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Samsung To Launch New Foldable Phones This August

In addition to the two foldable smartphones, Samsung will also probably launch the Galaxy Watch 5, the Galaxy Watch 5 Pro, and the Galaxy Buds 2 Pro.

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samsung to launch new foldable phones this august
Samsung

Recent leaks have revealed renders of two new foldable smartphones from Samsung, which the South Korean producer of electronic devices will almost certainly launch on August 10th. The leaks come from Evan Blass and 91mobiles, and they show the Samsung Galaxy Z Fold 4 and the Samsung Galaxy Z Flip 4.

The Galaxy Z Fold 4 is showcased in three colors (Black, Blue, and Gold/Cream), and it sports a design that’s very similar to the design of the Galaxy Z Fold 3 we saw last year.

According to rumors that have been floating around the internet for some time now, the Galaxy Z Fold 4 will be slightly lighter than its predecessor and will ship with the Snapdragon 8+ Gen 1 processor and 12 GB of RAM. The device is expected to run Android 12 and be available with up to 1 TB of storage.

The smartphone’s cameras will also be upgraded and feature a 50 MP main sensor, a 12 MP ultrawide sensor, a 10 MP telephoto sensor with 3x optical zoom, a 10 MP front-facing sensor for selfies, and a 16 MP under-display sensor.

The Galaxy Z Flip 4 will also use the mighty Snapdragon 8+ Gen 1 processor, but it will probably be available with only 8 GB of RAM and up to 512 GB of storage.

Also Read: How To Find Remote-Only Tech Jobs In 2023

The upgrade users of the current Galaxy Z Flip 3 look forward to the most is the increase of the smartphone’s battery capacity from 3,300 mAh to 3,800 mAh or possibly even 3,900 mAh. Together with support for 25 W fast charging, it should make it much easier for users to maintain a reasonably high battery percentage.

In addition to the two foldable smartphones, Samsung will also probably launch the Galaxy Watch 5, the Galaxy Watch 5 Pro, and the Galaxy Buds 2 Pro. You’ll be able to watch the livestream on Samsung’s official website on August 10, 2022 (10:00PM KST).

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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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