Latest: Fintech News
The Toyota-backed $5.3 billion firm’s founder admits there’s a way to go before the public are convinced about driverless travel but when they are, he wants to have manoeuvred Pony.ai to the front of the grid
The issue with Bitcoin mining As the world is becoming increasingly aware, Bitcoin is struggling with an energy efficiency crisis....
Chinese mines powered nearly 80% of the global trade in cryptocurrencies – and that’s despite a domestic trading ban for the last four years – but now with almost all the crypto operations shutdown by a hardline central government, the mines are on the move
Canada’s biggest digital asset investment fund manager, 31Q Corporation, gets a dual listing for its crypto fund (AF) While financial...
Binance – one of the world’s two biggest digital money exchanges, along with Coinbase in the US – rejected claims...
Digicoin’s summer of misery continues as China extends ban on mining and green backlash intesnifies (AF) Bitcoin’s winter boom...
President Joe Biden has also withdrawn Trump-era executive orders that looked to ban new downloads of the Tencent-owned apps and ordered a review of alleged security concerns posed by them
Crypto traders say Beijing’s closure orders have forced mine owners to dump their currency onto an oversensitive market depressing prices
Bitcoin miners in Sichuan faced a Sunday June 20 deadline to close, with a crackdown now covering greener electricity sources ...
Beijing wants restraint from the online tutoring sector, which boomed during the pandemic. President Xi says teachers must teach basic studies in school to cut homework and study hours
In This Section
AF Fintech Insights
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
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China-US Economic TiesNvidia Will Rent AI Computing Power to China – Yicai Global -
China-US Economic TiesChinese AI Firms Using Cloud to Dodge US Sanctions – FT
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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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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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