Year: 2014

Monedderlust FC seals quarterfinal berth

Monedderlust FC sealed their berth to the quarterfinal section of the ECFA/EBFA and BFA Stag Beer Super 16 Knockout tourney, overcoming East Coast of Demerara unit Grove Star FC 2-1 on Sunday at the No. #5 ground in Berbice.

Emmitt Leacock gave the visitors the initial lead as he found the back of the net compliments of a 10th minute conversion. However, Travis Henry would level the matchup for the home side to push the fixture into extra time with a 71st minute effort.

The go-ahead winner would then be realized in the 103rd minute as Clifford Campbell found the back of the net. In the second matchup of the night, Berbice unit Cougars FC clipped the wings of Soesdyke Falcons by a 3-0 margin.

Sherwin Parris broke the deadlock for the winners with a 41st minute strike. The lead would then be increased in the 45th+1 minute as Albert Anderson etched his name on the scorer’s sheet. The result would then be completed in the 77th minute through an own goal.

 

 

 

 

Read more at www.stabroeknews.com

Mercario Partnering With Mimetic Markets to Launch First Bitcoin Exchange in Honduras

Honduran Mercario partners up with American Mimetic Markets to launch the first Bitcoin exchange in Honduras.

Hosted by Mimetic Markets, freshly announced trading platform Mercario will allow users to trade Honduran lempiras, Brazilian reals and bitcoins on a robust and scalable system. In a company’s announcement, Mimetic Markets CEO Sameer Parekh Brenn stated:

“We’re excited to be working with the team from Mercario. When we first met them, we were impressed with their interest in financial innovation, and as the relationship matured, we learned of their strong commitment to providing their local communities with all the benefits that crypto-currency technologies have to offer.”

While Mercario currently supports real, lempira and bitcoin, the company said it is looking to extend its offerings and provide a wider range of financial services for more currencies and financial products, including predictions, futures and other derivatives.

According to Mercario co-founders Guillermo Peña Panting and Rodrigo Marques dos Santos, Honduras and Brazil are ripe markets for cryptocurrency technologies. Peña Panting stated:

“With the access to mature markets through the many free trade agreements, developing economies need to adopt new technologies to create the wealth their residents need, and we believe the blockchain is a great and low cost tool to enable people to learn from international best practices and expand their business horizons.”

As of Marques, the entrepreneur firmly believes the platform will allow the two said countries to “lead the region’s financial markets,” as well as help “developing infrastructure to support their local commodity and energy industries.”

After registration, users are asked to provide the necessary KYC/AML compliance requirements before being able to trade. Mercario also offers a robust API designed by the Wall Street veterans from Mimetic Markets.

Mimetic Markets is a Boulder-based financial software company…

Read more at cointelegraph.com

ECFA clubs reach Berbice Cup semis

East Coast Football Association (ECFA) clubs Victoria Kings and Ann’s Grove sealed their respective berth to the semi-final round of the Starlite Generation/ Monedderlust FC 2nd annual Berbice Cup knockout tourney on Saturday.

Played at the Monedderlust FC ground, No. #5 Village, West Coast Berbice, Victoria Kings got the better of Berbice’s New Amsterdam United 3-1 while Ann’s Grove pummeled fellow ECFA unit Golden Grove 5-1.

The two teams will now faceoff in the semi-final on Saturday at the same venue.

The second semi-final will be between defending champs Monedderlust FC and Cougars FC.

In the opening encounter, Aubrey Gibson gave Victoria Kings the early advantage as he broke the deadlock compliments of a 28th minute strike following a one-on-one situation with the opposing custodian.

Another one-on-one situation with the Berbice shot-stopper would lead to the ECFA heavyweights doubling their lead 10 minutes later as strike partner Winston Pompey etched his name on the scorer’s sheet.

The struggle would continue for the Berbice unit as they conceded once more with Seon Robinson finding the back of the net in the 44th minute to give Victoria Kings a 3-0 advantage.

Unable to find the back of the net following the commencement of the second period, Victoria Kings would be reduced to 10 men as Sherlock Dowden picked up his second bookable offence in the 70th minute.

New Amsterdam United would eventually capitalize on their numerical advantage as Adrian Adams netted through a 90th+4 minute conversion. In the second match of the evening, Kevon Barry gave Ann’s Grove the early lead, netting in the 11th minute.

Kevin Bailey would then increase the lead as he scored 15 minutes later. Ann’s Grove’s advantage increased when Dean Rodgers found the back of the net in the 31st minute.

With the scores unchanged following the end of the first half, Golden Grove would pull one back in the 63rd minute through a Randy Stoby effort. However, that would be the closest…

Read more at www.stabroeknews.com

Crypto-Prank-ology



Marc’s buddy, Johnny Chavez finally wins a load, but his day in the sun will be overshadowed when Marc pranks his run. Jennifer hauls a cold, creepy, …

Bitcoin Foundation Bangladesh Suspends Operations

The Bitcoin Foundation has issued a new statement suggesting that it is currently investigating whether bitcoin and digital currency transactions are now illegal in Bangladesh.

However, citing general uncertainty surrounding this week’s statements from the Bangladesh Bank, the Bitcoin Foundation Bangladesh, the organisation’s first Asia-based affiliate, will suspend operations.

In a post entitled “The Case for Bitcoin in Bangladesh“, executive director Jon Matonis suggested that…

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Taiwan Is Not Overly Dependent on China – The Diplomat

The following is intended to clarify inaccurate assertions in Ricky Yeh’s article for The Diplomat, “Over-Dependence on China Will Doom Taiwan.”

First, regarding the statement “The Ma administration’s policies conveniently neglect the consequences of ‘locking’ Taiwan’s economy with the very source of the main security threat facing Taiwan:”

Enterprises from around the world have been attracted to conduct business and invest in mainland China since it opened its economy to foreign companies and began its economic reforms. Naturally, Taiwanese companies are among these enterprises. Mainland China is now Taiwan’s biggest export market and investment destination.  However, Taiwan is not an exception in this regard. Take the 12 members of the Trans-Pacific Partnership (TPP) for example. Mainland China is the top trading partner for six TPP member states and the second-largest trading partner for another five members.

Still, the government of the Republic of China (ROC) never neglects the importance of national security when developing trade and economic ties with mainland China. In consideration of the special political relations between the two sides of the Taiwan Strait, the ROC government screens investment projects from mainland enterprises on a case-by-case basis. This is in addition to formulating laws to regulate their business activities in the country in order to safeguard Taiwan’s economic environment and national security. Furthermore, the ROC government imposes restrictions on or denies investment applications filed by mainland enterprises that may be politically, socially or culturally sensitive or impact on national security.

To prevent Taiwan from becoming economically over-dependent on mainland China, which would endanger national security, the ROC government is actively seeking to participate in regional and global economic integration, increase the added value ratio of industrial sectors and upgrade the international…

Read more at thediplomat.com

Two draws as ECFA Stag Beer second round commences

League leaders Victoria Kings were held to a 1-1 draw by fifth positioned side Beterverwagting (BV)/Triumph when the second round of the East Coast Football Association (ECFA) Stag Beer senior league commenced at the Victoria Ground on Sunday.

Aubrey Gibson gave the home side the brief advantage as he found the back of the net through a 36th minute attempt.

The lead would be short-lived as Delroy Dean secured a point for the visitors, stunning the home support with a conversion four minutes later through a penalty kick, following an infraction within the 18 yard box.

In the opening fixture of the day, sixth positioned outfit Golden Stars FC and newcomers and cellar occupants Sparta United also battled to a one-all stalemate. Randy Stoby gave the Stars the early lead as he broke the deadlock compliments of an 18th minute strike.

However Sparta United would walk away with a share of the spoils as Theon Carr added his name to the scorer’s sheet with a 60th minute conversion. The action is set to continue over the weekend.

On Saturday at the Buxton Community ground, home side Buxton Stars will face off with Sparta United in the lone fixture at 16:00hrs. On Sunday at the Victoria Ground, Buxton United will faceoff with Mahaica Determinators in the opening fixture at 16:00hrs.

In the feature contest, home side Victoria Kings will oppose Ann’s Grove at 18:00hrs.

Read more at www.stabroeknews.com

Cryptocurrency Use is a ‘Punishable Offense’

Update (17th September 3:00 BST): A full translation of the statement from the Bangladesh Bank has been added to the piece.


The central bank of Bangladesh has issued a new statement suggesting that the use of digital currency is now illegal in the country.

The Bangladesh Bank, as originally reported by the Agence France-Presse (AFP), has said that the use of bitcoin and other cryptocurrencies is unlawful under existing anti-money laundering (AML) statutes.

The Bangladesh Bank noted in its…

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Why nobody should be upset that the ALS foundation only spends 27% of donations on research — Quartz

The news that ALS Association (ALSA), which has reportedly raised almost $90 million through the viral “ice bucket challenge,” only spends 27% of its money in actual research is generating outrage.

Critics say this is far too small a proportion, and some are quoting Christian charity watchdog ECFA’s standard of efficiency which states 80% of funds should go to the cause that any nonprofit advocates.

But while ASLA’s breakdown says that less than 30%  goes to research, the association’s mission statement is broader:

“The mission of The ALS Association is to lead the fight to treat and cure ALS through global research and nationwide advocacy, while also empowering people with Lou Gehrig’s Disease and their families to live fuller lives by providing them with compassionate care and support.”

It’s arguably fair, then, to add the 32% that goes to “public and professional education” and the 19% to “patient and community services” to the tally of funds spent in pursuit of the association’s mission. That adds up to 79%.

In fact, according to charity evaluator Charity Navigator, ALSA’s overall rating is 90.73/100, with a financial score of 87.24/100.

By comparison, the Multiple Sclerosis Association of America (MSAA), with a cause not unlike ALSA’s, gets a score of 81.79/100 (financial score: 74.43/100) and devotes 66% of its funds to program-related activities.

Komen, a charity that addresses breast cancer, spends 82.9% of its budget on the program, yet its overall rating is 81.96/100 (financial score: 74.67/100).

Aside from the outcry about the 27% spent on research, ALSA has raised concerns because of the high salaries of its top executives. But they are well within the range of nonprofit salaries; the compensation for ALSA’s CEO compares favorably with that of his peers, including some who run low-performing nonprofits:

The debate on whether people working in charities should be well paid is an old one, and it’s far from being…

Read more at qz.com

Bangladesh Becomes Bitcoin Foundation’s First Asian Affiliate

The Bitcoin Foundation has announced its first affiliate group in Asia, with Bitcoin Foundation Bangladesh becoming the latest local advocacy group to join its international network.

The addition of Bangladesh means the Bitcoin Foundation has built an international chain of affiliates in just eight months. The newest member joins groups in Canada, Mexico, Australia, Germany, Denmark and Netherlands.

The president of Bitcoin Foundation Bangladesh, Sazeeb (no last name given), said:

“To be…

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