Facebook details path forward for Libra project

first_imgHome Facebook details path forward for Libra project Facebook Facebook trials feature to connect neighbours Australia funds regulator to oversee new media law Kavit Majithia WhatsApp payments resurfaces in Brazil AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 17 APR 2020 Previous ArticleSamsung unveils Galaxy Tab S6 LiteNext ArticleTele2 claims Nordic climate neutrality first center_img Facebook outlined a revamp for its planned Libra cryptocurrency project, scaling-back its initial vision for the initiative in a bid to appease global regulators.The move confirms a Bloomberg report last month, which speculated about an overhaul, in light of the regulatory backlash Facebook faced since unveiling Libra in June 2019.In a statement, Facebook specified a “path forward” for Libra, with an updated strategy which will see the play run more akin to a traditional payments network by offering digital versions of currencies already on the market, dubbed “stablecoins”, backed by their cash value.It also plans to support digital currencies launched by banks and it will marry blockchain technology with accepted regulatory frameworks.In light of its changes, Libra’s governing body the Libra Association started a process to formally apply for a licence with the Financial Markets Supervisory Authority in Switzerland. The licensing process will have input from central banks and other financial regulatory supervisors around the world.The company, which had originally aimed to launch the platform early this year, will now look to rollout at the back end.BacklashFacebook faced scrutiny US and European regulators about its initial plans for Libra, which proposed using cryptocurrency in place of traditional money transfers to slash remittance costs and promote global financial inclusion. Regulators argued digital currencies must be fully investigated before launching, due to concerns around money laundering and impact to monetary stability.To address money laundering concerns, Facebook added it would establish a financial intelligence unit to vet those using the system.Regulatory scrutiny led to high-profile backers, including Vodafone Group, Visa and Mastercard, among others, pulling their support for the project. Subscribe to our daily newsletter Back Tags Asia Author Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Relatedlast_img read more

Read more →

Lewis wins ShopRite by 6; takes over No. 1

first_imgGALLOWAY TOWNSHIP, N.J. – Stacy Lewis is back on top. And this time, she’s ready to stay there for a while. Lewis won the ShopRite LPGA Classic on Sunday to take the top spot in the world ranking from Inbee Park, finishing with a 4-under 67 for a six-stroke victory. No. 1 for four weeks early last year, Lewis ended Park’s 59-week run in the top spot. ”It feels great,” Lewis said. ”I feel like I’ve played a lot of good, consistent golf over the last year and I felt like I deserve to be here. I didn’t feel like I stumbled into it.” Lewis finished at 16-under 197 on the Bay Course at Stockton Seaview Hotel and Golf Club and earned $225,000 for her second victory of the year and 10th overall. Also the 2012 winner at Seaview, she won the North Texas LPGA Shootout last month after finishing second six times in her previous 16 events since winning the Women’s British Open in August. She joins Sorenstam (1998, 2002, 2005), Juli Inkster (1986, 1988) and Betsy King (1987, 1995, 2001) as the only multiple winners in the tournament. ”That’s a pretty good list of people there,” Lewis said. ”That’s not too bad. Wow, that’s really cool.” Christina Kim was second after a 72, marking her best finish since 2010. Park closed with a 70 to tie for eighth at 7 under. She’s winless in 10 tour starts this season after sweeping the first three majors last year and finishing the season with six victories. ”It is a little bit relief not to have the big heavy crown on my head,” Park said. ”It’s not the end of the world.” Lewis finished a stroke off the tournament scoring record set by Annika Sorenstam in 1998 and 2005. The 29-year-old Texan opened with a 67 and had a 63 on Saturday to take a one-stroke lead over Kim into the final round. On Sunday, she was hardly threatened, using birdies on the third and fourth holes to open up a two-stroke lead before picking up two more consecutive birdies to open the back nine – holing a 25-foot putt on No. 10 and a 15-footer on No. 11. Despite her first bogey in 42 holes at No. 12 and then missing two short putts on No. 17 for another bogey, Lewis had built up enough of a cushion to cruise home with the largest margin of victory in the tournament’s 26-year history. ”I don’t know what it is about this place,” Lewis said. ”It’s just really special to me. I’ve played some really good golf here, and it’s just mind-boggling to think I have 10 wins.” Jennifer Johnson (72), Haeji Kang (69), Anna Nordqvist (70) and Gerina Piller (70) tied for third at 9 under. Johnson opened with a course-record 62 and followed with 70 for a spot in Sunday’s final pairing with Lewis and Kim. But the 22-year-old Californian had a double bogey and two bogeys on the back nine to fall out of contention. Kim had a run of three straight birdies on No. 9-11, but shot 3 over on the final seven holes, including a double bogey on 18. ”I hadn’t been in contention in a while so I kind of forgot what it was like having nerves,” Kim said. ”And it kind of showed on the last hole.” Lewis smiled and pumped her fist to the crowd as she walked down the fairway at 18, relishing her new place atop the world ranking. Her brief stay as No. 1 last year was a rocky one, with Lewis admitting that she had trouble dealing with the extra obligations that came with the top spot. ”With a good team of people around me,” Lewis believes she’s more prepared to handle those duties and be the face of the LPGA. ”The last time it was taken away from me in an off-week when we weren’t even playing, so I’m definitely just not going to take it for granted and really enjoy it this time. Now I know all the extra things that come along with it. But I’m ready for it this time.” Karrie Webb, last year’s champion, tied for eighth after a 67. Third-ranked Lydia Ko bounced back from a second-round 75 to shoot 69 and finish at 1 under.last_img read more

Read more →

Germany aids Namibian logistics

first_imgThe project’s detailed operational plan with set focal areas will commence in 2017. GIZ technical advisor, Michael Engelskirchen, explains that Namibia’s roads are crucial to the tourism, mining and transport sector of the country and as such cater for a huge portion of its economic growth.”German Cooperation is actively supporting the country since its independence, we are happy to continue to be a part of the country’s development. While this task is ambitious, we are motivated by the impact this project will have,” he states. Through aligning their activities to agree on the division of tasks and support, the partnership has already taken its first step toward what will later become the full implementation of the Logistics Master Plan.According to Mr Engelskirchen, the development of marketing strategies to promote the country as the logistics hub for the region to attract customers and international investors is one of the pillars agreed upon with the Logistics Hub Project. Other pillars within the project involve capacity development and institutional support in setting up the implementation unit. WBCG’s logistics hub manager, Clive Smith echoes these sentiments. “The focus is on supporting the implementation of the Logistics Master Plan to the extent of an effective and resource efficient road and transportation sector. Partnering with GIZ to achieve the country’s transport goals stipulated in the National Development Plan (NDP4), not only leans toward the full implementation of the Logistics Hub Project, but also significantly contributes towards transforming the country into the logistics heart of the region”.The Walvis Bay Corridor Group is a public-private partnership established to promote the utilisation of the Walvis Bay Corridors, which is a network of transport corridors principally comprising the Port of Walvis Bay, the Trans-Kalahari Corridor, the Trans-Caprivi Corridor, the Trans-Cunene Corridor, and the Trans-Oranje Corridor.www.wbcg.com.nalast_img read more

Read more →

Hawks sign young QPR defender

first_img Follow West London Sport on TwitterFind us on Facebook QPR youngster Caden Genovesi has joined non-League Whitehawk on loan. The left-back has been captain of QPR’s Under-18 side this season and will link up with goalkeeper Seny Dieng, who recently joined the National League South club on loan from the R’s. AdChoices广告Genovesi could make his debut for the Hawks against St Albans on Saturday in the FA Trophy.Whitehawk are currently bottom of the table with only four points, having not won a league game this season.  See also:Hall says injury was his ‘lowest point’Colin could return for Birmingham against QPRQPR boss explains changes for Birmingham gameHall passed fit as QPR head to BirminghamTwo directors resign from QPR company boardNgbakoto plays in QPR Under-23 gamelast_img read more

Read more →

Southgate: Chelsea youngsters deserve England call-ups

first_imgSee also:Lampard confirms Willian contract talksLampard wants more of the same from AbrahamChelsea youngsters named in England squadLampard delighted with Tomori’s progressionKante to be assessed ahead of Chelsea’s Saints clashZappacosta suffers serious knee injuryFour Chelsea players in England Under-21 squad Video: HaytersTVEngland boss Gareth Southgate talks about Fikayo Tomori and Tammy Abraham being included in his squad for games against Bulgaria and the Czech Republic. Defender Tomori has been called up to the senior squad for the first time, while striker Abraham is back in after a fine start to the season for Chelsea. AdChoices广告Their Blues team-mates Mason Mount and Ross Barkley have again been included. Tomori, who previously played for Canada at Under-20 level, has impressed since being promoted to the first team by Chelsea manager Frank Lampard, having played under him on loan at Derby County last season.Southgate said: “It’s a good opportunity for us to take a closer look at him.” Follow West London Sport on TwitterFind us on Facebooklast_img read more

Read more →

Russian bobsledder who failed doping test, once wore ‘I Don’t Do Doping’ sweatshirt

first_img Related Sean M. Haffey/Getty Images(PYEONGCHANG, South Korea) — Russian bobsled pilot Nadezhda Sergeeva made quite a fashion statement last year when she appeared in a promotional video for clothing brand Zasport, wearing a sweatshirt with “I DON’T DO DOPING” emblazoned across it.The irony?The Russian Bobsled Federation on Friday confirmed that Sergeeva, a member of for the Russian women’s team in Pyeongchang, had tested positive for a banned heart medication.In the video, which resurfaced following confirmation that the substance was in her system, Sergeeva, 30, wears the “I DON’T DO DOPING” sweatshirt as she trains at the Sliding Center Sanki Olympic bobsledding track near Sochi.Zasport is the official clothing provider for Russian athletes.“If we are here, and we are clean — we should be able to walk under our flag,” Sergeeva told Yahoo Sports, when asked how she felt about the O.A.R. (Olympic Athletes from Russia) label on her suit.The Russian Bobsled Federation said that Sergeeva, 30, whose sled placed 12th in the women’s competition on Wednesday, had passed a doping test five days earlier.Copyright © 2018, ABC Radio. All rights reserved.Powered by WPeMaticolast_img read more

Read more →

‘Magnificent Fridays’ for Boks, Proteas

first_img25 January 2011The government has launched a “Magnificent Friday” campaign to encourage South Africans to get behind the country’s national sporting teams, three of which are gearing up for World Cups taking place this year.Sports Minister Fikile Mbalula, along with the national rugby, cricket and netball associations, launched the campaign in Pretoria on Friday.Mbalula called on all citizens to wear their favourite team’s jersey, as well as participate in the numerous activities in the pipeline, every Friday leading up to the respective World Cup tournaments.The 2011 Cricket World Cup, taking place in India, Sri Lanka and Bangladesh, starts next month, while the Netball World Championship takes place in Singapore in July, and the Rugby World Cup kicks off in New Zealand in September.“Every Friday is going to be a rocking Friday,” Mbalula said at Friday’s launch, which was broadcast live on SABC2’s Morning Live programme. “Every Friday will be magnificent. Through this campaign, we are building a movement of excellence and success.“The response this morning from South Africans was fantastic,” Mbalula added. “We want to make things happen in the area of sports in this country, we want people to understand that we are alive, vibrant and we rock!”Next Friday, the Magnificent Friday campaign will be taken to Park Station in Johannesburg.“Through this campaign, we want our people to rally behind our national teams, but we are also deepening nation building, and we want our people to demonstrate passion for their various sporting codes.”Mbalula said Magnificent Friday would kick off in his department with staff members wearing the three national team’s jerseys. “Throughout the campaign, we will be leading from the front, along with the Department of Arts and Culture.”The minister added that he expected players to reciprocate by demonstrating their fighting spirit on the field and by “making the nation proud”.Source: BuaNewslast_img read more

Read more →

South Africa’s riel dancers bring back gold

first_imgDie Bushmans Kloof Nuwe Graskoue Trappers set the bar high recently when they took part in their first international competition. (Image: Bushmans Kloof)It’s the thing that makes their hearts tick. And now, after more than a week in the United States, it is also the thing that allows Die Bushmans Kloof Nuwe Graskoue Trappers to bring home three gold medals and a silver, along with a buckets of pride.The riel dance group from Wupperthal, the impoverished town in the Cederberg, Western Cape, for the first time showcased their skills on an international stage for Team South Africa, at the 19th Annual World Championships of Performing Arts in Los Angeles. They are expected to return to their homes by this afternoon.They represented South Africa with something that was owned by them, said Floris Smith, the manager of the dance group, Die Nuwe Graskoue Trappers. He was referring to the riel dance – known as Africa’s oldest dance. This dance is what makes the hearts of Smith’s team tick. “It is in our soul. Our children is born with it and they grew up with the riel,” he said.The championships took place from 10 to 19 July. After a few workshops and a boot camp with delegates from all over the world, the team took the stage on opening night and was said to have blown the crowd away. Die Nuwe Graskoue Trappers at the opening of WCOPA in Los Angeles. (Image: Facebook)THEIR ACCOLADESOn 12 July, Die Nuwe Graskoue Trappers competed against six other countries in the Production Line Competition. Their performance consisted of riel dancing, gumboot dancing, riel tap and the five-piece band that led the dancers. They won the gold medal, followed by France taking silver and Philippines bronze.On the same day, Dr Ellen Roux, the national director of the South African and Namibian Team, walked away with the Best Director’s Trophy as well as the bronze for the Best Costume.Later in the competition, Die Nuwe Graskoue Trappers won gold in the Ethnic Folk Dance Category with their riel dancing. Jobry Swart and Zarion Samson who won the Division Award in the Open Dance and Tap Category, landed a one-month scholarship with Millennium Dance Company. (Image: Facebook)Two of the dancers – Jobry Swart and Zarion Samson – also took the Division Award in the Open Dance and Tap Category, landing a one-month scholarship with Millennium Dance Company. The silver medal was awarded for the gumboot routine in the same category.They also made it through to the semi-finals of the Grand Champion Dance Group of the World Award, as one of only three acts across the globe, said the Trappers’ marketing team.Other awards included silver medals for the band in the Instrumental Open, Instrumental Jazz and Instrumental Original categories, and guitarist Efraum Kotze’s bronze medal in the Instrumental Open Trio category.“This is the ultimate reward for all the hard work we’ve put in over the past three years and all the sacrifices we’ve made,” said Smith.“We can hold our heads up high now knowing that we have shown the world that we are among the best of the best. Our gold and silver medals belong not only to us but to the community of Wupperthal, to Bushmans Kloof and its owners the Tollman family, and to all the people of South Africa who believed in us and supported us. Thank you. You gave us the wings to fly.”The team shared their excitement on Facebook, with many supporters posting their congratulations:    Some proud South Africans also gave their support:TRAPPERS BACKGROUNDAccording to the news portal Netwerk24, the 11 members of Bushmans Kloof Nuwe Graskoue Trappers who went to Los Angeles were between the ages of 12 and 19. The group also won the ninth Afrikaanse Taal en Kultuurvereniging (ATKV) Riel Dance Championships in 2014 as the best junior team. In Los Angeles, they took part in 10 categories, including the traditional folk dance.Cindy van Rooy, one of the dancers, told the news portal SABC that she was honoured to compete on an international stage. “In our community, it is only my sister and I that went overseas. My whole community and my family feels good about this achievement.”ABOUT THE RIELBorn out of traditional Khoi and San ceremonial dances around the fire, the riel has been practiced by descendants of these indigenous cultures for many years. Riel dancers typically dress in traditional farm workers’ outfits, the girls in dresses with aprons and old frontier bonnets, and the boys in waistcoats and hats adorned with feathers, finished with the famous, hand-made red veldskoene (ankle boots) from Wupperthal.This traditional dance form is recognised as a creative cultural expression, and includes courtship rituals, mimicking typical animal antics along with lots of bravado, showmanship and foot stomping.Dr Michael le Cordeur, the president of the ATKV and the deputy president of the Afrikaans Language Monument, describes the riel as a dance that can build bridges between language communities, and one that can unite Afrikaans-speaking people.Smith told documentary makers Goosebump Productions that his team planned to preserve what they did for as long as they could. “It is important that we preserve our heritage, our tradition, our culture. As we know, right across the world traditions are dying out, especially in this community. It [the riel] is giving a sense of identity to the children.“It is important that we preserve what is own to our country and that which is own to our region,” he said.Before the trip to Los Angeles, Smith said that there was much excitement in the community. “Everybody is standing together, wanting their children to succeed on the international stage.”Bertie Zaas, one of the musicians, agreed, and said his heart’s desire was that the youth be educated. “I felt I wanted to be part of the riel. I want them to take it to a higher level.”last_img read more

Read more →

HR Technology Q & A with Tim Sackett

first_imgThe 2016 HR Technology Conference is October 4-7. Over the next week The SHRM Blog will feature a Q & A series with several HR technology experts who will offer their perspective on how technology is impacting the HR profession today — and their predictions for the future. The TA Technology space has been exploding over the past couple of years. The tech surrounding candidate engagement and communication is some of the coolest stuff I’ve seen. Most companies are calling this ‘Artificial Intelligence’ but the reality is less sexy than the marketing, but leaps and bounds better than anything we’ve had previously. Technology can now easily keep you engaged with great talent until you have the need to tap them on the shoulder and deliver just in time hires. Something our hiring managers have always wanted from us!  The following is a Q & A with Tim Sacket, President of HRU Technical Resources: When I speak to most HR or TA leaders about who their best hires are they will always tell me the same thing, “Referrals!” When I ask them who their highest quality hires are they will say the same thing, “Referrals!”  Q. What is the single most important piece of technology an HR pro can have in 2016?  Q. Which new type of HR technology is most revolutionizing the HR profession?  When I ask them how much they spend on technology to help them get more of their #1 kind of hires, it’s also almost always the same answer, “Zero.”  Q. What important questions should HR professionals ask HR technology vendors in the selection process? Q. Now that everyone is using HR technology to find and manage employees, how can organizations use technology to attract them? Give me three references – one who is a long term user of your product, one who is currently going through implementation, and one who recently left you for another product.  You want to talk to all three of these groups. People who love them, people who are going through the pain of implementation and people who no longer love them. This will give you a true picture of what you’re really going to get yourself into.  Q. What advice do you have for HR professionals that will help to ensure a more successful technology implementation? Where are most mistakes made? Employee referral automation is probably the least used, most valuable technology purchase you can make. First off HR and TA leaders need to stop trying to ‘customize’ every piece of technology to their own processes. Very smart people spent millions of dollars developing software that works. As soon as you ask for a customization you just broke that software and it now no longer works like it was designed to work. Give up your processes and follow the processes of the technology you bought in the way it was designed. Most implementations fail because HR and TA first didn’t ensure user adoption amongst themselves before rolling it to the rest of the organization.  I want to say a phone and email is the single most important piece of tech HR must have, but I think that’s now a given. So, I’ll go with a core system of record (HRIS) and an ATS. Money is no longer a factor to have this technology and it’s the foundation of your HR Tech Stack. There’s great tech on the market that is super cheap and will raise your HR game up to a new level. last_img read more

Read more →

The Story of the Fail Whale

first_imgHow An Unknown Artist’s Work Became a Social Media Brand Thanks To the Power of Community Twitter users are very familiar with the iconic image of the Fail Whale. This social object has been latched onto by Twitter fans not just as a representation of Twitter’s downtime, but also as a representation of the community’s love for the service and their hope for its triumph over their many struggles. Despite Twitter’s troubles, most of its users stayed true, watching and waiting as the team began the long process of recoding the application in order for it to scale up. As Twitter succumbed to the strain of running their under-provisioned service, the Fail Whale “over capacity” image would appear. And this image began to take on a life of its own. This is the story of the Fail Whale.Fail Whale’s Beginnings You probably thought that Twitter was using designs they paid for, right? Well, apparently that was not the case. The designer behind the Fail Whale, Yiying Lu, had posted the image to the stock photo web site, iStockPhoto. (She has now removed the original link). Although the image of the Fail Whale was widely known, the designer herself was not. Tom Limongello decided to change that. Tom had once made himself a Fail Whale t-shirt from a screenshot which he wore at a Mashable party. Of course, the shirt was a huge hit. But Tom couldn’t really post the shirts for sale because he didn’t have rights to the design. Yet, here was an entire community of Fail Whale fans – many of which who had gathered at failwhale.com – who wanted a shirt of their own. But then Tom met the designer Yiying Lu when her iStockPhoto link was tweeted to the @FailWhale Twitter user from Twitterer @emmastory. The Fail Whale project (@FailWhale, failwhale.com) is a community effort created by Sean O’Steen, (@seanostee) whose mission was to create a brand from the Fail Whale phenomenon. Sean is responsible for the Fail Whale web site and the Twitter profile, but the name “Fail Whale” itself was coined by Nick Quaranto.Setting Up The Fail Whale StoreDespite the popularity of the Fail Whale, creator Yiying Lu wasn’t really profiting from her iconic work. Twitter.com did not link to her and she didn’t have an online store for Twitter fans. So Tom took it upon himself to give her a call. He told Yiying, who lives in Australia, but is originally from Shanghai, about the project, the community’s desire for merchandise, and the Fail Whale’s potential, and asked her to create a Zazzle store so everyone could enjoy her work. And thus the Fail Whale online store was born. On zazzle.com/failwhale, fans can now customize their own shirt with their own handle and slogan. Now, not only could Fail Whale fans buy the shirt, they were also helping to support the artist, too.FailWhale Zazzle ShopSpreading the News: Fail Whale Has Arrived!The next question the Fail Whale community wanted to address was getting the word out about the Zazzle shop. Tom had originally wanted to send shirts to the team at Twitter as gesture of community support, and he now also realized that the gesture could also be a way to promote the artist herself and her new shop.So, the Fail Whale fan club rallied together to round up the $361.17 needed to purchase 20 shirts and have them shipped to Twitter’s offices. Also included with the shirts was a note from Tom and the gang which offered a message of support to the Twitter team and also a request to tweet a thank you to Yiying which included the link to the Zazzle store. Letter to Twitter in support of FailWhale – Upload a Document to Scribd Read this document on Scribd: Letter to Twitter in support of FailWhaleTwitter’s Evan Williams did end up tweeting about the shirts shortly after their arrival. Though he wasn’t sure how to react (tweeted: “mixed feelings”), he did include the link to the online store. Tom equates this tweet to a media buy…at a $25.06 CPM. Of course when you take into account the re-tweets and the other subsequent Twitter messages linking to the online store, the effective CPM goes down quite a bit.Ev’s TweetFail Whale Fan ClubThe Fail Whale fan club at failwhale.com now actively promotes the Zazzle store as well as the additional shop that Yiying Lu opened up for t-shirts and accessories at failwhaleshop.com. The Zazzle shop has made around $4200.00 from the 12,000+ visits they’ve received since June 25th. The fan club also runs a Facebook group that currently has 3154 fans.But the number of sales made is only one aspect to this story – what’s more compelling is the torrent of social media cooperation that Ev’s tweet set off. Since then, Tom, Sean, and Yiying have continued to manage the Fail Whale community across the numerous social sites, making new friends, starring their favorite fan photos, and interacting with those who post to the Facebook fan page wall. Sean even extended the Fail Whale concept to TUAW recently which showed the Apple iPhone similarly being carried by Yiying Lu’s birds during the low point of iPhone 3g activation issues last Friday night. Fail iPhoneThe Birth of a Social Media ObjectIt’s also notable that this social media effort has gone the opposite route as what has been seen with another iconic brand: Hello Kitty. The fans of that brand have literally stolen the image to make fan art, claiming that Hello Kitty is now part of our pop culture. Normally, the internet encourages this type of piracy, but in the case of the Fail Whale, by promoting the artist, the designer’s identity and official link have floated to the top. The Fail Whale story is one that shows the value of open content. By making the art available, Yiying is now going to profit in more ways than if she had simply made the art available for purchase. She will be earning profits from merchandise at both shops and from the sale of her prints and she will certainly win some future design work from this as well. Of course, her successes come from more than just the work itself, but also from the power of the community who embraced it. The marriage of the two breathed life into the art and created a modern-day social object which emanates the hope of the community and the love they have for the brand. You can see more of Yiyang’s work on her personal site, yiyinglu.com. A Web Developer’s New Best Friend is the AI Wai… sarah perez Related Posts 8 Best WordPress Hosting Solutions on the Marketcenter_img Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… Tags:#Features#Trends#web last_img read more

Read more →