• Circle is set to acquire Poloniex.
    Alt coins,  Cryptocurrencies,  Innovators,  United States

    EXCLUSIVE: Circle set to acquire Poloniex

    Mobile pay startup nears purchase of pioneering crypto exchange

    Modern Consensus has learned that Circle, the venture-rich mobile pay startup that competes with Venmo and makes sending money almost effortless, is deep in discussions to acquire Poloniex, the American cryptocurrency exchange that made its name by listing scores of altcoins on a platform that resembles a professional trading station. At press time, Modern Consensus was unable to confirm the terms of the deal. According to one highly placed source with knowledge of the discussions, “Circle and Poloniex agreed to terms and Circle has already approached the regulators. The regulators came back with a list of KYC demands [Know Your Customer] and Circle has agreed to meet all the conditions.”…

  • Innovators,  Ripple

    The valet at the Sofitel just asked me about Ripple

    This is not the end but it is the end of the beginning

    In the stock market, there are many signs of a market top. A bull market that endures eight “distribution days” (a loss of at least 0.2 percent by a major index) while volume is increasing is a classic technical indicator that a correction is inevitable. But there are anecdotal signs as well, and those apply to any market—stocks, real estate, Beanie Babies and without a doubt, cryptocurrency. When investment stories top the evening news, be worried. But it’s also those casual acquaintances that turn toward investment conversations. The always-broke uncle who is suddenly an expert on Zcash, the taxi driver who asks about Monero, the barber who touts the next…