Vienna is hosting Crypto-Asset Summit 2018

The Crypto42 Token Investment Summit 2018 is taking place in Vienna on April 16 to discuss the state of Token Economy and network with leaders
09 April 2018   534

The Crypto42 Token Investment Summit 2018 is a networking event focused on the defining, trading, valuing. accounting, auditing and tax issues around cryptoassets. Crypto42 Token Investment Summit 2018 is calling upon international business professionals from blockchain based enterprises including CEO’s, auditors, accountants, venture capitalists, investors, regulators, attorneys & developers to network and collaborate to join the discussions. The summit will be held in Vienna, Austria on April 16. The summit is organized by FinTech Academy in cooperation with German Blockchain Association and University of Economics.

The agenda goes as follows:

  • 8:00 - 10:15 | session 1: welcome and status of the token market
  • 10:30 - 11:40 | session 2: status quo token regulation and industry impact
  • 11:40 - 12:30 | session 3: investment schemes and investors protection
  • 13:15 - 14:10 | session 4: FinTech and Digital Innovation - New EU Action Plan for the European FinTech Sector
  • 14:10 - 15:30 | session 5: how to value tokens?
  • 15:45 - 16:45 | session 6: how to account for and how to tax tokens
  • 16:45 - 17:45 | session 7: the vc perspective
  • 17:45 | session 8: wrap-up and outlook

Registered participants can join for free (beverages included)

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.