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Tag Archives: jeremy allaire

Circle Is to Anchor Its Business on Stablecoin Services as Its Executives Leaving the Team

Circle payments startup announced that it is anchoring its business model primarily to providing stablecoin services. The news comes after the firm sold its over-the-counter (OTC) trading desk to Kraken. Additional executives were leaving as part of that Circle OTC sale deal. These top-ranking individuals leave just weeks after co-CEO Sean Neville said that he would be stepping down.Neville and CEO Jeremy Allaire used a long blog post on December 17 to say that the company would majorly focus...

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Kraken Acquires Circle Trade OTC Desk as Circle Focuses on Its Stablecoin

According to an official blog post published yesterday, Kraken has acquired Circle Trade – Circle’s over-the-counter (OTC) platform. The statement says that Kraken sees Circle Trade as “one of the most recognized OTC desks in crypto” and the team is very excited about the acquisition.The statement also includes further details expected from the acquisition. Firstly, the company expects that the fact that its services would now be expanded and a lot more capable will attract new trading...

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Sean Neville Announces His Stepping Down as Circle Co-CEO

In a major turn of event at crypto startup Circle, Sean Neville will be stepping down from his role as the Co-CEO of the company. In an email secured by CoinDesk, Neville notified his decision during a quarterly meeting among the Board of Directors.Neville found this Boston-based peer-to-peer payments technology company in partnership with Jeremy Allaire, in 2014. While Neville decided to step down from the role of Co-CEO, he will continue as the company’s independent director.Neville has not...

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Will Bermuda Be the New Crypto Center of the World?

Who would have thought that a small island region – known more for its “triangle” and the strange phenomena surrounding it – would be so interested in crypto? Representatives of Bermuda in the Caribbean are now claiming that digital currencies are the future, and they’re looking to be far more committed to virtual money technology in the coming years.Bermuda: The Tech Region of TomorrowPremier David Burt spoke recently at the Bermuda Tech Summit to say that the region would be accepting “1:1...

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Could Tether Be the World’s Most Used Cryptocurrency Ahead of Bitcoin?

What is the most used crypto in the world today? Many may think that it is Bitcoin since it accounts for over 67% of the digital-asset world’s market value. They could be wrong. Although dependable figures on trading volumes are rare to come by in the unpredictable crypto finance world, CoinMarketCap.com data shows some interesting reports.The token that has the highest daily and monthly trading volume is Tether that has a market capitalization that is over 30 times smaller than Bitcoin....

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Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto Competition

Over the last few months, big organizations and government institutions have shown interest in the crypto space. China’s central bank – People’s Bank of China (PBoC) – has fast-tracked its work on introducing a central bank digital currency (CBDC) to the market. However, China’s attempts to launching a CBDC come as a measure to counter the potential competition by Facebook‘s Libra.Commenting on this, Circle CEO Jeremy Allaire said that China has the most progressive approach towards CBDC....

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US Senator: Even If We Wanted To, We Couldn’t Ban Bitcoin

U.S. Senator Mike Crapo (R-Idaho) admitted that it would be difficult or impossible to ban bitcoin in the United States. The Senator offered a number of positive comments on bitcoin as he chaired the Senate Committee on Banking, Housing and Urban Affairs cryptocurrency hearing yesterday.“If the United States were to decide, and I’m not saying it should, if the United States decided we didn’t want cryptocurrency to happen in the United States, and tried to ban it, I’m pretty confident we...

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