Latest: Fintech News
The largest NFT marketplace, OpenSea, saw monthly sales volume drop to $700 million in June, down from $2.6 billion in May
The amount is "nearly 170% of the total raised in the first half of this year by all China-focused private equity and venture capital groups," the FT reported.
The Act aims to subsidize the production of semiconductors in the US but the legislation has been hanging as politicians debate why a well-funded sector needs government aid
Hacker offering to sell the more than 23 terabytes of data for 10 bitcoin, equivalent to about $200,000.
Instability in the crypto sector has led to Singapore-based Vauld halting withdrawals and searching for new financial backing.
Chip stocks were hammered after Micron signalled falling demand and AMD flagged a slowdown in PC sales this year
TikTok has contacted senators over long-held fears that US user data could be passed on to China's communist government
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
Monetary Authority of Singapore "reprimanded" Three Arrows and accused it of providing misleading information concerning its relocation to the British Virgin Islands
Extreme volatility in digital asset markets prompted the freeze, leaving its 1.7 million customers unable to redeem their holdings
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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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