Even as evidence grows as to the unreliability of cryptocurrencies, legitimate players are consolidating their positions in the industry.
Goldman Sachs-backed Circle, a cryptocurrency platform has acquired crowdfunding platform SeedInvest.
SeedInvest is reported to be the largest crowdfunding site in the US, with over 200,000 investors and “triple digit annual growth.”
Circle became the first to introduce the USDC, a cryptocurrency pegged to the U.S. dollar. It also facilitates crypto trading and payments, aiming to be securities regulation compliant.