Newsletters
By Luis Prada
A few years ago, as COVID-19 lockdowns raged on, the nonprofit Internet Archive created a temporary “National Emergency Library” of millions of books to help teachers and students access educational materials. The National Emergency Library suspended the usual waitlist between borrows, allowing anyone to borrow a book even if someone else had already borrowed it.
The site was sued by four major book publishers who claimed that the Internet Archive’s digital book lending practices infringed on publisher and author copyrights.
Typically, publishers and authors get a cut of the profits on the initial sale of a physical book, but they license e-books rather than sell them outright. A digital library is allowed to lend a digital copy of a physical book as long as it pulls the physical copy of the same book off of the shelf, ensuring that only one copy of the book was lent at a time.
Unlike traditional digital library lending, the National Emergency Library allowed unlimited simultaneous borrowing of its titles, which were scanned copies rather than licensed e-books. Authors or publishers could request to have their books removed from the program, but their work was included in the first place without their explicit permission.
In 2023, the Internet Archive lost that historic copyright case and vowed to appeal.
The ruling on that appeal just dropped. The Internet Archive lost again.
The Internet Archive offers several services outside of its book lending program. Some fear a trickle-down effect that could impact other parts of its operations, including the Wayback Machine, a digital snapshot of websites over the years. The Archive is also home to many thousands of hours of archival audio, video, and even video games that are no longer in circulation.
You also have to wonder if the same enthusiasm for going after the Internet Archive will be applied to artificial intelligence companies using copyrighted materials to train their AI models.
By signing up, you agree to the Terms of Use and Privacy Policy & to receive electronic communications from VICE Media Group, which may include marketing promotions, advertisements and sponsored content.
By Matthew Gault and Jordan Pearson
By Matthew Gault
By Janus Rose
By Maxwell Strachan
By Annabel Gat and Randon Rosenbohm
By Jordan Pearson
By signing up, you agree to the Terms of Use and Privacy Policy & to receive electronic communications from VICE Media Group, which may include marketing promotions, advertisements and sponsored content.
By Becky Ferreira and Jordan Pearson
By Ernie Smith
By Jesse Coburn
By Corin Faife
Month: January 2025
Over 500 Animals Killed in Dallas Shopping Center Fire – Firehouse
Zacharia Washington, Alex Nguyen
The Dallas Morning News
(TNS)
A fire broke out at a shopping center in northwest Dallas on Friday morning, causing severe damage to a building that housed multiple small businesses, one of which sold exotic animals, according to fire department officials.
No human injuries were reported in association with the blaze, officials said.
But hundreds of animals in the pet shop died due to smoke inhalation, according to a Friday evening statement. An official with Dallas Fire-Rescue said Dallas Animal Services removed a total of 579 animals from the scene, most of which were small birds, as well as chickens, hamsters, two dogs and two cats. No exotic animals were found at the time.
Dallas Fire-Rescue responded to a 911 call about a structure fire at Plaza Latina, a shopping center at 11200 Harry Hines Boulevard, that features a variety of Hispanic businesses.
When firefighters arrived on the scene, they found heavy smoke and fire conditions, a statement from the fire department said. The fire escalated to a two-alarm response, resulting in about 45 firefighters working to control the blaze.
Officials said firefighters used hand lines and three ladder pipes to surround and drown the fire from all sides. They continued these efforts for about two hours before the fire was declared extinguished at 11:03 a.m.
The blaze caused severe structural damage, including a partial roof collapse, officials said in the statement.
It was not immediately clear what happened in the moments leading up to the fire or how many people were at the location when it began, officials said. The cause of the blaze is under investigation.
©2025 The Dallas Morning News. Visit dallasnews.com. Distributed by Tribune Content Agency, LLC.
Internet Archive loses appeal, court rules e-book lending is copyright infringement – SiliconANGLE News
by
The online digital library Internet Archive today lost its appeal to lend out scanned e-books without the approval of publishers.
The U.S. Court of Appeals for the Second Circuit rejected the nonprofit’s claim in a lawsuit with a coalition of book publishers that its digitized library of books can legally operate under the fair use doctrine.
In March 2020, during the COVID-19 pandemic, the archive introduced the National Emergency Library, NEL. Previously, the 1.4 million books in the archive could be checked out only one at a time for individual use under a “controlled digital lending” system.
NEL made it so anyone had access to any book at any time. The archive later reintroduced a cap, but that didn’t stop a group of the world’s biggest publishers, Hachette, Penguin Random House, Wiley and HarperCollins, stating that the online library constituted “digital piracy on an industrial scale.”
In a traditional library, publishers must pay licensing fees for access to their books, but no such payment occurs with the Internet Archive’s digitized library. Copies are purchased or donated, and the books are simply scanned. The publisher and the authors don’t receive payment when someone takes out one of the books.
The archive argued that its system fell under transformative fair use much like a traditional library so does not violate copyright law. The decision today ruled that the system is “not transformative.” It was stated that the “books serve the same exact purpose as the originals: making authors’ works available to read.”
The archive also argued that its library does not harm sales, which the court disagreed with.
“While IA claims that prohibiting its practices would harm consumers and researchers, allowing its practices would – and does – harm authors,” the court concluded. “With each digital book IA disseminates, it deprives publishers and authors of the revenues due to them as compensation for their unique creations.”
Chris Freeland, director of library services at the Internet Archive, said he was “disappointed” and would “continue to defend the rights of libraries to own, lend, and preserve books.”
THANK YOU
Russia’s finance minister reveals bitcoin is being used to conduct foreign trade
US allocates $3B to ‘rip and replace’ Chinese technology at smaller telcos
Iran votes to lift bans on WhatsApp, Google Play and other foreign-owned apps
Marriott and Starwood ordered to implement security overhaul in FTC settlement
Apple asks to participate in Google’s upcoming antitrust trial
North Korean hackers linked to hack of 4,500 bitcoins from Japanese crypto exchange
Russia’s finance minister reveals bitcoin is being used to conduct foreign trade
BLOCKCHAIN – BY . 15 HOURS AGO
US allocates $3B to ‘rip and replace’ Chinese technology at smaller telcos
SECURITY – BY . 16 HOURS AGO
Iran votes to lift bans on WhatsApp, Google Play and other foreign-owned apps
POLICY – BY . 2 DAYS AGO
Marriott and Starwood ordered to implement security overhaul in FTC settlement
SECURITY – BY . 2 DAYS AGO
Apple asks to participate in Google’s upcoming antitrust trial
APPS – BY . 2 DAYS AGO
North Korean hackers linked to hack of 4,500 bitcoins from Japanese crypto exchange
SECURITY – BY . 2 DAYS AGO
Forgot Password?
Like Free Content? Subscribe to follow.
Delta, LATAM, and Qatar Airways Shine in Global Spotlight with Aeromexico for Punctuality Excellence in 2024 – Travel And Tour World
Saturday, January 4, 2025
As global tourism rebounded to pre-pandemic levels in 2024, airports and airlines grappled with soaring passenger volumes and on-time performance challenges. Cirium’s annual report spotlighted the year’s most punctual airlines and airports.
Aeromexico, Mexico’s national carrier, claimed the top spot as the world’s most reliable airline, achieving an impressive 86.7% of its flights arriving within 15 minutes of schedule.
Saudia, previously known as Saudi Arabian Airlines, climbed to second place with an 86.35% on-time rate, a remarkable improvement from its ninth-place ranking in 2023. Delta Air Lines secured third position with 83.46%, while LATAM Airlines (82.89%) and Qatar Airways (82.83%) rounded out the top five.
Global Flight Punctuality Trends See Slight Decline in 2024
Worldwide on-time flight arrivals experienced a minor decline of 0.5% in 2024 compared to 2023. Despite the global dip, regional airlines outshone their international peers in punctuality, with South Africa’s Safair taking the lead at an impressive 93.82%. Oman Air followed with 90.27%, while Panama’s Copa Airlines and Royal Jordanian Airlines secured third and fourth places with 88.22% and 87.02%, respectively.
In Europe, Spain’s Iberia Express achieved 84.69%, maintaining its top position alongside Iberia, which posted 81.58%. In the Asia-Pacific region, Japan Airlines (80.90%) and All Nippon Airways (80.62%) led the pack despite slight declines in performance.
In North America, Delta Air Lines ranked highest, trailed by United Airlines at 80.93% and Alaska Airlines at 79.25%.
Airports Excel in On-Time Departures
Saudi Arabia’s King Khalid International Airport claimed the global top spot for punctuality, with over 86% of its flights departing within 15 minutes of their scheduled times. Panama’s Tocumen International Airport led the medium-sized category with 90.34%, while Ecuador’s Jose Joaquin de Olmedo International Airport topped the small airports category with a remarkable 91.38%.
The Importance of Timeliness
Punctuality continues to be a cornerstone of operational success and passenger satisfaction. Delays not only increase costs but also place additional stress on airline crews tasked with managing impacted travelers, underscoring the need for consistent on-time performance.
Top 10 Airlines with Exceptional Punctuality in 2024:
- Aeromexico
- Saudia
- Delta Air Lines
- LATAM Airlines
- Qatar Airways
- Azul Airlines
- Avianca
- Iberia
- Scandinavian Airlines (SAS)
- United Airlines
2024’s Most Reliable Airports for Timely Operations:
- Riyadh King Khalid International Airport (RUH)
- Lima Jorge Chávez International Airport (LIM)
- Mexico City Benito Juárez International Airport (MEX)
- Salt Lake City International Airport (SLC)
- Santiago Arturo Merino Benítez International Airport (SCL)
- Minneapolis-Saint Paul International Airport (MSP)
- Washington Dulles International Airport (IAD)
- Detroit Metropolitan Wayne County Airport (DTW)
- Oslo Gardermoen Airport (OSL)
- Doha Hamad International Airport (DOH)
Tags: Aeromexico, Airline News, airline punctuality, aviation news, Delta Air, global tourism, LATAM Airlines, mexico, QATAR, Qatar Airways, Qatar Airways punctuality, travel industry
Related Posts
Tags: Aeromexico, Airline News, airline punctuality, aviation news, Delta Air, global tourism, LATAM Airlines, mexico, QATAR, Qatar Airways, Qatar Airways punctuality, travel industry
Your email address will not be published.
I want to receive travel news and trade event update from Travel And Tour World. I have read Travel And Tour World’sPrivacy Notice.
Saturday, January 4, 2025
Friday, January 3, 2025
Saturday, January 4, 2025
Saturday, January 4, 2025
Saturday, January 4, 2025
Saturday, January 4, 2025
Saturday, January 4, 2025
Friday, January 3, 2025
The Brilliant Healer's New Life in the Shadows Anime Reveals New Teaser Trailer – Crunchyroll
D.C. on high alert going into unprecedented period of prominent events – The Washington Post
D.C. on high alert going into unprecedented period of prominent events The Washington Post
source
New Orleans truck attack: What we know so far about the victims – NBC News
Profile
Sections
Local
tv
Featured
More From NBC
Follow NBC News
news Alerts
There are no new alerts at this time
A University of Alabama engineering student, a former wide receiver at Princeton University, a recent high school graduate, a doting father, a Brit with royal connections and a first-year college student were among the those who died on New Year’s Day when a pickup truck barreled into crowds on Bourbon Street in New Orleans.
Fourteen people were killed and more than 30 were injured before police shot and killed the 42-year-old Army veteran who investigators say was at the wheel of the rented vehicle. The attacker was “100 % inspired by ISIS” and acted alone, according to the FBI.
New Orleans police and officials with the Orleans Parish Coroner’s Office have not released all the names of those killed. But days after the carnage in the French Quarter, 14 families were bracing for funerals.
Here are some of their stories:
Kareem Badawi, 18, was home in Baton Rouge, Louisiana, for the holidays. He had just completed his first semester at the University of Alabama, which he believed had a better engineering program than the University of Louisiana, said his father, Belal Badawi, 64.
He said he had given his son permission to go to New Orleans on New Year’s Eve with friends, many of whom were also on break from college.
Kareem had a kind heart and a great personality that attracted many friends, his parents said. He was the youngest of three children — he had a brother and a sister, who are 21 and 19. His father said that his son, who was 6-foot-5, was “beautiful” and that the family still referred to him as “the baby.”
Badawi said that he and his family are devastated and shocked and that Kareem’s killing would be especially hard on his older brother, with whom Kareem was very close.
“That’s another tragedy,” Badawi said Thursday. “My son, he ended up with no brother in his life to share his life. That was his buddy.”
He said the family loved to travel together.
“Our life is going to be different,” Badawi said, his voice breaking at times. “It’s just changed now without him.”
In a statement, the president of the University of Alabama, Stuart R. Bell, said: “I grieve alongside family and friends of Kareem in their heartbreaking loss.”
Martin “Tiger” Bech, 27, was killed, his mother, Michelle Bech, told NBC News on Wednesday afternoon.
Tiger, a graduate of Princeton University, where he was an accomplished wide receiver and punt returner, lived in New York City and worked as a junior bond trader for a Wall Street company, his mother said.
He was with a friend on Bourbon Street when the truck hit him, his mother said. His friend survived the attack. Tiger was later pronounced dead at a hospital, but Michelle Bech said she was able to say goodbye to him before he died.
“He was living his best life, and he knew it,” she said. “It just leaves a huge void in our life.”
Bech, of Lafayette, Louisiana, said Tiger trained with his younger brother, Jack, a wide receiver at Texas Christian University who was preparing for the NFL draft.
Tiger was his youngest brother’s “biggest supporter,” she said.
Jack Bech posted on X about his brother’s death:
“Love you always brother! You inspired me everyday now you get to be with me in every moment. I got this family T, don’t worry. This is for us.” He ended the message with a heart emoji.
Princeton’s athletic department said in a statement Wednesday that his nickname was fitting.
“He was a ‘Tiger’ in every way — a ferocious competitor with endless energy, a beloved teammate and a caring friend,” head football coach Bob Surace said. “Our last conversation was about how proud I was of the growth he showed during his time at Princeton and the success he was having after graduation. My love goes to the entire Bech family.”
Bech was a member of the 2016 and 2018 Ivy League champion teams. He earned two All-Ivy honors as a return specialist for the Tigers, including second-team accolades in 2018, the school’s first perfect season since 1964, the university said.
He also recorded 53 catches for 825 yards and three touchdowns as a wide receiver, Princeton said.
His high school, St. Thomas More Catholic High School in Lafayette, said in a statement Wednesday that the community was mourning his death. He graduated in 2015 and was called a “standout” in football, lacrosse and track and field, the school said.
Reggie Hunter, 37, of Baton Rouge, died after the truck hit him, said his cousin Shirell Jackson, of Hammond, Louisiana.
Jackson said she rushed to University Medical Center, where Hunter was pronounced dead.
She described her cousin as an “awesome person” and “a little-bitty guy” with a “big heart.” She said Hunter, a manager at a warehouse, was extremely funny and adored his children, boys ages 11 and 1.
“He just didn’t deserve this,” Jackson said.
He had been with another cousin who survived the attack, she said.
At the hospital, Jackson ran across others who had lost loved ones.
“I wish the mom who I’ve seen at the hospital wasn’t crying and her daughter wasn’t dead,” she said. She said there was also a couple whose son had died.
Regardless of a motive, the attack will have lasting consequences, Jackson said.
“Whether it was a terrorist or Joe Blow … from whatever, Louisiana, what they done was horrible,” she said. “They devastated so many lives.”
Ni’Kyra Cheyenne Dedeaux, 18, a recent high school graduate, was killed, her grandmother Jennifer Smith told The New York Times.
Her mother, Melissa Dedeaux, said Wednesday on Facebook that her daughter was killed, and she asked for prayers.
“When your parents say don’t go anywhere please listen to them…this was an act of terroism and now my baby is gone y’all,” she wrote. “My baby is gone she is no longer with us.”
The post was accompanied by a photograph of Ni’Kyra wearing a red graduation cap and gown.
Dedeaux could not be reached for comment.
Matthew Tenedorio, 25, was remembered as someone whose laid-back spirit brought joy to those around him.
“Matthew was always the one to lighten the mood, able to laugh off life’s challenges and spread positivity wherever he went,” his family wrote in an online fundraiser after this death.
His mother, Cathy Tenedorio, of Carriere, Mississippi, said the last time she saw her son was around 9 p.m. Tuesday, New Year’s Eve. Matthew said at the time he wanted to go to the French Quarter with friends.
The next time she saw him was at the morgue, she said. She remembered she kissed and hugged him just the night before.
Cathy Tenedorio said her son worked at the Superdome as an audiovisual technician and that it was the job of his dreams.
On Thursday, the New Orleans Saints said in a statement that he was a “valued member of the ASM New Orleans video production team.”
“Matthew was young, talented, and he had a bright future, helping deliver quality content for both the New Orleans Saints and Pelicans,” it said.
Hubert Gauthreaux, 21, was identified as one of the dead by his former high school, Archbishop Shaw, in Marrero, Louisiana.
“It is with great sorrow that we share that alum Hubert Gauthreaux, Class of 2021, was tragically killed in the senseless act of violence that occurred early this morning in the French Quarter,” the school said in a statement on Facebook.
“We are asking the entire Archbishop Shaw family to pray for the repose of Hubert’s soul, his family and friends during this difficult time, and all those affected by this tragedy,” the statement added.
Gauthreaux was watching the fireworks show on the riverwalk with friends when he reached out to his family at 12:08 a.m. Wednesday.
“I love you,” he texted.
Those turned out to be the last words they would receive from him.
“I want my son back,” his visibly shaken mother, Rami Gauthreaux, said Thursday from her home in a New Orleans suburb. “He was perfect. He would give everybody, anything.”
Last week, she said, Hubert took a tire off his new vehicle and gave it to a friend who needed it more. She said he was always willing to extend a helping hand.
His older sister, Brooke Gauthreaux, 26, said, “Even if he was hurting, he’d find a way to fix you.”
She said her brother went from posting social media videos on Bourbon Street to being gone in a matter of hours.
“There’s so much I could say. I miss him already,” the sister said.
Nicole Perez was a single mom who was ringing in the new year when she was killed. She had reason to feel optimistic about the future — she had just been promoted to sundries manager at Kimmy’s Market in Metairie, Louisiana.
“She was a single mama,” said her boss, Kimberly Usher Fall. “Over the course of last year, she’s gone through some rough times. But she was pulling out of it.”
Known as Nikki, Perez had worked for the past three years at the market and at Kimmy’s Deli, which is also in Metairie. Sometimes she brought along her son, Melvin, who Fall said was 5. And when Perez went to work, it was on foot because she didn’t have a car.
Ryan Meaux, 34, a regular at the market, said he started giving Perez rides to work in December after he learned that she walked. He said Perez sometimes had to trek several miles to get to the job.
Co-worker Geralyn Fielding said: “She went through a bad breakup, so when she came here she wanted to change things, and she did. She was setting her goals because she was on her way to 30 and she wanted to have something by then.”
Fielding said that she last saw Perez on Tuesday and that she was excited about going to the French Quarter and seeing the fireworks.
On Thursday, during the lunch hour, the patrons at Kimmy’s Deli were expressing condolences and passing the hat to help Perez’s son.
“So sorry,” a man told Fall before he contributed $100 to the fund.
Dauphin, who lived in Montgomery, Alabama, was identified by family spokesperson Becky Devereux and his alma mater.
“On behalf of Auburn University, I send my sincere condolences to the family and loved ones of 2023 graduate Drew Dauphin who was taken from us in the New Orleans terror attack,’’ university President Christopher B. Roberts said.
Billy DiMaio, 25, was in Louisiana to celebrate the new year and be with friends, his parents, Bill and Tracie DiMaio, told The Times-Picayune/The New Orleans Advocate newspaper.
“He was a good, humble kid,” DiMaio’s father said. “He loved life.”
Tracie DiMaio said her was son “was a pure, gentle-hearted soul. He will be truly missed.”
DiMaio worked for Audacy Inc., which said Thursday in a statement that it was “heartbroken.”
“Beyond his professional achievements, Billy will be fondly remembered for his unwavering work ethic, positive attitude, and kindness. He was a true asset to the Audacy team, and his contributions and presence will be deeply missed,” Audacy said.
It sent condolences to DiMaio’s family and friends and to his colleagues “who had the privilege of working with him.”
Chestnut Hill College said in a statement Thursday that DiMaio was a 2022 graduate.
The college in Philadelphia said it was “devastated” by his death.
“Billy was a leader within our community who shined not only as a star student in the classroom, but also as a top athlete, serving as a Captain on our 2022 championship Lacrosse team,” the statement said.
The college also said it is reflecting on the “positive impact he had upon so many in our close community.”
DiMaio was described in the newspaper article as a family man who was a native of Long Island, New York.
The oldest of three children, DiMaio was close with his brother and sister and considered his father his best friend. He also had a tattoo featuring all of his cousins’ names, the newspaper reported.
Terrence Kennedy, 63, was among the people killed in Wednesday’s attack, his sister and family confirmed to NBC News.
Kennedy, who was known as “Terry,” was born and raised in New Orleans and was remembered for his kindness and his big heart, his family told NBC affiliate WDSU of New Orleans.
Kennedy loved sports, including the New Orleans Saints, his sister told WDSU. But his favorite team was the Pittsburgh Steelers, she said.
Sister Jacqueline Kennedy said in a tearful video on Facebook that while she had asked for prayers after her brother who was on Bourbon Street and was missing, she had to confirm he was dead.
“I’m sorry to have to tell you all that he didn’t make it,” she said. The Facebook post was titled “My brother Terry Is Gone.”
Terrence and Jacqueline Kennedy grew up with nine siblings, and he was one of seven boys, she told NBC News.
“My brother was a very kind, sweet and loving person. He had a big heart,” Jacqueline Kennedy said. “He would do anything for anyone. He never met a stranger.”
Wilkinson, of Slidell, was remembered by his older brother Cecil as someone who was loved and who will be missed by his family and others.
“You was loved and you will truly be missed,” Cecil Wilson wrote on Facebook. “I know life was hard for you at times. But I wasn’t expecting to get the phone call this morning you was one of them that got hit in New Orleans in the French Quarter.”
Pettifer, from London, England, was remembered by his family as “a wonderful son, brother, grandson, nephew and a friend to so many.” The family said in a statement that it was “devastated” by his death.
King Charles III was deeply saddened after being made aware of the Brit’s death through official channels and has been in touch with the family to share personal condolences, a Buckingham Palace source said.
The BBC reported that Pettifer was believed to be the stepson of Tiggy Pettifer, a former royal nanny who cared for Prince William and Prince Harry when they were young.
Taylor, a resident of Harvey, Louisiana, was one of the 14 people killed in the attack, according to the New Orleans coroner.
The victims also include a female whose identity was unknown to the coroner’s office. Efforts to identify her were pending.
Janelle Griffith is a national reporter for NBC News focusing on issues of race and policing.
Bracey Harris is a national reporter for NBC News, based in Jackson, Mississippi.
Deon J. Hampton is a national reporter for NBC News.
Antonio Planas is a breaking news reporter for NBC News Digital.
© 2025 NBCUniversal Media, LLC
SyncSwap airdrop: the token of the DEX of Linea, ZKsync, and Scroll arrives – The Cryptonomist
SyncSwap, the reference DEX for the L2 blockchains of ZKsync, Linea, and Scroll, is preparing to distribute the airdrop of its governance token.
A few days ago, the project team announced the launch of the V3 of the protocol, citing the entry of the SYNC asset into the market.
The TGE of this cryptocurrency might occur shortly after the inauguration of the ZKsync Ignite rewards campaign.
Summary
The famous decentralized exchange SyncSwap has recently announced the V3 of the protocol, anticipating the launch of its own airdrop.
To celebrate the closing of the year 2024, in which the platform recorded record on-chain metrics, a new model of pools has been introduced
Let’s talk about Range Pools, characterized by excellent capital efficiency and customizable price ranges.
This new structure supports all types of assets with flexible LP management, allowing for a smooth and seamless user experience.
With the advent of V3, SyncSwap becomes in all respects a Hyper Model DEX, where liquidity providers can take advantage of enormous opportunities and high APR.
Range Pools will initially be operational for the ZKsync network, but will then be expanded to other chains.
Announcing the new version, SyncSwap spoke of an imminent Token Generation Event (TGE) for its SYNC token.
The platform team had previously talked about a total supply of 100 million SYNC, without however adding other details such as the contract address and the date for the TGE.
Now it seems, instead, that everything is ready for the official debut of this new cryptocurrency, which will be offered in airdrop to the loyal users of the exchange.
In particular, it is expected that all regular users of the ZKsync, Scroll, Linea, Sophon, Zircuit, and Taiko networks will be rewarded.
An important factor of the SyncSwap airdrop concerns the focus on its community, responsible for the growth of the platform in 2024.
The team pointed out that the share of SYNC tokens allocated for the airdrop will be 100% directed towards the community, excluding VC investors.
This approach allows for a greater economic contribution to the users of the protocol, compared to typical situations in the world of airdrops where the majority of the rewards go to the VC.
We do not know, however, the precise date of the launch of SYNC: some users claim that it will probably be a few more months of waiting.
Recently, Hyperliquid also chose an airdrop distribution that would reward its community 100%.
In total, the L1 project had distributed 310 million HYPE tokens, equal to 31% of the supply, entirely to the users of the protocol, excluding KOLs and external investors.
In hindsight, we can say that the market rewarded Hyperliquid’s choice to focus on its own ecosystem, given that the token recorded a 10X since the listing.
We will see if SyncSwap will be able to follow in the footsteps of Hyperliquid, which has earned the title of best airdrop project for distributed value.
It will be crucial to see what percentage of the supply of the new SYNC token will be made available to users, and how much will remain in the hands of the team.
While SyncSwap tests the waters in preparation for its crypto airdrop, the ZKsync ecosystem prepares for the launch of the ZKsync Ignite rewards campaign.
This is an incentive program, which will officially start on January 6, where funds of 325 million ZK, equivalent to 65 million dollars, will be made available.
Of these, 300 million will be used for DeFi rewards, while the remaining 25 million will be employed as coverage for administrative and unforeseen expenses.
The tokens will be distributed directly to the decentralized protocols of the ZKsync network, including SyncSwap, which will in turn redistribute them to the end user.
The Ignite campaign will last for the next 9 months: the main goal is to increase liquidity on the L2 blockchain and strengthen the Dapp ecosystem.
We expect that this could also provide assistance to the price action of the ZK token, which despite the inflation of rewards, will see greater use.
In particular, users will be “forced” to purchase ZK and lock it in the DeFi liquidity pools to unlock rewards, therefore a good amount of buying pressure is expected in the market.
SyncSwap will also have a big incentive from the initiative, as many capitals will flow onto the platform, bringing a boost in revenue by 2025.
This could significantly contribute to the decision of launching the SYNC token airdrop in advance.
At the moment, the decentralized protocol SyncSwap has a “Total Value Locked” (TVL) of 49 million dollars, making it the second largest dApp on ZKsync.
Up to now, 3,717 Classic Pools have been created, highlighting the varied use of the application on a wide range of token combinations.
Very interesting to note how, however, from June 2024 onwards, a large part of the on-chain activity on SyncSwap has been declining.
According to the data from Dune Analytics, since June, the values of many metrics such as: Volume, Active Users, Swaps, and Active Pools have dropped drastically.
This ambiguous situation is likely due to the fact that after the launch of the ZKsync airdrop (distributed in June), users have moved towards other dApps.
From April 2023 to June 2024, for over a year the protocol was under siege, achieving great on-chain milestones, only to be abandoned afterwards.
Nowadays, we count a UAW (weekly active users) of 18,000, with approximately 72,000 tx and 20 million dollars in volume in the last 24 hours.
We will see if with the airdrop of SYNC, SyncSwap will manage to make itself more appealing to the eyes of the farmers and the LP investors..
It will be essential in this regard that SYNC is integrated with as many liquidity pools as possible.
Stay updated on all the news about cryptocurrencies and the entire world of blockchain.
Let’s tell the future.
The most exclusive news on Bitcoin and cryptocurrencies, trading, fintech, and blockchain.
Stay updated on all the news about cryptocurrencies and the entire world of blockchain.
© 2023 The Crypto Economist SAGL. All rights reserved
This Week in Web3 Innovation: Crypto Policies, Payments and Stablecoins – PYMNTS.com
It finally happened. In 2024, bitcoin topped $100,000, capping off a year of growing mainstream adoption and technological innovation.
Will 2025 bring cryptocurrency fans similar good fortune? Certain experts think bitcoin, the first cryptocurrency, could double its record-high valuation and reach $200,000.
But bitcoin’s rise is just one chapter in the ongoing story of cryptocurrency’s evolution and the blockchain industry’s maturation. The future of digital assets is not just about price points and market caps — it’s about how these Web3 technologies are working to reimagine digital finance and commerce on a global scale.
Institutional interest, regulatory clarity and mainstream utility are driving forces that could shape this potential trajectory.
Regulation has long been seen as crypto’s biggest hurdle, but 2024 flipped that narrative and 2025 could continue the trend.
2024 began with the Securities and Exchange Commission approving bitcoin ETFs after years of opposing the idea. BlackRock’s bitcoin exchange-traded fund (ETF) allegedly gave bitcoin a push and helped the cryptocurrency’s price rise above the $100,000 mark, per a PYMNTS report.
In Europe, the Markets in Crypto-Assets (MiCA) regulation laid a robust framework for crypto companies looking to shed their “Wild West” image and enter the financial mainstream. According to a Monday (Dec. 30) announcement, digital assets platform MoonPay said it is among the first companies to have secured approval under the EU’s MiCA cryptocurrency regulations.
Still, one of the knocks of crypto remains its use to avoid regulations. Russian businesses are reportedly using bitcoin and other cryptocurrencies to make international payments. It’s a trend that comes in the wake of legislative changes that permitted these types of payments to get around western sanctions, it was reported Tuesday (Dec. 26).
Reportedly, the pre-2025 domestic regulatory dynamic surrounding crypto in the U.S. has even led to people like venture capitalist Marc Andreessen arguing that banks were cutting ties with customers on the political right, or with industries such as the cryptocurrency sector.
As crypto continues its march toward mainstream adoption, its role in enterprise finance is growing. PYMNTS explored the reality of crypto for cross-border payments, though not those designed to evade sanctions, this Tuesday (Dec. 31). “Cross-border payments, historically plagued by high fees and slow transaction times, underwent a significant transformation in 2024,” that report said. “Blockchain technology emerged as a key enabler, offering transparency, speed and cost efficiency.”
CFOs and treasurers are finding themselves at the forefront of what could be a financial revolution. Staying ahead of terms like ”stablecoin sandwiches,” zero-knowledge proofs, atomic swaps, on-chain liquidity and more will allow financial leaders to make informed decisions about integrating these technologies into their payment systems.
For crypto to sustain its momentum, it must deliver on its promise of utility. The days of speculative hype are fading to reveal a focus on real-world applications that enhance transparency, reduce costs and improve efficiency.
Crypto adoption is also taking root in the Middle East, where partnerships are more than localized efforts. They’re signals of crypto’s global ambitions.
Crypto.com partnered with the United Arab Emirates’ Dubai Islamic Bank (DIB), announced Monday (Dec. 30). The partnership follows another Crypto.com project in the region, as the company earlier received a license to launch a Mastercard-powered card in Bahrain. Crypto.com eventually plans to expand the card offering to other Gulf countries, including Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
During 2024, stablecoins’ role as a bridge between traditional finance and digital currencies became more pronounced. As recently as Dec. 23, Wirex added two new stablecoins to its digital payments platform, while holiday moviegoers this year were allowed to buy tickets and concessions at Regal theaters around the United States using the USDC stablecoin.
See also: How 15 Pivotal Events Impacted the Digital Economy in 2024
Decentralized stablecoin cryptocurrency protocol Frax Finance also launched a stablecoin that it said offers “unprecedented” transparency and custody. The frxUSD stablecoin is a rebranded evolution of the company’s flagship FRAX stablecoin and will leverage BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, Frax said Thursday (Jan. 2).
In another, separate development, it was reported Thursday that stablecoin leader Tether has seen its market value decline amid new European Union (EU) cryptocurrency rules, with the company’s USDT having its sharpest weekly drop in two years.
Meanwhile, digital asset prime broker FalconX acquired Arbelos Markets to expand its derivatives business and strengthen its position among cryptocurrency derivatives dealers, it was announced Thursday. The acquisition comes at a time when positive regulatory momentum and the growth of exchange-traded funds (ETFs) and derivatives markets have driven growth in the institutional market.
Elsewhere on Thursday, KuCoin introduced a solution designed to bring cryptocurrency payments into the retail sector by letting customers complete purchases via KuCoin — once integrated into a merchant’s payment system — by scanning a QR code or using the KuCoin app.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Appeals court ruling backs big publishers’ lawsuit against the Internet Archive – WSWS
On Wednesday, a three-judge federal appeals court panel upheld an earlier ruling in favor of major book publishers and found that the Internet Archive was guilty of violating copyright law by scanning books and lending them to the public for free.
In its 64-page decision, the US Court of Appeals for the Second Circuit in Manhattan ruled in favor of the lawsuit filed in 2020 by four of the 10 largest book publishers in the world against the San Francisco-based nonprofit Internet Archive and its Open Library project.
The court rejected the Internet Archive’s appeal which was based on the argument that lending digital copies to the public at no charge should be considered “fair use” of copyrighted content. The court also rejected the Internet Archive’s novel policy of “controlled digital lending” in which electronic copies of books can be borrowed by readers one copy at a time in the same manner readers have been borrowing print books from public libraries for 235 years.
The appeals court ruling states:
This appeal presents the following question: Is it “fair use” for a nonprofit organization to scan copyright-protected print books in their entirety, and distribute those digital copies online, in full, for free, subject to a one-to-one owned-to-loaned ratio between its print copies and the digital copies it makes available at any given time, all without authorization from the copyright-holding publishers or authors? Applying the relevant provisions of the Copyright Act as well as binding Supreme Court and Second Circuit precedent, we conclude the answer is no.
The four publishers—Hachette Book Group, Inc., HarperCollins Publishers LLC, John Wiley & Sons, Inc. and Penguin Random House LLC—mounted their lawsuit in the first year of the pandemic after they learned that the Internet Archive had launched the National Emergency Library (NEL). The NEL was created in response to the closure of libraries during the public health emergency and the calls from readers and librarians to provide a means for people to obtain access to millions of books.
The NEL was an extension of the Internet Archive’s previously existing Open Library, minus the controlled digital lending, and permitted large numbers of people to borrow digital copies all at the same time. This response by the non-profit to an unprecedented crisis of access to books then became the subject of a ferocious campaign by the $25 billion book publishing industry which claimed, “willful mass copyright infringement” and demanded damages in its lawsuit.
After Judge John G. Koeltl of US District Court for the Southern District of New York forcefully ruled in favor of the publishers in March 2023, the Internet Archive removed 500,000 titles from its digital library and filed an appeal in September 2023.
One aspect of Koeltl’s ruling overturned by the appeals court was the contention that the Internet Archive was engaged in commercial activity. The judge ruled that the nonprofit was soliciting donations from readers and visitors to its Open Library website, gained non-monetary reputational benefit from its lending program and also received a small percentage of the sales of books from its Better World Books subsidiary.
The appeals court was not prepared to go as far as the lower court judge in stripping the Internet Archive of any financial resources whatsoever. However, the appeals court had no difficulty defending the market interests of the big book publishers who saw the limited initiative of the Internet Archive as a threat to its profits.
As the appeals court ruling states, “IA copies the Works in full and makes those copies available to the public in their entirety. It does not do this to achieve a transformative secondary purpose, but to supplant the originals.”
While the appeals court decision is directed at protecting the multibillion-dollar book publishing monopolies, it sought to hide this behind claims that it is defending the rights of authors. The ruling states:
With each digital book IA disseminates, it deprives Publishers and authors of the revenues due to them as compensation for their unique creations. Though IA and its amici [ supporters] may lament the consolidation of editorial power and criticize Publishers for being motivated by profits, behind Publishers stand authors who are entitled to compensation for the reproduction of their works and whose “private motivation” ultimately serve[s] the cause of promoting broad public availability of literature, music, and the other arts.
As pointed out by Dave Hansen, executive director of the Author’s Alliance, a nonprofit that advocates expanded access to digital books, the presentation of the relationships between authors and publishers by the court is a distortion. Hansen asserted:
Authors are researchers. Authors are readers. IA’s digital library helps those authors create new works and supports their interests in seeing their works be read. This ruling may benefit the bottom line of the largest publishers and most prominent authors, but for most it will end up harming more than it will help.
There is no doubt that the aggressive legal posture of the publishers toward the Internet Archive is aimed at bankrupting and shutting down the organization. Alongside the book publishers’ case, the Internet Archive also is facing a new lawsuit filed on August 11 by Universal Music Group, Sony Music Entertainment and other record labels for copyright infringement.
The labels’ lawsuit says that the Internet Archive’s “Great 78 Project” is an “illegal record store” for songs by musicians including Frank Sinatra, Ella Fitzgerald, Miles Davis and Billie Holiday. The recording industry has achieved considerable experience with digital rights management and has aggressively pursued actions against anyone and everyone it considers a threat to the commercial distribution of online music.
The global record industry labels, which had sales of $17.1 billion in 2023, have identified 2,749 recording copyrights that have been violated and they are claiming damages of $412 million. The annual budget of the Internet Archive, a US 501(c)(3) nonprofit, is $37 million derived from grants, donations and foundation funds.
The Internet Archive was founded in 1996 to provide free access to collections of digitized media including websites, software applications, music, audiovisual and print materials. The organization is an advocate of an open and free internet. As of this writing, the archive has more than 42.1 million print materials, 13 million videos, 1.2 million software programs, 14 million audio files, 5 million images, 272,660 concerts and over 866 billion web pages in its Wayback Machine.
The Wayback Machine is an archive of the World Wide Web that allows readers to go “back in time” and see how websites looked in the past. It is a repository of the internet that is archiving and preserving online content from defunct websites.
Responding to Wednesday’s appellate court ruling, the Internet Archive issued a statement that said, “We are disappointed in today’s opinion about the Internet Archive’s digital lending of books that are available electronically elsewhere. We are reviewing the court’s opinion and will continue to defend the rights of libraries to own, lend, and preserve books.”
Speaking to the New York Times, Brewster Kahle, computer engineer and founder of the Internet Archive, said, “People are worried about book bannings and the defunding of libraries, but I don’t know that there is really an awareness of what’s going on in the movement toward license-only access to electronic material.”
Kahle continued, insisting that libraries are “not just a Netflix reseller of books to their patrons. Libraries have always been more than that.”
Comments: