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Latest: Fintech News

Crypto Hedge Fund Three Arrows Lashed by Singapore Regulator
Crypto Hedge Fund Three Arrows Lashed by Singapore Regulator

Monetary Authority of Singapore "reprimanded" Three Arrows and accused it of providing misleading information concerning its relocation to the British Virgin Islands

Crypto Crash Victim Celsius Seeks Restructuring
Crypto Crash Victim Celsius Seeks Restructuring

Extreme volatility in digital asset markets prompted the freeze, leaving its 1.7 million customers unable to redeem their holdings

China’s Big Tech Groups Pledge to Help Ban NFT Trading
China’s Big Tech Groups Pledge to Help Ban NFT Trading

Tencent Holdings, Ant Group, Baidu and JD.com are among signatories to a pact to stop secondary trading in NFTs and other digital collectibles

China Regulator Issues Rules on Sending Personal Data Abroad
US FCC Member Calls on Apple, Google to Dump TikTok App
China Hiring Uni Students for Industrial Espionage – FT
China’s SenseTime Shares Plunge 51% as Lock-up Expires
N Korea Hackers Prime Suspects in $100m Harmony Crypto Heist
Samsung Starts to Mass Produce Advanced 3-Nanometre Chips
US Military Aims to Counter China Propaganda – Defense News

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