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Latest: Fintech News

Grab To Take Majority Stake In Indonesia E-wallet OVO
Grab To Take Majority Stake In Indonesia E-wallet OVO

Southeast Asian payments firm buys stakes from Indonesian conglomerate Lippo and Tokopedia to lift its holdings to 90% from 39%

‘Cryptoization’ of Emerging Markets Threatens Financial Stability, IMF Says
‘Cryptoization’ of Emerging Markets Threatens Financial Stability, IMF Says

The IMF says the market value of crypto assets surged 10-fold since early 2020 to surpass $2 trillion and warns that increased trading of the assets risks triggering destabilizing capital flows.

Bitcoin Leaps By 9% To Close In On 12-Day High
Bitcoin Leaps By 9% To Close In On 12-Day High

The leading cryptocurrency was closing in on its biggest single-day advance since the middle of June

Taiwan Says Chips Bottleneck Isn’t Only Their Problem, It’s Malaysia’s Too
Japan’s Rakuten To Cash In On Banking Unit After Mobile Network Hit
Taiwan To Help US Solve Chips Crisis But Warns Of ‘Unreasonable Demands’
Alibaba, Meituan and JD.com Aim To Deliver With Aid Of A Robot Army
Australian Regulator Aims To Rein In Google’s Advertising Power
Crypto Exchanges Rush to Cut Ties with China Users After Beijing’s Ban
China’s Central Bank Says All Crypto Transactions Are Illegal

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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