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Latest: Fintech News

Crypto Crash Hits Proceeds of North Korean Hacker Heists
Crypto Crash Hits Proceeds of North Korean Hacker Heists

The sudden plunge in crypto values, which started in May amid a broader economic slowdown, complicates Pyongyang's ability to fund its weapons programmes

Digital Bank Pioneer in Australia Shuts Down, Returns Licence
Digital Bank Pioneer in Australia Shuts Down, Returns Licence

Volt Bank, which in February said it intended to raise A$200 million ($138 million), said it was unable to secure enough funding to support the business

Finance Expats Flee Singapore Restrictions – Sunday Times
Finance Expats Flee Singapore Restrictions – Sunday Times

The city-state has put in a number of measures to ensure what it calls 'protections for local employees' by cutting back visas and raising the salary level for foreigners

Bitcoin Will Soon be Worth Zero, Warns China State Media
Three Arrows Capital Hedge Fund in Default Amid Crypto Selloff
Taiwan’s GlobalWafers to Spend $5bn on US Silicon Wafer Plant
Bitcoin Miners Selling Their Coins Amid Crypto Meltdown
Bitcoin’s Energy Usage Slumps to a Year’s Low – Mint
Japan’s SoftBank Group Favours Nasdaq for Arm Listing
Moody’s Downgrades Crypto Exchange Coinbase’s Debt

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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