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Latest: Fintech News

Google-Backed VerSe Nets $805m in Funds for Josh, News App
Google-Backed VerSe Nets $805m in Funds for Josh, News App

VerSe, which is the Indian 'parent' of short-video app Josh and news aggregator Dailyhunt, is now valued at $5 billion

Russia Turns to China for Domestic Bank Card Microchips
Russia Turns to China for Domestic Bank Card Microchips

Russia is turning to microchip manufacturers in China to circumvent western sanctions which have boosted demand for bank cards linked to Mir payment system, a payment card executive said.

US Imposes Sanctions on Russian Dark Web, Crypto Site
US Imposes Sanctions on Russian Dark Web, Crypto Site

Hydra is popular among cyber criminals seeking hacking tools and money laundering services and looking to trade in stolen data and drugs

Australian State to Probe Gambling Via China UnionPay
Elon Musk and the SEC: A History – The Information
Crypto Losses Surge 695% in First Quarter – TechCrunch
ByteDance Uploaded Other Platforms’ Accounts – BuzzFeed
NFT Market Shrinks as Sales Decline After Great Leap Forward
Taiwan Eyeing Closer Tech Ties With US – Nikkei Asia
Huawei Pays $9.6bn in Dividends to Current and Retired Staff

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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