In the beginning of 2021, Dogecoin was worth far less than a penny. Right now it sits around a comfortable $0.28. Not too bad for a token named after a dog meme. The coin has gone as high as $.74, but that was because of social media hype generated by Elon Musk among others, and the price quickly diminished. Many financial experts and investors who have made massive fortunes trading stocks, options, and futures in the past have denounced cryptocurrency as a whole many times. In May of 2021, Andrew Bailey, the Bank of England Governor, warned that people who invest money in Crypto risk losing it all. Since then,…
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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.”…
