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Report: $50B In Cryptocurrency Moved Out Of China

PYMNTS

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .

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Bitcoin Daily: Japan's SBI VC Trade Debuts Crypto Lending; Bitcoin Closes In On All-Time High

PYMNTS

million, CoinDesk reported, the first IPO to use cryptocurrency as an accepted currency. FinTech STAX, a capital-raising platform that accepts both dollars and cryptocurrency, helped WCA raise the funds. “We The platform, VC Trade Lending, will support just bitcoin initially, but has plans to add Ether and XRP support.

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Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets

Perficient

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

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Hive Project Taps Into Cryptocurrency For Invoice Finance

PYMNTS

The Hive Project, a company that uses cryptocurrency and Ethereum blockchain for trade financing , has launched its platform. The company announced Friday (June 30) that its portal is up and running to link SMEs to trade financing by turning unpaid invoices into tradable assets. The sale will last six weeks, it said.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

Cryptocurrency and non-fungible tokens (NFTs) - what are they and why should you care? With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises.

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Alternative Underwriting Is Helping New Lenders Reach First-time Borrowers

Bank Innovation

New entrants in the lending field are using alternative means -- cryptocurrency-backed loans to "social credit," a measure of the strength of your social connections -- to offer credit to the underbanked.

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Bitcoin Daily: Philippines Central Bank Eyes Issuing Cryptocurrency; Security Firm Ledger Details Data Breach; TradeStation To Launch Crypto Lending Service

PYMNTS

He added that while cryptocurrency is important, the blockchain technology behind it is equally so. “Cryptocurrency for us has always been beyond the asset itself but more on the blockchain technology that underpins it,” he said, according to Bloomberg. Meanwhile, TradeStation , the U.S.