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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. In contrast, the report said $38 billion in cryptocurrency left Western Europe.

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Why Regional Supermarkets Need To Change Their Strategy

PYMNTS

Toilet paper and bleach may be flying off the shelves right now, but regional grocers are fighting to stay alive. Some ideas for those have been published in a study by Bain & Company, The Future of Retail: A Survival Guide for Regional Grocers. The report surveyed more than 14,000 U.S.

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Capital One Halts BNPL Transactions On Its Cards

PYMNTS

Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. Customers who use their debit cards or checking accounts can still make BNPL payments, the CapOne spokeswoman said.

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Fee income was upside surprise at regionals, including Texas Capital

American Banker

Dallas-based Texas Capital stood out from the pack, reporting a large uptick in fee income thanks largely to its new investment banking platform. Median noninterest income at midsize banks rose 7.2% in the second quarter, exceeding expectations.

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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141
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Vietnam Startups Are Attracting Big Venture Capital Money

PYMNTS

Startup companies in Vietnam, ranging from FinTech to logistics and artificial intelligence, are attracting a record amount of venture capital money in the country, according to a report by the Financial Times. One of the companies attracting a lot of attention is FastGo, which is a competitor for ride-sharing company Grab.

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State Of Blockchain 2021 Report

CB Insights

In our State Of Blockchain 2021 Report, we dig into global investment trends to spotlight takeaways like: What drove the biggest year in blockchain funding yet — and what’s on the horizon. Which city is the crypto capital of the US. Get the Excel file with all the underlying data found in this report. And much more.