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UK scientists have begun developing vaccines as an insurance against a new pandemic caused by an unknown “Disease X”.

The work is being carried out at the government’s high-security Porton Down laboratory complex in Wiltshire by a team of more than 200 scientists.

They have drawn up a threat list of animal viruses that are capable of infecting humans and could in future spread rapidly around the world.

Which of them will break through and trigger the next pandemic is unknown, which is why it’s referred to only as “Disease X”.

Sky News was escorted around the site, which is run by the UK Health Security Agency, to see the work being done in high-containment labs.

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Risk of future pandemics ‘rising globally’

Professor Dame Jenny Harries, the head of the UK Health Security Agency (UKHSA), told Sky News: “What we’re trying to do here is ensure that we prepare so that if we have a new Disease X, a new pathogen, we have done as much of that work in advance as possible.

“Hopefully we can prevent it [a pandemic]. But if we can’t and we have to respond, then we have already started developing vaccines and therapeutics to crack it.”

The Vaccine Development and Evaluation Centre at Porton Down has been expanded to take on the work.

Originally, it was focused on COVID and testing the effectiveness of vaccines against new variants.

But scientists at the centre are now involved in monitoring several high-risk pathogens, including bird flu, monkeypox and hantavirus, a disease spread by rodents.

File photo dated 25/02/21 of the Dstl high containment lab building at Porton Down in Salisbury, Wiltshire
Image:
File photo of a high containment lab at Porton Down

One early success is the world’s first vaccine against Crimean-Congo haemorrhagic fever, a disease that’s spread by ticks and has a fatality rate of 30%.

Early-stage clinical trials have just started, with 24 volunteers expected to test the jab.

The disease is becoming more common in Europe as global temperatures rise and some travellers have returned to the UK with the infection.

Read more:
Deadly cat virus in Cyprus could be ‘potentially catastrophic for UK’
The NHS COVID app is closing down – but is the pandemic really over?

UK scientists have begun developing vaccines as an insurance against a new pandemic caused by an unknown ‘Disease X’. The work is being carried out at the government’s high-security Porton Down laboratory complex in Wiltshire by a team of more than 200 scientists.

Prof Harries said climate change and population shifts are making another pandemic more likely.

“What we’re seeing is a rising risk globally,” she said.

“Some of that is because of things like urbanisation where you may get virus jumping into humans [living close-by], as we’ve seen with bird flu.

“And some of it is because of climate change where you get things like ticks and mosquitoes moving to where it was previously cold and is now becoming increasingly warm.

“So this is a growing risk agenda. But it’s one we can use our science actively to prevent human impact.”

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Bird flu is currently thought to be the most likely pandemic threat.

The Royal Society for the Protection of Birds says at least 30,000 seabirds have died around the UK this summer as a more virulent strain of the H5N1 virus has swept around the world.

There is also evidence of limited spread in some mammals.

Bird flu is currently thought to be the most likely pandemic threat. The RSPB says at least 30,000 seabirds have died around the UK this summer as a more virulent strain of the H5N1 virus has swept around the world.
Image:
Bird flu is currently thought to be the most likely pandemic threat

And four people working on poultry farms in the UK have also tested positive, but were only mildly affected.

The UKHSA has started monitoring people in close contact with birds in case it can spread without causing symptoms.

The agency is part of a global effort to develop a vaccine within 100 days of a new pathogen being recognised as having pandemic potential.

“Historically, that would be unheard of,” said Prof Harries.

“It would normally take five or 10 years. For COVID it was around 360 days.

“So this is a really high ambition. But for some viruses, it is definitely possible.”

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Bitcoin Policy Institute reps sound alarm on de minimis tax exclusion

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Bitcoin Policy Institute reps sound alarm on de minimis tax exclusion

Representatives of the Bitcoin Policy Institute (BPI), a nonprofit Bitcoin advocacy organization, warned that US lawmakers have not included a de minimis tax exemption for Bitcoin transactions below a certain threshold.

“De Minimis tax legislation may be limited to only stablecoins, leaving everyday Bitcoin transactions without an exemption,” Conner Brown, BPI’s head of strategy, said on X, adding that the decision to exclude Bitcoin (BTC) is a “severe mistake.”

In July, Wyoming Senator Cynthia Lummis introduced a bill proposing a de minimis tax exemption for crypto transactions of $300 or less, with a $5,000 annual limit on tax-free transactions and sales.

The bill proposal also included tax exemptions for digital assets used for charitable donations and tax deferment for crypto earned through mining proof-of-work (PoW) protocols or staking to secure blockchain networks.

Allowing a tax exemption for small Bitcoin transactions would increase its use as a medium of exchange rather than just as a store of value asset, allowing a new financial system built on a Bitcoin standard, BTC advocates say.

Bitcoin Regulation, Cash
Source: Conner Brown

The discussion around de minimis tax exemptions has also raised questions about whether such relief should apply to stablecoins, which are designed to maintain a stable value.

“Why would you even need a De Minimis tax exemption for stablecoins,” Marty Bent, founder of media company Truth for The Commoner (TFTC), wrote on X. “They don’t change in value. This is nonsensical.”

Cointelegraph reached out to BPI about the proposed legislation, but had not received a response at time of publication. 

Related: Japan’s new crypto tax could wake ‘sleeping giant’ of retail investors

Bitcoin is gaining value, but it isn’t being used as peer-to-peer electronic cash

The Bitcoin white paper, authored by its pseudonymous creator Satoshi Nakamoto in 2019, describes Bitcoin as a “peer-to-peer electronic cash system.”

However, relatively high transaction fees, average block times of about 10 minutes, and capital gains taxes on Bitcoin stifle BTC’s use as a payment method for goods and services.

Many Bitcoin investors choose to hold BTC for the long term, sometimes borrowing fiat currency against their BTC holdings to pay expenses and fund everyday purchases.

Bitcoin Regulation, Cash
The Bitcoin white paper was published by Satoshi Nakamoto in 2009. Source: Satoshi Nakamoto Institute

The Bitcoin Lightning Network is a second-layer protocol designed for BTC payments, which works by locking a specific amount of BTC in a payment channel between two or more people.

Users connected through a payment channel can conduct multiple transactions offchain, with only the final net balance recorded on the Bitcoin ledger for settlement once the channel is closed.

This makes Bitcoin transactions faster and cheaper, as the users in the payment channel do not have to wait for new blocks to be mined or pay a network fee for each transaction between parties in the channel.

Magazine: The one thing these 6 global crypto hubs all have in common…