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Latest: Fintech News

India PM Modi’s Twitter Hacked By Bitcoin Scammers
India PM Modi’s Twitter Hacked By Bitcoin Scammers

A now deleted tweet from @narendramodi claimed the Indian government had bought 500 bitcoin and was going to share them with its citizens

UK Spy Chief’s Fears Over China’s Digital Renminbi: FT
UK Spy Chief’s Fears Over China’s Digital Renminbi: FT

GCHQ head warns technology could allow Beijing to monitor users and exert control over global currency transactions

US Seen Weighing Ban on Key Exports to China Chipmaker SMIC
US Seen Weighing Ban on Key Exports to China Chipmaker SMIC

Washington is also allegedly considering adding more tech firms to the Commerce department's entity list and to the Treasury list banning US investment

China’s SenseTime Reassessing Its $767m Hong Kong IPO
US to Blacklist China AI Firm SenseTime over Xinjiang: FT
Total Unit to Start Trading Renewable Energy in Asia
Better.com Boss Says Sorry Over Zoom Firings
Russian Ransomware Gang Claims Australia Cyberattack
Alibaba Empire Under Threat from Douyin, Pinduoduo
China’s iQiyi Fires Hundreds as Losses Balloon: Caixin

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