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Volumes jumped more than 67% in the quarter with retail trading accounting for 32% of volumes and crypto assets contributing 68% of total trading
Before the deal, financial terms of which were not disclosed, Defend was owned by CEO Nigel Everett and cyber chief Wenzel Huettner
Alibaba Group reported its slowest-ever increase in quarterly revenue since going public in 2014, as tepid growth in its core e-commerce business and intensifying competition ate into sales
Taiwan’s UMC will invest $5 billion on a new microchip factory in Singapore, with production expected to start in 2024 to support the boom in 5G and auto electronics, it said on Thursday
Chinese tech giant said its total emissions were equivalent to 5.11 million tonnes of CO2 in 2021. It wants its operations and supply chain to be carbon neutral by the end of the decade
Singapore has raised concerns with India about its ban on gaming app 'Free Fire', owned by tech group Sea Ltd, which saw the market value of the US-listed firm drop by $16 billion in a single day
Only 3% of private equity firms with more than $15 billion of assets under management have invested in cryptocurrency, according to an E&Y survey
A central bank digital currency would be introduced in fiscal 2023, but Patra said India will proceed very gradually over several potential issues
The shift to working from home in the pandemic has created a boom for the biggest maker of personal computers, which said third quarter profit was up by 62% to an all-time high of $640 million
Meta Platforms is its largest holding at 6.38%, while Roblox, Nvidia and Unity as well as Apple, Snap, Sony and Tencent are among constituents
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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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