Ethos East Coast Summit Coming to Rhode Island

The Ethos team and community has announced that it will be gathering on April 14 in Providence, Rhode Island
04 April 2018   408

The Ethos team and community has announced that it will be gathering on April 14 in Providence, Rhode Island for a day of ideas, discussion and networking with like-minded people passionate about Ethos, blockchain and unlocking the New Economy.

Ethos stated that its mission is to build a financial ecosystem that is open, safe and fair for everybody. The Ethos East Coast Summit will be exploring this theme, with special presentations and Q&As from the Ethos team as well as some special guests, a community meet & greet and afterparty.

Ethos East Coast Summit 2018Ethos East Coast Summit 2018

Date and time: April 14, 2018, 11:00 AM – 5:00 PM
Location: Providence Marriott Downtown, 1 Orms Street, Providence, Rhode Island

The Summit will include a keynote by Ethos Founder and CEO Shingo Lavine, a keynote by Ethos Advisor Professor Maurice Herlihy, live panels and much more. The tickets are already available on the Summit Website.

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.