Circle, one of the two companies that created the USDC stablecoin, will be going public on the New York Stock Exchange in Q4 2021.
Since leaving the US, Poloniex is seeking to make inroads in other countries. The first is Russia, rolling out a partially-localized version of its platform.
Circle will start charging fees to Poloniex US users who don’t withdraw their assets from its platform, after it sold the exchange recently.
The SEC has received confirmation that Telegram had been in contact with at least one crypto exchange in an effort to have Gram listed by the exchange.
Poloniex will get $100 million to further expand its business, but American BSV customers will have to move on.
Circle's transition to Bermuda was made possible by the issuance of a Digital Assets Business Act (DABA) license issued to Poloniex from that country.
Jack Liu sees the opportunities offered by Bitcoin SV today as the third and final chance to realise the potential he’s always seen for cryptocurrency.
The firm has announced that it needs to reduce expenses and one of the easiest ways to make this happen is to cut personnel.