Skip to main content

Circle Discontinues Selling Bitcoin - Former Customers Outraged

Top Global Bitcoin Supplier Shuts Down

Demand expected to increase as a result

Without warning, top bitcoin supplier Circle discontinued selling bitcoin through both their mobile application and their website. The only indication given as to the possible reason for this action is the notice posted for all would-be buyers which reads, "Continue to buy and sell bitcoin with our preferred partner, Coinbase."

Many sources speculate that this message indicates a deal has been made between Coinbase and Circle or that Circle has been bought out by Coinbase, however no full explanation has yet been given. Digging through the help desk of Circle only reveals the following message:

"Note: You can no longer buy and sell bitcoin through us."
Considering Coinbase's long history of questionable conduct and unexplained account terminations many former Circle customers are outraged at the newly established Coinbase monopoly over the American bitcoin "buy-with-credit-card" market. 

To further compound matters surrounding Circle, complications surrounding the buying of bitcoin in America from the recent IRS crackdown on Coinbase users is likely to drive the demand (and price) of bitcoin upward. 

Get the latest updates on this and other top cryptocurrency news stories from ResoNova Financial Partners by following the Live news channel on Telegram!

Popular posts from this blog

Bitcoin Price Likely to Hit $3,500 This Year, Says Major Bitcoin Exchange Executive

Sandeep Goenka, the co-founder of Zebpay, one of India’s largest and leading bitcoin exchanges, believes that bitcoin price can reach $3,500 by the end of 2017.

from News
via ResoNova

Price Analysis, August 3: Bitcoin, Ethereum, Litecoin

Check the price analysis for Bitcoin, Ethereum and Litecoin

from News
via ResoNova

State Bank of Mauritius Embraces Blockchain Assets As Collateral

Blockchain technology assets being embraced by the State Bank of Mauritius as a way to collateralize loans.

from News
via ResoNova