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WHY VISITING LOUVRE ABU DHABI IS A MUST THIS MONTH: Louvre Abu Dhabi marking its fifth anniversary is indeed an occasion to rejoice. As its themed celebrations titled ‘The Grand Story Continues’ get underway, the interesting line-up of activities that the museum has planned must not missed. The museum at any time offers a great escape into a highly enriching world, enabling visitors to learn so much while exploring the artworks and other attractions. Going there now makes it all the more special. Don’t miss the opportunity. [Comment by Sharmila Dhal, UAE Editor]
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WILL THIS DRAWN-OUT CRYPTO WINTER EVER END? : FTX Trading Ltd, a leading cryptocurrency exchange based in the Bahamas, suffered a devastating collapse earlier this week. The company filed for bankruptcy, and top leader Sam Bankman-Fried resigned as the CEO. Crisis befell FTX earlier this month after prices for the exchange’s native crypto token, FTT, plummeted, and users raced to withdraw their assets. Binance Holdings tentatively agreed to buy FTX.com amid the exchange’s liquidity crunch. Still, they backed out of the deal following a short period of due diligence. Investors were describing cryptocurrency as the future of money only a year ago. Non-fungible tokens (NFTs) were exploding in popularity. It seemed people couldn’t get enough of Bored Apes and the CryptoPunk series of NFTs. In the 12 months since, the world’s two most significant digital currencies have lost three-quarters of their value, collapsing with the riskiest tech stocks. No one is talking about NFTs anymore. Once valued at roughly $3 trillion, the industry now sits at around $900 billion. FTX’s rapid collapse suggests that no company in the barely regulated world of crypto industries are safe. [Comment by Dhanusha Gokulan, Chief Reporter]
Image Credit: Reuters
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PAKISTAN HOPING FOR REPEAT OF FAMOUS 1992 WIN: England will meet Pakistan today in the final of the T20 World Cup at the iconic Melbourne Cricket Ground. The match pits the tournament’s best bowling attack against the best batsmen. Pakistan will be looking to pacers Shaheen Afridi and Haris Rauf to help bring the trophy home but England’s Jos Buttler and Alex Hales will do their utmost to prevent that from happening. A crowd of over 100,000 expected and it has the makings to be an absolute cracker of a match. Buttler’s side reached the final with a superb 10-wicket victory over India while Azam’s team had a very rocky start. They lost their first two games before winning four in succession to secure a place in the final. Pakistan are now hoping for a repeat of the famous 1992 50-over World Cup final on the same ground against England which they won by 22 runs. [Comment by Imran Malik, Assistant Sports Editor]
Image Credit: ICC/Twitter