Bitcoin Payment Processor BitPay Launches Stablecoin Settlement [Tether’s Not Invited]

bitpayBitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrency while remaining immune from market volatility. The Atlanta-based BitPay made the announcement on Monday, explaining that it will allow merchants in

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AARP Tells Retirees that Bitcoin is Mainly Used by ‘Bunch of Criminals’

aarp bitcoinThe American Association of Retired Persons (AARP) has ascribed a bizarre definition to bitcoin in a caustically worded article on its website published on Wednesday, Oct. 10. In the slideshow post titled “Improve Your Financial Literacy With This Glossary,” a heavy dose of contempt is specifically reserved for the description of bitcoin and blockchain in

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Cryptocurrency Tech Will Make Web Look like ‘Cute Experiment’: Circle CEO

Circle CEO Jeremy AllaireBlockchain unicorn Circle has made a series of strategic moves that all have one theme: to become a dominant force in the world of cryptocurrency. The startup is backed by some of the most influential companies in the sector, and the CEO believes that tokenization is truly the future. Boston-based Circle is not interested in

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The Young and the Restless: Millennial Males Dominant Among Crypto Investors in the US

Bitcoin MillennialAge and gender seem to be crucial factors when it comes to purchasing cryptocurrencies in the world’s largest economy. According to a survey conducted by cryptocurrency startup Circle, the interest of millennial men in investing in crypto is higher than that of millennial women with 18% of the former planning on investing in crypto in

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Cryptocurrency Exchange Poloniex to Yank Margin Trading, Lending for U.S. Customers

Poloniex, the exchange Circle has been working to revive since acquiring it in February, announced in a blog that it will eliminate its margin and lending products for U.S. customers by year’s end and delist three altcoins. The company noted it is removing the margin and lending products in the U.S. to ensure the exchange

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Crypto Unicorn Circle to Acquire Equity Crowdfunding Platform, ‘Tokenize Everything’

One of the world’s most valuable cryptocurrency companies has acquired a crowdfunding platform as it seeks to fulfill its goal of overseeing the “tokenization of everything.” Goldman-Backed Circle Acquires Crowdfunding Startup Circle Internet Financial, a cryptocurrency unicorn with a $3 billion valuation, has inked a deal to acquire SeedInvest, an equity crowdfunding startup that helps

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New Crop of ‘Regulated’ Stablecoins are Trading at a Premium to Tether

The next wave of USD-backed stablecoins have begun to make their way onto high-volume cryptocurrency exchanges, and early indications suggest that traders may trust them more than tether (USDT). New USD-Backed Cryptocurrencies Vie for Tether’s Crown As CCN reported, cryptocurrency firms Gemini, Paxos, and Circle have all in recent weeks launched asset-backed “stablecoins,” cryptocurrency tokens

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Newsflash: Bitcoin Unicorn Circle Launches USD-Pegged Cryptocurrency

Circle, the $3 billion bitcoin startup backed by investment banking giant Goldman Sachs, has created a cryptocurrency “stablecoin” whose value is pegged to the U.S. dollar and backed by physical currency stored in company-owned bank accounts. Announced on Tuesday, the new cryptocurrency — USD Coin (USDC) — will allow individuals and institutions to tokenize physical

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Circle’s Poloniex Sees 190% Jump in Crypto Trading Volumes, Overtakes Bittrex

Poloniex, one of the oldest crypto exchanges in the global market, has become a major digital asset trading platform once again after years of stagnation. Until 2015, Poloniex was one of the largest crypto exchanges alongside Coinbase. It was the go-to exchange for traders investing in smaller trading pairs like tokens and alternative cryptocurrencies. But,

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Bitcoin Industry Launches D.C. Lobbying Group to Promote Crypto

Over the last few weeks, there has been a decline in the price of bitcoin compared to the previous year’s meteoric heights. This has not stopped industry officials from launching a charm offensive targeting federal lawmakers and regulators, per a Washington Post report. Several high-profile cryptocurrency companies and tech veterans in the nation are forming an

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