Blockchain and Token Summit to Take Place in Dubai

The Summit will bring together more than 40 speakers, hold more than 8 networking sessions, concentrating on blockchain and cryptocurrency use cases
02 March 2018   542

Blockchain and Token Summit will take place in Le Meridien, Dubai on March 4 - 5, 2018.

Dubai is looking to completely integrate its government sector using blockchain technology in order to increase efficiency, transparency, and openly transform its economy on its immutable openly accessible public ledger as Dubai’s most important experiments into the fintech realm. 

World Blockchain and Token Summit will bring together a range of local and international speakers to discuss blockchain and cryptocurrency use cases, the regulatory environment, technology hurdles and opportunities in innovation and disruption that can be leveraged using this technology.

World blockchain and token summit DubaiBlockchain and Token Summit in Dubai

Headline speakers at the Summit will include Dr. Sohail Munir (Director for Smart City Enablement Services at Smart Dubai Government), Robby Schwertner (Blockchain influencer, Crypto blogger), Utpal Nath (President Dubai Chapter, Government Blockchain Association), Koen Lukas Hartog (Program Manager, Dutch Government), Dr. Carlos Domingo (Managing Partner, Spice VC), and many more.

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   83

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.