Breaking news

Cyprus Hosts UN’s New Space Office To Boost Disaster Response In The Eastern Mediterranean

Cyprus is making a significant leap onto the global stage in disaster management with the launch of a new space-based initiative. A Memorandum of Understanding (MoU) signed between the United Nations Office for Outer Space Affairs (UNOOSA) and the ERATOSTHENES Centre of Excellence paves the way for the creation of a Regional Support Office (RSO) for the UN’s UN-SPIDER program, aimed at harnessing satellite technology to tackle disasters in the Eastern Mediterranean and beyond.

This strategic partnership will strengthen regional and global efforts to use space-based tools for disaster management and risk reduction. The ERATOSTHENES CoE, known for its cutting-edge research in satellite and airborne remote sensing, will host the new RSO, bringing its advanced expertise to the UN-SPIDER network.

The new office will focus on offering technical advisory support, capacity-building in space technology, and sharing knowledge from Earth Observation data to mitigate the impact of disasters. The RSO will also play a key role in providing real-time assistance during emergencies, ranging from earthquakes and forest fires to floods and coastal erosion.

Dr. Marios Tzouvaras, Research Coordinator at ERATOSTHENES CoE, highlighted the importance of the initiative, noting that the center’s extensive research in satellite imagery and data analysis will play a crucial role in disaster risk reduction. “Our collaboration with UNOOSA will allow us to apply our long-term scientific knowledge to real-world challenges, not just for Cyprus but for the entire region,” Tzouvaras said.

With the agreement set to begin in February 2025, Cyprus is poised to become a central node in UNOOSA’s mission to bring space-based disaster response solutions to the global community. This partnership marks a crucial step in the evolution of disaster management, leveraging the power of space to save lives and reduce risks across multiple regions.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

Uol
eCredo
The Future Forbes Realty Global Properties
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter