Tag Archives: Circle

Circle Releases Third Audit Report of Stablecoin USDC’s Dollar Reserves

Cryptocurrency finance company Circle has released the third audit attestation of the reserves of its fiat-backed stablecoin, USD Coin (USDC), according to an official statement Jan. 16. The third-party audit of Circle’s United States dollar reserves was issued by independent accounting firm, Grant Thornton LLP. According to the report, as of Dec. 31, 2018 at 11:59 p.m. UTC,… Read More »

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 Circle currently has… Read More »

Bittrex Has Launched a Cryptocurrency Over-the-Counter (OTC) Trading Desk

The crypto exchange of Bittrex has joined the ranks of platforms offering an OTC (Over the Counter) trading desk to cater for growing demand from its clients. Bittrex’s new service will be available to approved investors who will access quick and convenient trading of cryptocurrencies. Majority of the trades the OTC desk will cater for, will be valued… Read More »

Bitcoin Price Drops Further As Circle CEO Says ‘Core’ Crypto Assets ‘Undervalued’

Circle CEO Jeremy Allaire has said he believes “core” cryptocurrency assets are undervalued as the Bitcoin price tumbles closer to $3500. Allaire: ‘Markets Are Oversold’ In a Reddit ‘Ask Me Anything’ session January 10, Allaire, whose company famously decoupled itself from Bitcoin in 2016, also forecast less correlated trading in altcoin markets. “My general perception is that the… Read More »

Circle CEO Says Markets Are Oversold and Some Core Assets In Crypto Market Are Undervalued

While 2018 was a somber year for cryptocurrencies, one company that really stood out in terms of expansion and development is Goldman Sach’s backed Fintech start-up Circle. To answer key questions about the company and to spell out the company’s outlook for 2019, CEO Jeremy Allaire and President of Product and Operations, Sean Neville started the ‘Ask Me… Read More »

Circle CEO Says More Regulatory Clarity From US SEC Will Help Unlock Crypto Markets

CEO and co-founder of Goldman Sachs-backed crypto finance company Circle has said the biggest regulatory hurdle facing crypto today is the lack of clarity from the United States securities regulator over how to define various crypto assets. Jeremy Allaire made his remarks in an AMA reddit thread he initiated on Jan. 10 together with Circle co-founder Sean Neville… Read More »

Wall Street Still Throwing Billions At Bitcoin, But There’s Still A Ways To Go

Since Bitcoin volumes began to dissipate in late-2018, which came alongside price plunges, the crypto’s curious investors have sought to determine where the money has fled. For the longest time, it was assumed that over-the-counter (OTC) desks picked up where spot exchanges, namely Bitfinex and Coinbase, were slacking. Yet, a recent company update from Circle has touted OTC statistics that… Read More »

Circle Reveals $24 Billion Cryptocurrency OTC Trading Volume in 2018

Goldman Sachs-funded cryptocurrency startup, Circle, recently released its list of accomplishments for the year 2018. The company says it executed over-the-counter (OTC) crypto trades to the tune of $24 billion in notional volume. Circle Does $24 Billion in Cryptocurrency OTC Trading Circle announced its 2018 achievements in a blog post published by the company on Thursday (January 3, 2019). Circle… Read More »