Latest: Fintech News
Toronto-listed Voyager estimated its crypto assets held for customers at about $1.3 billion and its own holdings worth $110 million, plus $350 million in cash
The US-based company said some of New Delhi's removal orders fell short of the procedural requirements of India's Information Technology (IT) Act
London-based Nexo said it would buy up to 100% of Vauld and 'reorganize its future operations with the aim to accelerate its deeper presence in Asia'
China chipmakers lack the technology to keep it at the forefront of chip design and manufacture, says Jefferies Group analyst Edison Lee.
The call by Democratic senator Mark Warner and his Republican colleague Marco Rubio followed a Buzzfeed report saying TikTok staff in China could access private data of US users
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.
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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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