DMR News
Advancing Digital Conversations
Stablecoin Transfer Volume Surges 16-Fold Over Past Four Years
The use of stablecoins has surged dramatically over the past four years, marking a significant milestone in the adoption of cryptocurrencies and their integration into the global financial ecosystem. Surge…
The language learning app Speak raises a huge $20 million and doubles its valuation.
San Francisco, CA – Speak, an AI-powered language learning app, has seen remarkable growth since its launch in South Korea in 2019. The app, designed to enhance language proficiency through…
Meta Opens Threads API to All Developers
Meta has officially made the Threads API available to all developers, marking a significant expansion in the tools accessible to those looking to integrate with Meta’s platforms. Initially introduced in…
Bitwise Amends Ethereum ETF Filing; Pantera Signals Potential $100M Investment
Bitwise Asset Management has revised its Form S-1 registration statement for a spot Ether exchange-traded fund (ETF), highlighting a potential substantial investment from Pantera Capital Management. According to the filing…
PayPal Ventures leads a $20M investment in Gynger, facilitating ‘buy now, pay later’ options for tech purchases.
New York – Gynger, a platform specializing in providing capital to companies for technology purchases, has secured $20 million in a Series A funding round led by PayPal Ventures, as…
EU Delays Decision on Scanning Encrypted Messages
European Union officials have postponed discussions on a controversial proposal that could mandate messaging platforms like WhatsApp, Messenger, and Signal to scan uploaded images and links to detect child sexual…
Nomura Crypto Arm Laser Digital Bags Abu Dhabi License
Nomura’s cryptocurrency subsidiary, Laser Digital, has achieved a significant milestone in its expansion strategy by securing a broker license in the Abu Dhabi region. This license, granted by the Financial…
Former OpenAI Chief Scientist Ilya Sutskever Starts New AI Company
Ilya Sutskever, co-founder and former chief scientist of OpenAI, is launching a new AI venture named Safe Superintelligence Inc. (SSI). This startup is singularly focused on developing a safe and…
LandBridge Signals Interest in Crypto Miners Amid $320M IPO Launch
LandBridge, a prominent U.S. company specializing in the acquisition of extensive land areas for oil and gas production, has unveiled a forward-looking strategy that includes courting cryptocurrency miners. This announcement…
Singaporean workers are global leaders in using generative AI at work
Singapore – In a groundbreaking revelation, a global survey conducted by UiPath, a leading business automation company, has highlighted Singaporean Millennials and Gen Z workers as pioneers in the adoption…
Iran to Launch Public CBDC Pilot in June
Iran’s Central Bank (CBI) is gearing up to introduce its national digital currency, the digital rial, in a public pilot aimed at enhancing domestic micropayments. Launch of the Digital Rial…
Tencent Pulls DnF Mobile from Huawei, Oppo, and Vivo App Stores
Tencent Holdings has withdrawn its newly released game, Dungeon & Fighter (DnF) Mobile, from the app stores of Huawei Technologies, Oppo, and Vivo due to the expiration of their contracts.…
North Dakota Becomes Latest State to Revoke Binance.US License
North Dakota’s Department of Financial Institutions (DFI) has revoked the money transmitter license of Binance.US, the American branch of the global cryptocurrency exchange Binance. This move, announced by DFI Commissioner…
AMD drives the latest AI-enabled smart parking solution in Singapore
Singapore – AMD has collaborated with Sun Singapore Systems Pte. Ltd., a prominent provider of smart parking solutions in Singapore, to unveil an innovative AI-powered parking system. Leveraging AMD Zynq…
SEC Ends Investigation into Ethereum’s Status — Consensys Announces
The United States Securities and Exchange Commission (SEC) has officially concluded its investigation into whether Ether (ETH), the cryptocurrency associated with the Ethereum network, qualifies as a security. This significant…
Amazon Faces Hefty Fine for California Labor Law Violations
Amazon is facing a hefty fine of nearly $6 million from the California Labor Commissioner for not properly informing its warehouse workers about their expected work quotas. The $5,901,700 penalty…
Brazilian Tax Authority to Seek Detailed Information from Foreign Crypto Exchanges: Report
Brazil’s Federal Revenue Authority, known as Receita Federal do Brasil (RFB), is poised to request detailed information from foreign cryptocurrency exchanges operating within the country. This initiative aims to ensure…
Apple’s AI Journey in China: Navigating Complex Challenges Ahead
Apple’s expansion into artificial intelligence (AI) is hitting significant hurdles in China, one of its most vital markets. The country’s stringent AI regulations and a competitive local smartphone industry pose…
EU’s Chat Control Law Could Break Privacy With Encrypted Message Scans
The European Union is currently considering a contentious law known as the chat control law, which aims to combat child sex abuse material (CSAM) by mandating the scanning of encrypted…
Coinbase Executive Highlights Need for Greater Political Engagement on Crypto in Canada
Lucas Matheson, the country director for cryptocurrency exchange Coinbase in Canada, provided insightful commentary on the state of crypto regulation during the Collision conference in Toronto on June 18. Matheson…