DMR News

Advancing Digital Conversations

Dayne Lee

With a foundation in financial day trading, I transitioned to my current role as an editor, where I prioritize accuracy and reader engagement in our content. I excel in collaborating with writers to ensure top-quality news coverage. This shift from finance to journalism has been both challenging and rewarding, driving my commitment to editorial excellence.
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  • Tether’s USDT Stablecoin Reaches Record $100 Billion Market Capitalization

Tether’s USDT Stablecoin Reaches Record $100 Billion Market Capitalization

In a notable achievement within the cryptocurrency domain, Tether’s USDT stablecoin has surpassed a groundbreaking market capitalization of $100 billion. This milestone represents a significant year-to-date growth of 9%, solidifying…

Bitcoin NFTs Overtake Ethereum in Weekly Sales, Marking a Notable Shift

In a surprising turn of events, sales of Bitcoin non-fungible tokens (NFTs) have outpaced those on Ethereum in the last week. This shift is attributed to a significant increase in…

Enhanced Powers for UK Law Enforcement in Crypto Asset Seizure

The United Kingdom government has taken a significant step towards tightening its grip on the utilization of cryptocurrencies in illicit activities. A newly published statutory instrument outlines amendments to the…

Binance CEO Called to Testify Before Nigerian Committee on Allegations of Financial Misconduct

The Nigerian House of Representatives Committee on Financial Crimes has officially summoned Richard Teng, CEO of Binance, to address allegations relating to terrorism financing and money laundering activities. This development…

FTX Sets Claim Window Prices for Major Cryptocurrencies Below Market Rates

FTX, the cryptocurrency exchange undergoing bankruptcy proceedings, has initiated a claims process with valuation figures for significant digital assets like Bitcoin, Ether, Solana, and BNB considerably lower than their prevailing…

Chainlink’s Sergey Nazarov Highlights Global Financial System’s Entry into Crypto as New Market Drivers

In an enlightening conversation with Bloomberg on February 28, Chainlink’s founder, Sergey Nazarov, shed light on the distinctiveness of the current cryptocurrency market cycle. He pinpointed the diversity and volume…

2023 Witnesses Uptick in Cryptocurrency Crimes via Darknet Markets, Chainalysis Reports $1.7 Billion in Earnings

The cryptocurrency sector remains under the shadow of cybercriminal activities, with darknet markets identified as a significant contributor to the industry’s illicit revenue streams in 2023. The latest findings from…

Seneca DeFi Platform Suffers $6.4 Million Security Breach

The decentralized finance (DeFi) ecosystem witnessed yet another setback as the lending platform and stablecoin issuer Seneca Protocol fell victim to a cyber exploit, confirmed via an official announcement on…

Anticipation of a Larger Surge in Bitcoin ETFs: Insights from Bitwise

The introduction of spot Bitcoin exchange-traded funds (ETFs) marks a pivotal moment in the financial sector, with Bitwise projecting an unprecedented influx of institutional capital into the market in the…

Hong Kong Ceases License Applications for Cryptocurrency Exchanges

In a significant regulatory shift, as of February 29, Hong Kong has announced the cessation of accepting license applications from cryptocurrency exchanges. This development heralds a new era of compliance…

Central Bank of Nigeria Expresses Concerns Over Binance Amidst Regulatory Scrutiny

In a recent development that has caught the attention of both national and international observers, Binance, the world’s largest cryptocurrency exchange, has come under increased scrutiny from Nigerian authorities. The…

HashKey OTC Gains Preliminary License Approval from Singapore’s Monetary Authority

HashKey Technology Services, the distinguished over-the-counter (OTC) trading division of the HashKey Group, marked a significant milestone on February 28 by receiving in-principle approval from the Monetary Authority of Singapore…

Shido Token’s Value Tumbles by 94% Following Ethereum Staking Contract Breach

In a startling turn of events, the Shido blockchain, a layer-1 entity, witnessed a dramatic plunge in its token value, nosediving by up to 94% within a mere half-hour. This…

Uniswap Announces Web Wallet Extension Launch

Decentralized exchange (DEX) Uniswap is set to enhance its ecosystem with the introduction of a web wallet extension for its native wallet, according to a recent announcement on February 27.…

U.S. Miners Less Affected by Bitcoin Halving Due to Energy Efficiency

Recent investigations by Hashlabs Mining reveal that the United States hosts 40% of global Bitcoin mining activities, a significant statistic that highlights the country’s dominant position in the cryptocurrency mining…

Matrixport Signals Caution Amid Market Exuberance Following Bitcoin’s Surge Past $60K

In a recent observation, Daniel Yan, the co-founder of the Singapore-based cryptocurrency service firm Matrixport, has voiced concerns over the potential for a market correction following Bitcoin’s climb to its…

Bitcoin Surpasses $60K Mark for the First Time in Two Years

For the first time in more than two years, Bitcoin has crossed the $60,000 threshold, marking a significant milestone in its price trajectory. As of 1:00 pm UTC, the cryptocurrency…

Crypto.com Forges Alliance with Latin America’s Premier Investment Bank for Stablecoin Initiative

BTG Pactual, a leading banking institution in Latin America, has embarked on a collaborative venture with Crypto.com, aiming to propel the integration of cryptocurrency banking services within the region. This…

NFT Updates: Yuga Labs Phases Out Support for Non-Royalty Platforms, South Korea Engages in NFT Talks with Gary Gensler

Yuga Labs, the powerhouse behind renowned Nonfungible Token (NFT) collections such as the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), is making a significant pivot in…

Spanish Financial Authority Flags 18 Entities for Operating Without Licenses

Spain’s leading financial watchdog, the National Securities Market Commission (CNMV), has disclosed a list of 18 companies providing services within the country sans the requisite licensing. On February 26, the…