DMR News
Advancing Digital Conversations
DMR TV
Foxconn Commits $138 Million to Establish New Business Headquarters in China
Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, announced on Wednesday its plans to invest 1 billion yuan ($137.5 million) to construct a new business…
Reddit Strikes New Deals with Top Sports Leagues
Reddit is enhancing its platform with more sports content through agreements with major leagues, including the National Basketball Association (NBA) and the National Football League (NFL), to attract increased advertising…
HIVE Digital Technologies Initiates Expansion into Paraguay
HIVE Digital Technologies, a prominent Bitcoin mining company, has announced its ambitious plans to establish a 100-megawatt mining facility in Paraguay. This move marks the company’s first foray into the…
Nvidia Approves Samsung’s HBM3 Chips for China-Market Processors
Samsung Electronics’ fourth-generation high bandwidth memory (HBM3) chips have been approved by Nvidia for use in its processors for the first time, according to three individuals familiar with the situation.…
Paraguay’s Miners Appeal to National Electricity Provider to Rethink Imminent Rate Increase
On July 19, Paraguay’s national electricity provider, Administración Nacional de Electricidad (ANDE), confirmed the continuation of a planned electricity price increase for legal cryptocurrency miners set to commence on August…
GM’s Cruise Scraps Origin Robotaxi, Faces $583 Million Charge
GM’s self-driving subsidiary, Cruise, has abandoned its plans to build the Origin robotaxi, opting instead for the next-generation Chevrolet Bolt. This decision aims to simplify scaling and address regulatory uncertainties.…
CrowdStrike’s Share Value Plummets 13% Following Major IT Outage
CrowdStrike Holdings Inc. experienced a significant decrease in share price, falling 13% on Monday. This decline followed a catastrophic global computer outage initiated by a problematic software update on July…
Google Reverses Plan to Eliminate Chrome Cookies
Google has decided to keep third-party cookies in its Chrome browser, changing its previous plan to remove them by early 2025. This decision comes after concerns from advertisers, who rely…
Asset Manager Discusses Potential for Bitcoin as U.S. Strategic Reserve Under Trump Administration
Amidst evolving economic landscapes and political discourses, the conversation around Bitcoin’s integration into national treasury systems has gained significant momentum. Recently, asset manager Bryan Courchesne appeared on CNBC to discuss…
Illustrator and Photoshop Get Boost with Adobe’s Firefly AI Tools
Adobe has introduced new Firefly AI tools for Photoshop and Illustrator on Tuesday, July 23, making it easier for graphic designers to use AI for creating textures and images. These…
Biden Passed the Torch Slowly, Holding On Until It Finally Fell Apart
President Joe Biden‘s decision to not seek reelection marked a poignant moment in U.S. politics, underpinned by a series of private reflections and public pressures that led to his withdrawal.…
Samsung Electronics and Union Talks End in Stalemate
Samsung Electronics and representatives of its largest workers’ union in South Korea, currently on strike, met on Tuesday, but the talks ended without results, according to the union. Ongoing Strike…
Cohere Secures $500M Funding to Challenge Leading Generative AI Competitors
Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $500 million from investors including Cisco, AMD, and Fujitsu. The new funding round also saw participation from Canadian pension…
Mt. Gox Initiates $3.2 Billion Bitcoin Outflow Within Two Hours
On July 23, Mt. Gox, the now-defunct cryptocurrency exchange, made headlines once again by transferring a substantial amount of Bitcoin, totaling nearly $3.2 billion, to two undisclosed addresses early in…
SoftBank CEO Unveils Revolutionary Vision for Self-Driving Cars
Masayoshi Son, the visionary leader of SoftBank, is setting his sights on a new frontier: self-driving cars. Known for his bold investments and transformative ideas, Son is now working on…
U.S. Spot Ethereum ETFs Scheduled to Start Trading on July 23
The financial landscape for cryptocurrencies is set to change significantly with the launch of spot Ether exchange-traded funds (ETFs) in the United States, slated for July 23. This follows the…
Seoul Court Issues Arrest Warrant for Kakao Founder
A Seoul court has issued an arrest warrant for Brian Kim, the founder of South Korean internet giant Kakao, on allegations of stock price manipulation related to the company’s takeover…
Crypto Policy Prospects Under Potential Harris Vice Presidents
As the 2024 U.S. Presidential Election approaches, Vice President Kamala Harris stands as a prominent candidate to secure the Democratic nomination, especially with endorsements from President Joe Biden and other…
Wiz Declines Google’s $23 Billion Offer, Plans for IPO
Wiz has decided to reject a $23 billion acquisition offer from Google, choosing to pursue an initial public offering (IPO) instead. CEO Assaf Rappaport announced this decision to Wiz’s 1200…
US Dominates as Digital Asset Markets Experience $1.35 Billion Inflow Boost in One Week — CoinShares Report
The last week has witnessed a substantial $1.35 billion inflow into digital asset investment products, as detailed in the latest report by CoinShares. This surge is part of a broader…