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Latest: Fintech News

Sri Lanka Streets Calm After State of Emergency Declared
Sri Lanka Streets Calm After State of Emergency Declared

The IMF will meet with Sri Lankan officials in a virtual meeting beginning on Monday, a statement from Masahiro Nozaki, the fund's country mission chief said on Saturday

Singapore SPAC Plans to Invest $115m in Tech Startups
Singapore SPAC Plans to Invest $115m in Tech Startups

The SPAC plans to invest in Web3, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services industries

Nvidia to Pay $5.5m Penalty Over Chips’ Use in Cryptomining
Nvidia to Pay $5.5m Penalty Over Chips’ Use in Cryptomining

Nvidia's chips became popular for their use in crypto-mining, the process of obtaining crypto rewards in exchange for verifying transactions on distributed ledgers

US Hits ‘Currency Mixer’ Blender With North Korea Sanctions
TikTok Workers Reveal Pressure, Poor Conditions – WSJ
Samsung Fossil Fuel Reliance ‘an Investment Risk’ – FT
Indian Court Halts Seizure of $725m in Xiaomi Assets
Uzbekistan Allows Crypto-Mining Using Solar, Ends Taxes
China, Russia Central Banks to Meet Over Payment Systems
Binance, Ellison Join Group Backing Musk’s Twitter Bid – FT

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