Latest: Fintech News
Ravi Menon, managing director of the Monetary Authority of Singapore, pushed back at reports that regulators missed the failings of crypto hedge fund Three Arrows Capital
Officials say penalty will mark end of year-long probe into group's operations, cybersecurity practices and handling of personal data. Didi would then be able to list in Hong Kong, report says.
Plans for SoftBank to hold an IPO in London for Arm, the British computer chip and software design group, have been put on hold because of the collapse of Boris Johnson's government
Tech experts say China will be dependent on foreign suppliers for years, so carmakers, who face a boom in demand and long supply delays, sometimes have to pay a premium to chip brokers
Sitharaman said because cryptocurrencies are borderless, any legislation to regulate or ban such assets will only be possible through global collaboration.
Trimmed version of Congress bill is expected to include $52 billion in subsidies for the industry and tax credits for firms that make semiconductors in the US
TikTok is likely harvesting the data from troops to understand US army strategy and the locations of military barracks, said the Federal Communications Commission.
A report by the Wall Street Journal, citing sources familiar with the matter, said that Shanghai authorities had summoned executives from Alibaba's cloud division in relation to the data breach.
TSMC, a key Apple supplier and the world's largest contract chipmaker, said profit soared by 76% in the April-June period, to T$237 billion ($7.9 billion)
Taiwan is weighing a fine of up to T$25 million ($835,600) on Foxconn for funding struggling Chinese chip conglomerate Tsinghua Unigroup without government approval
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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