Latest: Fintech News
Prudential investment unit PGIM said crypto is an unreliable portfolio diversifier and an inadequate safe-haven asset or inflation hedge
Citing risks to financial stability from the rising number of crypto transactions, central bank officials said last year they did not see room for cryptocurrency
Commentator Li Hualin said the ban helped to “extinguish the ‘virtual fire’ of virtual currency speculation"
Three US agencies said Pyongyang dispatches thousands of information technology workers worldwide, taking advantage of existing demands for specific skills
Stablecoins are meant to offer a reliable investment option, unlike unpegged cryptocurrencies like bitcoin or ether, which are very volatile
While the US accounts for more than a third of all bitcoin mining - as measured by power consumption - China has taken the second spot, with 21.11% of the total
China’s achievement was made with local technology, which it was forced to develop due to Washington's imposition of technology sanctions
Liu He spoke at a meeting convened by the Chinese People's Political Consultative Conference in the strongest sign yet that Beijing would ease off on the sector
The company has partnered with Hong Kong’s largest wireless mobile operator, CSL, to create 5G AR experiences through an app it created
China has been working on a service network that enables the deployment of blockchain technology for businesses, notably those operating cloud computing infrastructure, the report says
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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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