Latest: Fintech News
Diem Association sold its assets to crypto-focused bank Silvergate Capital on Monday, ending the ambitious push by Facebook/Meta to get its billions of users to adopt its own currency
The AFL-CIO, which represents 12.5 million workers, said in a letter to lawmakers the bill's $52 billion for chips is critical to "addressing the current chip shortage"
Experts say the Southeast Asian "gold rush" will continue in 2022, stoking momentum in the region's startup ecosystem
Apart from the pilot zones, 164 entities, including hospitals, universities and companies, were chosen to deploy and test the technology
The company said governments and private customers can instantly verify the provenance and authenticity of vaccines and other drugs
The decision, Indian media reported, is based on a preliminary internal investigation of the Paytm rival that has yielded indications of financial fraud
The bank said it wrote off 16.62 billion rupees, which included loans in consumer and microfinance portfolios
BSTX would initially trade securities, such as stocks or exchange-traded funds, but those securities would be tradable on rival bourses
The bill authorises $45 billion to support supply-chain resilience and manufacturing of critical goods, industrial equipment, and manufacturing technology
The two centres are expected to provide more than 45 megawatts of power capacity to serve cloud service providers and other clients
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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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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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