Flare
Layer-1 EVM oracle platform Flare launches to boost interoperable DApps
Flare, a new layer-1 Ethereum Virtual Machine blockchain platform, has gone live with the launch of two core protocols aimed at powering decentralized interoperability applications. The platform serves as an oracle network that allows developers to build applications that are aimed at being interoperable with different blockchains and internet platforms and services. Flare features two protocols that power its application-building suite. Its State Connector protocol enables information and data to be used securely and at scale from various blockchains and internet sources with the use of smart contracts. The functionality is touted to offer powerful data to the network and facilitate the development of cross-chain solutions. Meanwhile, the Flare Time Series Oracle (FTSO) sources and provid...
Could Bitcoin miners’ troubles trigger a ‘death spiral’ for BTC price?
A July 9 post by @PricedinBTC on the “cost to mine Bitcoin” in the United States gathered the crypto community’s attention, especially considering the recent headlines that BTC miners have made. The crypto bear market and growing energy costs have caused a perfect storm for the mining sector and this has led some companies to lay off employees and others to defer all capital expenditures. Some went as far as raising concerns of Bitcoin miners hitting a “death spiral.” In bear markets like this, inevitably a Bitcoin critic comes out and says that Bitcoin will soon collapse from a “miner death spiral”, meaning that miners will go offline because it is not profitable to run their operations, and then Bitcoin’s hash rate will fall, causing its… — Cory Klippsten (@coryklippste...
British Airways suffers multiple bird strikes at Lagos airport
A Boeing 777-300, registration G-STBE belonging to British Airways, performing flight BA-75 from Heathrow airport, London to Lagos, suffered multiple bird strikes on December 30, 2020. A bird strike is a collision between an airborne animal and a vehicle, usually an aircraft. The flight was on final approach to the Murtala Muhammed International Airport, Lagos’ runway 18R when the aircraft received a number of bird strikes in the flare causing a hydraulic leak. However, the aircraft touched down safely, rolled out and vacated the runway and was taxing towards the apron when the aircraft lost nose wheel steering, hydraulic C system indicated zero quantity and smoke was seen from the main landing gear. The crew stopped the aircraft on the taxiway. A ground observer reported that the crew dec...
British Airways suffers multiple bird strikes at Lagos airport
A Boeing 777-300, registration G-STBE belonging to British Airways, performing flight BA-75 from Heathrow airport, London to Lagos, suffered multiple bird strikes on December 30, 2020. A bird strike is a collision between an airborne animal and a vehicle, usually an aircraft. The flight was on final approach to the Murtala Muhammed International Airport, Lagos’ runway 18R when the aircraft received a number of bird strikes in the flare causing a hydraulic leak. However, the aircraft touched down safely, rolled out and vacated the runway and was taxing towards the apron when the aircraft lost nose wheel steering, hydraulic C system indicated zero quantity and smoke was seen from the main landing gear. The crew stopped the aircraft on the taxiway. A ground observer reported that the crew dec...
ExxonMobil staff killed, others wounded in gas flaring accident
File Photo Fire explosion from a gas flaring operation at the Qua Iboe Terminal (QIT) process area at ExxonMobil facility in Ibeno local government area, Akwa Ibom State has allegedly killed some staff of the company and left others wounded. It was gathered that the incident happened on Sunday, December 13, 2020, when the victims were about to light up the gas flaring plant. Sources who preferred to remain unnamed said one of the victims who was killed was a supervisor working at the facility’s processing area, while another supervisor injured by the explosion had been rushed to an undisclosed hospital in the state. He said it was possible that the victims who were to turn on the plant shut for maintenance purposes, flouted all safety procedures that would have averted the explosion. “Two ...
