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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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Bitcoin Daily: Lender Vauld Nets $2 Million To Expand To Full Crypto Bank; SEC Freezes Assets Of Virgil Capital In Alleged Fraud In Crypto Trading Fund; Japan's SBI Holdings Claims Ripple's XRP Is Crypto, Not A Security

PYMNTS

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. In other news, the U.S.

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Bitcoin Daily: Teller Notches $1M For DeFi Credit Risk Protocol; Thailand’s Central Bank Experiments With CBDC; Crypto Trader Accused In $4.5M Fraud Case

PYMNTS

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. The bank will also start using the cryptocurrency for Hong Kong Monetary Authority transactions in September. million in cryptocurrency, CoinDesk reported.

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Bitcoin Daily: Ethereum Protocol Aave Raises $25M; BOE Head Takes Stance Against Bitcoin

PYMNTS

The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. Aave recently announced its governance model to help the community access more participation, with old Aave token LEND now able to be swapped for the new Aave token at a ratio of 100 LEND to 1 Aave.

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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

Mark Cuban is tweeting about Jill Castilla’s fintech efforts with lending system startup Teslar. . #267 on the list is Thought Machine , a company started only six years ago that recently announced signed core system deals with Chase and Arvest Bank. Fintech investing has gained near sport status. OK, me neither.

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AI-driven hedge fund rules out Bitcoin for lack of ‘fundamentals’

BankInovation

A Swedish hedge fund that returned roughly four times the industry average last year using artificial intelligence won’t touch Bitcoin, based on an assessment that the cryptocurrency doesn’t lend itself to sensible analysis.

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