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Amazon Officials Discuss Cloud And Innovation Opportunities In Cyprus

by News Editor

Nicodemos Damianou, the Deputy Minister of Research, Innovation, and Digital Policy, held productive discussions with officials from Amazon during their visit to Cyprus. This meeting builds on President Nikos Christodoulides’ recent US trip, continuing efforts to position Cyprus as a strategic hub for tech giants.

The discussions, highlighted in an Instagram post by Damianou, centered on leveraging Amazon Cloud Services and public sector solutions to bolster local innovation ecosystems. This move could potentially lead to the establishment of research and development centers on the island.

Damianou expressed enthusiasm about the ongoing talks, saying, “Honored to welcome Amazon’s leadership to Cyprus, following fruitful discussions in the US. We’re exploring the capabilities of Amazon Cloud and looking into strengthening our innovation capacity, exciting developments are on the horizon!”

Such collaborations signify a promising future where Cyprus could become a beacon for tech innovation and research, attracting top talents and investments globally.

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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