DMR News

Advancing Digital Conversations

Republican Senator Withdraws Support for Elizabeth Warren’s Anti-Crypto Bill

United States Senator Roger Marshall, a Republican, has officially withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a notable anti-cryptocurrency bill he co-sponsored with Democratic Senator Elizabeth…

Toyota Announces Plans for New EV Battery Plant to Power Future Lexus Models, Reports Nikkei

Japan’s Toyota Motor Corporation is planning to build a new battery plant for electric vehicles (EVs) in Fukuoka, located in the southwestern region of Japan. The Nikkei business daily reported…

SK Hynix Announces $6.8 Billion Chip Plant in South Korea, Boosting Nvidia Supply Chain

Memory chip giant SK Hynix announced on Friday plans to invest 9.4 trillion Korean won ($6.8 billion) in constructing a new semiconductor manufacturing plant. The new facility, known as a…

IBM Boosted by Growing Demand for Software and AI Despite Decline in Consulting

IBM has exceeded analysts’ expectations for its second-quarter revenue and increased its annual growth forecast for its software division, benefiting from a surge in AI-related spending by clients eager to…

Elon Musk Rejects Claims of $45 Million Monthly Donation to Trump

Elon Musk has firmly denied claims that he is donating $45 million per month to support Donald Trump. This statement comes after the Wall Street Journal reported Musk’s alleged monthly…

Meta Shuts Down 63,000 Instagram Accounts Linked to Sextortion Scams

Meta has recently removed 63,000 Instagram accounts linked to sextortion scams, primarily targeting American men. This action is part of a larger effort to combat such scams on the platform.…

Ethereum ETF Launch Triggers Market Sell-Off, Forecasts Further Declines: 10x Research Analysis

The debut of spot Ether exchange-traded funds (ETFs), initially met with market optimism, quickly catalyzed a sell-off, significantly impacting Ether’s price. This reaction is part of a recurring trend observed…

UK School Under Fire for Unlawful Facial-Recognition Use

An English school has faced criticism from the U.K.’s data protection regulator for using facial recognition technology without obtaining explicit consent from students. The incident highlights ongoing concerns about privacy,…

Republicans Criticize FBI Director’s Testimony on Trump’s Alleged Non-Bullet Injury

Recent testimony by FBI Director Christopher Wray has sparked significant political backlash after he suggested that former President Donald Trump may not have been struck directly by a bullet during…

Canadian Women’s Soccer Coach Suspended from Olympic Games Over Drone Incident

The Canadian Olympic Committee (COC) has removed Bev Priestman, the head coach of Canada’s women’s national soccer team, for the remainder of the Paris Games amid allegations of drone spying…

Disney and Warner Bros. Launch New Streaming Bundle, Starting at $16.99/Month

Disney and Warner Bros. Discovery have launched a new streaming bundle in the United States, combining Disney+, Hulu, and Max services. Starting Thursday, July 25, the bundle is available at…

Citi Elevates Coinbase Stock Rating to ‘Buy’ Amid Favorable US Political Developments

Citi, a leading investment bank, has recently upgraded its stock rating for the cryptocurrency exchange Coinbase to ‘buy’ from ‘neutral’, setting a new price target of $345. This adjustment reflects…

US House Approves Bill to Combat Illegal Crypto Activities

The US House of Representatives recently passed a significant piece of legislation aimed at curbing the illicit use of digital assets. Dubbed the Financial Technology Protection Act, this bill received…

OneStream Skyrockets in Market Debut, Boosted by KKR Backing

Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, giving the company a valuation close to $6 billion.…

Coinbase Pursues Legal Action to Obtain SEC Chair Gensler’s Emails Amid Regulatory Dispute

Coinbase, a leading cryptocurrency exchange, has intensified its legal battle with the U.S. Securities and Exchange Commission (SEC) by filing a motion to compel the production of private emails from…

Spain Launches Antitrust Probe into Apple’s App Store

Spain’s competition authority, the Comisión Nacional de los Mercados y la Competencia (CNMC), has initiated an investigation into Apple’s App Store, citing concerns that the tech giant may be imposing…

Vitalik Buterin Unveils Circle STARKs to Enhance Blockchain Efficiency

Ethereum co-founder Vitalik Buterin has recently introduced a groundbreaking cryptographic protocol known as Circle STARKs. This new development promises to enhance both the security and efficiency of blockchain technology significantly.…

Taiwanese Rocket Startup Poised to Test Japan’s Ambitious Space Hub Vision

A Taiwanese startup, TiSpace, is set to become the first foreign company to launch a rocket from Japan by early next year. This initiative is part of a broader strategy…

Revolut Receives UK Banking License After Three-Year Wait

Revolut, the prominent British fintech company, announced on Thursday, July 25 that it has obtained a banking license with restrictions from the U.K.’s Prudential Regulation Authority (PRA). This achievement concludes…

SK Hynix Achieves Record Quarterly Profit in 6 Years, Driven by AI Chip Dominance

SK Hynix, a leading global memory chipmaker, announced that its second-quarter profits have reached the highest level in six years, thanks to its strong position in the advanced memory chip…