Terraform Labs, the Korean-managed and Singapore-headquartered company, shuttered its Terra blockchain platform after the price of its Terra USD stablecoin and cryptocurrency Luna lost almost all their value, wiping out billions of dollars of wealth and rattling the global crypto market.
16 May 2022
Sponsored by Nomura
China’s Net Zero Goal: the Decarbonization Path
What will it take for the world’s biggest energy consumer to reach net zero by 2060?
2 May 2022
Creative thinking: key to sustainable financing
By constantly evolving our thoughts and ideas on sustainable investing, Fidelity could deliver better outcomes that can benefit investors, society, and the planet alike. Read what our investment leadership has to say about sustainable innovation.
4 Apr 2022
Chainalysis, a New York-based blockchain analytics and cryptocurrency data provider, has raised announced US$170 million in a Series F funding round led by Singapore wealth fund GIC, bringing its valuation to US$8.6 billion.
13 May 2022
Australia-based Peppermint Innovation has secured a licence to operate as an electronic money issuer (EMI) in the Philippines. In an announcement to the Australian Stock Exchange, Peppermint says the licence granted by the Bangko Sentral ng Pilipinas (BSP) will allow the company to deliver e-wallet services in the country through its bizmoto mobile application.
12 May 2022
The explosive growth of bitcoin and other cryptocurrencies has opened up a new front in the broader climate crisis by threatening to offset the progress made in recent years toward decarbonization. For the technology to gain wider adoption over the long term, its proponents will have to get serious about reducing its energy usage
11 May 2022
European firms currently lack the scale and agility they need to compete with their US and Chinese counterparts. Wise policymakers would harness the cooperative momentum generated by the Ukraine war and embrace the transversal technologies that are crucial to the region’s future prosperity
6 May 2022
Malaysia has finally joined regional peers in the digital banking revolution, after its central bank announced last week that it will grant digital banking licences to five applicants. However, the new challengers are unlikely to shake up the banking sector, according to rating agency Fitch, which sees their path to financial viability to be “a long and trying ascent”.
6 May 2022
The Depository Trust & Clearing Corporation (DTCC), a post-trade services provider, has published a new white paper highlighting recent developments that require heightened scrutiny among risk managers. This includes the financial industry’s growing reliance on third-party vendors, particularly when it comes to fintech requirements.
5 May 2022
Buy Now, Pay Later (BNPL), a customer financing alternative that allows delayed payment with no interest charge, is gaining a foothold in the global retail consumer market and changing the payments landscape. The BNPL industry is forecast to grow 10 to15 times its current volume worldwide, reaching US$1 trillion in annual gross merchandise volume (GMV), according to market researcher CB Insights.
3 May 2022