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Tag: Circle

July 4, 2024

PayRate42 Awards Circle with “Green Compliance” and “Green Risk” Ratings

Cyberfinance rating agency PayRate42 has awarded Circle, the issuer of the stablecoin USDC, with top ratings for both compliance and risk. The "Green Compliance" and "Green Risk" ratings reflect Circle’s adherence to stringent regulatory standards and its robust risk management framework. This recognition comes as Circle becomes the first stablecoin issuer to secure a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation.

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January 13, 2024

Welcome To the Next Crypto Bull Run: Stablecoin Issuer Circle Prepares For IPO!

Oh yes, the crypto hype is back in town. Circle, the company behind the issuance of the USDC stablecoin, has made a significant step towards going public. According to a press release, the firm has filed confidential documents with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). This move comes notably just a day after the SEC's landmark approval of 11 spot bitcoin exchange-traded funds.

December 22, 2023

Stablecoin Issuer Circle Obtained Conditional Registration as DASP In France!

Circle, the issuer of the stablecoin USDC, has taken a significant step in expanding its European presence by obtaining conditional registration as a Digital Asset..

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October 13, 2023

Circle Admitted As Amicus Curiae In SEC vs. Binance Lawsuit!

U.S. District Judge Amy Berman Jackson has reportedly issued several orders addressing outstanding motions in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and crypto trading platform Binance in preparation for an upcoming pivotal hearing. One of the significant orders Judge Jackson gave was the approval of an amicus brief submitted by USD Coin (USDC) issuer, Circle.

March 12, 2023

USDC Stablecoin Issuer Circle Provided Statement Of Impact Of SBV Collapse!

The Silicon Valley Bank's (SVB) sudden death on Friday triggered shockwaves in the already traumatized crypto scene. One of the victims of the SVB collapse was the USDC stablecoin, which is 100% collateralized with cash and US Treasuries. $3.3 billion of USDC’s cash reserves had been deposited with SVB at the time of the collapse. The USDC price dived but recovered quickly. USDC issuer Circle said they hope the regulators will find a solution that protects customers’ assets 100%.

March 12, 2023

Contagion Fear: Silicon Valley Bank Collapse May Trigger Global Startup Wipe-Out Tsunami!

According to a Reuters report, the U.S. financial sector and the startup scene are shaken by the sudden death of the Californian Silicon Valley Bank (SBV). The contagion fear reaches global dimensions. Financial industry executives, investors, and founders are concerned that the SBV collapse could result in a domino effect on other regional banks and startups. The regulators are urged to intervene to avoid a massive wave of startup wipe-out.

May 29, 2019

Defend Crypto Crowdfunding Campaign – Messaging Service Kik fights SEC’s ‘Innovation Tax’

During the ICO hype in 2017, Canadian messaging app Kik raised about $100 million in an ICO with the issuance of their Kin token. Only..

Crypto-Trading

April 27, 2019

Circle Crypto Research – Institutional Cryptoassets Holdings Increased 40% In 1Q19

According to a Circle Research Report, cryptoassets under management (cAUM) increased by over 40% q/q in 1Q19 vs. the 22% q/q increase in 4Q18. This..

Crypto-Trading

November 30, 2018

COINBASE LAUNCHES OTC TRADING SERVICES FOR INSTITUTIONAL INVESTORS

After the 2017 hype, the crypto markets are still on the bottom. As always after such boom-bust cycles, the surviving providers are using the time..

Swiss Regulator Seizes $15 Million from Private Bank Mirabaud Connected to a Vast Money Laundering and Tax Evasion Case!

Swiss regulator FINMA has seized $15 million from Geneva-based private bank Mirabaud & Cie for serious breaches of financial market law and money-laundering obligations. The bank failed to conduct proper due diligence on a deceased businessman accused of tax evasion, managing up to $1.7 billion in assets linked to him. Despite Mirabaud's efforts to keep the case private, a Swiss court has now made it public.

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Does Sam Bankman-Fried’s Appeal Stand a Chance?

Sam Bankman-Fried’s legal team has filed an appeal to overturn his 25-year sentence, arguing that his trial was tainted by bias. The appeal claims that crucial evidence, including the solvency of FTX, was withheld from the jury. However, legal experts are skeptical about the chances of success, given the high bar for overturning such convictions. Lesson to be learned: bankruptcies are dangerous for all concerned.

Wanted: Connectum Voluntarily Restricts Business After FCA Audits and Vanished Into Thin Air!

Connectum, once a key player in facilitating payments for cybercrime organizations, has seemingly vanished after voluntarily restricting its business operations following FCA audits. The payment institution, now controlled by Cambodian PEP Sokha Heng, stopped offering services as of May 22, 2024, and its email address is no longer functional—raising concerns about the company’s current status. Connectum is wanted by fund recovery organization EFRI for victim compensation payments.

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Global Law Enforcement Action Dismantles Ghost Platform Used by Organized Cybercrime!

In a coordinated international crackdown, authorities have dismantled the Ghost encrypted communication platform, which criminal organizations had used for activities including drug trafficking, money laundering, and violent crime. Over 50 arrests were made globally, and drugs, cash, and encrypted devices were significantly seized. Europol led the operation, which involved law enforcement from nine countries.

Cyprus Real Estate Firm Partners with Notorious CryptoProcessing for Crypto Payments! And Some Background!

Anything is possible in Cyprus. Especially when it comes to cyber finance and illegal gambling and financial platforms. Cyprus was the global hub for illegal and fraudulent binary options. Providers of crypto services have also found a home there. The island is also home to the Dream Hill real estate company, which now offers the purchase of apartments via cryptocurrencies. The partner for this is CryptoProcessing. Here is the most important thing in Telegram style.