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Lamborghini Countach Is Back As A Hybrid, And Nobody Can Buy It Anymore

All 112 units that Lamborghini will produce are sold out, and their owners will receive them in the first quarter of 2022.

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lamborghini countach is back as a hybrid and nobody can buy it anymore
Lamborghini

There’s a handful of cars that virtually all people can recognize, and the original Lamborghini Countach, which was manufactured from 1974 to 1990 is among them. Now, the Italian automobile manufacturer is bringing the ‘80s icon back as a hybrid.

The new version is called the Countach LPI 800-4, and it’s supposed to honor the 50th anniversary of the original release. LPI stands for Longitudinale Posteriore Ibrido, or Longitudinal Posterior Hybrid in English. The number 800 is the total output of the hybrid powertrain (804 brake horsepower to be precise), and the number 4 indicates that the car uses a permanent four-wheel drive transmission.

lamborghini countach exterior front

Just like the original Countach, the hybrid successor has a naturally aspirated V12 engine, but the engine is assisted by a 48 V electric motor powered by the same supercapacitor technology used in Lamborghini’s Sián. Because the car is made out of carbon fiber and weighs just 1,595 kilograms (3,516 pounds), it can produce a 0–100km/h time of 2.8 seconds, a 0–200km/h time of 8.6 seconds, and a top speed of 355km/h.

lamborghini countach interior

lamborghini countach interior seats

But performance isn’t what the original Countach is remembered for — the distinctive angular and geometric styling is.

lamborghini countach exterior

lamborghini countach exterior rear

“The first Countach has been present in our Centro Stile as a model for some years now,” said Lamborghini’s design boss Mitja Borkert. “Whenever I look at it, it gives me goosebumps, and it serves as the perfect reminder for me and the entire design team to design every future Lamborghini in a visionary and futuristic way.”

Also Read: Dubai-Based Carasti Lets You Rent A Car For Up To Two Years

While the hybrid isn’t quite as angular as the original one (blame years of aerodynamic research), Lamborghini has successfully captured the essence of Countach and produced a car that every cyberpunk megacorp CEO would love to own.

lamborghini countach exterior mirror

But even if you’re actually are a CEO with over €2 million to spare, you can’t buy your own Countach LPI 800-4 because all 112 units (that’s how many Lamborghini is making) are sold out, and their owners will receive them in the first quarter of 2022.

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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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