Circle Leaps Into Exchange Business With Poloniex Acquisition

Circle, a mobile payment app company backed by Goldman Sachs, has announced it is buying U.S.-regulated cryptocurrency exchange Poloniex Inc. a move that will transform Boston-based Circle into one of the biggest players in the industry.According to Fortune Magazine, Circle paid $400 million for the exchange, which handles a trading volume of around $1.5 million per day. Up till now, Circle had three main products Circle Pay, a mobile app that allows users to hold, send, and receive traditio

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World Economic Forum Bitcoin Discussions Validate the Movement

The World Economic Forum WEF has long been a lightning rod of global discussion on economic, social and political trends. This years gathering in Davos, Switzerland, was no exception.Blockchain technology emerged center stage last week as a key discussion theme, receiving praise from attendees for its cutting-edge potential. Bitcoin and the future of cryptocurrencies, too, were highly discussed topics at the forum, not just casually but also in an official session and a few panel discussions.
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