Circle Internet Financial Ltd., one of the most heavily-funded digital currency startups, will no longer offer customers the ability to buy and sell bitcoins. The move, disclosed by the company Wednesday, is the latest indication that the financial revolution that bitcoin’s early developers had hoped to spark isn't playing out as planned. Bitcoin remains...
Peer-to-peer payments technology firm Circle will no longer offer customers the chance to buy and sell bitcoins, though it will continue to use the blockchain technology, and employ the digital currency "behind the scenes". The move comes after a series of high-profile hacks in which hackers stole millions from cryptocurrency exchanges including Coinbase, Bitstamp, Kraken, and BTC-e. Circle is in line to complete $1bn worth of transfers in 2016, with cross-currency transfers up 300% in six months.