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Starlink To Launch In Lebanon As Soon As 2022

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starlink to launch in lebanon as soon as 2022
Starlink

After launching its beta service to select customers across the United States and Canada, Elon Musk’s satellite internet constellation, Starlink, is set to launch in Lebanon as soon as 2022.

Last year, Lebanese computer science researcher Nadim Kobeissi asked Elon Musk on Twitter to position one of his satellites over Lebanon. His tweet quickly gained traction among other Lebanese Twitter users, many of which have to rely on slow and unreliable internet connections that are behind the rest of the world.

To everyone’s surprise, Musk replied, assuring Nadim that Starlink would provide global coverage. Well, it’s now clear that Musk was serious because pre-orders are already available with a fully refundable deposit of $99. The deposit will go toward the cost of the hardware kit ($499), the monthly service fee ($99 a month), and the shipping & handling fee (varies from region to region).

The fine print states that paying the deposit doesn’t guarantee availability. Instead, the deposit gives the payer’s order a higher priority in their region for ordering Starlink when it becomes available in the future.

Those who receive the Starlink kit can look forward to data speeds between 50 Mbps and 150 Mbps and latency from 20 ms to 40 ms, which is good enough for online gaming, high-definition streaming, and video conferencing. Both speed and latency are promised to keep improving as SpaceX, the company behind Starlink, launches more satellites and improves its software.

Already, around 1,000 Starlink satellites have been launched into orbit, but SpaceX has sought approval for tens of thousands more. Other private companies that are planning to launch satellite internet constellations include OneWeb, Amazon, Samsung, and Boeing.

Also Read: Instagram Music Is Finally Available In The Middle East

At the moment, satellite internet access is aimed mostly at people living in rural and hard-to-reach locations, where wired connectivity has typically been a challenge. As the technology improves and the number of satellites in orbit increases, it’s possible that it will become a viable alternative to broadband internet even in otherwise well-connected areas.

It still isn’t clear whether or not the Lebanese government will formally allow the use of Starlink within the country as Ogero, Lebanon’s state telecommunications operator, doesn’t allow the use of Internet services that don’t pass through their network. It will be interesting to see what their take is on the matter.

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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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