DMR News

Advancing Digital Conversations

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…

MonoSwap Suffers Security Breach, Urges Users to Halt Deposits and Withdraw Funds

MonoSwap, a decentralized exchange and staking platform, disclosed on July 24 that it had fallen victim to a malicious hack. The platform has issued an urgent advisory to its users,…

Waymo Gains $5 Billion Support from Alphabet

Alphabet will invest up to $5 billion in its self-driving subsidiary, Waymo, over the next few years. This announcement was made by Alphabet CFO Ruth Porat during the company’s second-quarter…

Chinese AI Video Model Allegedly Censors Politically Sensitive Content

A new video-generating AI model named Kling, developed by Beijing-based Kuaishou, is now widely accessible. However, it appears to censor politically sensitive topics linked to its country of origin, China.…

Biden’s Withdrawal from Presidential Race Spurs Temporary Bitcoin Recovery to $68K

The recent announcement by U.S. President Joe Biden that he will not seek re-election in the 2024 Presidential race had an immediate, albeit brief, impact on Bitcoin’s market value. This…

LG Energy Solution Lowers Earnings Forecast Amid Sluggish EV Demand; Shares Plummet

South Korean battery manufacturer LG Energy Solution (LGES) has issued a warning about a revenue decline for this year, projecting a drop of over 20%. The company attributes this decline…

Kraken Completes Distribution of Mt. Gox Bitcoin Without Significant Selling Activity from Creditors

Crypto exchange Kraken has officially concluded the distribution of Bitcoin and Bitcoin Cash to creditors of the defunct Mt. Gox exchange, as announced by Kraken’s CEO, Dave Ripey. This marks…

Elon Musk Reschedules Tesla Robotaxi Unveiling to October 10

Elon Musk announced a new date for unveiling Tesla’s “robotaxi” prototype, now set for October 10, after delaying the original reveal planned for August 8. Musk indicated that the delay…

Worldcoin Refutes Allegations of Insider Trading and Market Manipulation

Worldcoin has recently found itself at the center of controversy following claims of insider trading and price manipulation concerning its cryptocurrency, the Worldcoin (WLD) token. These allegations have sparked a…

Telegram Surpasses 950 Million Users, Announces Plans for New App Store Launch

Messaging app Telegram has reached 950 million active users, with the company’s founder Pavel Durov announcing plans to surpass the 1 billion mark by the end of this year. Durov…

Indian Finance Minister Overlooks Crypto Tax Reduction Requests in 2024 Budget

During the presentation of the 2024 Union Budget on July 23, Indian Finance Minister Nirmala Sitharaman made no mention of cryptocurrencies, leaving the existing taxation structure unchanged. This decision was…

Trump Campaign Challenges Harris’ Claim to Biden’s Campaign Funds

The campaign of Republican presidential candidate Donald Trump has lodged a formal complaint with the Federal Election Commission (FEC), contesting the legality of Vice President Kamala Harris assuming control of…

Mattel Reveals New Barbie Project Friendship Game

Mattel, in collaboration with Outright Games, has announced the upcoming release of Barbie Project Friendship, an adventure game celebrating the 65th anniversary of Barbie. The game, available from October 25th,…

Grayscale Moves $1 Billion in ETH to Coinbase in Preparation for Ether ETF Debut

On July 22, Grayscale, a leading digital asset manager, transferred $1 billion worth of Ether to Coinbase. This significant move aligns with the company’s preparations for the anticipated launch of…

Baidu’s Robotaxi Vision Faces Scrutiny Despite Recent Stock Surge

China’s rapid adoption of autonomous driving technology is not generating the expected optimism for Baidu Inc., as analysts struggle to identify a new growth catalyst for the company. Baidu’s shares,…

Hex Trust Secures Preliminary Approval for Payment Institution License in Singapore

Hex Trust, a leading digital asset custodian, has achieved a significant regulatory milestone by obtaining in-principle approval from Singapore’s financial regulator for a major payment institution (MPI) license. This development…

DeepL Expands AI Translation Services with Traditional Chinese Launch in Asia

German artificial intelligence translation startup DeepL has launched traditional Chinese as a language option, aiming to expand its footprint in Asia. DeepL, valued at $2 billion, focuses on providing translation…

Mt. Gox Distributes $335 Million in Bitcoin to Bitstamp and an Unidentified Wallet

Mt. Gox, the cryptocurrency exchange that famously collapsed in 2014, continues its long process of reimbursement by transferring a substantial amount of Bitcoin to the exchange Bitstamp and another unknown…

Boeing and NASA Conclude Ground Tests on Starliner Thruster, Review Data Before Crew Return

Boeing and NASA engineers have completed ground tests on the Starliner Reaction Control System (RCS) thruster. They aimed to figure out what went wrong during the spacecraft’s flight in early…