Tether Accidentally Minted $5 Billion of Its Stablecoins, Then Deleted Them
Stablecoin issuer Tether accidentally created $5 billion-worth of its USDT stablecoin at the weekend, before promptly destroying them again.
Sean Neville, co-founder of Circle, is stepping down as co-CEO six years after founding the crypto trading and payments startup with Jeremy Allaire.
Less than two years after paying $400 million to acquire Poloniex, Circle is spinning out the crypto exchange to an Asian investor group.
The new KYC requirements come a week after Poloniex completed its U.S. exit.
Poloniex allowed margin trading on the coin until a flash crash wiped out 1,800 bitcoins worth $13.5 million at the time
Circle is moving the majority of its Poloniex exchange operations offshore, citing a "lack of regulatory frameworks" in the U.S.