Press Release
Portal, a true cross-chain DEX built on Bitcoin to eliminate the use of wrapped tokens
Last month, Ethereum co-founder Vitalik Buterin aired his concern about the security of cross-chain bridges, most of which have become highly susceptible to attacks in the recent past. In a Reddit post, Buterin said that while blockchains remain trustworthy even after a 51% hack, cross-chain bridges provide the hackers with the opportunity to move the stolen funds to other chains through the wrapping of tokens and locking of funds on another chain through cross-chains is trustless and centralized. Centralization and wrapped tokens put the assets of the users at risk. The Portal DEX Portal is a true cross-chain DEX built on Bitcoin and it believes in a future of multi-chain without wrapped tokens or use of third-party custody in moving coins from one chain to another to ensure the safety of...
Hashstack launches Open Protocol Testnet, the first-ever under-collateralized DeFi loans
Hashstack Finance, a decentralized finance (DeFi) platform, has launched the first-ever under-collateralized DeFi loans protocol called Open Protocol. The Open Protocol aims at disrupting the DeFi space by allowing DeFi participants to get up to 3X the amount of the collateral. The Open Protocol testnet marks a great milestone within the DeFi world where crypto investors are forced to deposit crypto assets worth more than the loans they are taking. It is also a significant accomplishment in Hashstack’s roadmap with the mainnet slotted for launch in coming weeks. The Open Protocol Open Protocol is an autonomous lending solution that allows users to access under-collateralized loans that are three times larger than the value of the used collateral. The ratio of collateral to loan is 1:3. In ...
Astra Protocol sets up a Compliance Hub in The Sandbox metaverse
On January 27, Astra Protocol, a cutting-edge legal compliance layer for public blockchains, announced that it has built a Compliance Hub in the Sandbox metaverse world. The new Compliance Hub will provide Sandbox metaverse users with a decentralized compliance layer including Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) capabilities. Resolving on-chain compliance issues Astra Protocol aims at resolving on-chain compliance issues through its patented technology and partnership with trusted legal firms. With the new Compliance Hub, Astra wants to make the emerging metaverse safer for every participant. Developers will be able to add compliance features on their metaverse projects developed on The Sandbox. The Compliance Hub has a Decentralized Legal Network (DLN) that brings tog...
Moderna starts human trials of an mRNA-based flu shot
Moderna gave its mRNA-based seasonal flu vaccine to the first set of volunteers in a clinical trial, the pharmaceutical company announced today. The start of the trial marks the next stage of the company’s work on this type of vaccine technology after the overwhelming success of its COVID-19 vaccine, which was built using the same strategy. Before the COVID-19 pandemic, mRNA vaccines were still largely experimental, even as they were heralded as the future of vaccine development. People who get an mRNA vaccine are injected with tiny snippets of genetic material from the target virus. Their cells use that genetic information to build bits of the virus, which the body’s immune system learns to fight against. The high efficacy of the mRNA COVID-19 vaccines made by Moderna and Pfizer / BioNTec...
South-west governors urged to strengthen Amotekun to prevent attacks
The protem chairman of the Coalition of Yoruba Liberation Movement, Yemi Farounbi, has called on south-west governors to strengthen the Western Nigeria Security Network, codenamed Amotekun. He said Amotekun operatives need to be “heavily fortified” so that they can repel the attacks of bandits. Farounbi’s message was contained in a press release which was read at an event held in Ibadan, Oyo state capital, to mark Democracy Day. Speaking on the backdrop of the recent attack in Ondo and Ekiti states, and in Igangan, a rural community in the Ibarapa area of Oyo, Farounbi said the south-west is under attack from the herders and bandits. He said: “We hereby alert our people in Yorubaland and the entire Yoruba race of the impending indirect slavery coming up in the heels of the well-orchestrate...
Bauchi governor sacks commissioners, SSG, chief of staff, advisers
Bauchi State Governor, Senator Bala Mohammed, has approved with immediate effect the dissolution the State Executive Council (SEC). The affected political appointees included the Secretary to the State Government (SSG), Chief of Staff (COS) and all Special Advisers except the Special Adviser Security, Special Adviser National and State Assembly Liaison, Special Adviser Social Investment and Special Adviser Media and Publicity. This is contained in a Press release signed by Comrade Mukhtar Gidado, Special Adviser, Media and Publicity to the Governor which was made available to newsmen Wednesday in Bauchi. According to the governor, all commissioners are to hand over the affairs of their ministries to their respective Permanent Secretaries, while the Secretary to the State Government, Chief ...
Senator Okorocha: Police still holding two of my political allies
Former governor of Imo State Rochas Okorocha has appealed the Inspector General of Police (IGP) to save two political allies, Casmir Ugbor and Ojukwu Ukonu, who he said were wrongly arrested and linked as suspects of the jailbreak of April 5. The two suspects in police custody, according to a statement the senator released through his media adviser, Sam Onwuemeodo, were arrested alongside their wives for offence he said they never committed. Senator Okorocha claimed that their only offence was that they belong to his political family. The senator has also faulted the police on the date it stated it arrested the duo, insisting that they were arrested three weeks ago and not on May 27 as it now claimed in their recent press statement. Okorocha said: ‘In the press release, we called on the Co...
Lady accuses Ned Nwoko of unjustly detaining her dad, uncles
A Nigerian lady has accused billionaire lawyer, Prince Ned Nwoko, of unjustly detaining her father and uncle. According to her, Nwoko is bent on frustrating her family. The lady also alleged that Nwoko accused her dad of what he is innocent of and has locked up several people unjustly. She said: “I don’t know why Ned Nwoko is so bent on frustrating my family. “Please, I beg you all to lend me your voices. “At least I believe that somebody somewhere will definitely hear us and help us out. “I still believe that there will be one person who can actually help us. “Ned Nwoko please, I just want my father to be free. “Please release my daddy, not just my daddy, please release Prisca’s daddy too, release Anthonia’s uncle, release my uncle Raymond. “Release them, what are you keeping them for? “W...
Oyo council poll: Police, OYSIEC collaborate to ensure hitch-free elections
The Oyo State Police Command on Monday showed its commitment towards ensuring free and fair local government elections in the state. The Command, in its efforts to secure hitch-free before, during and after the poll, has disclosed its partnership with the Oyo State Independent Electoral Commission (OYSIEC), engaged the stakeholders involved, stressing that all hands must be on deck to ensure free, fair and credible elections. The development according to a press release that was made available to pressmen in Ibadan, the State capital, stated that the Command, in conjunction with the Management of Oyo State Independent Electoral Commission (OYSIEC), today Monday 10th May 2021, played host to principal political actors and critical stakeholders in the state in readiness for the 22nd May 2021...
NNPC assures will continue to meet financial obligations to FAAC
The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the Federation revenue stream being managed by the Corporation and not a reflection of the overall financial performance of the Corporation. A press release by the Corporation’s spokesman, Dr. Kennie Obateru, stated that the clarification became necessary in the light of media reports insinuating that the Corporation was in financial straits. NNPC maintains that it is conscious of its role and was doing everything possible to shore up revenues and support the Federation at all times. “The shortfall will be remedied by the Corporation as it relates only to the Federation revenue stream being...
South West PDP lauds Ayo Fayose group over decision to unite party
The South West Zone of the People’s Democratic Party (PDP) has commended former Ekiti State Governor Ayodele Fayose over his decision and that of his Eddy Olafeso group to unite aggrieved party men and women in the region, and for prevailing on Dr Eddy Olafeso and other candidates that contested in the just concluded PDP South West Congress held in Osogbo, the Osun State capital, from challenging the outcome of the congress in court. The party’s zonal Publicity Secretary, Sanya Atofarati, in a press release he signed on Saturday and made available to journalists in Ado-Ekiti, praised the ex-Governor Fayose for his maturity by yielding to calls and appeals from PDP stakeholders. ‘The outcome of the meeting held by the Fayose group in Abeokuta, the Ogun State capital, on Friday, was a good o...
Taiwan says request to drop word ‘country’ preceded BioNTech vaccine deal collapse
Germany’s BioNTech asked Taiwan to remove the word “country” from an announcement they planned to make on a COVID-19 vaccine sale to the island, its health minister said on Thursday, giving details of the deal whose axing was blamed on China by Taipei. Taiwan and China are engaged in an escalating war of words after Beijing offered the shots to the Chinese-claimed island via Shanghai Fosun Pharmaceutical Group Co Ltd, which has a contract to sell them in Greater China. Taiwan Health Minister Chen Shih-chung told a daily news briefing the government had signed and sent back a “final contract” agreed with BioNTech after months of negotiations, and the two sides were on the verge of issuing a press release on Jan. 8. But four hours later “BioNTech suddenly sent a letter, saying they strongly ...