Blockchain, digital assets face legal hurdles: SIFMA

first_imgfintech and blockchain icons on financial technology background monsitj/123RF Keywords Cryptoassets,  BlockchainCompanies PriceWaterhouseCoopers LLP, Securities Industry and Financial Markets Association James Langton SIFMA said that efforts to develop digital assets and the underlying blockchain technology could generate cost savings in settlement, increase the speed and security of issuance and settlements, and boost market transparency, among various other potential benefits.However, SIFMA also noted that several key issues need to be addressed before the market can fully develop.In particular, while many of the traditional regulatory frameworks and concepts that currently govern securities markets could theoretically be extended to digital assets, “many of the legal issues are still yet to be resolved, as market participants, regulators and legislators continue to learn about and understand the use case for security tokens and DLT,” SIFMA said.These issues include whether blockchain technology can meet firms’ regulatory books and records requirements; whether broker-dealers can comply with their asset control requirements when using blockchain-based systems; and whether firms involved in the clearing and settlement of digital asset transactions need to be registered.“As the industry moves forward with the broader adoption of these assets and their supporting technology, SIFMA believes further dialogue between industry participants and regulators will help support the further growth of the markets for the security tokens and the adoption of the technology that supports them,” SIFMA said.“Security tokens and related DLT are a prime example of emerging technologies which may have the ability to offer new and cost-efficient methods of capital formation,” said Kenneth Bentsen, Jr., president and CEO of SIFMA, in a release. The securities industry and its regulators will have to address some fundamental compliance questions before digital assets and blockchain systems can be more fully adopted by the traditional securities sector, says a new paper.U.S. industry trade group the Securities Industry and Financial Markets Association (SIFMA) has issued a white paper with PricewaterhouseCoopers LLP (PwC) that examines the operational and regulatory challenges posed by adopting distributed ledger technology (DLT) and digital assets within the securities industry. CME launches “micro” Bitcoin futures Related news Hedge funds look to increase crypto exposure G7 tax pledge may be upstaged by CBDC work Facebook LinkedIn Twitter Share this article and your comments with peers on social medialast_img read more

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Barnes tips ‘sensational’ Gyan to impress

first_imgGhana striker, Asamoah Gyan is being tipped by Liverpool legend John Barnes to enjoy a successful second season in England.Barnes is backing Gyan to improve on his first season’s performance because of his attitude.Barnes, who is on a trip to Accra in an interview, to be aired on Thursday on Oti Adjei Report on TV3, explains that even though the Ghanaian is yet to reach his full potential, Gyan epitomises the good attitude to build on his debut performance.“He has been fantastic and he has had a good career, he is a very good player and adjusted straight away. He scored goals and showed his quality and that has a lot to do with his attitude.“A lot of the Ghanaian players have good attitude, good determination, good spirit. There are certain African countries with better individual players, but for me the Ghanaian players play with the right spirit, the right attitude, which are all part of the qualities you need to be a good footballer, because he works very hard.“You may say there are better players technically but in terms of what he gives to the team he has been sensational,” Barnes says. After managing double figures in his first season in England, following his £13-million move from Stade Rennes in England, Barnes thinks Gyan can impress again.“It will be a bigger challenge but I think he is up to the challenge because of his commitment and desire. I know from watching him play for Ghana that he gives 100 % when he plays.“If you rest on your laurels after a first season, the second season will be a big challenge and he doesn’t seem to be the kind of player to do that. He seems to be the kind of player who still has the desire to do what he has done and do it again.”Source: Ghanafa.orglast_img read more

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“Avengers: Infinity War” assembles biggest opening weekend of all-time with $250 million

first_imgMarvel Studios(LOS ANGELES) — Avengers: Infinity War posted the highest opening weekend of all-time at the box office, delivering an estimated $250 million stateside, topping the $247.9 million set in 2015 by Star Wars: The Force Awakens.The 19th film in the Marvel Cinematic Universe also set a worldwide box office record with a whopping $630 million, thanks to its estimated $380 million overseas haul — the second-highest international weekend ever, behind The Fate of the Furious.Marvel now boasts six of the top 10 opening weekends of all time, with Disney holding nine of the top 10.In second place was A Quiet Place, earning an estimated $10.65 million, followed by I feel Pretty, in third place with an estimated $8.1 million.Rampage copped fourth place, delivering an estimated $7.1 million.Rounding out the top five was Marvel’s Black Panther, which received a bump from Avengers” Infinity War. Black Panther earned an estimated $3.6 million over the weekend, bringing its total in the states to $688 million, and its global numbers to over $1.33 billion.Disney is the parent company of Marvel and ABC News.Here are the top 10 movies from Friday through Sunday, with estimated weekend gross ticket sales:1. Avengers: Infinity War, $250 million2. A Quiet Place, $10.65 million3. I Feel Pretty, $8.1 million4. Rampage, $7.1 million5. Black Panther, $4.38 million6. Super Troopers 2, $3.6 million7. Truth or Dare, $3.2 million8. Blockers, $2.9 million9. Ready Player One, $2.4 million10. Traffik, $1.6 millionCopyright © 2018, ABC Radio. All rights reserved.last_img read more

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3 Filipinos among Asia’s best in boxing

first_imgShanghai officials reveal novel coronavirus transmission modes ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next MOST READ Three Filipinos won in the 2016 Asia’s Best in Boxing Awards, Asian Boxing Confederation President Serik Konakbayev of Kazakhstan announced on Wednesday.Abap’s 2014 discovery Criztian Pitt Laurente, 16, of General Santos City, was cited as Best Junior Boxer in Asia for 2016 for his spectacular Gold Medal win in the Children of Asia Tournament held in Yakutsk, Russia last July. Laurente won the only gold medal for the Philippines in that competition, where Filipinos competed in nine different sports.ADVERTISEMENT Laurente comes from a family of boxers. His father Cristino is one of General Santos’ foremost boxing coaches, elder brother Criz Sander is also a national team member, mother Rosalinda is an ABAP National Referee-Judge.Long-time Abap head coach Patricio Gaspi was acknowledged as the Best Asian Coach. Gaspi, a former national boxer, is the Chairman of the ASBC Coaches Commission and is a certified AIBA 3-Star Coach (the highest level) and is also a certified AIBA Coaching Instructor. He is also a member of the AIBA Coaches Commission.FEATURED STORIESSPORTSGinebra teammates show love for SlaughterSPORTSWe are youngSPORTSFreddie Roach: Manny Pacquiao is my Muhammad AliMaria Karina Picson, who passed the ITO (International Technical Official) Course and Examinations in Antalya, Turkey in 2011 and the AIBA Supervisor’s Course and Examinations in 2015 in Almaty Kazakhstan, was recognized as the 2016 Best Supervisor in Asia.She is certified for all three AIBA programs- AOB (AIBA Open Boxing, the Olympic program) WSB (World Series of Boxing, a team tournament fought in 5 rounds) and the APB (AIBA Pro Boxing, fought over 12 rounds). Picson is also a member of both the AIBA and ASBC Women’s Commissions. Taiwan minister boards cruise ship turned away by Japan PLAY LIST 01:31Taiwan minister boards cruise ship turned away by Japan01:33WHO: ‘Global stocks of masks and respirators are now insufficient’01:01WHO: now 31,211 virus cases in China 102:02Vitamin C prevents but doesn’t cure diseases like coronavirus—medic03:07’HINDI PANG-SPORTS LANG!’03:03SILIP SA INTEL FUND View comments As fate of VFA hangs, PH and US forces take to the skies for exercise Senators to proceed with review of VFA Don’t miss out on the latest news and information. Smart hosts first 5G-powered esports exhibition match in PH EDITORS’ PICK We are young Nadal looks to kickstart 2017 in Brisbane Where did they go? Millions left Wuhan before quarantine Abap President Ricky Vargas sent a congratulatory message to the three awardees calling them “Asia’s Best, Philippines’ Pride.”Vargas encouraged them to continue to strive for excellence in their respective roles and to inspire everyone in ABAP to do the same.There were 14 awardees in all including Danita Yeleussinov of Kazakhstan as Best Male Elite Boxer, China’ Yu Jin Hua (Best Woman Elite Boxer), Hayato Tsushima of Japan (Best Youth Boxer), Asian Discovery of the Year Shakhram Giyasov of Uzbekistan, Kuok Veng Vong of Macau as Best Asian ITO and Kazakhstan as Best Asian National Federation for 2016. Chinese-manned vessel unsettles Bohol town Chinese-manned vessel unsettles Bohol town Smart’s Siklab Saya: A multi-city approach to esports PH among economies most vulnerable to viruslast_img read more

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Tech Spending 2015: Focus is on Cybersecurity

first_imgCybersecurity tops 2015 CIO priorities. [Image by University of Maryland, Merrill College of Journalism]Cybersecurity it 2015’s top priority for most CIOs.  That’s according to a recent survey by the brokerage company Piper Jaffray. “CIOs clearly have heightened concerns from the many security breaches that occurred in 2014, resulting in an inflection in overall security spending.”While 65 percent of businesses expect to grow their overall IT spending by at least 2 percent this year, 75 percent say that they’ll be spending more on security.  37 percent are looking outside their organizations to third-parties to manage their security needs.Andrew Nowinski, vice president and senior research analyst at Piper Jaffray, told CRN that “I think the high-profile breaches alone definitely made CIOs more cognizant of the holes they [need to] patch in their environment,” Nowinski told CRN. “The breaches have highlighted the need for an increase in spending, and some of the repercussions that a lot of these breach entities suffered, including the loss of business, has made it clear how damaging a breach can be.”Enterprise software is another category of spending that’s expected to see strong growth in 2015.  Piper Jaffray is estimating that budgets for cloud-based application will grow by 6 percent.  On-premise spending will grow by 2 percent.Storage remains a high priority for CIOs, but it’s position as a top priority is down to 51 percent this year, compared to 54 percent who listed storage as a high priority last year.last_img read more

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How DCIM Aligns CIOs, IT and Facilities Teams on Same Path

first_imgThis article originally appeared on www.datacenterfrontier.com and has been republished with permission of the author. It’s been said that today’s data center is the railroad infrastructure of our Digital Age and that the world’s business travels along its rails. As we witness the proliferation of Big Data analytics and the advent of IoT, Artificial Intelligence and Machine-to-Machine (M2M) technologies across the enterprise, the metaphor has never been more appropriate as organizations pursue their digital transformation.To embrace these game-changing technologies and their potential to transform the data center from a cost center into a strategic vehicle that increases business agility and profitability, it is in the mutual interest of the data center manager, facilities staff and C-suite executive to work together to satisfy their many overlapping business requirements by the most cost-effective means possible. But in many enterprises, the CIO, IT and data center facilities teams work separately and with little communication.This failure to communicate, compounded by data center environments that may be hamstrung with legacy equipment, often leads to conflict — avoidable conflicts, as we shall see. For example, the IT department, which is rarely responsible for the data center’s electric bill, may not be aware of how their activities are impacting a facility’s power expenditures. And since they lack transparency into how much power they are using, they may fail to enable power management and cooling options.This lack of insight gives IT organizations less incentive to operate their data center environment more efficiently, and the gap between IT and facilities can result in lower productivity, slowed service deployment, inefficient equipment, lost revenue, increased expenses and unscheduled downtime.It’s these last two points that should give the C-suite executive pause. According to the Ponemon Institute, the cost of an unplanned data center outage is now approximately $9,000 per minute. North American businesses alone collectively lose $26.5 billion each year due to IT downtime and data recovery. As for OpEx, Gartner predicts that by 2020, data centers in the United States alone will require six times the electricity consumed by New York City in a single year. As we all know, energy costs continue to be the fastest-rising expense for today’s data centers.Towards the Goal of Digital Transformation with an Eye on the Bottom LineWith out-of-the-box support that allows you to painlessly save on CapEx and OpEx, Intel Data Center Manager (DCM) is the easiest way to modernize your data center, providing complete visibility and control as well as remote management. Intel DCM’s intelligent software provides real-time power and thermal consumption data, lending the clarity that IT staff needs to lower power usage and increase rack density to maximize the full value of infrastructure. Additionally, by monitoring for component failures before they can create a problem, downtime is minimized and data center managers can continue or prolong operations during power outages.Intel Data Center Manager provides power and thermal monitoring and management for servers, racks, and groups of servers in data centers. By using existing servers as wireless sensors and analyzing the data they already collect, these data-driven insights enable business users to achieve the performance levels they require.Intel DCM is hardware agnostic, leveraging firmware capabilities present within most modern #servers.”Intel DCM is hardware agnostic, leveraging firmware capabilities present within most modern servers. The key advantage is that data center managers working with legacy equipment, who want the benefit of granular power monitoring but also to avoid the prohibitive extra cost of installing intelligent power strips and UPSs, can monitor the active components that really matter.Intel DCM enables data centers to leverage investments in systems already present, lower costs by optimizing power and cooling resources and minimize costly downtime. And by this means, enterprise CIOs, IT and facilities teams can finally start down the same track more confidently, and with a shared vision as they pursue their organization’s digital transformation.last_img read more

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American triumph and disappointment in Olympic ice dance

first_imgMOST READ The Shib Sibs — Maia and older brother Alex Shibutani — added a bronze medal in the event to their team bronze early in the Pyeongchang Games.U.S. champions Madison Hubbell and Zach Donohue made two key errors in their free dance and slid from third to fifth place.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingMadison Chock and Evan Bates had an even bigger slip-up: the rare ice dance fall.Still, a third, fifth and 12th with a major mistake should not be underplayed. That path led them from ninth place at the Sochi Games to two U.S. championships. They also have three world championships medals. And now, an Olympic jewel.“It’s really been a leap of faith we had to take,” Maia Shibutani said. “We really have discovered we need to be ourselves.”Added Alex: “We found we needed to not play characters but to be Maia and Alex.”He is 26, she is 23, and they didn’t want to look ahead to another Olympic go-round. But Hubbell and Donohue made it clear they aren’t through; he is 27 and she soon will be.Hubbell’s eyes were wet when she spoke about the rough go in the free dance. They had been perennial third-place finishers in America before making a huge leap this season, winning their first national title. They believed the Pyeongchang Games would be their special moment.Then they made two errors in the free dance, one early and then a late stumble by Donohue.“At this moment, we are disappointed and frustrated,” Hubbell said, “because this was not close to our best. At this level, you cannot afford to make mistakes against this type of competition.“But we will build off this and not allow this to be our legacy.”Donohue admitted he wasn’t as mentally sharp as he needed to be in such a pressure-cooker atmosphere. He looked back at last year’s worlds, when they hoped to compete for a medal and wound up ninth.“Every experience brings a piece of information we didn’t have before,” he said, noting the couple would pay extra attention to their mental approach as they prepare for next month’s world championships in Milan. BeautyMNL open its first mall pop-up packed with freebies, discounts, and other exclusives Hotel says PH coach apologized for ‘kikiam for breakfast’ claim PH military to look into China’s possible security threat to power grid Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Don’t miss out on the latest news and information. “It’s great for us and it’s great for Team USA,” Maia Shibutani said after they moved up from fourth place and held off a Russian couple to give the United States a podium spot for the fourth straight games: a gold, two silvers and a bronze.“It feels like gold,” Alex Shibutani added. “It’s unbelievable.“It’s such an honor to represent your country in the Olympics, and our sport is such a strong event, as you saw from the marks,” he said, noting that the top two duos — gold medalists Tessa Virtue and Scott Moir of Canada, silver winners Gabriella Papadakis and Guillaume Cizeron of France — set world records Tuesday. “It’s amazing to have that Olympic moment we dreamed of.”The Shibutanis also believe their performance could lead to more siblings and more Asian-Americans in ice dance. Alex noted how rare each combination is.“We had no path to follow,” he said. “There was no blueprint for us. (Coach) Marina Zueva had no experience with siblings or Asian-American ice dancers and we had to discover by ourselves our own path.”ADVERTISEMENT ‘We cannot afford to fail’ as SEA Games host – Duterte Judiciary Committee set to take over Trump impeachment probe SEA Games: PH still winless in netball after loss to Thais LATEST STORIES Madison Chock and Evan Bates of the United States stumble and fall perform during the ice dance, free dance figure skating final in the Gangneung Ice Arena at the 2018 Winter Olympics in Gangneung, South Korea, Tuesday, Feb. 20, 2018. (AP Photo/Bernat Armangue)GANGNEUNG, South Korea — Ecstasy, heartbreak and a crash.Kind of sums up the American ice dance experience at the Winter Olympics.ADVERTISEMENT ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims Chock and Bates didn’t want to look beyond Tuesday. They were the only ice dancers to have a fall in the entire competition, and it came as they were preparing to do a combination spin. Their blades clicked just as he was bending down and she was beginning to spin.Crash!“It’s impossible to do the spin with our feet attached,” Bates said.“We were too close together,” Chock explained.“It’s a moment we wish we could have back,” Bates added. “It’s a mistake that has never happened in training before, ever. There’s no explanation.”Chock and Bates also didn’t want the fall to take away from the message they were trying to convey while skating to John Lennon’s “Imagine.”“We hope we got the message of peace across,” Chock said as she wiped her eyes. “We think the audience understood.”Sports Related Videospowered by AdSparcRead Next Cavs, Warriors ready to chase in NBA’s sprint to the finish View commentslast_img read more

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Photo: Cardale Jones’ Customized IPhone Features His Initials, Nickname

first_imgCardale Jones celebrates scoring a rushing touchdown.ARLINGTON, TX – JANUARY 12: Quarterback Cardale Jones #12 of the Ohio State Buckeyes celebrates after scoring a one yard touchdown in the second quarter against the Oregon Ducks during the College Football Playoff National Championship Game at AT&T Stadium on January 12, 2015 in Arlington, Texas. (Photo by Christian Petersen/Getty Images)When you go from being a third-string quarterback to leading your team to a national championship like Ohio State’s Cardale Jones did, you get plenty of notoriety. You can also get a pretty slick IPhone that’s customized with your initials and distinctive nickname. The IPhone was fixed up by Fredo Neucase, whose service is based out of California. The script is a nice look, as is the addition of the “12 Gauge” nickname on the bottom right. Jones still has to win the starting quarterback job for this season, but it’s doubtful that J.T. Barrett or Braxton Miller’s phones look as cool as this.last_img read more

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Examining Tate Martell’s Ohio State Recruiting Class: How Many Players Will Commit To The Buckeyes?

first_imgTate Martell's white board Ohio State recruiting class.Tate MartellOn Thursday, Tate Martell tweeted out a list of the players he is recruiting to Ohio State. The list is pretty loaded. Here’s the 14-player list, which includes 10 five-star prospects.  Hopefully I’ll be able to put a on my white board next to Wyatt Davis name after tomorrow! #GoBucks @wyattdavis53 pic.twitter.com/X6ICrSLCOO— Tate Martell (@TheTateMartell) June 23, 2016How many of these recruits will end up committing to Ohio State?Here’s where the Buckeyes stand with each of the prospectsQBs – Emory Jones, five-star QB in 2018Jones recently visited Ohio State and admitted that the Buckeyes are leading his recruitment. A commitment is likely. RBs – Cam Akers, five-star RB in 2017 The No. 2 running back in the country is believed to favorite Ole Miss, but Ohio State is in contention, along with Alabama, Florida State, Georgia, Mississippi State and Tennessee. A commitment is probably unlikely. OL – Wyatt Davis, five-star OG in 2017; Trey Smith, four-star OT in 2017Davis is announcing his commitment later today and he’s expected to pledge to Ohio State. Smith, a Tennessee native, is likely headed to SEC country. WRs – Tyjon Lindsey, Trevon Grimes, Donovan Peoples-Jones – all five-star wideouts in 2017Lindsey is currently visiting Nebraska, who might be leading his recruitment. Ohio State is believed to lead for Grimes, while Peoples-Jones, a Michigan native, is probably headed to the Wolverines. Getting just one of these guys is probably likely. DL – Chase Young, five-star DE in 2017; Jay Tufele, four-star DT in 2017Ohio State and Maryland are in a head-to-head battle for Young, while Tufele is probably headed to Oregon. LBs – Baron Browning, five-star LB in 2017; Anthony Hines, four-star LB in 2017Browning is a Texas native and Ohio State is competing against four in-state schools, so the Buckeyes have a tough road ahead. Hines is also from Texas and will likely stay in the Midwest. DBs – Jeffrey Okudah, five-star safety in 2017; Lamont Wade, four-star cornerback in 2017; Darnay Holmes, five-star athlete in 2017Ohio State leads for Okudah and is in position to land a commitment from him. The Buckeyes are also the favorite for Wade. Holmes, meanwhile, is being recruited by everyone. A couple of his teammates have committed to Nebraska and he could be headed to Husker country. —–Expected commitments: six out of 14.last_img read more

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Reese Witherspoon To Speak At Simpatico Conference Down Under

first_imgReese Witherspoon will speak at the Simpatico Conference in Australia and New Zealand in July.Reese is headlining a formidable speaker lineup of five exceptional speakers and facilitators, as part of the Simpatico Conference Series, a two day personal and professional development program.Reese Witherspoon’s involvement with the Simpatico Connection will benefit the incredible charitable work of Save the Children.Accompanied by exceptional business leaders, authors and facilitators from around Australia including Naomi Simson, Elize Hattin, Lisa Lockland-Bell, Vicki Webster, and Alice Haemmerle, The Simpatico Conference 2016 will be an inspiring, stimulating, and thought provoking experience.The Simpatico Conference aims to deliver a new way of thinking, moments of inspiration and a whole range of moments of pure perspiration – the tools and strategies you can choose to implement immediately to craft the world you truly say you want.With four content rich workshops across two days delivered by educators who are experts in their field, this conference is for you if you know you want to: • Master the art of impact and influence; • Harness the power of what already exists within and around you; • Understand the framework for being heard in a crowded world; • Build resilience and the ability of navigate change; • Drive collaboration in challenging and complex environments; • Learn to deal effectively with toxic leadership; • Become a proactive participant in the drive for innovation; • Take control of your thinking and accelerate your ability to learn and grow; and • Build the confidence to own it – who you are, and what you bring to the table.To find out more, click here.last_img read more

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