Latest: Fintech News
The move by the Tencent-owned site is in reaction to a government edict that bans speculation in NFTs and other digital assets, the Hong Kong paper said
Prosecutors in South Korea have imposed a travel embargo on the TerraUSD developers to stop them leaving the country while inquiries are conducted into the huge crypto collapse last month
Tencent told staff it will set up a subsidiary tasked with building an extended reality business as the race to compete against Mark Zuckerberg's Meta heats up.
The use of high-yield leveraged products worsened the rout in the $247 billion decentralised finance industry over the weekend, Binance chief Changpeng Zhao said
The crypto lender said it carried out an emergency assessment of its business operations to determine the company's liquidity status.
The tax will be levied on the difference between the cost of the acquisition of the asset and the transfer price to the employee, the report said
The crypto sector was fearful on Monday as investors worried that contagion from problems linked to several large crypto players may lead to a major shakeout if not contained.
CBDCs such as China's digital yuan (e-CNY) are centralised by design and don't need a decentralised ledger, such as in the case of bitcoin
The biggest cryptocurrency is down about 32% over the past month and almost 60% this year
The chief executive of JD.com's retail business, Xin Lijun, says regulation of China's tech sector is not loosening but becoming more "stable" and "rational," according to CNBC
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Fintech: The Big Picture
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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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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