Blog Archives

Circle Acquires Crypto Exchange Poloniex For $400 Million

Posted on 27th February, 2018

Peer-to-peer payments startup Circle announced yesterday that it has acquired Boston-based cryptocurrency exchange Poloniex. According to multiple reports, Circle is paying around $400 million for the exchange, which has been in operation since 2014. The sale also brings Goldman Sachs one step closer to becoming a major player in the cryptocurrency world, as the financial […]

Circle teases new iOS and Android apps

Posted on 16th September, 2014

Even though they’re still in an invite-only beta test, bitcoin-brokerage Circle clearly has plans to break into the mainstream in the near future. CoinDesk reports today that the company gave an exclusive preview of their new iOS and Android apps at the CoinScrum meetup in London yesterday, giving several hints about Circle’s near-future plans. CEO […]

Circle CEO Jeremy Allaire says that proposed BitLicense will force company to block service in NY

Posted on 13th August, 2014

As the public comment period for the proposed New York Department of Financial Services (NYDFS) “BitLicense” draws to a close, the bitcoin community is segregating into two broad camps. On one side are the privacy-minded, regulation-resistant types who are generally skeptical of the need for government oversight of an exchange system that was specifically designed […]

Circle CEO Jeremy Allaire says users will have access by the end of July

Posted on 3rd July, 2014

If there’s one thing Circle‘s team understands, it’s building anticipation. With a product that promises near-instant bitcoin “deposits” and “withdrawals” directly from bank accounts and credit cards, and free access to those funds anywhere in the world, Circle certainly looks like a viable contender for a mainstream appeal. When the company presented a demo version […]

Circle CTO Sean Neville clarifies his company’s business model

Posted on 21st May, 2014

Last week, much speculated-upon bitcoin startup Circle officially exited “stealth mode,” revealing for the first time what exactly the company’s business model is. As was generally expected, Circle’s plan is a variation on the concepts used by bitcoin service providers Coinbase and BitPay, facilitating payments and acting in many ways like a bitcoin bank. The […]

After months of speculation, Circle finally unveils its business model

Posted on 16th May, 2014

In October of last year, tech entrepreneur Jeremy Allaire announced he would soon be launching a new bitcoin-related project called Circle. It was hailed by insiders as one of the biggest developments in the bitcoin to date, launching with over $9 million in venture capital investment. A few months later, another $17 million in VC […]

Circle raises $17 million, announces new wallet and exchange

Posted on 26th March, 2014

Boston-based bitcoin startup Circle has always been a little vague about what exactly it is they’re building. The company’s website has rarely provided more detail than “building digital currency products that make money simpler, safer, and more powerful,” prompting no end of speculation about what kind of service Circle would eventually provide. Are they a […]