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Latest: Fintech News

Hong Kong’s Gusto Raises $11m to Boost Web3 Services
Hong Kong’s Gusto Raises $11m to Boost Web3 Services

The company has partnered with Hong Kong’s largest wireless mobile operator, CSL, to create 5G AR experiences through an app it created

China Fired Up Over ‘Powerful’ Blockchain Project – CNBC
China Fired Up Over ‘Powerful’ Blockchain Project – CNBC

China has been working on a service network that enables the deployment of blockchain technology for businesses, notably those operating cloud computing infrastructure, the report says

Binance Sees $1.6 Billion Evaporate on TerraUSD-Luna Crash
Binance Sees $1.6 Billion Evaporate on TerraUSD-Luna Crash

Binance had invested $3 million in TerraUSD's sister cryptocurrency, Luna, four years ago. Its value plunged from $1.6 billion before last week's crash to less than $3,000 today. 

China Tech Stocks Soar as Xi Aide Set to Meet Sector Giants
Alibaba, Ant Group Exit Paytm E-commerce – Mint
RBI Says Crypto Will Undermine Its Capacity to Regulate – ET
TerraUSD Collapse Unnerves Users, Regulators – Nikkei
UAE Telecom Firm e& Acquires $4.4bn Stake in Vodafone
Nomura Offers Bitcoin Derivatives as Crypto Pares Back Losses
5G Trailblazer South Korea Waits For Demand to Catch Up

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