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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

PYMNTS

In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. Report: $50B in Cryptocurrency Moved Out of China. Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery. The Main Street Rescue That Wasn’t (And Still Isn’t).

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Amid The Losses, Taking Stock Of The Crypto Crash

PYMNTS

To date as a group, the losses have mounted for all the cryptocurrencies out there – the ones that came to market and were snapped up and bought by speculators, and then sold. In this space just last month, we noted findings from Boston College that showed that 4,000 ICOs had raised $12 billion. Past is prologue, as the saying goes.

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Amazon Sizzles, Plenti Fizzles And Goldman Gets Its Consumer Banking Groove

PYMNTS

It used to be that when “Goldman Sachs” was mentioned, it was in the context of the storied Wall Street investment banking firm trading and underwriting securities, advising on mergers and acquisitions, taking companies public and brokering deals. Yes, the focus may have been on tax cuts and share buybacks and credit cards.

New York 101
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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Secure messaging for financial services. HQ: Boston, Massecheusetts. Tags: Enterprise, IDology (investor), security, risk management, payments, Finovate alum. HQ: Atlanta, Georgia. Latest round: $135 million at $1 billion valuation. Total raised: $600 million. Source: Finovate. HQ: Palo Alto, California. Source: Finovate.

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

MEMX was founded by 9 financial services institutions including Bank of America Merrill Lynch, Charles Schwab , and Citadel Securities with the goal of simplifying equity trading. Equity research — reports on companies, securities, and markets for investment banking clients — is an industry that has been in decline for the last decade.