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Airbus Has Revealed Its CityAirbus NextGen Flying Taxi

During flight, the aircraft makes less than 65 decibels of noise, and the figure increases to just 70 decibels during landing.

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airbus has revealed its cityairbus nextgen flying taxi
Airbus

Nobody likes to sit in traffic, especially not people who can afford to hire their own private jet, and that’s exactly who Airbus is targeting with its next-generation CityAirbus, an electric vertical take-off and landing aircraft (eVTOL) offering for the emerging urban air mobility (UAM) market.

The European multinational aerospace corporation has recently unveiled the new aircraft at its first summit on “Pioneering Sustainable Aerospace”. The CityAirbus NextGen incorporates lessons learned from the design and test operation of the original CityAirbus and the single-seat, tilt-wing Vahana.

airbus cityairbus nextgen side view

It has six electrically powered lifting propellers and two additional electrical propellers on its V-shaped tail for cruise flight, the phase of flight between climb and descent. Airbus claims that it can cover a distance of 80 kilometers (50 miles) at a cruise speed of 120 km/h (75 mph) while carrying up to four passengers. During flight, the aircraft makes less than 65 dB(A) of noise, and the figure increases to just 70 dB(A) during landing.

“The CityAirbus NextGen meets the highest certification standards (EASA SC-VTOL Enhanced Category),” states Airbus in the official press release. “Designed with simplicity in mind, CityAirbus NextGen will offer best-in-class economic performance in operations and support”.

Also Read: Mercedes Concept EQG Electric G-Class Revealed In Munich

Airbus is aware that far more obstacles besides those that can be solved with innovative technology will need to be overcome for the new urban air mobility market to flourish. That’s why the CityAirbus NextGen will initially be piloted by a real human pilot. Once the technology and operational framework for self-flying aircraft are established, Airbus would like the aircraft to operate autonomously.

How long that will take to happen is something even industry experts can’t reliably predict, especially not on a global scale. What’s certain is that flying across major cities won’t be something anyone besides one-percenters will be able to afford for a long time — and maybe never.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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