DMR News
Advancing Digital Conversations
China Implements Stricter Forex Rules to Monitor Crypto Transactions
China’s foreign exchange regulator has introduced stringent forex regulations that compel banks to intensify scrutiny of risky trades, particularly those involving cryptocurrencies. Reported by the South China Morning Post on…
Nvidia Adds $2 Trillion in Market Value in 2024
Nvidia surged to the forefront of market capitalization gains in 2024, with its value climbing over $2 trillion, driven by unprecedented demand for its AI-focused chips. The company’s market value…
Alipay Adds AI Image Search to Expand Its Super App Capabilities
Alipay has rolled out a new artificial intelligence-powered image search feature, solidifying its status as a leading super app in China. This feature, known as “Tanyixia” or “do a little…
ByteDance Reportedly Finding Loopholes to Acquire Nvidia Chips Despite U.S. Restrictions
ByteDance, the parent company of TikTok, reportedly plans to spend $7 billion on Nvidia AI chips in 2025. According to The Information, the move could position ByteDance as one of…
IRS Temporarily Suspends Automatic FIFO Rule for Crypto Transactions
The U.S. Internal Revenue Service (IRS) has provided temporary relief from a rule that would have automatically assigned a potentially disadvantageous accounting method for cryptocurrency holders on centralized exchanges. Previously,…
Hive Digital to Relocate Headquarters to Texas Amid Favorable Crypto Climate
Hive Digital Technologies, a prominent Bitcoin mining firm, announced on December 31 its plans to relocate its headquarters from Vancouver, Canada, to Texas, motivated by the incoming Trump administration’s supportive…
Beijing Plans to Boost Driverless Vehicle Adoption in the Capital
China’s capital, Beijing, is setting the stage for a driverless future. On December 31, the city passed regulations to promote autonomous driving technology, aiming to eventually introduce driverless public buses…
Las Vegas Explosion Near Trump Hotel Linked to Fireworks in Cybertruck, Leaves One Dead and Seven Injured
A Tesla Cybertruck explosion outside the Trump International Hotel in Las Vegas early New Year’s Day left one person dead and seven others injured, Las Vegas Metropolitan Police Department (LVMPD)…
Push to Include Bitcoin in Swiss National Bank’s Reserves Gains Momentum
On the last day of December, the Swiss Federal Chancellery began processing a significant proposal that, if successful, could integrate Bitcoin into the Swiss National Bank‘s (SNB) strategic reserves. This…
UK Antitrust Watchdog Investigates IBM’s HashiCorp Acquisition
The UK’s Competition and Markets Authority (CMA) has launched a formal review of IBM’s proposed $6.4 billion acquisition of cloud software provider HashiCorp. The investigation aims to assess whether the…
Potential Conflicts Abound as Billionaires Populate Trump’s Administration
President-elect Donald Trump is assembling an administration filled with billionaires and industry magnates, a move that brings considerable business acumen but also a host of potential conflicts of interest. This…
Apple TV+ Offers Free Streaming This Weekend
Apple TV+ will be free to stream worldwide from January 3 to January 5, giving viewers a chance to explore its catalog of original series and films without a subscription.…
Samsung Electronics Takes Majority Stake in Rainbow Robotics
Samsung Electronics has secured the largest shareholder position in Rainbow Robotics, a South Korean robotics company, as revealed in a regulatory filing on Tuesday. The tech giant acquired a 267…
Major Price Reductions on Huawei’s Premium Devices Shake Up Competition
Huawei Technologies has made aggressive price cuts on a range of high-end devices, including smartphones, foldable phones, tablets, headphones, and smartwatches. The reductions, announced via the company’s official Weibo account…
BYD Factory in Brazil Faces Human Trafficking Controversy
Brazilian labor authorities have alleged that 163 Chinese workers at a construction site for a BYD factory in Bahia are victims of human trafficking. The claims have escalated tensions surrounding…
China Refutes Allegations Following Significant US Treasury Breach
The Chinese government has repudiated claims of involvement in a cybersecurity breach that compromised US Treasury workstations earlier this month, which allowed unauthorized access to “unclassified” documents. On December 30,…
Meta Offers Free Replacements After Software Update Bricks Quest Headsets
Meta is addressing a widespread issue caused by a buggy software update that rendered some Quest 2, Quest 3, and Quest 3S virtual reality headsets unusable. Initially, the company faced…
South Korean Court Approves Arrest Warrant for Impeached President Yoon Suk Yeol
In a historic move, the Seoul Western District Court issued an arrest warrant for South Korea’s President Yoon Suk Yeol, who was recently impeached and suspended from office. This unprecedented…
Nvidia Finalizes $700 Million Acquisition of AI Startup Run:ai
Nvidia has officially completed its $700 million acquisition of Israeli startup Run:ai, a company that helps developers optimize AI hardware infrastructure. The deal faced months of regulatory scrutiny, including a…
MoonPay Gains Regulatory Approval Under EU’s MiCA Legislation in the Netherlands
MoonPay, a prominent player in the cryptocurrency payment sector, announced that it has received official licensing to operate as a regulated crypto business in the Netherlands. This approval aligns with…