article thumbnail

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).

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buying into AML risks in real estate

Abrigo

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change.

El Paso 195
article thumbnail

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

PYMNTS

Same-Day Delivery : It’s targeted by Target , which is expanding its options to the tune of 60 stores across Boston, New York, Chicago and other cities. Yes, the focus may have been on tax cuts and share buybacks and credit cards. In the final mile, Target does its level best to compete with Walmart and Amazon.

New York 101
article thumbnail

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

Fintech Labs Insights

HQ: Boston, Massecheusetts. Tags: Bitcoin, blockchain, cryptocurrency. HQ: Leawood, Kansas. Latest round: $4 million Series A. Total raised: $4.1 Source: Finovate. Real-time investment strategies. Latest round: $2.7 Total raised: $2.7 Source: FT Partners. Using the blockchain for managing records. HQ: Austin, Texas. Total raised: $1.54

article thumbnail

Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

In an initial coin offering (ICO), instead of going public on an exchange or raising equity financing, companies instead issue their own cryptocurrency, avoiding the need for bankers at all. Boston Consulting Group predicts, however, that only a few investment banks will ever again be able to grow to that kind of size.

article thumbnail

Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

The Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure that would underpin digital dollar issuance. Read More On Cryptocurrency: Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3