LibertyBits to be brought to Bulgaria

Sofia will host LibertyBits conference on April 24 with the focus on blockchain, free software and life off-the-grid.
11 April 2018   576

knowhow.company is organizing the first freedom and tech conference dedicated to blockchain, free software, privacy and life off-the-grid. Bulgaria capital, Sofia is selected to hold the event at Sofia Tech Park on April 24. The conference will provide the platform for sharing cutting-edge blockchain projects, privacy and networking with off-the-grid innovators.

Speakers will try to address such topics on the blockchain technology as the actual and future application of distributed (open) ledgers, purpose of cryptocurrencies and their value, cryptomining and its real worth.

Among the notable speakers there are Bitcoin Gold core developer Martin Kuvandzhiev, æternity representative Vladislav Dramaliev, Dr. Richard Stallman and others. The list of sponsors include Krypton Capital and Launchub Ventures.

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.