Jeremy Allaire’s Circle the Latest to Distance Itself from Facebook’s Libra

Jeremy Allaire’s Circle issued a U.S. dollar-backed stablecoin before stablecoins were cool. Now that Facebook has joined the fray with its Libra coin, which is designed to be backed by a basket of fiat currencies (and maybe other financial instruments), the spotlight on stablecoins has grown brighter. But Allaire, who is testifying in front of […] The post Jeremy Allaire’s Circle the Latest to Distance Itself from Facebook’s Libra appeared first on CCN Markets

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Jeremy Allaire: Bitcoin to Surpass $10,000 in June Because of Facebook

By CCN Markets: Circle CEO Jeremy Allaire has made a bold prediction. He believes that the price of bitcoin will surpass $10,000 by June 21, marking the beginning of what he’s dubbed “crypto summer.” He points to Facebook’s Libra launch as the catalyst for the bullish outlook. His prediction doesn’t seem far-fetched considering the price of bitcoin is marching toward $9,000. Facebook’s Libra to Boost Bitcoin Price Allaire believes that the launch of Facebook’s cryptocurrency, Libra, will prove to be a catalyst for the bitcoin price as it could bolster…

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Goldman Sachs-backed Crypto Giant Circle Seeks a US Banking License

Cryptocurrency unicorn Circle is in talks with US regulators about pursuing a federal banking license and registering as a securities exchange. Circle CEO Jeremy Allaire revealed the firm’s plans during a recent interview with Bloomberg, explaining that it hopes to become the first cryptocurrency startup to receive such licensure at the federal level. “To hold The post Goldman Sachs-backed Crypto Giant Circle Seeks a US Banking License appeared first on CCN

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