DMR News
Advancing Digital Conversations
TikTok and influencers significantly influence Gen Z’s shopping choices.
Generation Z in the Asia-Pacific region is revolutionizing the fashion industry by taking cues from idols and influencers, significantly driven by the social media platform TikTok, according to a new…
Global Cryptocurrency ATM Installations Approach Historical Peak
The global landscape of cryptocurrency ATMs has witnessed a notable resurgence, with the number of installations nearing its historical peak set in December 2022. Over the past year, the total…
Launch of U.S.-Based Spot Ethereum ETFs Postponed Due to SEC Review Delays
The anticipated launch of spot Ether exchange-traded funds (ETFs) in the United States, initially expected as early as July 2, has encountered delays. The U.S. Securities and Exchange Commission (SEC)…
Global Climate Tech Firm Aether Fuels Secures $34M in Series A Funding
Global advanced climate technology company Aether Fuels has announced securing $34 million in Series A financing from a syndicate of global investors. The funding aims to accelerate the company’s efforts…
Nigerian Chair Highlights Blockchain and AI as Tools Against Illicit Financial Flows in Africa
At the recent Pan-African Conference on Illicit Financial Flows and Taxation, Olanipekun Olukoyede, the chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), emphasized the critical role of blockchain technology…
Chinese AI startups move to Singapore to drive global expansion
When Wu Cunsong and Chen Binghui founded their artificial intelligence startup, Tabcut, two years ago in Hangzhou, China, they quickly encountered numerous challenges, including a lack of venture capital. This…
U.S. Court Advances Majority of SEC Claims in Lawsuit Against Binance
In a significant development, Binance, the world’s largest cryptocurrency exchange, faces continued legal challenges as a U.S. court has decided to allow most claims lodged by the Securities and Exchange…
Billionaire Expresses Skepticism on Significant Bitcoin Price Increases
Peter Thiel, the former CEO of PayPal and a prominent investor through his Founders Fund, has voiced skepticism about the potential for a significant increase in Bitcoin’s price from its…
India’s opposition urges Modi government to investigate Foxconn’s hiring practices
NEW DELHI – India’s opposition Congress party has called on Prime Minister Narendra Modi’s government to scrutinize Foxconn‘s hiring practices following a Reuters report that revealed the Apple supplier excludes…
IRS Unveils Final Guidelines for Crypto Broker Reporting Regulations
On June 28, the United States Internal Revenue Service (IRS) announced the completion of its final draft concerning new reporting requirements for crypto brokers. These new regulations aim to refine…
Google Acquires Stake in BlackRock-Owned Taiwan Solar Power Company
Google has announced a significant investment in Taiwan’s New Green Power (NGP), a firm owned by a BlackRock fund, with the potential to purchase up to 300 megawatts (MW) of…
Volkswagen Gathers Rivian Talent for Silicon Valley Software Hub
Volkswagen Group’s recent $5 billion partnership with Rivian is already bearing fruit, as VW has been leveraging Rivian’s software talent months before the official announcement. VW’s software division, Cariad, has…
Amazon Acquires Talent from AI Startup Adept
Amazon has significantly boosted its AI development efforts by hiring top executives from AI startup Adept and licensing its advanced technology. Adept, known for creating AI-powered agents that perform various…
South Korea’s SK Hynix plans to invest $75 billion in AI and chip development by 2028.
South Korea’s SK Hynix, the world’s second-largest memory chip maker, announced an ambitious plan to invest 103 trillion won (approximately $74.6 billion) by 2028. This substantial investment aims to strengthen…
Starfish Space Aims to Extend Life of Intelsat Satellite in 2026 Mission
Starfish Space and Intelsat’s 2026 mission aims to revolutionize satellite operations by extending the life of an expensive geostationary orbit (GEO) satellite. Utilizing Starfish’s Otter spacecraft, the mission will boost…
Hebbia Secures $100M Series B for AI Document Search, Led by Andreessen Horowitz
Hebbia, a pioneering startup leveraging generative AI to search vast document repositories and provide specific answers, has successfully raised close to $100 million in a Series B funding round led…
Bitget Announces $20 Million Investment Fund to Boost Telegram’s TON Ecosystem
In a significant development for The Open Network (TON), Bitget, a prominent crypto exchange, in partnership with Singapore-based Foresight Ventures, has announced the launch of a $20 million TON Ecosystem…
Australia Enhances Data Program to Identify Non-Compliant Crypto Taxpayers
As the Australian financial year draws to a close on June 30, the Australian Tax Office (ATO) is intensifying its oversight on cryptocurrency gains. With taxpayers starting to lodge their…
Samsara Eco Secures $65 Million to Replace Plastic Packaging
Samsara Eco, an Australian startup specializing in fossil-free polymer resins, secured a substantial $65 million equity funding round on Wednesday, June 26. Co-led by Temasek and Main Sequence, the investment…
Binance Implements Enhanced Security Protocols to Combat Account Misuse
Binance, the largest cryptocurrency exchange globally, has announced the implementation of new security measures aimed at curbing the misuse of account features and preserving the integrity of its platform. These…