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Binance had invested $3 million in TerraUSD's sister cryptocurrency, Luna, four years ago. Its value plunged from $1.6 billion before last week's crash to less than $3,000 today.
Tech executives including Qihoo 360's Zhou Hongyi and Baidu's Robin Li are attending the meeting with Vice Premier Liu He, said people familiar with the matter.
Paytm E-commerce bought back a combined stake of 43.32% for 42 crore rupees ($5.4 million), valuing the company at just around 100 crore rupees ($10.2 million)
India's Reserve Bank tells government that cryptocurrencies could lead to a dollarisation of the economy
TerraUSD had a value of $1, with a market value of nearly $19 billion at its peak, before it plunged the whole of last week and ended at just 16 cents on Friday
e& says it seeks to gain "significant exposure to a world leader in connectivity and digital services", adds it has no intention of making an offer for the whole of Vodafone
Many global investment banks have been looking to offer clients more crypto related services, responding they say to demand from institutional investors
Some 45% of the country's people are now on 5G, but telecom firms have not been willing to invest in the fancier technology that would ramp speeds by 20 times over 4G technology
Semiconductor Manufacturing International Corporation (SMIC) announced revenue of $1.8 billion in first three months ended March 31, a 16.6% rise from the previous quarter
Wallbox began construction of the 130,000 square foot facility in April, which will go into production in the third quarter of 2022 and is expected to produce 250,000 units in 2022.
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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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