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Latest: Fintech News

Bitcoin Miners Selling Their Coins Amid Crypto Meltdown
Bitcoin Miners Selling Their Coins Amid Crypto Meltdown

The number of coins miners are transferring to exchanges has climbed steadily from June 7, researchers said, in a sign that 'miners are increasingly liquidating their coins on exchanges'

Bitcoin’s Energy Usage Slumps to a Year’s Low – Mint
Bitcoin’s Energy Usage Slumps to a Year’s Low – Mint

Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage

Japan’s SoftBank Group Favours Nasdaq for Arm Listing
Japan’s SoftBank Group Favours Nasdaq for Arm Listing

No decision has been made on where Arm might list. But Masayoshi Son is undaunted by the hit SoftBank has taken due to tech crackdowns in China, the war on Ukraine and rising rates.

Moody’s Downgrades Crypto Exchange Coinbase’s Debt
India Loan Platform Pine Labs Buys Fintech Setu for $75m – Mint
Crypto Exchange Coinflex Halts Withdrawals, Citing Volatility
Riches to Rags: Lockdowns Kill Shanghai Online, Offline Fashion
China Stocks Rise on Policy Support as Rest of Asia is Mixed
Toshiba Bidders Plan 7,000 Yen Per Share Offer in $22bn Deal
China Signals Support to Fintech Firms While Tightening Control

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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