BitClout, a crypto social network that allows participants to buy and sell tokens based on people’s reputations, will launch out of beta this week. It is centered around possibilities to invest in a measure of individuals’ credibility and recognition.

PayPal is reportedly planning to buy crypto custody firm Curv, at a price tag of between $200M and $500M, several news outlets reported.

Coinbase just filed its paperwork to go public through a direct listing, becoming the first cryptocurrency exchange that will list on the Nasdaq.

While gross payment volume and net revenue fell short of expectations, Square, in its fourth-quarter earnings report, said Cash App monthly users grew to 36 million in December, or 50% year-over-year.

The Federal Reserve Bank of Richmond has appointed Sunayna Tuteja, TD Ameritrade’s former head of digital assets and distributed ledger technology, as its chief innovation officer.

A week after Canada’s central bank confirmed that its plans for a central bank-backed digital currency (CBDC) have accelerated during the pandemic, government-backed digital currencies cleared hurdles in two other markets.

As consumers transact digitally en masse during the pandemic, Canada’s central bank is accelerating its central bank-backed digital currency (CBDC) efforts.

Tesla, whose CEO Elon Musk has been tweeting in support of bitcoin and dogecoin, confirmed on Monday, Feb. 8 that the company has invested $1.5B in bitcoin and will accept the cryptocurrency as a payment method in the future.

PayPal, which launched capabilities to buy, sell, and hold cryptocurrencies last October, said it’s seeing strong crypto transactional activity and plans to grow a recently-launched unit dedicated to the rollout of these offerings.

Visa this week inked a partnership with First Boulevard, a challenger bank aimed at the Black community, to allow First Boulevard to pilot Visa’s new suite of crypto APIs.

Ripple, the company behind cryptocurrency XRP, has formally responded to a Securities and Exchange Commission (SEC) lawsuit filed in December that alleged that the company conducted a $1.3B unregistered securities offering.

The New York Times reports that German-born programmer Stefan Thomas is sitting on a bitcoin fortune worth $200M, but can’t access it because he can’t remember the password to his digital wallet.

With the suspension of President Trump’s Twitter account, many users are moving to other platforms. This week, Parler, a forum popular among conservative activists, went dark after Amazon Web Services severed links with it following the Capitol riot.

In a holiday season that’s seeing Bitcoin’s value rise, a New York-based community bank is allowing customers to earn Bitcoin rewards through a traditional checking account.

Standard Chartered Ventures, the innovation unit of Standard Chartered, is partnering with asset servicer Northern Trust to launch Zodia Custody, a crypto custody business.