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US CFTC Takes Civil Enforcement Action Against $11M Crypto Scam Circle Society

The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against the Nevada-based corporation Circle Society and its owner, David Gilbert Saffron of Las Vegas, for Ponzi-like cryptocurrency scam and registration violations relating to an $11 million cryptocurrency fraud operation.The CFTC filed a civil enforcement action on Monday, September 30,

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Circle Looks to Raise $100M for Its Equity Platform SeedInvest

Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest.According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be responsible for raising and managing the fund in partnership with SeedInvest's senior leadership

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People Who Want to Control Their Capital Buy Bitcoin, Says Circle CEO

Jeremy Allaire, CEO at cryptocurrency financial services company Circle, expressed his optimism in regards to Bitcoin (BTC) being a safe haven for investors despite recent market volatility.On Aug. 19, Allaire voiced his sentiment during the CNBC’s Squawk Box. He explained: "Clearly, a non-sovereign digital asset like bitcoin is attractive to

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Bitcoin Surge Proves It’s a Haven from Stock Market Turmoil: Circle CEO

The bitcoin price is surging because investors are embracing it as a "safe haven" amid the US-China trade war, says Circle CEO Jeremy Allaire. | Source: REUTERS/Kai Pfaffenbach (i), Shutterstock (ii). Image Edited by CCN.The bitcoin price is surging because investors are increasingly flocking to it as a "safe

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Circle OTC Trading Branch Head Daniel Matuszewski Resigns

Daniel Matuszewski, head of over-the-counter (OTC) trading at the money transfer and BitLicensed crypto trading company Circle, has resigned.The Block reported news of Matuszewski’s departure on August 2. He apparently said that he was resigning to pursue a “brand new entrepreneurial opportunity in crypto.”According to the report, an anonymous

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Circle CEO to Testify Before Senate on Blockchain and Digital Assets

Circle co-founder and CEO Jeremy Allaire is scheduled to testify before congress tomorrow as a representative of The Blockchain Association — a business organization comprised of blockchain industry advocates. Allaire will testify before the Senate Committee on Banking, Housing and Urban Affairs in an open session hearing called “Examining Regulatory

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Circle Expands to Bermuda, Praises Pro-Crypto Island Government

Circle announced today that it will be expanding its regulated services to Bermuda, using its new position in the island nation to service its global audience. Circle cited Bermuda’s pro-crypto regulatory environment as a primary motivation for expanding to the island nation. According to the announcement:“While many governments around the

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