Thu. Jun 20th, 2019

“Bul” on Jellyfish Lake lifted: Koror HOTL cites study as basis for reopening

Over a year and five months after a traditional decree called “Bul” was issued to order the closure of the famous Jellyfish Lake following the vanishing of its millions of Jellyfish population, Koror’s House of Traditional Leaders has opted to lift the Bul on Wednesday, October 17, citing positive development based on a scientific study by the Coral Reef Research Foundation (CRRF).

In a public announcement, Koror’s House of Traditional Leaders, the Rubekul Oreor, stated that the decision to re-open the Jellyfish Lake was based on a scientific study by the CRRF which it claimed to have confirmed that the lake’s temperature has normalized and that the jellyfish has returned.

The number of jellyfish population, however, was not indicated in the announcement.

Island Times tried to get the side of the CRRF to confirm the status of the lake but was told to come back to their office next week, pending appointment for interview.

“It is now up to the conservation and law enforcement of Koror State to do their part in monitoring traffic to the jellyfish lake,” the public announcement reads.

On May 1 last year, the Rubekul Oreor has issued the Bul on the lake in an effort seen as a means to revive the golden jellyfish population – an act that previously caused disagreement between the elected Koror State government officials and the traditional leaders.

Island Times previously reported that the previous Koror State administration had opposed the closure of the lake, asserting that only the state government and legislature have the legal authority to regulate it. (Rhealyn C. Pojas)


ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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