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Latest: Fintech News

Cryptocurrency Scams Steal $7.7bn as Losses Hit New Record
Cryptocurrency Scams Steal $7.7bn as Losses Hit New Record

Cryptocurrency scams are an all-time high, according to new data released on Friday, with illegal operations making off with more than $7.7 billion worth of assets, 81% more than in 2020.

US to Consult Allies Over Ban on Sales to China’s SMIC
US to Consult Allies Over Ban on Sales to China’s SMIC

Officials at various US agencies talked about a proposal to toughen sales to chipmakers in China

China’s Tsinghua Unigroup Hits Back at Chairman Over Restructuring
China’s Tsinghua Unigroup Hits Back at Chairman Over Restructuring

Zhao Weiguo’s opposition to the deal with JAC and Wise Road is a potential hurdle for the sale and restructuring of Unigroup, a firm once poised to be a key Chinese semiconductor producer

Meta Labels India, China Groups as ‘Cyber Mercenaries’
Crypto Investor Katie Haun Leaving Andreessen Horowitz – Axios
US Cyber Agency Plays Down Software Flaw Risks
US Military’s New Software Tool Forecasts China’s Reactions
China Takes Stakes in Private Data Companies
Intel’s New $7bn Malaysia Plant to Generate 9,000 Jobs
Inside India’s Booming Crypto Industry – Mint

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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