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China launches 1st Mars mission

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China launched a major Mars mission on Thursday in what it hopes will become its first successful landing on the Red Planet.
The mission, known as Tianwen -1 will see a rover, lander and orbiter launched aboard a Long March 5 rocket from the Wenchang Satellite Launch Center on Hainan Island on Thursday. It is China’s first solo mission to Mars after a previous attempt with Russia failed several years ago.
The state-owned China Aerospace Science and Technology Corporation declared the launch a success and said the Tianwen-1 rover had been successfully transferred to the “predetermined orbit,” according to an official post on WeChat.
Meanwhile, the U.S. is gearing up for a launch of NASA’s Mars Perseverance Rover which is scheduled for July 30.
China’s Tianwen-1 will arrive at its destination seven months after launch. The orbiter will orbit Mars while the rover and lander will make a journey to the surface of the Red Planet.
Scientists from the world’s second-largest economy hope to map the geological structure of Mars, investigate the characteristics of its soil and water-ice distribution, study the surface material composition and more broadly understand the environment on the planet, according to the mission’s chief scientist.
The U.S. is the only other country that has landed and operated a rover on Mars, so if China’s mission is successful, it would be a big feat.
China has put a big emphasis on space over the last few years. President Xi Jinping urged the industry earlier this year to make China a “great space power as soon as possible,” according to state-backed China Daily.
But China has faced some setbacks in getting its Mars ambitions off the ground. In 2011, it attempted to launch an orbiter called Yinghuo-1 on a Russian spacecraft being launched by a Ukrainian rocket. But the launch ultimately failed.
And in 2017, the second launch of the Long March 5 rocket ended in failure.
But China has also seen some recent successes. It was the first nation to land a spacecraft on the so-called dark side of the moon. And earlier this year, China launched the final satellite to complete its global navigation system called Beidou.
China’s Mars mission comes after the UAE successfully launched its Mars probe, named Hope, earlier this month and as the U.S. gears up for its own mission to the Red Planet.
The flurry of Mars launches has to do with timing. Approximately every 26 months, the Mars and Earth are closer than usual, allowing for a launch.
The U.S. is slated to launch its Mars 2020 Perseverance Rover on July 30 with the aim of studying life on the planet. The rover will seek signs of habitable conditions on Mars in the ancient past but also indications of “past microbial life,” according to NASA.

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Crypto crashes because of black Friday discount

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Crypto crashes because of black Friday discount
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Crypto crashes because of black Friday discount

Cryptocurrency prices are tanking this morning, with some of the biggest coins recording double-digit percentage drops as the global Black Friday discount shopping event gets underway and fears over a new Covid “variant of concern” spread. The combined crypto market has dropped under $2.5 trillion, down from a peak of around $3 trillion earlier this month.

24-hour crypto market snapshot
Bitcoin (-7%) $53,793
Ethereum (-10%) $3,959
Avalanche (-18%) $103.12
Cro (-19%) $0.6518

The bitcoin price is this morning off by over 7%, with ethereum down by 10%. Bitcoin is quickly falling towards $50,000 while ethereum has edged below the closely-watched $4,000 level. Bitcoin’s price fall comes amid a sharp dip in its hash rate, a measure of the computing power directed at the bitcoin network. Quantum Economic’s Jason Deane spotted the decline.

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Fidelity Leaderboard
Ethereum rivals Binance’s BNB, solana, cardano and polkadot are all down by more than 10% with recent big gainers Crypto.com’s cro and avalanche down by almost 20% since this time yesterday.

Expect a lot of “buy the dip”-style advice from price boosters on Twitter and YouTube today and over the weekend amid claims of a crypto “Black Friday sale.”

Metaverses, the idea that we’ll all soon be living in a virtual world accessed via the likes of social media giant Facebook and VR headsets, could eventually create $1 trillion in annual revenue across the advertising, digital events, e-commerce and hardware industries, research from crypto investment company Grayscale has found.

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It matters because as people’s lives move more online, digital scarcity, smart contracts and online ownership created through bitcoin, other cryptocurrencies, and non-fungible tokens (NFTs) will help form the foundations of the virtual economy. Video games are already embracing tokenization and Facebook’s rebrand under the Meta umbrella has kicked off a wave of interest in how digital assets will fit into the new virtual economy.

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Igbo Girl Becomes Pilot After Dad Said He’ll Jump Off Plane If He Sees Female Pilot.

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Igbo Girl Becomes Pilot After Dad Said He'll Jump Off Plane If He Sees Female Pilot.
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23 Year-Old Igbo Girl Becomes Pilot After Dad Said He’ll Jump Off Plane If He Sees Female Pilot.

Meet – Miracle Izuchuwu, 23-year-old Nigerian born Private Pilot, Commercial Pilot (candidate) and Flight Attendant at American Airlines. She recently joined the elite group of 7% of females and 1% of black female Pilots in the world.

Hear her story...

I grew up in a society that did not encourage young girls to dream big, career-wise.

In 2019, I had an encounter with an Airline Pilot while working as a customer service rep. He opened my eyes to the possibility of becoming a Pilot. A few weeks later, I went on a discovery flight that sealed it for me..

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I came home that day, called my father, and told him I was considering becoming a professional Pilot.

He said, and I quote: “if he gets on a plane and sees a woman as the Pilot, he would get off the plane”

words cannot explain the pain and confusion I felt. I needed that validation.

What if, in raising children, we focus on ability instead of gender?

In a world that wants us to whisper, I choose to shout.

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Electricity Consumers Not Required To Pay For Meters Under NMMP – NERC

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Electricity Consumers Not Required To Pay For Meters Under NMMP - NERC
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Electricity Consumers Not Required To Pay For Meters Under NMMP – NERC

The Nigerian Electricity Regulatory Commission says under the National Mass Metering Programme electricity consumers are not required to pay directly for the meters issued to them.

This is contained in a statement NERC issued in Abuja on Monday.

“We wish to reiterate that the NMMP designed to provide all consumers of electricity with meters is a policy intervention of the Federal Government supported by the Central Bank concessionary loans to Electricity Distribution Companies (DisCoS).

“This laudable initiative is still very much on course as a total of over 900, 000 units of meters have so far been installed under the takeoff scheme without any payment by benefiting consumers.

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“While this doesn’t cover many of the unmetered customers, we are pleased to inform electricity consumers that the next phase under which about four million units of meters would be procured from local meter manufacturers has commenced,” it said.

NERC and electricity albatross
The Commission further stated that pending the conclusion of the NMMP procurement processes and the commencement of manufacturing and installation, consumers may decide to acquire a meter from the Meter Asset Programme, the News Agency of Nigeria reports.

Electricity Consumers Not Required To Pay For Meters Under NMMP – NERC

NERC said that the regulatory framework approved by the commission under MAP/NMMP Regulation provides for refund of the cost of meter through energy credits to the customer at the time of vending.

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The commission said that the recently issued notice by the commission on the adjusted cost of the meter was designed to protect consumers from arbitrary pricing by MAP.

According to NERC, this is in the context of recent changes in macroeconomic parameters affecting the cost of production.

NERC advised that clarification be made from its Public Affairs Department on any regulatory matter to avoid misinforming innocent consumers.

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