DMR News
Advancing Digital Conversations
Crypto Adoption Higher Among Underbanked in U.S., According to FDIC
In 2023, cryptocurrency usage was more prevalent in “underbanked” households in the United States than those fully integrated into the banking system, according to a report released by the Federal…
Japan Launches $65 Billion Boost for Domestic Chip and AI Sectors
Japanese Prime Minister Shigeru Ishiba announced a $65 billion plan to support Japan’s semiconductor and artificial intelligence sectors through subsidies and financial incentives. The initiative, targeting domestic chip production, aims…
TSMC and GlobalFoundries Set to Receive Final Chips Act Awards, Sources Say
Taiwan Semiconductor Manufacturing Co. (TSMC) and GlobalFoundries, along with another unnamed chipmaker, are reportedly set to receive their final awards under the U.S. Chips and Science Act. The Commerce Department…
TikTok Awaits Trump’s Next Move on Potential U.S. Ban
Donald Trump is reportedly expected to challenge a potential U.S. ban on TikTok as a critical January deadline approaches. The ban would compel TikTok’s Chinese parent company, ByteDance, to divest…
Trump to Nominate South Dakota Governor Kristi Noem as Homeland Security Secretary
Donald Trump, following his presidential election victory, plans to nominate Governor Kristi Noem of South Dakota as the Secretary of the Department of Homeland Security, according to insiders. This decision…
Grab raises 2024 revenue forecast as holiday demand surges
Singapore’s Grab Holdings raised its revenue forecast for fiscal 2024, signaling expectations of strong performance in its food delivery and ride-hailing sectors, particularly during the holiday season. The Southeast Asian…
Trump Names Musk and Ramaswamy to Lead Government Efficiency Group
President-elect Donald Trump announced Tuesday that he has chosen Elon Musk, CEO of Tesla and SpaceX, and former Republican candidate Vivek Ramaswamy to spearhead a new Department of Government Efficiency…
Huawei demands dismissal of US charges in alleged tech theft case
Huawei Technologies is seeking to dismiss a substantial portion of the criminal charges it faces in the United States. The Chinese telecommunications giant filed a motion in a Brooklyn federal…
Other Factors Beyond Trump’s Win Propel Bitcoin’s Surge, Analysts Say
While Donald Trump‘s presidential election victory in the United States has certainly played a role in Bitcoin’s recent price surge, experts argue that this is not the primary driver. Jesse…
Crypto Market Cap Reaches $3.1 Trillion, Poised to Outpace France’s GDP
On November 11, the total capitalization of the cryptocurrency market reached an unprecedented high of $3.12 trillion, nearing the size of France’s gross domestic product (GDP). This surge represents a…
Nano Labs, a Nasdaq-listed Chinese Crypto Mining-Chip Designer, Announces Bitcoin Payment Acceptance
On November 11, Nano Labs, a crypto mining-chip designer based in Hangzhou and listed on Nasdaq, announced it will begin accepting Bitcoin as a form of payment. This decision is…
Amazon Developing AR Glasses to Speed Up Deliveries
Amazon is developing a new line of smart glasses, codenamed “Amelia,” designed to help its delivery drivers shave seconds off delivery times, according to sources speaking with Reuters. These augmented…
FTX Bankruptcy: Two Years Later and Current Developments
On November 11, 2022, Sam Bankman-Fried stepped down as CEO of FTX, handing the reins to John Ray who immediately filed for Chapter 11 bankruptcy protection for the company in…
Overwatch 2 Goes Full Nostalgia Mode with 6v6 Classic Event
Blizzard’s got Overwatch 2 players time-traveling back to 2016 with a limited-time “Overwatch: Classic” event. Kicking off on November 12, this three-week mode revives the game’s original 6v6 format, along…
Shein and Temu Must Comply with Vietnam’s New Registration Rule
Vietnam’s government has announced that Chinese online retail platforms Shein and Temu must register with local authorities by the end of November or face potential blocks on their internet domains…
Republicans Secure Congressional Majority as Trump Prepares for Second Term
The Republican Party is on track to maintain control of the United States House of Representatives, solidifying its grip on the federal government following significant wins in the Senate and…
South Korea’s Ruling Party Backs Chipmakers to Counter Trump’s Trade Threat
South Korea’s ruling party introduced a bill on Monday to provide subsidies and lift restrictions on working hours for chipmakers, aiming to counter potential risks tied to measures proposed by…
Elon Musk’s Wealth Soars by $70 Billion Following Trump Victory
Elon Musk, the prodigious CEO of Tesla and SpaceX, has witnessed an extraordinary surge in his net worth, swelling by approximately $70 billion following Donald Trump’s election victory. This phenomenal…
Coinbase Share Price Reaches $300 for First Time Since 2021
On November 11, shares of Coinbase Inc. (COIN) surged over 20%, crossing the $300 mark for the first time since 2021. This significant rise in share price is part of…
Post-Election Surge Drives $1.98 Billion into Crypto Investment Products
Last week, the cryptocurrency market witnessed a substantial inflow of investments, influenced by the post-election momentum. From November 3 to November 9, crypto investment products attracted $1.98 billion, pushing global…