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Latest: Fintech News

Crypto Collapse Vindicates China Ban – Economic Daily
Crypto Collapse Vindicates China Ban – Economic Daily

Commentator Li Hualin said the ban helped to “extinguish the ‘virtual fire’ of virtual currency speculation"

Pyongyang Trying to Place Hackers in Foreign Firms, Says US
Pyongyang Trying to Place Hackers in Foreign Firms, Says US

Three US agencies said Pyongyang dispatches thousands of information technology workers worldwide, taking advantage of existing demands for specific skills

More Crypto Wobbles as Deus Stablecoin Loses Dollar Peg
More Crypto Wobbles as Deus Stablecoin Loses Dollar Peg

Stablecoins are meant to offer a reliable investment option, unlike unpegged cryptocurrencies like bitcoin or ether, which are very volatile

China Reemerges as Major Bitcoin Mining Hub Despite Ban
China Forges Ahead of US in Supercomputer Race – FT
China Tries to Soothe Tech Firms in Sign of Easing Crackdown
Hong Kong’s Gusto Raises $11m to Boost Web3 Services
China Fired Up Over ‘Powerful’ Blockchain Project – CNBC
Binance Sees $1.6 Billion Evaporate on TerraUSD-Luna Crash
China Tech Stocks Soar as Xi Aide Set to Meet Sector Giants

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