DMR News

Advancing Digital Conversations

Surge in DeFi Market Fueled by Federal Reserve Cuts, Chinese Economic Policy, and Leading Protocols

Apollo Crypto, an investment management firm specializing in digital assets, recently released a comprehensive report that highlights the potential for a second wave of growth in the decentralized finance (DeFi)…

Indonesia’s Postal Service Introduces NFT-Enabled Postage Stamps

Pos Indonesia, the national postal service of Indonesia, has pioneered its first postage stamps integrated with non-fungible tokens (NFTs), blending age-old traditions with cutting-edge blockchain technology. The announcement made via…

September Crypto Hacks Surpass $120 Million, Centralized Exchanges Hit Hard

Cumulative losses from cryptocurrency hacks exceeded $120 million in September 2024, making it the second-lowest monthly loss from hacks this year, following April. Centralized exchanges remain prime targets for hackers,…

Tesla Stops Selling Its Cheapest Model 3

Tesla has discontinued the sale of its most affordable vehicle, the Model 3 Standard Range Rear-Wheel Drive, previously priced at $39,000. This version is no longer available in Tesla’s online…

China appeals to WTO over Canada’s new tariffs on EVs and metal imports

China has filed an appeal to the World Trade Organization (WTO) to challenge Canada’s tariffs on electric vehicles (EVs), steel, and aluminum products. The Chinese Ministry of Commerce announced this…

Ripple CEO on SEC Appeal: “We’ll Fight in Court for as Long as We Need”

Brad Garlinghouse, CEO of Ripple Labs, has pledged to contest the United States Securities and Exchange Commission (SEC) in court following the regulator’s announcement that it would appeal a district…

Apple faces production challenges after Tata plant fire in India

Apple may need to source critical iPhone components from China after a fire at Tata Group’s plant in southern India caused significant production disruptions, according to industry insiders. The fire…

OpenAI Raises $6.6 Billion, Reaching $157 Billion Valuation

OpenAI has raised $6.6 billion in its latest funding round, valuing the company at $157 billion. Thrive Capital, a key investor in OpenAI, led the round, with contributions from major…

Bitwise Files Form S-1 for First XRP ETF with US SEC

Cryptocurrency asset manager Bitwise has officially submitted a Form S-1 filing for the first spot XRP exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). This move…

eBay Removes Seller Fees for UK Domestic Sales

eBay has announced that starting today, UK consumer-to-consumer (C2C) sellers will no longer need to pay selling fees for any domestic sales. The company had initially tested a fee-free model…

Biden Tours Carolinas While Harris Visits Georgia to Assess Hurricane Helene Damage

President Joe Biden and Vice President Kamala Harris undertook separate tours on Wednesday to assess the catastrophic damage inflicted by Hurricane Helene, which has claimed at least 183 lives. Their…

Oracle plans major $6.5 billion cloud investment in Malaysia

Oracle plans to invest over $6.5 billion to establish its first public cloud region in Malaysia, marking one of the largest single technology investments in the country to date. This…

US Trading App Robinhood Introduces ‘Crypto Transfers’ Feature in Europe

Robinhood, the popular trading app in the United States, is expanding its cryptocurrency services in Europe by enabling customers to deposit and withdraw crypto through external platforms. This new feature…

Sonos Reveals Plan to Fix App and Win Back Users

Sonos is working to recover from the negative impact of its troubled app relaunch earlier this year, which caused major frustrations for users and led to significant internal challenges for…

Google commits $1 billion to build data center and boost AI growth in Thailand

Google announced Monday a $1 billion investment in Thailand, equivalent to 36 billion Thai baht, aimed at establishing a new data center and expanding cloud infrastructure within the country. This…

Bitcoin-Curious Michael Dell Sells $1.2 Billion Worth of Dell Stock

Michael Dell, the founder and CEO of Dell Technologies (DELL), recently sold 10 million shares of his company, amounting to approximately $1.22 billion, marking his second significant sale in September.…

Bitcoin Miner Claims Judge and Prosecutor Targeted Firm with Noise Laws

A Bitcoin mining company is suing an Arkansas County judge and prosecutor, alleging selective enforcement of noise regulations aimed specifically at crypto firms. NewRays, a crypto mining company, filed a…

Cruise Faces $1.5 Million Fine For Not Reporting Pedestrian Dragging Incident in Full Detail

Cruise, the autonomous vehicle division of General Motors, has been fined $1.5 million by the National Highway Traffic Safety Administration (NHTSA) for failing to fully disclose the details of an…

Kasikornbank Introduces Thailand’s First Licensed Digital Asset Custodian

Thailand’s Kasikornbank (KBank), the second-largest bank in the country by assets, has announced the launch of orbix Custodian, marking the establishment of Thailand’s first licensed digital asset custodian. The orbix…

India Aims to Fabricate First Semiconductor by 2026 Amid Major U.S. Tech Investments

India is set to produce its first semiconductor chip within two years, according to Commerce Minister Piyush Goyal, who shared the update during an interview with CNBC. This announcement coincides…