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Latest: Fintech News

China Regulator Cracks Down on Online Investment Fraud
China Regulator Cracks Down on Online Investment Fraud

CAC said it had amassed a fraud database of 3.8 million websites and 500,000 apps. It did not specify if any are still operating or elaborate on any penalties issued

Crypto Hedge Fund Three Arrows Lashed by Singapore Regulator
Crypto Hedge Fund Three Arrows Lashed by Singapore Regulator

Monetary Authority of Singapore "reprimanded" Three Arrows and accused it of providing misleading information concerning its relocation to the British Virgin Islands

Crypto Crash Victim Celsius Seeks Restructuring
Crypto Crash Victim Celsius Seeks Restructuring

Extreme volatility in digital asset markets prompted the freeze, leaving its 1.7 million customers unable to redeem their holdings

China’s Big Tech Groups Pledge to Help Ban NFT Trading
China Regulator Issues Rules on Sending Personal Data Abroad
US FCC Member Calls on Apple, Google to Dump TikTok App
China Hiring Uni Students for Industrial Espionage – FT
China’s SenseTime Shares Plunge 51% as Lock-up Expires
N Korea Hackers Prime Suspects in $100m Harmony Crypto Heist
Samsung Starts to Mass Produce Advanced 3-Nanometre Chips

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