TFU | July 2-8

Square withdrew its ILC application to the FDIC; SIX is building an end-to-end DLT platform to manage trading and settlement; the FCA welcomed new firms into its regulatory sandbox; PayPal completed the multi-billion dollar sale of its consumer credit portfolio; and the EBA published new fintech reports.

TFU | June 18-24

The NYDFS granted a BitLicense to Square; Zelle is predicted to surpass Venmo in terms of users by the end of the year; a U.S. House subcommittee held a hearing on the use of digital currencies for illicit purposes; BitFlyer is suspending new business in Japan after negative findings from the FSA; and PayPal made two large acquisitions to improve its business payments and fraud protection services.

TFU | June 11-17

SEC reaffirms Ethereum is not a security; House committee calls for study on crypto use in illicit activities; Singapore is developing a code of ethics for AI; Bitcoin price fell sharply after South Korean crypto exchange hack; Wells Fargo limited cryptocurrency purchases on credit cards; a study found rampant price manipulation in crypto markets; and Apple banned cryptocurrency mining on iPhones.

TFU | May 21-27

The DOJ is investigating crypto price manipulation; U.S. and Canadian regulators are investigating nearly 70 ICOs; BOX and T0 are working on an SEC-compliant, blockchain-based securities exchange; SoFi plans to expand into crypto investing by 2019; and 2018 VC funding for blockchain firms has already surpassed 2017 totals.

TFU | May 14-20

The CFPB restructured Project Catalyst; Coinbase is making moves; PayPal is buying iZettle for $2.2B; the WSJ found hundreds of fraudulent cryptocurrency offerings; California is considering a new data protection bill; and Circle gained unicorn status after raising $110M in new funding.

TFU | May 7-13

The NYSE’s parent is developing a Bitcoin trading platform; Bloomberg created a cryoto index; Apple and Goldman announced a new credit card; Australia adoted Open Banking rules; the IOSCO created a “Fintech Network”; and Robinhood raised $363M.