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Latest: Fintech News

China hails US TikTok and WeChat transactions ban U-turn as ‘positive step’
China hails US TikTok and WeChat transactions ban U-turn as ‘positive step’

President Joe Biden has also withdrawn Trump-era executive orders that looked to ban new downloads of the Tencent-owned apps and ordered a review of alleged security concerns posed by them

Bitcoin prices cave as China’s mining crackdown continues
Bitcoin prices cave as China’s mining crackdown continues

Crypto traders say Beijing’s closure orders have forced mine owners to dump their currency onto an oversensitive market depressing prices 

Bitcoin hit as China’s crypto mining crackdown spreads to Sichuan
Bitcoin hit as China’s crypto mining crackdown spreads to Sichuan

Bitcoin miners in Sichuan faced a Sunday June 20 deadline to close, with a crackdown now covering greener electricity sources ...

China’s Education Ministry Sets up New Unit in Tutoring Crackdown
Taiwan’s Foxconn pours funding into solar cell manufacturer
China pushes for 5G and power network convergence
Samsung hooks up with Vodafone in breakthrough 5G network deal
China’s cryptocurrency-mining crackdown spreads to Yunnan in southwest
China’s crypto crackdown continues with mining closure orders
Global crypto exchanges keen to board India’s gravy train

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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