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Latest: Fintech News

Most Crypto Trades Were People Buying From Themselves: Study
Most Crypto Trades Were People Buying From Themselves: Study

Researchers in study of 29 exchanges found significant “wash trading”, where an investor sells and buys the same asset to create artificial interest in an investment

UMC and Micron Settle US-China Trade Secrets Dispute
UMC and Micron Settle US-China Trade Secrets Dispute

UMC admitted in a US court that it had hired engineers from Micron in 2015 who shared confidential information with a Chinese group

Philippine Officials Pursue Japanese Investment
Philippine Officials Pursue Japanese Investment

Financial secretary Carlos Dominguez is seeking investment in infrastructure, manufacturing, digital technology, renewable energy and R&D

China’s SOEs Limit Use Of Tencent App Weixin: WSJ
Taiwan Looks At Chip Cooperation With EU States
DBS Bank Denies Myanmar Bond Link to Online Services Outage
Apple Warns Thais of iPhone Attacks: Bangkok Post
Jack Ma’s Ant Group Rebrands Some Credit Offerings: WSJ
Invesco Set to Capitalise on India’s Ban on Private Cryptos
Warburg Seen Cutting Ant Valuation By 15% to Below $200bn

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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