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Google Launches Its Dunant Subsea Cable Between The US And Europe

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With Elon Musk’s Starlink satellites quickly filling up Earth’s orbit and promising low latency, broadband internet access to people living in the most remote corners of the world, it’s easy to forget that physical cables stretched across the ocean floor are still indispensable information super-highways.

Google, in partnership with telecommunications equipment company SubCom, has just announced the completion of one such super-highway between the United States and Europe. Called Dunant, this privately-owned subsea cable spans almost 4,000 miles (6,400 km) from Virginia Beach in the US to Saint-Hilaire-de-Riez, France, offering record-breaking data transfer capacity of 250 terabits per second (Tbps).

google dunant cable

Submarine Cable Map

“We’re thrilled to say bonjour to the Dunant submarine cable system, which has been deployed and tested and is now ready for service,” writes Chris Ciauri, Google’s President for EMEA, in a blog post.

“The historic landing was made possible in partnership with SubCom, a global partner for undersea data transport, which engineered, manufactured, and installed the Dunant system on schedule despite the ongoing global pandemic.”

The two companies decided to name the subsea cable after Henry Dunant, a Swiss humanitarian, businessman, and social activist who received the first Nobel Peace Prize (together with Frédéric Passy) in 1901.

Google first announced the project in 2018 and expected to complete it in late 2020. The delay was caused by the COVID-19 pandemic. The tech giant, whose recent record quarterly revenues were largely caused by soaring cloud sales, is also working on a subsea cable between Portugal and South Africa, called Equiano.

Also Read: UAE Hope Probe To Go Into Orbit Around Mars This Week

“This new cable is fully funded by Google, making it our third private international cable after Dunant and Curie, and our 14th subsea cable investment globally,” stated Michael D. Francois, Tech Lead Manager of Global Network Infrastructure at Google. “Equiano will be the first subsea cable to incorporate optical switching at the fiber-pair level, rather than the traditional approach of wavelength-level switching.”

Both Dunant and Equiano are part of Google’s ongoing effort to improve its cloud network infrastructure and offer better reliability, speed, and security to its customers.

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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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