“Why This Well-Funded Startup Just Gave Up on Bitcoin” – Fortune | $766.26

Last updated on December 8th, 2016 at 11:40 am

Now, Circle is bailing on bitcoin altogether. The company announced on Wednesday it is focusing on other things, and that its bitcoin customers can cash out or else transfer their accounts to another company, Coinbase, if they wish to keep buying and selling the cryptocurrency.

The move is not entirely surprising as the hype around bitcoin subsided long ago, and the digital currency remains a niche product for speculators or for clandestine online transactions.

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