The department behind the company stablecoins
stablecoins
Unlike other cryptocurrencies such as Bitcoin and Ethereum, stablecoins are cryptocurrencies that are designed to maintain a stable value. Focusing more on stability rather than volatility can be a huge draw for some investors. Many individuals can be turned away from the large volatility and uncertainty that cryptocurrencies present relative to other traditional assets, and stablecoins control this volatility by pegging them to another cryptocurrency, fiat money, or exchange-traded commodities, including
Unlike other cryptocurrencies such as Bitcoin and Ethereum, stablecoins are cryptocurrencies that are designed to maintain a stable value. Focusing more on stability rather than volatility can be a huge draw for some investors. Many individuals can be turned away from the large volatility and uncertainty that cryptocurrencies present relative to other traditional assets, and stablecoins control this volatility by pegging them to another cryptocurrency, fiat money, or exchange-traded commodities, including
Read this term USD Coin (USDC) announced that it will cut staff and reduce investments in non-core businesses. At the same time, the company is said to be identifying new investment opportunities and hiring staff for the core business.
Circle joins a growing list of cryptocurrency companies that have recently cut staff to cut expenses and boost their balance sheets. Coinbase, Kraken, Gemini, and Bybit are some of the companies that have announced similar moves.
Jeremy Fox-Gen, Chief Financial Officer of Circle, told Wall Street Journal Early this year the company plans to increase its workforce by up to 25%. At the end of last year, Circle had nearly 900 employees, the media release said.
“We’re growing and investing, and we’re fortunate to be in a financial position to continue with our investments,” Fox Jane told the Wall Street Journal. “We’ve cautiously slowed growth and focused on what matters most.”
Focus on global expansion
The circle is focused on expanding its presence globally, especially in Asia. The company announced in June that it had obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license was issued to the company’s Singapore-based subsidiary, Circle Internet Singapore Pte. Ltd. (Circle Singapore), reported Finance Magnates.
With the new license, Circle is allowed to offer digital payment services, cross-border payments, and domestic money transfers. Commenting on the approval, Jeremy Allaire, Co-Founder and CEO of Circle, said Singapore is important to the company’s global expansion.
Finance Magnates reported in June that Binance’s US subsidiary, Binance.US, had laid off dozens of its legal staff, compliance
compliance
Compliance in finance, banking, investment and insurance refers to following the rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Finance compliance will also be a case of following applicable guidelines or specifications. This designation can also include efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding Compliance Compliance is a
Compliance in finance, banking, investment and insurance refers to following the rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Finance compliance will also be a case of following applicable guidelines or specifications. This designation can also include efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding Compliance Compliance is a
Read this termand risk managements. Furthermore, global cryptocurrency platform Binance has reportedly laid off 20% of its 8,000 employees.
The trend of job cuts in the digital asset space is on the rise, exacerbated in part by the regulatory challenges faced by some of the major exchanges. For example, Binance and Coinbase are facing charges brought against them by the Securities and Exchange Commission (SEC).
The department behind the company stablecoins
stablecoins
Unlike other cryptocurrencies such as Bitcoin and Ethereum, stablecoins are cryptocurrencies that are designed to maintain a stable value. Focusing more on stability rather than volatility can be a huge draw for some investors. Many individuals can be turned away from the large volatility and uncertainty that cryptocurrencies present relative to other traditional assets, and stablecoins control this volatility by pegging them to another cryptocurrency, fiat money, or exchange-traded commodities, including
Unlike other cryptocurrencies such as Bitcoin and Ethereum, stablecoins are cryptocurrencies that are designed to maintain a stable value. Focusing more on stability rather than volatility can be a huge draw for some investors. Many individuals can be turned away from the large volatility and uncertainty that cryptocurrencies present relative to other traditional assets, and stablecoins control this volatility by pegging them to another cryptocurrency, fiat money, or exchange-traded commodities, including
Read this term USD Coin (USDC) announced that it will cut staff and reduce investments in non-core businesses. At the same time, the company is said to be identifying new investment opportunities and hiring staff for the core business.
Circle joins a growing list of cryptocurrency companies that have recently cut staff to cut expenses and boost their balance sheets. Coinbase, Kraken, Gemini, and Bybit are some of the companies that have announced similar moves.
Jeremy Fox-Gen, Chief Financial Officer of Circle, told Wall Street Journal Early this year the company plans to increase its workforce by up to 25%. At the end of last year, Circle had nearly 900 employees, the media release said.
“We’re growing and investing, and we’re fortunate to be in a financial position to continue with our investments,” Fox Jane told the Wall Street Journal. “We’ve cautiously slowed growth and focused on what matters most.”
Focus on global expansion
The circle is focused on expanding its presence globally, especially in Asia. The company announced in June that it had obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license was issued to the company’s Singapore-based subsidiary, Circle Internet Singapore Pte. Ltd. (Circle Singapore), reported Finance Magnates.
With the new license, Circle is allowed to offer digital payment services, cross-border payments, and domestic money transfers. Commenting on the approval, Jeremy Allaire, Co-Founder and CEO of Circle, said Singapore is important to the company’s global expansion.
Finance Magnates reported in June that Binance’s US subsidiary, Binance.US, had laid off dozens of its legal staff, compliance
compliance
Compliance in finance, banking, investment and insurance refers to following the rules or orders set by a government regulatory authority, either to provide a service or to process a transaction. Finance compliance will also be a case of following applicable guidelines or specifications. This designation can also include efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding Compliance Compliance is a
Compliance in finance, banking, investment and insurance refers to following the rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Finance compliance will also be a case of following applicable guidelines or specifications. This designation can also include efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding Compliance Compliance is a
Read this termand risk managements. Furthermore, global cryptocurrency platform Binance has reportedly laid off 20% of its 8,000 employees.
The trend of job cuts in the digital asset space is on the rise, exacerbated in part by regulatory challenges faced by some major exchanges. For example, Binance and Coinbase are facing charges brought by the Securities and Exchange Commission (SEC) against them.
