Singapore to welcome World Digital Assets Summit

World Digital Assets Summit (WDAS) is coming to Singapore on May 1-3 to discuss the the state of the arising smart economy with brand new kind of assets
16 April 2018   1243

FBG Capital is organizing a summit World Digital Assets 2018 in Singapore. The event will span from May 1-3 with the venue chosen at Ritz-Carlton Millenia. The summit is an inaugural conference that networks top-notch blockchain projects, developers and investors from all over the world. The mission of the conference is to conduct detail-rich discussions on the so-called "tokenomics" and its impact on the traditional economy. Basically, this event is going to an exclusive gathering with a group of diverse community leaders.

Topics to be covered at the summit include blockchain investment (venture capital/IPOs with ICOs), scalability (paths to achieve blockchain scalability), community (a pivotal part for a successful blockchain projects), privacy (blockchain privacy in a real-world adoption), exchanges (secrets and strategy of the cryptocurrency exchanges), crypto-trading (is crypto market efficient), interoperability (cooperation of verticalizing blockhains), decentralized exchanges (understanding decentralized exchanges) and others.

Among the notable speakers there are Binance CEO Changpeng Zhao, co-founder and COO of aelf Chen Zhuling, Ledger co-founder Thomas France and others. Agenda is yet to announced.

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   82

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.