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Latest: Fintech News

Crypto Exchanges Rush to Cut Ties with China Users After Beijing’s Ban
Crypto Exchanges Rush to Cut Ties with China Users After Beijing’s Ban

Exchanges and providers of crypto services are scrambling to sever ties with mainland Chinese clients. Some are shutting services, while others are moving to Singapore.

China’s Central Bank Says All Crypto Transactions Are Illegal
China’s Central Bank Says All Crypto Transactions Are Illegal

The PBoC was one of 10 state agencies, along with banking, securities and forex regulators, who said in a joint statement they would work closely to clamp down on crypto trading and mining

Tesla ‘Looking at Samsung’ To Make Its Next-Gen Self-Driving Chips
Tesla ‘Looking at Samsung’ To Make Its Next-Gen Self-Driving Chips

The American electric vehicle-maker has been in talks with the tech giant for much of this year, according to the Korea Economic Daily, over the breakthrough deal

Supply Chain Snarls Seen Costing Automakers $210bn This Year
Xiaomi Funding Lifts Auto-Chip Firm Black Sesame’s Value To Near $2bn
Bitcoin Recovers After Evergrande Crisis Sparks Crypto Sell-Off
SoftBank Scores With $680m Funding Round For NFT Soccer Game Sorare
US Trade Official Emails Called India’s Mastercard Ban ‘Draconian’
South Korean Crypto Exchanges Told To Toe The Line Or Shut Down
Taiwan Chipmaking Giant TSMC Targets Net Zero Emissions By 2050

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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