Two-tier Test scheme should have been shot down early: Anurag Thakur

first_imgIndia played a key role in sinking a proposal for a two-tier structure in Tests but it should never have been up for discussion at the International Cricket Council’s meeting, according to Indian cricket board president Anurag Thakur. (ICC forced to withdraw two-tier Test proposal)The ICC shelved the proposal after opposition from India and other full members at a two-day meeting at the world governing body’s headquarters. (Latest Cricket stories)The proposal had the top seven ICC-ranked Test sides competing in the first tier and the remaining three full members in a pool with Afghanistan and Ireland, the leading two teams among the ICC’s associate members.The scheme was intended to provide more context to bilateral Test series and allow the associate nations a chance to compete in the five-day format which is struggling to stave off dwindling popularity across the globe. (BCCI threatens to pull out of 2017 ICC Champions Trophy)”It is off the table,” BCCI president Anurag Thakur told Reuters on Thursday.”This should have been shot down at the proposal stage itself as it is not in the interest of all nations.”The BCCI, richest among the ICC’s member boards, believed the division would be financially detrimental to the lower-ranked Test sides and might not be the right answer to the longest format’s falling television viewership. (Also Read: New selectors to be appointed post interviews, no role for CAC, clarifies Anurag Thakur)BANGLADESH, ZIMBABWE BACK BCCIThakur, 41, said India had been supported by the boards of Sri Lanka, Bangladesh and Zimbabwe in shooting down the proposal at the ICC meeting which concluded on Wednesday.advertisement”West Indies also didn’t want the two-tier system while we were confident we could convince top-ranked Pakistan in supporting us,” Thakur, a member of parliament representing India’s ruling Bharatiya Janata Party, said by phone.The ICC said its members had made progress on how to take all three of cricket’s formats forward and popularise the game but provided no details.”There are some complexities, not least because of scheduling and existing structures, but we envisage the changes being implemented for 2019,” ICC CEO David Richardson said in a statememt.”Members will now revert to their boards to share the details of the proposed revised structures and principles.”Australia’s cricket board had expressed its support for the two-tier proposal to provide context to Test cricket, among a number of other full members.Cricket Australia (CA) declined to comment on its rejection directly but said it welcomed “progress” at the ICC meeting.”The workshop provided a forum for all views to be heard and discussed – and for members to work together to build an improved model for bilateral cricket played between nations,” CA CEO James Sutherland said in a statement.”We are confident that the additional structure and context proposed for each of the three formats will significantly enhance cricket’s offering to fans across the globe.”last_img read more

Brian Shaw Close To NBA HeadCoaching Job

Brian Shaw has put in his time. He was a long-time and highly regarded assistant coach under Phil Jackson with the Los Angeles Lakers. When he was bypassed for Mike Brown when Jackson retired, Kobe Bryant was upset.Shaw was insulted and bolted to the Indiana Pacers, where he served this season as associate head coach on a team that surprised many.Now, he’s in the running for two head-coaching positions: in Charlotte and Orlando.Shaw, who won three titles as a player, is among the hottest assistants in the league and could land in with the Magic. Michael Jordan, owner of the Charlotte Bobcats, reportedly is considering Shaw and current Lakers assistant and former Missouri coach Quinn Synder.Jerry Sloan, the Hall of Famer and former coach of the Utah Jazz, pulled his name from consideration for the Charlotte job.Snyder interviewed with Jordan and the Bobcats for a second time this week. And while Shaw has more NBA experience than Snyder, winning three titles as a player and another two as an assistant coach with the Lakers, he has never been a head coach. Snyder has only two years’ experience as an assistant coach in the NBA — starting in 2010-11 with the Philadelphia 76ers followed by last season with the Lakers — but prior to that spent seven seasons as the head coach of University of Missouri followed by three seasons as the head coach of the Austin Toros in the D-League. read more

BAHAMAS Pintard Said Connecting Displaced Young People to the Arts Can be

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, January 11, 2018 – Nassau – At the recent Opening Reception for “Medium” and the Unveiling of the Gates Commission at the National Art Gallery, Minister of Youth, Sports and Culture the Hon. Michael Pintard said in his view culture can have a calming effect if applied to issues of concern currently being dealt with in society.For example, in the ongoing fight against crime Minister Pintard said: “If you take the young man who has a case of self-hatred – which enables him to take the life of someone who looks identical to him, who sounds just like him – and you were to introduce him to a setting like this, where he is able to recognize skills that he has that have never been validated in the society, he begins to see the world differently,” Minister Pintard said.   “He begins to explore certain things in his mind and, more importantly, in his heart, he – or she – has an epiphany.”Minister Pintard said that what his Ministry is doing is asking individuals in society to embrace the creative within themselves.   He added that it could aid in taking the thousands of “disconnected” young people and reconnect them to themselves through the Arts, presenting Bahamian society with a reasonable chance of “doing something transformative” in The Bahamas.Minister Pintard reiterated that it was important to use art as a “national development tool” that helps Bahamian society see the value of the industry, and an image of themselves that they could be in love with and embrace.“It is art that helps us to dismantle the xenophobia that exists in so many societies in The Bahamas, that helps us to look beyond the socio-economic brackets and embrace people from all strata,” he said.Minister Pintard also suggested that art is the “glue” that helps to bring Bahamian society together.   “Let us continue to fund the Arts,” Minister Pintard said to patrons, in particular, that evening.“I honestly believe that we can start a revolution in this country,” he said.   “We wish for our young people to pursue their passion and, of course, to make their passion pay their bills.“We have far too many surgeons holding a scalpel when they would really rather be holding a paintbrush or a torch to cut a piece of iron – far too many persons who are displaced because they have not had enough ‘face time’ with themselves, quiet time, and courage to pursue their passion.”By: Eric Rose (BIS) Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:last_img read more

Poll Who Do You Think Voters Will Choose For Best Rap Album

first_img Who Will Voters Choose For Best Alternative Album? H.E.R.Photo by Prince Williams/Wireimage Cardi B, Post Malone Among 2019 GRAMMYs Performers 61st GRAMMYs: Here’s Your Apple Music Playlist 61st GRAMMYs: Here’s Your Apple Music Playlist Email TLC Photo: Alison Buck/Getty Images Meet The GRAMMY Man: How GRAMMYs Are Made Photo: studioEAST/Getty Images John BillingsPhoto: Jesse Grant/WireImage/Getty Images Who Will Voters Pick For Best Latin Pop Album? Backstage At The 2019 GRAMMYs | Photo Gallery 2019 GRAMMY Awards Red Carpet Poll: Who Do You Think Voters Will Choose For Best Rap Album? Lady GagaPhoto: Christopher Polk/Getty Images TLC Photo: Alison Buck/Getty Images Album Of The Year Nominees | 61st GRAMMY Awards Best New Artist Nominees Revealed | 61st GRAMMYs Nipsey Hussle, ‘Victory Lap’ 61st GRAMMY Awards: Full Nominees & Winners List Poll: Who Will Voters Choose For Best Rap Album? poll-who-do-you-think-voters-will-choose-best-rap-album John BillingsPhoto: Jesse Grant/WireImage/Getty Images H.E.R.Photo by Prince Williams/Wireimage Backstage At The 2019 GRAMMYs | Photo Gallery BTSPhoto: Kevin Mazur/Getty Images Who Will Voters Pick For Best Latin Pop Album? Cardi BPhoto: Dan MacMedan/WireImage Photo: Michael Loccisano/Getty Images Best New Artist Nominees Revealed | 61st GRAMMYs Brandi Carlile, H.E.R. To Play The 61st GRAMMYs Record Of The Year 61st GRAMMY Award Nominees Cardi B, ‘Invasion Of Privacy’ TLC Photo: Alison Buck/Getty Images Album Of The Year Nominees | 61st GRAMMY Awards Who Will Voters Choose For Best Alternative Album? 5 Ways BTS Won Our Hearts At The 2019 GRAMMYs Relive GRAMMY Week 2019 In Pictures Who Will Voters Pick For Best Rap Performance? Artists React To Their 2019 GRAMMY Nominations 2019 GRAMMY Awards Red Carpet 61st GRAMMYs: Here’s Your Apple Music Playlist Album Of The Year vs. Record Of The Year Explained Poll: Who Do You Want To See On The Red Carpet? Photo: Michael Loccisano/Getty Images Cardi B, Mac Miller, Nipsey Hussle, Pusha T and Travis Scott are all in the running—who do you think will win?Ana YglesiasGRAMMYs Jan 9, 2019 – 4:55 pm The 61st GRAMMY Award nominees for Best Rap Album represent a group of hip-hop artists making big waves in music. Their viral tracks and record-breaking albums surely played a big part of the genre’s growing fan base and domination of 2018 streaming numbers.Polls Who Do You Think Voters Will Pick For Best Rap Album? Artists React To Their 2019 GRAMMY Nominations 2019 GRAMMY Awards Premiere Ceremony John BillingsPhoto: Jesse Grant/WireImage/Getty Images Meet The GRAMMY Man: How GRAMMYs Are Made Who Will Voters Pick For Best Rap Performance? 2019 GRAMMY Awards Red Carpet Backstage At The 2019 GRAMMYs | Photo Gallery Following the success her first No. 1 single, “Bodak Yellow,” Cardi B dropped her highly anticipated debut studio album, Invasion Of Privacy, with more hits including “I Like It,” featuring J Balvin and Bad Bunny. The album’s success earned her the title of the first female artist to have an album with all of its songs certified gold or above by the RIAA.Sadly, Mac Miller released his critically acclaimed fifth studio album, Swimming, just a month before he was found dead at his home at the age of 26. The highly personal album spoke to a number of fans, with touching lyrics on songs like “Self-Care.”Nipsey Hussle had been playing in the West Coast rap game for some time before releasing his debut full-length album, Victory Lap, in 2018, and his veteran status shines through on tracks like “Last Time That I Checc’d,” featuring YG.East Coast hip-hop king Pusha T dropped his third studio album, Daytona, after working with longtime collaborator Kanye West as part of his “Wyoming Sessions.” The album’s debut not only gave Pusha his peak-to-date on the Billboard 200 at No. 3, but four out of its seven tracks, including “If You Know You Know,” charted on the Hot 100.26-year-old Travis Scott’s third studio album, Astroworld, gave him his first No. 1 debut, with the viral “Sicko Mode,” featuring Drake, Big Hawk and Swae Lee, catapulting him further into the public’s psyche and the hip-hop big leagues.Who do you think GRAMMY voters will choose for Best Rap Album at 61st GRAMMY Awards? Make sure to let us know in our poll above, and catch the show on CBS on Feb. 10 to see if voters went with your pick.2019 GRAMMY Awards: Complete Nominations List 5 Ways BTS Won Our Hearts At The 2019 GRAMMYs BTSPhoto: Kevin Mazur/Getty Images Album Of The Year vs. Record Of The Year Explained 2019 GRAMMY Awards Telecast | Photo Gallery Cardi B, Post Malone Among 2019 GRAMMYs Performers Who Will Voters Pick For Best Pop Album? Who’s Nominated For Song Of The Year? 61st GRAMMY Awards News Record Of The Year 61st GRAMMY Award Nominees 2019 GRAMMY Awards Telecast | Photo Gallery Pusha T, ‘Daytona’ Photo: Michael Loccisano/Getty Images Photo: studioEAST/Getty Images Who Is Eligible For The Best New Artist GRAMMY? Cardi BPhoto: Dan MacMedan/WireImage Twitter Prev Next Brandi Carlile, H.E.R. To Play The 61st GRAMMYs 2019 GRAMMY Awards Telecast | Photo Gallery Who Will Voters Choose For Best Alternative Album? Record Of The Year 61st GRAMMY Award Nominees Cardi BPhoto: Dan MacMedan/WireImage Meet The GRAMMY Man: How GRAMMYs Are Made Amy Winehouse Best New Artist winner for 2007 | Photo: Peter Macdiarmid/Getty Images Lady GagaPhoto: Christopher Polk/Getty Images Who Will Voters Pick For Best Pop Album? Cardi B, Post Malone Among 2019 GRAMMYs Performers Poll: Who Will Voters Choose For Best Rap Album? Who’s Nominated For Song Of The Year? Album Of The Year vs. Record Of The Year Explained Kacey MusgravesPhoto: Kevin Mazur/Getty Images Who Will Voters Pick For Best Rap Performance? Facebook Album Of The Year Nominees | 61st GRAMMY Awards Poll: Who Do You Want To See On The Red Carpet? 5 Ways BTS Won Our Hearts At The 2019 GRAMMYs Kacey MusgravesPhoto: Kevin Mazur/Getty Images Best New Artist Nominees Revealed | 61st GRAMMYs Kacey MusgravesPhoto: Kevin Mazur/Getty Images 2019 GRAMMY Awards Premiere Ceremony H.E.R.Photo by Prince Williams/Wireimage Artists React To Their 2019 GRAMMY Nominations Who Is Eligible For The Best New Artist GRAMMY? 61st GRAMMY Awards: Full Nominees & Winners List Brandi Carlile, H.E.R. To Play The 61st GRAMMYs Poll: Who Will Voters Choose For Best Rap Album? 2019 GRAMMY Awards Premiere Ceremony BTSPhoto: Kevin Mazur/Getty Images Who Will Voters Pick For Best Pop Album? Amy Winehouse Best New Artist winner for 2007 | Photo: Peter Macdiarmid/Getty Images Who Will Voters Pick For Best Latin Pop Album? Travis Scott, ‘ Astroworld’ Amy Winehouse Best New Artist winner for 2007 | Photo: Peter Macdiarmid/Getty Images Lady GagaPhoto: Christopher Polk/Getty Images Relive GRAMMY Week 2019 In Pictures Poll: Who Do You Want To See On The Red Carpet? Who Is Eligible For The Best New Artist GRAMMY? Photo: studioEAST/Getty Images Poll: Who Will Voters Choose For Best Rap Album? Choices 61st GRAMMY Awards: Full Nominees & Winners List Mac Miller, ‘Swimming’ Relive GRAMMY Week 2019 In Pictures Who’s Nominated For Song Of The Year? Read morelast_img read more

Tetris 99 gets offline mode for Nintendo Switch but it costs 10

first_img The #Tetris99 Big Block DLC is available on Nintendo eShop for $9.99 and adds offline modes! Battle 98 bots in CPU Battle, and survive in Marathon mode to clear the most lines possible! Stay tuned for more on additional upcoming game modes. https://t.co/t6cp0KnJLT pic.twitter.com/VKvai3xRCe— Nintendo of America (@NintendoAmerica) May 10, 2019 How To • How to transfer your Nintendo Switch account to a new Switch V2 See It $299 Tetris 99 Big Block is available for download in the Nintendo eShop.  Amazon The #Tetris99 3rd MAXIMUS CUP is set for 5/17, 12 AM PT – 5/19, 11:59 PM PT! Celebrate the @tetris_official 35th anniversary with this special event! All participants who earn 100 event points will unlock an in-game theme inspired by the original Game Boy game! pic.twitter.com/80Ndphbaib— Nintendo Versus (@NintendoVS) May 10, 2019 $289 Best Buy CNET may get a commission from retail offers. Review • Nintendo Switch review: Pure fun on a big-screen TV or on the go Share your voice Nintendo Switch Walmart $299 See it See It Preview • Nintendo Switch: All the latest details Tags See It Mentioned Above Nintendo Switch (Gray) Gaming News • Are you a Nintendo Switch docker or hander? Post a comment 0 Nintendo Tetris 99 Nintendo Nintendo released an online-only battle royale version of the iconic puzzle game for the Switch in February, and now it’s available for offline play. The Mario maker tweeted the release of Tetris 99 Big Block on Thursday. Priced at $9.99, the downloadable content adds an offline mode to Tetris 99 where players will face off against 98 computer-controlled competitors in lieu of competing online against human players. Also included is Marathon mode, which is the traditional mode to see how long a player can last. Nintendo surprised many gamers when it revealed the new take on classic line-clearing game. Tetris 99 was made available for free to anyone with a Nintendo Switch, however, as it was an online-only game, those wanting to play needed a subscription to the Nintendo Switch Online service, which costs $19.99 a year or $3.99 a month.To celebrate the 35th anniversary of Tetris, Nintendo will host its third Maximus Cup starting on May 17 at 12 a.m. PT until May 19 at 11:59 p.m. PT. All Tetris 99 players competing online during this period can receive points for placing high in matches. The 999 players with the most points will receive My Nintendo Gold Coins to use in the Nintendo eShop. $299last_img read more

Sediments in Gulf of Naples reveal impact on Roman water distribution after

first_img Lead in ‘tap-water’ in ancient Rome up to 100 times more than local spring waters © 2016 Phys.org Painting by Joseph Mallord William Turner (between 1817 and 1820) Vesuvius in Eruption, watercolor. Credit: Yale Center for British Art. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. To bring water to cities, the early Romans built vast waterworks systems using aqueducts and lead pipes—the water that was delivered, unbeknownst to the Romans, contained some amount of lead which in addition to making its way into the bodies of those who drank it, also made it into the ground or other water systems via sewage. In the case of the cities and towns around Naples, sewage was piped to certain locations where it was dumped directly into the harbor which resulted in sediment build up, some of which contained lead particles. Modern researches studying sediment cores can analyze the different layers of sediment and note the different amounts of lead in it and the differences in the types of lead, which can offer information about the amount of water brought into the system, and in this case, the changes to the system that came about.In studying their sediment core samples taken from the harbor, the researchers found marked changes in lead particles immediately after Mount Vesuvius erupted, likely, they suggest, because the eruption either clogged pipes, or destroyed some of the water delivery system. Differences in isotopic composition, they noted suggested lead pipes had been brought in from different locations to replace those that had been damaged. They noted also that the original water system had remained in place for approximately 15 years after the eruption before it was finally replaced. The team also found evidence of a continually expanding water system until approximately the fifth century, when natural disasters and invasions led to a sharp decline in upgrades.The researchers suggest their techniques could be used in other parts of the world, not just the area once covered by the Roman Empire—to better understand population changes, or other events that had an impact on the people that lived there. More information: Hugo Delile et al. A lead isotope perspective on urban development in ancient Naples, Proceedings of the National Academy of Sciences (2016). DOI: 10.1073/pnas.1600893113AbstractThe influence of a sophisticated water distribution system on urban development in Roman times is tested against the impact of Vesuvius volcanic activity, in particular the great eruption of AD 79, on all of the ancient cities of the Bay of Naples (Neapolis). Written accounts on urbanization outside of Rome are scarce and the archaeological record sketchy, especially during the tumultuous fifth and sixth centuries AD when Neapolis became the dominant city in the region. Here we show that isotopic ratios of lead measured on a well-dated sedimentary sequence from Neapolis’ harbor covering the first six centuries CE have recorded how the AD 79 eruption was followed by a complete overhaul of Neapolis’ water supply network. The Pb isotopic signatures of the sediments further reveal that the previously steady growth of Neapolis’ water distribution system ceased during the collapse of the fifth century AD, although vital repairs to this critical infrastructure were still carried out in the aftermath of invasions and volcanic eruptions.center_img Journal information: Proceedings of the National Academy of Sciences Citation: Sediments in Gulf of Naples reveal impact on Roman water distribution after Vesuvius eruption (2016, May 17) retrieved 18 August 2019 from https://phys.org/news/2016-05-sediments-gulf-naples-reveal-impact.html Explore further (Phys.org)—A team of researchers with members from France, the U.S., the U.K. and Italy has found evidence of disruptions to the water delivery system in the area around Naples after the eruption of Mount Vesuvius in AD 79. In their paper published in Proceedings of the National Academy of Sciences, the team describes their testing of sediment cores taken from the harbor at Naples, what they found and what their study has revealed about the history of the area.last_img read more

Mind over matter

first_imgThis may be his debut solo art show but 24-year-old Pallav Chander is not new to the world of arts. He has regaled many an audience with his portrayal of a woman in the play Mahim Junction, has created larger-than-life sets for his other theatrical productions and been a witness to India’s contemporary art scene as the only child to Kanchan Chander, a well-known artist of our times.It’s no wonder then, that even for his debut art show, titled Decoding A Dyslexic Mind that will be held at Visual Arts Gallery, India Habitat Centre, New Delhi from March 1 till March 6, 2014, 10 a.m. to 6 p.m., Pallav shows a remarkable confidence in the autobiographical 35-odd works which include oils on canvas, acrylic on canvas and paperworks. Transcending mediums and genres – he has created textural, semi-abstract figurative works and abstracts too.  Chander’s imagination is inspired by mainly one theme – his own life. Also Read – ‘Playing Jojo was emotionally exhausting’That he is dyslexic and a large part of his work features hands is Chander’s may not be ‘a direct message to not consider dyslexics as abnormal’, but Pallav does concede that he was the brunt of many taunts as a school-going child and Aamir Khan’s Taare Zameen Par did ‘help me a lot’. As art curator Roobina Karode writes in the catalogue essay: ‘Decoding a dyslexic mind is about a particular mind, about Pallav Chander, a young artist who, one fine day snapped out of memories of his uncomfortable school days and grew up to do what he enjoyed the most- make art. While still in school, Pallav had experienced a certain lack of speed in comprehending and writing and these grasping difficulties instilled a certain anxiety towards social interaction and team work in the classroom. As he came to be aware of his disability, but had not yet learnt to come to terms with being dyslexic, he shied away from people, often due to peer pressure and the fear of being judged. With his mother’s constant effort and encouragement Chander was first introduced to performing arts and theatre workshops in the city, and this brought a gradual but dramatic change in his persona, as he had to be on stage and give his role the required emotion in front of an audience. His appetite for the arts was reinforced by his experiences doing theatre.’ Also Read – Leslie doing new comedy special with Netflix’Of course it was tough as a dyslexic child, and all these works are almost autobiographical. Not only do they reflect my present state of mind but also my growing up years after my parents separated.  Hands came into my work from my experiences in the UK. Each and every hand for me is like a memory, a moment from my life which I would want to remember,’ says Chander.WHERE: Visual Arts Gallery, IHC (till 6 March); Passage Art, Khan Market (7 March to 31 March)last_img read more

Dont stereotype us Women sex workers urge Indian showbiz

first_img“I am a woman first and then a sex worker,” Kiran Ramchandra Deshmukh, 40, says with pride, in the hope that the world treats women like her with equality, dignity and respect. Kiran, a sex worker for over 20 years in Maharashtra, notes how the world of showbiz has portrayed sex workers over the years and isn’t impressed by the stereotyping. She takes offence at the dialogue ‘Aurat maa hoti hai, bahen hoti hai, patni hoti hai, dost hoti hai… aur jab woh kuch nahi hoti, toh tawaif hoti hai (woman is a mother, a sister, a wife, a friend. When she is nothing, she is a prostitute) from the 2002 film Devdas. Also Read – Add new books to your shelf”According to the dialogue, we don’t even deserve to be called women? That’s not fair. I can proudly say that I am a woman,” said Kiran. Renuka, another sex worker, has urged filmmakers not to show them as “use and throw” objects – as it happened in Salman Khan’s movie Chori Chori Chupke Chupke on surrogacy. Indian filmmakers have time and again delved into the life of women sex workers. Mughal-e-Azam, Mausam, Mandi, Devdas, Chandni Bar, and Begum Jaan are movies that have delved into their world, but sex workers and activists say these films do not reflect the real world. Also Read – Over 2 hours screen time daily will make your kids impulsiveSocial activist and lawyer Aarthi Pai says mainstream cinema has done a lot of damage to “the identity of sex workers”. “There has been some niche cinema which has attempted to show sex workers in a much more positive light, but most of the movies have shown them in dangerous type of stereotyping. Dangerous because it has harmed sex workers over the years. “This stereotype of sex workers hanging out in verandahs and showing their breasts, chewing betel is one which dominates public imagination. Sex workers are of different types and they have different realities. Unfortunately, great injustice is done to them through the movies.” Kiran said it is a reality that not everyone is forced into sex work. “Many women like me are willingly doing it to earn our livelihood. Even we have the right to say ‘No’.” Filmmaker Madhur Bhandarkar, whose deft handling of a story of a bar dancer won a National Award, says people shouldn’t forget sex workers are humans too. “They are also humans. They are being discriminated in our society. People are not willing to give them a house… They are a part of our society and we should accept them with open arms.” Most recently, Tabrez Noorani’s Love Sonia took a deep dive into the world of human trafficking. Actress Richa Chadha, who played a brothel owner in the film, said in an interview: “Bollywood is as responsible as society is, in stereotyping sex workers… Very few films have depicted the truth about this bleak world.” Love Sonia protagonist Mrunal Thakur calls for films which create a powerful impact on society and make people more educated and aware. “What we see in the films is just a fraction of what these girls go through in life.”last_img read more

Bitcoin Startups Get Their Own Silicon Valley Accelerator

first_img 3 min read Bitcoin may be more popular — and pricey — than ever before, but its entrepreneurial ecosystem is still a work in progress. Now Plug and Play Tech Center, which has three locations in Silicon Valley and which was a seed investor in PayPal, has announced the opening of an accelerator program exclusively for Bitcoin-related startups.The program, which is set to induct its first class of 10 startups in January 2014, will last for three months, with the option of extending a startup’s stay to six months if it needs the extra time. The accelerator will be located in Sunnyvale, Calif., where Plug and Play Tech Center has its headquarters.Each participating startup will receive a $25,000 seed investment in exchange for a 5 percent equity stake, Saeed Amidi, the founder and chief executive of Plug and Play Tech Center, tells Entrepreneur.com. “In special cases, we can go up to $100,000,” he says.In December, Plug and Play Tech Center will hold an expo focusing on financial technology and digital currencies. This will serve as a sort of prelude to the Bitcoin accelerator, which will begin accepting applications once the expo concludes.Related: Coinbase Releases iPhone App Amid Strong Market for BitcoinThe seven-year-old Plug and Play Tech Center is no stranger to startup investment; in the course of more than half a decade, it has accelerated 1,500 early-stage companies, by Amidi’s reckoning. It also hosts a weekly Bitcoin meetup that is the largest in Silicon Valley.So why is now the right time to put investment dollars into the Bitcoin space? “We’ve been following Bitcoin for two years, and we still have not totally figured it out yet,” Amidi admits. “But nevertheless we think there is so much traction and so much interest [in the marketplace] that we want to be involved.”The value of a single bitcoin is now about $420, an all-time high that would have been inconceivable a few weeks ago. As reported previously, this stratospheric price has a lot to do with increased interest from China. Indeed, Scott Robinson, who will be heading Plug and Play Bitcoin, was unavailable to speak with Entrepreneur.com, as he is currently attending Asia’s first Bitcoin conference, Bitcoin Singapore.”We’ve pulled together a great community of Bitcoin users, enthusiasts, investors and entrepreneurs, so we feel as though we have a good understanding of the players in the space and the trends we’re witnessing from hardware to regulation to new disruptive payment solutions,” Robinson said in a statement.In addition, Plug and Play Tech Center intends to invest in five more Bitcoin startups outside of the accelerator program. It will invest in two or three before the end of 2013, Amidi says.Amidi has no doubt that Bitcoin is more than a passing fad. “I think it will go through some ups and downs, but it’s going to stay around for a long time,” he says. “But how big it’s going to be, I don’t know.”Related: Winklevoss Twins: Bitcoin Worth at Least 100 Times its Current Price Opinions expressed by Entrepreneur contributors are their own. This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. November 15, 2013 Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now Enroll Now for Freelast_img read more