Circle

An IRS summons compelling Circle to provide data on customers who made significant cryptocurrency transactions has been authorized.

The exchange is working to compensate those who lost 1,800 BTC when a flash crash led to failure in its automated liquidation system.

In a Senate hearing this morning, lawmakers wrestled with the distinguishing features of Bitcoin and the need for clear crypto regulations.

By relocating its cryptocurrency exchange business to Bermuda, Circle can escape regulatory uncertainty in the U.S.

The Grant Thornton write-up states that the “examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.”

Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors.

This expansion will add to its offerings in 46 states of the United States, something that required “quite a bit of work,” according to CEO Zac Prince.

Coinbase is integrating its first stablecoin, joining other top exchanges in what has become a listing race to add Tether’s rising competitors.

Coinbase – one of the largest digital currency exchanges in the U.S. – is nixing its index fund designed for accredited investors and shifting its focus to a new retail product.

If approved by regulators, the move could allow Circle to help match investors with fledgling companies trying to raise money via initial coin offerings.