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Breaking Passenger Records: Larnaca And Paphos Airports Hit New Highs

by News Editor

In a remarkable development, February set a record for passenger numbers at Cyprus’s Larnaca and Paphos airports, with over 500,000 travelers documented for the first time in the month. This 8% increase symbolizes shifting travel patterns, marking a pivotal moment for the island’s aviation hubs.

The Ministry of Transport, Communications, and Works reported a total of 535,423 passengers, an unprecedented number for February, traditionally a quieter month in the travel calendar. Overall passenger traffic from the start of 2025 saw a 7.39% rise compared to the previous year, adding momentum to Cyprus’s tourism profile.

While Larnaca Airport experienced a robust 12.4% increase, Paphos Airport saw a slight dip of 2.95%. Aircraft traffic also surged by 4.85%, achieving 4,713 flights.

The primary contributors to this surge include Greece, the United Kingdom, Poland, Israel, and Germany, reinforcing the dynamic appeal of Cyprus as a growing destination.

Discover how these developments might impact the hospitality industry, as it continues to evolve along with changing tourism trends.

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

by THEFUTURE.TEAM

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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.

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