The peer-to-peer cryptocurrency payments firm Circle has decided to hit the pause button on its research entity, Circle Research. Founded in 2013, with an aim to replace the world’s financial systems with open cryptocurrency technologies and build an ecosystem of traders, investors, individuals, and organizations, Circle received substantial participation in its attempt to revolutionize the global economy. A wave of departures in the cryptocurrency payments firm However, lately, the firm has been experiencing what is being considered as a “rough patch.” It was in May when the CEO Jeremy Allaire announced its first significant cutback, reducing one in ten of
