Variant
Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth
The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since March 2021. While this 66% contraction is worrying, a great deal of data suggests that the decentralized finance (DeFi) sector is resilient. The issue with using TVL as a broad metric is the lack of detail that is not shown. For example, the number of DeFi transactions, growth of layer-2 scaling solutions and venture capital inflows in the ecosystem are not reflected in the metric. In DappRadar’s July 29 Crypto adoption report, data shows that the DeFi 2Q transaction count closed down by 15% versus the previous quarter. This figure is far less concerning...
NCDC: Confirmed case of Delta variant of coronavirus detected in Nigeria
The Nigeria Centre for Disease Control (NCDC), on Thursday, said it had detected a confirmed case with the SARS-CoV-2 Delta variant, also known as lineage B.1.617.2. The variant was detected in a traveller to Nigeria following the routine travel test required of all international travelers and genomic sequencing at the NCDC National Reference Laboratory, Abuja. The Delta variant is recognised by the World Health Organisation (WHO) as a variant of concern, given its increased transmissibility. Facts indicated that the variant has been detected in over 90 countries and is expected to spread to more countries. The variant has also been linked to a surge in cases in countries where it is the dominant strain in circulation. According to NCDC, “there are ongoing studies to understand the impact ...
Coronavirus: England to lift mask, distancing rules July 19
Prime Minister Boris Johnson on Monday revealed plans to lift most of England’s legal coronavirus restrictions, including face masks and social distancing from July 19, urging personal responsibility rather than government edict. Johnson had initially aimed for a full reopening on June 21, but was forced to push back the date because of a surge in the highly contagious Delta variant. That variant now accounts for nearly all new Covid-19 cases in Britain, and infection rates have soared, sparking concern. But mass vaccinations have stopped a resultant surge in hospital admissions or deaths. “This pandemic is far from over, it certainly won’t be over by the 19th,” warned Johnson. “We must reconcile ourselves, sadly, to more deaths from Covid. “There’s only one reason why we can contemplate g...
Coronavirus: Saudi Arabia suspends UAE flights
Saudi Arabia has suspended flights to three countries, including the neighbouring United Arab Emirates, to protect against a coronavirus variant, the interior ministry said Saturday. The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad, after a ban on foreign trips that lasted more than a year. The UAE, and especially Dubai, is a key leisure destination for Saudis. Flights to and from the UAE, alongside those to Ethiopia and Vietnam, will be suspended from Sunday, an interior ministry official said, quoted by the state news agency SPA. Saudi citizens and residents returning from these countries will be required to quarantine for 14 days, it added. Citizens would be banned “from travelling directly or indirectly, without obtaining prior p...
Rapid spread of Delta variant throws England’s re-opening into doubt
British Prime Minister Boris Johnson’s hopes of ending England’s coronavirus lockdown on June 21 hung in the balance on Friday as data showed a further rise in cases of the rapidly spreading Delta variant. Johnson is due to announce on Monday whether the planned lifting of restrictions, which would see an end to limits on social contact, can go ahead on time. But the rapid spread of the Delta variant, officially a “variant of concern”, has thrown those plans into jeopardy, prompting speculation that the June 21 date will be pushed back, or that some restrictions will remain. “We have to be really careful. We had a very big opening on the 17th of May where people could meet friends indoors, in a restaurant, in a pub, and socialise indoors as well,” COVID-19 vaccines minister Nadhim Zahawi t...
Africa on cusp of the third wave of coronavirus facing a vaccine shortage
Africa is heading into a third wave of coronavirus infections as the least-inoculated continent faces a shortage of vaccines. African nations reported 94,000 new cases in the week through June 6, a 26% increase. South Africa announced the most new cases, followed by Tunisia, Africa Centres for Disease Control & Prevention Director John Nkengasong said in an online briefing Thursday. “Fourteen or so of our member states are now heading toward the third wave, and aggressively so,” he said. “It really highlights the need for us to roll out vaccines at speed and at scale.” Only 2.8% of Africa’s population is inoculated, compared with a global average of 14.5%, according to Africa CDC and Bloomberg Economics data. The program has slowed because of interruptions to supply from India, where m...
Governor Obaseki: No record of Indian coronavirus variant in Edo
Governor Godwin Obaseki of Edo State on Friday said there was no record of Indian COVID-19 variant in the state, as was speculated on social media. The governor stated this in Benin at a news conference to provide an update on COVID-19 response in the state. Mr Obaseki was represented by the Permanent Secretary from the state Ministry of Health, Osamwonyi Irowa. He said the federal government had on April 26, taken precautionary steps by restricting international travel from India, Brazil and Turkey to curtail COVID-19. “We as government have reached out to the Nigeria Center for Disease Control (NCDC) with regards to any Indian variant in Edo and the verified information reveals that the said sample was collected in January. “There is currently no update or report suggestive of any such o...
‘Coronavirus restriction’: Nigerian government quoted out of context – minister
The federal government on Tuesday denied media reports that it has “introduced or re-introduced’’ new restrictions on COVID-19. Information minister Lai Mohammed made the rebuttal at a meeting with online publishers in Lagos. Mohammed said there were no new restrictions, adding that the Presidential Steering Committee on COVID-19 only reiterated existing regulations to control spread of the disease. The Presidential Steering Committee on COVID-19 had on Monday announced the enforcement of a curfew across the country in a move it said was to forestall a possible new wave of the pandemic. “The nationwide curfew will be imposed tonight at midnight and it will run through till 4:00 a.m.,” the committee stated. But the minister, a member of the steering committee, said the committee’s national ...
Israeli study: South African coronavirus variant may evade protection from Pfizer vaccine
The coronavirus variant discovered in South Africa may evade the protection provided by Pfizer/BioNTech’s COVID-19 vaccine to some extent, a real-world data study in Israel found, though its prevalence in the country is very low and the research has not been peer reviewed. The study, released on Saturday, compared almost 400 people who had tested positive for COVID-19, 14 days or more after they received one or two doses of the vaccine, against the same number of unvaccinated patients with the disease. It matched age and gender, among other characteristics. The South African variant, B.1.351, was found to make up about 1% of all the COVID-19 cases across all the people studied, according to the study by Tel Aviv University and Israel’s largest healthcare provider, Clalit. But among patient...
Brazil hospitals pushed to limit as coronavirus death toll soars
Hospitals in Brazil’s main cities are reaching capacity, health officials have warned, as the country recorded the world’s highest COVID-19 death toll over the past week, triggering tighter restrictions on Thursday in its most populous state. Intensive care wards for treating COVID-19 patients have reached critical occupancy levels over 90% in 15 of 27 state capitals, according to biomedical center Fiocruz. In Porto Alegre, the largest city in southern Brazil, there are no free intensive care units (ICUs), and occupancy has also hit 100% in two other state capitals, Fiocruz reported. The Health Ministry on Wednesday reported a record 2,286 deaths from COVID-19 in the last 24 hours, as new infections rose by 79,876. With more than 270,000 deaths, Brazil’s pandemic death toll over the past y...
NCDC: Nigeria records 13 cases of UK coronavirus variant
The Nigeria Centre for Disease Control (NCDC) said it has found six more cases of the B.1.1.7 COVID-19 variant in the country. This brings the total number of people who have tested positive to the variant in Nigeria to 13. The B.1.1.7 COVID-19 variant was first detected in the United Kingdom and has since spread to other parts of the world. The Director-General of NCDC, Chikwe Iheakwazu, while speaking at the Presidential Task Force (PTF) on COVID-19 briefing on Monday, said the six new cases were detected in Lagos State by scientists at the Africa Centre of Excellence for Genomics of Infectious Diseases (ACEGID), at the Redeemers University in Ede, Osun State. “Last week we detected six additional samples of the B.1.1.7 variants in Lagos state,” Mr Ihekweazu said. “We already have five c...
Kano arrests, fines 200 for violating coronavirus protocols
About 200 people have been arrested, fined or incarcerated for violating safety protocols as the joint team of security agencies, mobile courts and COVID-19 marshals continue to sensitize and enforce safety protocols in the state. This was announced in Monday by the Kano state commissioner for Information, Malam Muhammad Garba, while addressing newsmen. “Of the total figure of the violators, 102 were fined N5,000 each, while 25 others have been remanded in prison by the 21 Mobile Courts set up to deal with non-compliance to safety protocols which had been identified as a huge challenge to curbing the spread of the virus. “The enforcement measure became necessary to preserve public safety and ensure full compliance with the Coronavirus prevention protocols, particularly the use of a face ma...
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