DMR News

Advancing Digital Conversations

Robinhood, Kraken, and Paxos Spearhead New Global Dollar Stablecoin Initiative

A consortium of leading cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has announced the launch of a new stablecoin network aimed at promoting the global…

General Motors Secures No. 2 Spot in US EV Market

General Motors (GM) now claims the second spot in US electric vehicle (EV) sales, announcing it sold 32,000 EVs in the third quarter of 2024. The automaker surpassed Ford in…

Singapore Accelerates Asset Tokenization Initiatives with New MAS Frameworks

The Monetary Authority of Singapore (MAS) is making significant strides in the field of asset tokenization, unveiling a comprehensive strategy to enhance the commercial viability of this innovative technology. Through…

Pakistan’s Shift Towards Cryptocurrency Regulation and Potential Introduction of CBDC

On November 4, the State Bank of Pakistan (SBP) outlined a series of policy proposals that could transform the nation’s financial landscape by potentially legalizing cryptocurrencies as legal tender. These…

Indonesia’s INA and Granite Asia Set to Invest $1.2 Billion in Tech

Indonesian sovereign wealth fund INA and Singapore-based venture capital firm Granite Asia have announced plans to invest up to $1.2 billion in Indonesia’s technology sector. The joint investment aims to…

Meta Keeps Political Ad Ban in Place Beyond Election

Meta has extended its ban on new political ads on Facebook and Instagram in the U.S., pushing the restriction past Election Day. The social media giant announced the policy update…

Zodia Custody Seeks $50 Million to Expand Global Crypto Operations

Zodia Custody, an institutional cryptocurrency custody platform co-owned by Standard Chartered, is poised to enhance its global operations with a significant funding initiative. Julian Sawyer, CEO of Zodia Custody, announced…

Cryptocurrency Funds Experience $2.2 Billion Inflows as US Election Nears

As the United States presidential election approaches, the cryptocurrency investment landscape is seeing significant activity, with massive inflows into digital investment products. From October 26 to November 2, these products…

Coinbase Faces Allegations of $300 Million Listing Fees by Justin Sun

Recent allegations have surfaced concerning the practices of some of the world’s largest cryptocurrency exchanges, including Coinbase, involving the charging of exorbitant fees for the listing of new tokens. These…

French Families Sue TikTok Over Harmful Content Claims

Seven French families are taking TikTok to court, accusing the social media giant of exposing their teenage children to content so harmful it led to two suicides. The lawsuit, filed…

Joe Rogan Endorses Donald Trump, Citing Elon Musk’s Influence

In a significant pre-Election Day move, influential podcaster Joe Rogan threw his support behind former President Donald Trump. On Monday evening, Rogan took to his podcast and social media to…

Nvidia and TSMC Gain Market Value in October Amid AI Chip Demand

Nvidia and TSMC saw significant gains in market value in October, driven by sustained demand for artificial intelligence (AI) chips. Nvidia’s market cap surged 9.3% to $3.26 trillion, propelled by…

Yamaha Plans U.S. E-Bike Exit, Slashing Prices to Sell Remaining Inventory

Yamaha Motor Corporation will end its e-bike business in the U.S. by the close of 2024, joining the post-pandemic e-bike market shakeup. The Japanese giant shared the news in a…

Japan Launches World’s First Satellite Made from Wood

The world’s first wooden satellite, LignoSat, developed by Kyoto University and Sumitomo Forestry, launched into space on Tuesday. It marks an early experiment in the use of timber for future…

Over the Garden Wall Returns with a Stop-Motion Anniversary Short

Cartoon Network has just released a new stop-motion short film to celebrate the 10th anniversary of Over the Garden Wall, the beloved animated miniseries that has become a fall tradition…

Chinese Tech Firm DeepRoute.ai Secures $100 Million Investment for Expansion

DeepRoute.ai, a Shenzhen-based autonomous driving tech firm, announced Monday it secured $100 million from a Chinese automaker. The investment aims to accelerate the widespread adoption of its smart driving systems,…

Kraken Debuts Licensed Crypto Derivatives Trading in Australia

Kraken, a leading centralized cryptocurrency exchange, has expanded its international offerings by launching a licensed brokerage service in Australia, tailored for institutional and large-scale investors. This new service is designed…

Potential 10% Bitcoin Price Fluctuation Tied to U.S. Presidential Election Outcome

As the United States gears up for the presidential election on November 5, the cryptocurrency market, particularly Bitcoin, is showing signs of significant volatility. A trader suggests that Bitcoin’s price…

Intel’s AI Chip Ambitions Face Setbacks One Year Later

Intel’s upbeat revenue projections on Thursday masked a significant setback: its AI chips have not lived up to earlier sales expectations. The company, led by CEO Pat Gelsinger, scrapped a…

Perplexity Launches Election Hub for Live Updates

Perplexity, the AI-driven search engine, has unveiled a new Election Information Hub designed to help U.S. voters navigate the complexities of the upcoming general elections. Despite the known risk of…