Report: New ‘Coinye West’ digital currency debuts Jan. 11
A new form of digital currency will reportedly soon be competing with Bitcoin. According to multiple media reports, the currency, known as “Coinye West,” will launch at 11 p.m. ET on Saturday, Jan. 11.
According to the Coinye West website, the currency will use a Scrypt algorithm and have a maximum number of 1,333,333,333. The site also promises that password-protected, encrypted archives containing the binaries and source for the wallet and daemon will be released before launch and that Coinye West is digital currency “for the masses.”
Although there is some speculation that Coinye West is a hoax, widespread coverage by mainstream media outlets and IT experts lends credibility to it being an actual digital currency that will launch. The creators have intentionally remained anonymous and have not indicated where the Coinye West organization is physically located.
GameStop capitalizes on major console launches
The holiday saw the launch of major consoles, and multichannel videogame retailer GameStop is looking to capitalize by declaring 2014 to be the “Year of Gaming.”
The retailer is offering select items, including console bundles, games and consumer electronics, on sale hoping to lure gamers who didn’t get everything they wanted during the holiday or are looking to use holiday gift cards. The sale runs from now through Sunday, Jan. 5.
“While 2013 will go down as having fantastic console launches, award-winning games and more, it’s easy to see that 2014 is going to start off really strong,” said Ashley Sheetz, chief marketing officer of GameStop. “Gamers of all kinds will be able to find significant value with these deals, no matter if they plan to play on the newest consoles, pre-owned handhelds, or tablets — we’re proud to declare that 2014 is the ‘Year of Gaming!’”
For gamers eager to get playing with Sony’s new PlayStation 4 or Microsoft’s new Xbox One consoles, GameStop stores throughout the country will continue to have a limited number of systems in stock.
Archer Daniels Midland adds former Coca-Cola exec to team
Archer Daniels Midland Company (ADM) has appointed Ben Bard as VP and global chief compliance officer, effective Jan. 20.
Bard will be responsible for ADM’s Office of Compliance and will oversee the company’s compliance policies and programs, including the code of conduct, ethics helpline, global anti-corruption program, trade compliance, antitrust and competition law, data protection, privacy and conflict of interest policies.
“Ben has extensive experience in managing global compliance and ethics programs, and his expertise and leadership will be invaluable as we continue to focus on policies and programs that reinforce ADM’s commitment to conducting business ethically and responsibly,” said Cameron Findlay, ADM SVP, general counsel and secretary.
Bard joins ADM after seven years at the Coca-Cola Company. As the principal ethics and compliance counsel within Coca-Cola’s global ethics and compliance office, he managed programs covering global trade sanctions, anti-corruption, third-party-integrity, due diligence and conflicts of interest. Prior to his time at Coca-Cola, Bard worked in a variety of compliance and risk management roles for Capital One Financial Corporation.
Bard earned a bachelor’s degree from Northwestern University in Evanston, Ill., and a Juris Doctor from Case Western Reserve University School of Law in Cleveland, Ohio.
Today, 30,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses. With more than 265 processing plants, 460 crop procurement facilities and a premier crop transportation network, ADM aims to connect the harvest to the home in more than 140 countries.