Global Fintech & Blockchain China Summit Halted by Police

The first part of the event was interrupted by the police, and all visitors and organizers were asked to leave the premises
12 April 2018   1322

The blockchain conference in Shanghai was interrupted by a police visit. This is reported by CoinDesk.

A one-day event called Global Fintech & Blockchain China Summit 2018 was organized by PTP International and was due on April 12th.

About noon local time, the first part of the event was interrupted by the police, and all visitors and organizers were asked to leave the premises. The second part of the conference was canceled also.

According to the information on the conference website, several program speeches were to be delivered, panel discussions and presentations of financial structures, government and crypto-currency projects were held.

Although the official reasons for the breakdown of the event are not called, there are rumors that investors who lost large sums on the ICO, representatives of which also attended it, complained to the police.

We are still investigating the reasons of the halt. And so far the explanation offered by the police is due to security risk. We are working on a solution regarding how to make up for event attendees. The conference is in compliance with the regulation in China and does not feature any ICO roadshow.
 

PTP International, Organizers

The organizer claims that this information is not true, and the conference was conducted in compliance with all Chinese laws.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   102

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.