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Latest: Fintech News

Canada Bans Huawei, ZTE 5G Gear on ‘National Security’ Fears
Canada Bans Huawei, ZTE 5G Gear on ‘National Security’ Fears

Authorities said companies would be required to remove their 5G equipment by June 2024 and would not be reimbursed for their expenses

China Tech Giants Listed in Hong Kong Plunge Again
China Tech Giants Listed in Hong Kong Plunge Again

Tencent sank by more than 6%, Alibaba dropped 7.39%, while its e-commerce rival JD.com was down 3.7% and Meituan slipped by nearly 3.8%

Trash-Talking Crypto ‘Whiz’ Created a $40bn Crash – NYT
Trash-Talking Crypto ‘Whiz’ Created a $40bn Crash – NYT

Do Kwon, the young Korean who created the Luna token, built a huge house of cards thanks to millions ploughed in by investment firms, despite the coin's very unstable foundations

Sri Lanka Holds Rates Steady as $130m Funding Pays for Fuel
Cybersecurity Team Creates Tool to Unlock, Operate Tesla Cars
Sony Ready for Metaverse Revolution Across Platforms
Cryptocurrency More Like Kryptonite, Says Top Fund Manager
Russia Moves Towards Legalising Crypto, Says Minister
Crypto Collapse Vindicates China Ban – Economic Daily
Pyongyang Trying to Place Hackers in Foreign Firms, Says US

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