Poloniex Was Bought by the Bitcoin Start-Up Circle for $400 Million 267

Poloniex Was Bought by the Bitcoin Start-Up Circle for $400 Million

A Boston company Circle can become a serious competitor to such giants as Coinbase, Bittrex and Kraken. According to Fortune, Circle has absorbed one of the largest exchanges in North America (Poloniex) for about $ 400 million.

Circle exists since 2013, and in 2016 it was worth $480 million. Its biggest investors are Goldman Sachs, Baidu and venture capitalist Jim Breyer. By the way, the latter has invested over 9 million US dollars in Bitcoin-platforms in 2013.

Prior to the takeover of Circle, Poloniex independently dealt with almost 70 types of cryptocurrency pairs, which made it necessary to withdraw exchange funds to fiat, which Circle Trade helped with.

Apparently, the decision to sell the company was confirmed after Poloniex faced a number of problems because of the large increase in new users. The number of customer complaints about problems with withdrawal of funds, account blocking and poor support services increased.

Subscribe to The Coin Shark news in Telegram: https://t.me/thecoinshark

 

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

%d bloggers like this: