or Alameda Research. Tether distances self Tether’s CTO Paolo Ardoino said in response to a Wu Blockchain tweet that the USDT issuer had no exposure to FTX or Alameda....
Amidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects similar to the demise of Celsius and Terra Luna could loom. At that time, other well-known companies such as...
USD Coin issuer Circle has announced that its recently launched Euro-backed stablecoin Euro Coin will available on Solana. The company published a press release on November 6, stating that the Euro Coin would arrive on the Solana network in early 2023. The press release highlighted that native support of Euro Coin and access to the Cross-Chain Transfer Protocol would happen on Solana in...
BlackRock oversees the management of the Circle Reserve Fund, which is in the custody of Bank of New York Mellon. The company that launched USD Coin (UDSC), Circle, said that it has started investing some of its funds in Circle Reserve Fund, which was established earlier through a cooperation with the biggest asset manager in […] The post...
In a recent development, the stablecoin issuers Circle and Paxos have received approvals in Singapore. According to the report, the Monetary Authority of Singapore (MAS) signed the licenses for the firms. Regulatory licenses and approvals have become mandatory in almost all jurisdictions for crypto-related companies. Most countries are using regulatory approvals as a measure to monitor and control the operations of the firms....
USDC stablecoin issuer Circle Internet Financial receives in-principle approval as a Major Payments Institution License holder from the Monetary Authority of Singapore (MAS). The company will provide digital payment token products, cross-border and domestic transfer services in the city-state. Moreover, Circle looks to drive institutional crypto adoption of USD Coin......
Special purpose acquisition company Concord Acquisition Group plans to further delay USDC issuer Circle's acquisition to January 2023. Circle's CEO Jeremy Allaire earlier confirmed plans to go public in Q4 2022 after closing the acquisition deal. Meanwhile, the USD Coin (USDC) market cap continues to shrink as compared to the... Read more
One sleuth believes he knows the identity of the person responsible for Mango Markets $100 million attack, but how reliable is his evidence? Mango Markets Exploited Crypto trader Avraham Eisenberg...
Circle, the company behind USD Coin, the second largest market cap stablecoin in the industry, has announced a massive expansion is in the works in the coming months. According to the company’s official statement, USDC will go live on Arbitrum, NEAR, Optimism, and Polkadot by the end of this year. In addition, support for the interoperability-focused Cosmos chain is planned for early next...
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