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Latest: Fintech News

China Hiring Uni Students for Industrial Espionage – FT
China Hiring Uni Students for Industrial Espionage – FT

Beijing spymasters recruited the English-language graduates on behalf of APT40, which snoops on US, Canadian, European, Israeli and Arab agencies, companies and universities

China’s SenseTime Shares Plunge 51% as Lock-up Expires
China’s SenseTime Shares Plunge 51% as Lock-up Expires

SenseTime's Hong Kong-listed shares recovered to be 43% down at noon HK time, after investors engaged in profit-taking.

N Korea Hackers Prime Suspects in $100m Harmony Crypto Heist
N Korea Hackers Prime Suspects in $100m Harmony Crypto Heist

The cryptoassets were stolen on June 23 from Horizon Bridge, a service operated by the Harmony blockchain that allows assets to be transferred to other blockchains.

Samsung Starts to Mass Produce Advanced 3-Nanometre Chips
US Military Aims to Counter China Propaganda – Defense News
Grayscale Sues US SEC Over Bitcoin ETF Rejection
Crypto Hedge Fund Three Arrows Falls Into Liquidation
China Phone Makers Fill Gap Left by Apple, Samsung in Russia
Philippines Poll Marred by ‘Tech Failures, Social Media Influence’
US Crypto Mining Supplier Compass Loses Key Executives

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Fintech: The Big Picture

ASML in the Centre of the Chip War

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