DMR News
Advancing Digital Conversations
US Regulator Imposes $150K Fine on Crypto Fund for Unauthorized Bitcoin Loan
On August 20, the National Futures Association (NFA), a regulatory body overseeing the United States derivatives market, concluded a significant enforcement action against the cryptocurrency fund Ikigai Strategic Partners. The…
Shein Accuses Temu of Copyright Infringement and Counterfeiting
Shein has filed a comprehensive lawsuit against its rival Temu, accusing the fast-fashion retailer of engaging in widespread copyright infringement, counterfeiting, and intellectual property theft. This legal action, taken in…
CZ and Binance Confront New Lawsuit Over Allegations of Facilitating Crypto Laundering
Binance and its former CEO, Changpeng “CZ” Zhao, are embroiled in a new legal challenge as they face a class-action lawsuit initiated by three cryptocurrency investors. These plaintiffs claim that…
India’s Tollbooth Automation Enhanced by Nvidia’s Accelerated Computing
India is leveraging Nvidia’s accelerated computing technology to tackle the challenge of tollbooth traffic, which affects a road network stretching over four million miles across 1,000 tollbooths. The Indian road…
China’s Supreme Court Updates Anti-Money Laundering Law to Encompass ‘Virtual Assets’
China’s top legal authorities have taken a major step in the regulation of digital currencies by updating the country’s Anti-Money Laundering (AML) laws to formally recognize “virtual asset” transactions. This…
Authors File Class-Action Lawsuit Against Anthropic
Anthropic, an AI startup backed by Amazon, is now facing a class-action lawsuit in California federal court, with allegations of copyright infringement at the core of the case. Authors Accuse…
OpenAI Announces Content Partnership with Condé Nast
OpenAI has announced a partnership with Condé Nast, allowing its AI-powered products, such as ChatGPT and SearchGPT, to feature and display content from several of Condé Nast’s prominent publications, including…
SleekFlow Secures $7M to Expand Conversational AI in Asia
SleekFlow, a social commerce platform with headquarters in Singapore and Hong Kong, has secured an additional $7 million in funding to further develop its conversational AI suite for customer engagement…
Zoom Now Supports Up to One Million Attendees Following Large Political Fundraisers
Zoom has significantly increased its capacity for webinar calls, now allowing up to one million simultaneous participants, following a series of massive fundraising events held to support Vice President Kamala…
Cyber Incident Affects Microchip Technology’s Business Operations
Microchip Technology has disclosed a cyber incident involving an “unauthorized party” that has disrupted some of its servers and affected business operations. This latest security breach adds to the series…
Bitcoin Demand Experiences Significant Decline Since April — CryptoQuant Analysis
According to a recent report by CryptoQuant dated August 20, the demand for Bitcoin has been on a downward trajectory since April, with recent weeks nearing negative levels. This decline…
Nigerian SEC Set to Issue Licenses for Cryptocurrency Platforms Amid Market Expansion
The Nigerian Securities and Exchange Commission (SEC) is poised to issue licenses to cryptocurrency exchanges, marking a significant development in the regulatory framework for digital assets within the country. This…
Bitcoin Mining Costs Soar by 168% as Capacity Expands
BitFuFu, a cloud mining company affiliated with Bitmain, has recently unveiled its unaudited financial and operational report for the second quarter of 2024, which concluded on June 30. The report…
Tether Issues an Additional $1 Billion USDT on the Tron Network
In a significant move to bolster its stablecoin reserves, Tether has recently minted an additional $1 billion USDT tokens on the Tron network. This latest issuance has raised the total…
Michelle Obama Challenges Trump: The Position He Seeks Could Be ‘One of Those Black Jobs’
Eight years after Michelle Obama captivated the Democratic National Convention with her call to “go high” when others “go low,” the former First Lady has taken a sharper tone in…
Amazon UK Warehouses See 1,400 Ambulance Callouts in a Five-Year Span
Amazon’s UK warehouses have experienced over 1,400 ambulance callouts within the past five years, raising significant concerns about safety at the company’s facilities. Data obtained by the Observer reveals that…
TP-Link Under Scrutiny as US Lawmakers Raise Spying Fears
US lawmakers are urging the Department of Commerce to investigate Wi-Fi router vendor TP-Link over concerns that the Chinese government could potentially exploit the company’s products for spying purposes. Representatives…
Waymo Prepares for Colder Climates with 6th-Gen Autonomous Tech
Waymo has unveiled its sixth-generation autonomous driving system, designed to enhance the capabilities of its robotaxi service by operating efficiently in harsher climates and more complex traffic conditions. This significant…
Employees at South Korean Crypto Exchange Earn More Than Major Bank Staff
Employees and executives of Dunamu, the operator of the Upbit cryptocurrency exchange, are earning higher average salaries than their counterparts at some of South Korea’s largest banks. According to data…
Amazon’s Prime Air Drones Face Backlash Over Noise in Texas Town
Residents of College Station, Texas, are urging the FAA to address the noise pollution caused by Amazon’s Prime Air delivery drones. As Amazon tests its MK-27 drones in the area,…