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Latest: Fintech News

Popular NFT Game Stepn Cuts Off China Users – CryptoSlate
Popular NFT Game Stepn Cuts Off China Users – CryptoSlate

Stepn lets users buy and trade NFTs and in-game crypto by walking or running in the real world and they then convert in-game earnings to other crypto or cash

Hong Kong’s Babel Defies Crypto Rout With $80m Fundraising
Hong Kong’s Babel Defies Crypto Rout With $80m Fundraising

The firm had raised $40 million in its previous round, a year earlier. The cryptocurrency lender and asset manager is now valued at $2 billion.

Japan’s Opn Payments Firm Secures $40m to Boost Asia Growth
Japan’s Opn Payments Firm Secures $40m to Boost Asia Growth

Founded in 2013, Opn offers a digital payment system to merchants, enterprises, and financial institutions in Japan and Southeast Asia using blockchain

Davos ‘Old Guard’ Greets Crypto Newcomers With Scepticism
US Bill Would Ban Digital Yuan from Google, Apple App Stores
Alibaba Earnings up on High Online Demand Amid Lockdowns
China Lockdowns Holding up New iPhones – Nikkei
Baidu Cloud, AI Services Draw $4.2bn in March Quarter
UK to Probe Chinese Takeover of Chip Company – FT
Sony to Boost PlayStation 5 Output, Broaden PC, Mobile Titles

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