Goldman sachs backed Circle just bought Poloniex
what does this mean for bitcoin ?
what does this mean for bitcoin ?
How much have they paid for it?
"On Monday Circle will announce, as Fortune can confirm for the first time, that it has bought Poloniex, one of the world’s most active cryptocurrency exchanges. A person familiar with the terms of the deal who was not authorized to speak about it tells Fortune that the price tag comes in around $400 million."
http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/
Then I think it is somewhat bullish... but not terribly bullish as it had been the case if they would have paid over 1Billion.
Also I assume that price tag doesn't include any "crypto assets" they would have accumulated over time and only the "core business".