This Week in Crypto

PayPal withdraws from the Libra Association, Coinbase Pro increases trading fees, and Apple CEO Tim Cook argues issuing money is for governments and not for private firms.

U.S. lawmakers ask the Federal Reserve to consider creating a digital dollar, IKEA settles an invoice on Ethereum, and MakerDAO patches a critical bug.

Coinbase will start paying users 1.25% on USDC holdings, six Japan brokerages formed an STO association, and Parity Technologies released Parity Signer v3.0.

A vulnerability has been found in the ENS short-name auction, Binance and Polychain invest In Founders Bank, and Nebulous reaches a $225K SEC settlement.

Block.One is due to pay $24 million in an SEC settlement, over $3 million worth of FSN tokens have been hacked, and Ethereum’s istanbul upgrade arrived early.

Ethereum’s Istanbul upgrade breaks smart contracts on Aragon, Ripple acquires Algrim, and BK Global falls short of paying up for it’s $333 million acquisition of Bithumb.

The NBA disallows tokenization of contracts, Harbor receives a broker-dealer license, and LedgerX claims unfair treatment by ex-CFTC Chair Giancarlo.

The Iranean government is cracking down on mining operations, Core Scientific acquired Honeyminer, and a lighting network vulnerability that allowed attackers to drain users’ funds has been patched.

Bittrex adopts chainalysis tracking software, a new malware is stealing browser data, and Binance helps UK police find a cybercriminal involved in phishing attacks.

Block.One opens a new office near Washington D.C., bitFlyer Europe and USA lists new altcoins, and Emsisoft has released a bug fix for the WannaCryFake bitcoin ransomware.

Kik messenger is shutting down, CoinShares urges customers to lobby against the UK’s FCA regulations, and the head of Japan’s central bank is calling for international cooperation in regulating stablecoins.

Facebook reveals the Libra basket breakdown, Binance US opens trading, and Matter Labs raises $2 million to research Zero-Knowledge Proofs for scaling ethereum.

Bakkt physically settled bitcoin futures are now live, Facebook acquires a chatbox startup, and a formal verification of bitcoin’s lightning network suggest the network is stable.

Wells Fargo pilots a stablecoin for internal settlement, Upbit delists 6 privacy coins, and CipherTrace develops a tracker for tracking illicit tokens.

OKEX & UpBit delist privacy coins, JPMorgan, Bank of America, and Wells Fargo pilot blockchain initiatives, and Loom Network is bringing DeFi to the Tron and Binance chains.