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Latest: Fintech News

Micron, AMD Chip Demand Warning Sparks Stocks Crash
Micron, AMD Chip Demand Warning Sparks Stocks Crash

Chip stocks were hammered after Micron signalled falling demand and AMD flagged a slowdown in PC sales this year

TikTok Reassures US Lawmakers Over Data Safeguards
TikTok Reassures US Lawmakers Over Data Safeguards

TikTok has contacted senators over long-held fears that US user data could be passed on to China's communist government

China Regulator Cracks Down on Online Investment Fraud
China Regulator Cracks Down on Online Investment Fraud

CAC said it had amassed a fraud database of 3.8 million websites and 500,000 apps. It did not specify if any are still operating or elaborate on any penalties issued

Crypto Hedge Fund Three Arrows Lashed by Singapore Regulator
Crypto Crash Victim Celsius Seeks Restructuring
China’s Big Tech Groups Pledge to Help Ban NFT Trading
China Regulator Issues Rules on Sending Personal Data Abroad
US FCC Member Calls on Apple, Google to Dump TikTok App
China Hiring Uni Students for Industrial Espionage – FT
China’s SenseTime Shares Plunge 51% as Lock-up Expires

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Fintech: The Big Picture

China Becomes World’s Second-Biggest Bitcoin Mining Hub

The 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.