The Interesting And Distinguished Career Of Malcolm CasSelle

WAX, or the Worldwide Asset eXchange is a decentralized platform allowing individuals to participate in a virtual games assets marketplace. WAX reduced the costs of transactions, created marketplaces allowing the transfer of assets, and uses centralized exchanges to fractionalize player profits. A more accessible economy has been created by enabling the tokenization of virtual assets. The potential for the expansion of physical assets is additionally available. The determination of how to ensure and monitor tokens on the blockchain has been one of the greatest challenges regarding tokenizing assets. The financial stake and reputation of the Guild is affected if the Transfer Agents do not perform their duties. The economic feedback ensures WAX tokens stay connected to their virtual assets.

 

Malcolm CasSelle is the current President and CTO or Chief Technology Officer of New Ventures at tronc, Inc. He was previously the General Manager and Senior Vice President for SeaChange International. He served as the CEO when the company acquired Timeline Labs in 2015. He has been the leader for digital industry startups including Xfire, MediaPass, and the joint venture in China between Tencent and Groupon. Malcolm CasSelle has also been an early stage investor in Zynga, Facebook, and Bitcoin-related companies.

 

During his early career, Malcolm CasSelle was one of the founders of PCCW. The company was based in Hong Kong, was a publicly traded telecom business, and was valued at $35 billion. He assisted in raising capital in the billions for PCCW, and raised hundreds of millions for numerous private transactions. He attended Stanford University where he earned his Master’s degree, and MIT where he received his Bachelor’s degree. Both are in the field of Computer Science. In addition to English, he speaks Mandarin and Japanese.

 

Malcolm CasSelle’s served MediaPass as the CEO. The company is an online paywall solution for the generation of digital content. He was the CEO of Xfire, a business focusing on core video game players. He managed private investments for Hong Kong-based Capital Union Investments as the Director of the company. Malcolm CasSelle also co-founded NetNoir, an African-American website. He is highly respected in his field.

 

Squaw Valley Continues Water Testing

One of the largest ski resorts, host to the 1960 winter Olympics, Squaw Valley knows the importance of safety. On November 8, testing of water systems on the upper mountain indicated the presence of E. coli bacteria in the four wells that are the source of water for systems at High Camp and Gold Coast. While area residents were not affected, restaurants and other facilities on the upper mountain were shut down. Squaw Valley acted quickly, notifying authorities with Placer County Environmental Health and the Squaw Valley Public Service District and taking immediate steps to resolve the issue.

 

The source of the contamination appears to have been an unusually heavy October rain fall (9.5 inches in less than 72 hours). Recent upgrades to the affected water system, completed over the summer, in combination with the excessive precipitation are believed to have made the system vulnerable to contaminants. Routine testing of the water after the rains showed low levels of E. coli and other coliform bacteria. Fortunately, no health issues have been reported. Water usage from the contaminated systems was halted before the water reached the public. Squaw Valley’s other water systems and the area’s residential systems remained unaffected, and free bottled water was provided for skiers at High Camp and Gold Coast.

 

Continued testing along with regular treatments has reduced bacterial levels in three of the four wells. The resort has indicated a commitment to health and safety by maintaining a ban on water usage until systems can be declared 100% safe for potable water usage. Additional measures will be taken as needed and full service to the upper mountain will be restored as soon as testing confirms normal safety levels. In the meantime, ski lifts are operational and skiing continues at the beautiful Squaw Valley Alpine Meadow Ski Resort.