DMR News
Advancing Digital Conversations
Strive Asset Management Files for Innovative ‘Bitcoin Bond’ ETF
Strive, an asset management firm founded by Vivek Ramaswamy, has submitted a proposal to U.S. regulators to launch an exchange-traded fund (ETF) that will invest in convertible bonds issued by…
WuXi AppTec Offloads Gene Therapy Unit Amid Rising US Restrictions
WuXi AppTec, a prominent Chinese company listed on the Shanghai Stock Exchange, has announced the sale of its cell and gene therapy manufacturing unit, WuXi Advanced Therapies, to U.S.-based private…
India’s Satellite Constellation Plan Gains Interest from 30 Companies
India’s initiative to establish home-grown Earth observation (EO) satellite constellations has drawn interest from 30 companies, marking a significant step in reducing dependence on foreign data for critical applications like…
Brazil’s Potential Self-Custodial Stablecoin Ban May Spur Decentralization
Brazil is on the brink of a significant regulatory shift with the Banco Central do Brasil (BCB) proposing to ban stablecoin transactions to self-custodial wallets like MetaMask or Trezor. This…
Japan’s Prime Minister Hesitant on Bitcoin National Reserve
Japan’s Prime Minister Shigeru Ishiba has expressed reservations about integrating Bitcoin into the nation’s strategic reserves, highlighting a lack of comprehensive information on how other countries, particularly the United States,…
China’s Dahua Technology Ends Xinjiang Projects
China’s Zhejiang Dahua Technology, a leading video surveillance equipment manufacturer, announced its decision to exit five government projects in the Xinjiang region. According to a filing on Monday with the…
China’s CATL Launches EV Chassis With Safety as the Key Feature
China’s CATL, the world’s largest electric vehicle battery manufacturer, has unveiled an EV chassis designed to prioritize safety. The platform, called “Panshi” (or “Bedrock”), can reportedly endure a frontal impact…
Spotify Denies Drake’s Claims of Boosting Kendrick Lamar’s Streams
Spotify has responded sharply to legal claims by Drake, who alleged the streaming platform and Universal Music Group (UMG) artificially boosted Kendrick Lamar’s track “Not Like Us.” The platform dismissed…
South Korea Imposes Sanctions on 15 North Koreans Linked to Crypto Thefts and Cyber Crimes
Global governments are intensifying their efforts to combat cyber crimes, with North Korean hackers being implicated in a significant portion of cryptocurrency thefts in 2024. These hackers, including members of…
Chinese EV Maker Nio Debuts Firefly Cars to Challenge Mini and Smart
Nio, the Chinese electric vehicle (EV) manufacturer, has unveiled its Firefly-branded small car, designed to compete with BMW’s Mini and Mercedes-Benz’s Smart. The announcement, made by CEO William Li at…
Hertz Offers Renters a Chance to Buy Their EVs
Hertz has begun contacting electric vehicle (EV) renters with offers to purchase their rental cars at prices reflecting its used car sales program. Renters of vehicles such as the Tesla…
Lyft Challenges San Francisco Over $100 Million Tax Dispute
Lyft has accused San Francisco of overcharging $100 million in taxes between 2019 and 2023, claiming the city miscalculated its gross receipts by including driver compensation as part of the…
Singapore and Hong Kong Emerge as Leaders in Blockchain Innovation
Singapore has been declared the global leader in blockchain technology according to a comprehensive study conducted by ApeX Protocol, a multichain liquidity platform. This analysis, which evaluated the world’s foremost…
Growth in China’s Foldable Smartphone Market Slows This Year
China’s foldable smartphone market is losing momentum in shipment growth, according to Counterpoint Research. While the country is projected to account for over half of global foldable handset shipments in…
Hong Kong Advances Stablecoins Bill to Legislative Council
Hong Kong is poised to enhance its regulatory framework for stablecoins as the proposed Stablecoins Bill moves through the legislative process. After being published in the Gazette on December 6,…
Russia Explores Using Bitcoin for International Trade, Finance Minister Reveals
In a recent interview with the state-owned news channel Russia-24 on December 25, Russian Finance Minister Anton Siluanov provided insights into Russia’s active experimentation with digital financial assets (DFAs) for…
White House Investigates Alleged Unfair Practices in China’s Semiconductor Industry
The White House has directed the Office of the US Trade Representative (USTR) to investigate China’s semiconductor industry for potential anti-competitive practices. This move stems from allegations that China’s policies…
Hong Kong AI Model Beats Doctors in Diagnosing Eye Diseases
Researchers at the Chinese University of Hong Kong (CUHK) have developed VisionFM, an artificial intelligence (AI) model that excels in diagnosing and predicting various eye conditions. This AI-driven advancement demonstrated…
Memecoins Dominate Crypto Investor Interest in 2024
This year, memecoins have captivated the cryptocurrency community, securing nearly a third of all investor interest according to a recent study by CoinGecko. As speculative tokens, memecoins have both soared…