Blockchain Summit to be held in Frankfurt

Nexus Mediacom is organizing Blockchain Summit 2018 in Frankfurt on April 26 to discuss the impact of blockchain on business
12 April 2018   619

Frankfurt is playing host to Blockchain Summit 2018 by Nexus Mediacom on April 26. A 1-day conference and exhibition offers unparalleled programme of visionary speakers and case studies. It connects over 700 industry leaders, business decision makers, tech innovators and inventors. Thus, Blockchain Summit is the largest dedicated blockchain event in Europe with no co-located side events. Most advanced case studies offer a "how-to" approach to deploying Blockchain technologies across industries like finance, insurance, logistics, utilities, media and entertainment, and more.

This year list of speakers includes representatives of Commerzbank, Allianz, Accenture, IBM, Volkswagen Financial Services, ORACLE Cloud, Bosch, Deutsche Bank, UBS and many others. Roundtable discussions and hosted networking sessions provide exceptional opportunities for attendees to connect with peers and deep-dive into topics. Interactive exhibition allows participants to engage with industry's leading solution providers and innovative startups.

The venue is Kap Europa Convention Center with opening hours 08:30 ~ 18:00. The agenda can be found here.

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   70

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.