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Latest: Fintech News

US SEC Approves Blockchain-Backed Stock Exchange
US SEC Approves Blockchain-Backed Stock Exchange

BSTX would initially trade securities, such as stocks or exchange-traded funds, but those securities would be tradable on rival bourses

US House Set to Debate Competition Bill Aimed at China
US House Set to Debate Competition Bill Aimed at China

The bill authorises $45 billion to support supply-chain resilience and manufacturing of critical goods, industrial equipment, and manufacturing technology

Singapore’s GIC to Invest $525m in 2 Korea Data Centres
Singapore’s GIC to Invest $525m in 2 Korea Data Centres

The two centres are expected to provide more than 45 megawatts of power capacity to serve cloud service providers and other clients

Marcelo Claure To Leave SoftBank Group – WSJ
China Telecom to Roll Out 5G Messaging – Caixin
SK Hynix Sees Supply Woes Improving From July, More Chip Demand
Google Backs Bharti Airtel’s Digital Push With $1bn Investment
Musk’s Bets on Tesla: Human-Like Robots and Self-Driving Cars
Japan May Tie Up with US, Europe on CBDC Rules
Crypto Custodian Fireblocks Raises $550m, Plans Asia Growth

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