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Latest: Fintech News

SoftBank Profit Plunges as Deal to Sell Arm Collapses
SoftBank Profit Plunges as Deal to Sell Arm Collapses

SoftBank reported a 97% drop in quarterly profit and the collapse of a deal worth up to $80 billion to sell chip designer Arm on Tuesday, adding to pressure on the group to boost its sagging shares

Digital Rupee Will Help Cut RBI’s Operational Costs – ET
Digital Rupee Will Help Cut RBI’s Operational Costs – ET

For every 100-rupee note, the cost works out to be 15-17% on each tender in its four-year life cycle, the report said citing a market estimate

Investors Made Millions on Obscure Crypto Coins – NYT
Investors Made Millions on Obscure Crypto Coins – NYT

Ranks of cryptocurrency speculators have swelled, with even obscure tokens minting the newly wealthy: at least on the blockchain

Mitsubishi UFJ Trust to Issue Crypto For Trading – Nikkei
Crypto Bull to Quit Twitter if Bitcoin Not at $100k in 2022
Ant-Backed MYBank Fined For Violating Credit Scoring Rules
Singapore Taps Niche SPAC Listings to Capture Tech Boom
Fintech Courses Aim to Secure HK’s Key Financial Sector – SCMP
GlobalWafers To Use Funds From Failed Deal To Grow Capacity
Indian Crypto Exchanges to Brief Policymakers on Tax Tangle – ET

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