In this news:
STORY: From anger in France... To a DoJ investigation into Coinbase.
This is Crypto Weekly.
:: Crypto Weekly
:: Fear and anger in France
French crypto bosses have reacted with fear and anger after a series of violent kidnappings.
Some have stepped up security, while others are calling for a tougher crackdown.
As well as deregulation to keep the crypto paper trail more anonymous.
In the latest incident on May 13, a masked gang tried to abduct the daughter of Pierre Noizat, the CEO of the French crypto firm Paymium.
The recent attacks have led some crypto execs to take extra security measures.
Alexandre Aimonino is cofounder of cryptocurrency compliance firm Seqlense.
"I don't go to certain crypto meetings anymore where I had the habit to go before. I try to park as close as possible to the destination when I have to go somewhere; that's this kind of security measure. When I go home, I never take the same road or the same path. Just to avoid being followed by anyone.
:: Hong Kong's stablecoin bill
Hong Kong has passed a stablecoin bill that establishes a licensing regime for fiat-referenced stablecoin issuers in the city.
Any person who issues stablecoins in Hong Kong - or issues stablecoins backed by Hong Kong dollars, whether within or outside the city - must obtain a license.
Hong Kong has been stepping up efforts to enhance the city's competitiveness as a global digital asset hub.
Stablecoins are a type of cryptocurrency designed to maintain a constant value, usually pegged to a currency.
And are commonly used by crypto traders to move funds between tokens.
:: Bitcoin's recovery
The price of Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January.
On Thursday it rose for the fifth-straight session reaching $111,862.
The world's most valuable cryptocurrency is recovering from the tariff-induced selloff last month.
:: Coinbase cyberattack
The U.S. Department of Justice has opened a probe into a recent breach at the world's largest cryptocurrency exchange Coinbase Global.
The company said it expects a hit of up to $400 million from the cyberattack.
Last week it said it received an email from an unknown threat actor on May 11.
They claimed to have information about certain customer accounts as well as internal documents.
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