Latest: Fintech News
Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage
No decision has been made on where Arm might list. But Masayoshi Son is undaunted by the hit SoftBank has taken due to tech crackdowns in China, the war on Ukraine and rising rates.
Moody's placed its ratings on review for further downgrades, saying Thursday's move "reflects Coinbase’s substantially weaker revenue and cashflow generation"
Setu, which enables users to securely share their financial data with banks and other financial institutions, is Pine Labs' third acquisition this year
Coinflex chief executive Mark Lamb blamed "extreme market conditions" for the move. The Seychelles-based company said it was prompted by "continued uncertainty involving a counterparty"
Online and offline retailers are stuck with piles of unsold stock as cautious consumers stay away from the commercial hub's glitzy shopping districts
Chinese tech shares in Hong Kong rose after President Xi Jinping chaired a meeting that backed support for fintech firms. Alibaba jumped 6.4%, and Chinese automakers also shone.
Toshiba shares rose 5.3% in Tokyo early on Thursday, outperforming a 0.8% rise in the benchmark Nikkei average
China tech firms listed in Hong Kong rose as much as 2% on state support for the fintech industry before shedding gains
Tether briefly dropped to $0.993 although it quickly regained parity with the dollar. But investors continue to pull money out of stablecoins and several have lost their pegs to underlying assets.
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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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