Circle cryptocurrency startup management announced the termination of the research team with the goal revision of the line of services.
On Tuesday, on the official website, Circle representatives wrote:
Despite the fact that our offers areIn significant demand, we decided to review our business strategy. With this in mind, we suspend Circle Research until we determine the future direction of the project.
Circle's research department provided weekly and quarterly reports on the state of the cryptocurrency market, blockchain technology, and also covered the main industry news.
Recall that earlier this year, Circlelaid off 10% of its employees, citing a tough regulatory environment in the United States. Most of the cuts were concentrated around the firm's Boston office, and a small number of administrative posts were closed in New York.
According to the materials www.coindesk.com