DMR News
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Nvidia Surpasses Microsoft to Become the Most Valuable Publicly Traded Company
Nvidia, a name once synonymous with high-performance graphics chips in the gaming community, has surged to become the most valuable public company globally. With a remarkable leap in its stock…
Uphold Announces Delisting of USDT and Five Other Stablecoins by July, Cites MiCA Compliance
Cryptocurrency exchange Uphold has recently notified its European users of a significant upcoming change: the platform will cease support for six well-known stablecoins starting July 1st. This decision is in…
Apple Pay Later Shut Down, Affirm to Take Over Loan Services
Apple has announced the discontinuation of its Apple Pay Later service, confirming to TechCrunch that it will no longer accept new loans. This decision comes as the tech giant prepares…
Uncertain Drivers Behind Steep Decline as Major Altcoins See Double-Digit Drops
The cryptocurrency markets plunged into turmoil on Monday, witnessing significant declines across numerous altcoins, with some dropping more than 10%. Despite the pronounced downturn, industry analysts have struggled to pinpoint…
Apple Faces Lawsuit Over Alleged Gender-Based Pay Discrimination
A lawsuit filed this week in California alleges that Apple has engaged in discriminatory pay practices, specifically underpaying female employees based on a system that predates 2017. The legal action…
Malaysia Intensifies Crackdown on Crypto Tax Evasion with Operation “Ops Token”
In a strategic move to curb tax evasion in the cryptocurrency sector, Malaysia’s Inland Revenue Board (IRB) has launched “Ops Token,” a special operation targeting tax revenue leakage from crypto…
New South Korean Law Mandates Regular Review of Token Listings on Crypto Exchanges
The Financial Services Commission (FSC), South Korea’s financial regulator, has issued directives to 29 registered cryptocurrency exchanges, including major platforms like Upbit, Bithumb, Coinone, Korbit, and Gopax. These exchanges must…
Remilia Hacker Transfers $4.3 Million in Stolen Crypto to Tornado Cash
The hacker behind the $4.3 million exploit of Remilia DAO has funneled the stolen funds through Tornado Cash, a notorious cryptocurrency mixer, according to recent blockchain analysis. Details of the…
No More AI Chatbot Orders at McDonald’s Drive-Thrus
McDonald’s is discontinuing its AI-driven drive-thru ordering experiment, previously conducted in partnership with IBM. The fast-food giant informed its franchisees that the AI program will conclude by July 26th, 2024,…
zkSync Defends Sybil Protection Measures Amid Binance’s Own ZK Token Airdrop
As the Ethereum zero-knowledge layer-2 scaling platform zkSync prepares for its highly anticipated ZK token airdrop on June 17, the team continues to address concerns and criticisms regarding its airdrop…
Ethereum Scaling Ecosystem Reaches Record-High TPS, Driven by Layer-3 Solutions
The Ethereum ecosystem has reached a new milestone in transactions per second (TPS), largely due to a significant increase in activity on a lesser-known Ethereum layer-3 solution. On June 16,…
Former House Speaker Advocates for Stablecoins to Bolster U.S. Financial Strength Against China
Paul Ryan, the former Speaker of the U.S. House of Representatives, has argued that dollar-pegged stablecoins could be a vital tool for addressing the looming U.S. debt crisis and maintaining…
SEC Rejects Ripple’s Plea for Reduced Penalty in Ongoing Legal Battle
The United States Securities and Exchange Commission (SEC) has strongly opposed Ripple Labs’ recent request for a reduced financial penalty, asserting that the company’s proposed $10 million settlement is significantly…
Dave Burke Steps Down as VP of Engineering at Android
Dave Burke, the long-serving Vice President of Engineering at Android, has announced his decision to step down after 14 years in the role. Burke, however, will not be leaving Alphabet,…
Artifact Reborn in Yahoo’s Latest AI-Driven News App
Yahoo has officially unveiled a new AI-powered news application, integrating technology from the previously acquired Artifact app. Artifact, a project initiated by Instagram co-founders Kevin Systrom and Mike Krieger, has…
Unigrid to Roll Out Safer, More Affordable Sodium-Ion Batteries
Unigrid, spearheaded by co-founder and CEO Darren Tan, is pioneering an innovative approach to battery technology with its development of sodium-ion batteries as a cost-effective and safer alternative to the…
Trezor Enhances Self-Custody with New Onboarding Service and Advanced Hardware Wallet
Leading hardware cryptocurrency wallet provider Trezor is tackling the challenge of crypto usability by introducing Trezor Expert, a personalized onboarding service, and unveiling its latest hardware wallet, the Trezor Safe…
Swiss Regulator Orders Crypto-Friendly FlowBank into Bankruptcy
The Swiss Financial Market Supervisory Authority (FINMA) has announced the forced closure and bankruptcy of FlowBank, a Swiss online bank known for its cryptocurrency trading services. This decision comes after…
US Judge Approves Terraform Labs’ $4.5 Billion Settlement with SEC
In a significant legal decision, a United States district court judge has approved a $4.5 billion settlement agreement between Terraform Labs, its co-founder Do Kwon, and the Securities and Exchange…
Taiwan Forms Association to Promote Self-Regulation in the Crypto Industry
A coalition of cryptocurrency companies has come together to form the Taiwan Virtual Asset Service Provider (VASP) Association, aiming to establish self-regulatory standards for the digital asset sector in Taiwan.…