242 days ago • cryptodaily
Korea Blockchain Week 2023, Asia’s Most Impactful Blockchain Conference, Presents Web3’s Leading Voices
Seoul, South Korea, August 30th, 2023, Chainwire
It brings together the most sought-after builders, enterprises, thought leaders, and innovators to spark crucial conversations that shape the future of the industry
FactBlock, a Web3 ecosystem accelerator and the organizer of KBW2023 along with the co-host Hashed, a prominent Web3 venture fund based in South Korea, are delighted to announce that delegates attending the 6th Edition of the Korea Blockchain Week will get to witness the most influential people in the industry sharing their learnings and insights on every aspect of crypto, Web3 infrastructure and beyond. It’s where the change makers shape the narratives and set the agenda for the future.
This year’s impressive speaker lineup features more than 200 thought leaders and builders including Ethereum Co-founder Vitalik Buterin, Circle CEO Jeremy Allaire, Wemade CEO Henry Chang, Maelstrom CIO Arthur Hayes, Hashed CEO Simon Kim, BitGo Co-founder and CEO Mike Belshe, Polygon Co-founder Sandeep Nailwal, Line Next’s Business Director Woosuk Kim, and SkyBridge Capital’s Founder and Managing Partner Anthony Scaramucci.
Seonik Jeon, CEO of FactBlock, said, “Established in 2018 to rectify information imbalances in blockchain and cryptocurrency, KBW now enters its sixth year. Evolving annually, we provide global crypto communities with insightful knowledge, networking, and entertainment. This year, in addition to featuring renowned speakers and diverse sessions to share insights at the Impact conference, we are launching a Web 3-based art and music festival. We anticipate all KBW 2023 participants will relish an immersive week-long engagement with shared knowledge, art, music, and culture in Korea.”
Attendees will also have more opportunities than ever before for networking, collaboration, and discussion. As Asia’s most impactful blockchain event, the week-long conference will be a platform where blockchain builders from all over the world discover the future of Web3, and explore its impact on various industries and cultures. The conference will take place from September 4 to September 10, with the main event, KBW: Impact, running from September 5 to 6 at The Shilla Seoul.
Simon Kim, CEO of Hashed, stated “KBW is establishing itself as a B2B platform that goes beyond mere conferences and events, generating practical multinational business collaboration opportunities. In this event, we can anticipate not only the participation of exceptional speakers as mentioned above but also the excitement of more than 150 diverse side events scheduled to take place.”
With the rising technology, institutional fever, and mass adoption in focus, the organizers aim to make KBW2023 an idea lab rather than an echo chamber. It’s where builders, investors, legacy finance executives, policymakers, and crypto-curious newcomers flock to exchange ideas, collaborate, and find solutions to some of the thorniest challenges facing the industry.
The biggest highlight of the upcoming conference will be KBW: IMPACT, the main 2-day event that brings together thought leaders and crypto-curious from around the world to spark discussions along the following core themes:
Fundamentals– Dedicated to answering the fundamental questions of blockchain and crypto.
Kingdom of Ethereum – Shining light on the future of Ethereum infrastructure and community.
Oil the Wheels – Addressing subjects that make blockchain ecosystem and developers’ growth.
Way to Billions – Analyzing the key challenges and contributors to mass adoption.
What's on Chain – Showcasing and harnessing the power of on-chain data for research, analysis, DeFi, risk management, and more.
Regional Taste – A look at how the unique strengths of markets like Korea, Japan, India and Southeast Asia are helping them embrace blockchain technology.
Tech Unleashed – A deep dive into emerging trends and technologies such as zero knowledge, shared sequencing, orderbook DEXes, privacy, interoperability, and more.
Digital Nation – Dedicated to exploring how blockchain technology will shape the social structures with DAOs, decentralized social graphs, and metaverse.
Institutional Fever – Dedicated to the B2B side of blockchain, it would serve as a bridge between Web2 enterprises, financial conglomerates, and Web3 projects.
Code in Law – To help the industry players understand the regulatory landscape.
The week-long industry gathering will spotlight three main events, an official afterparty, and almost two hundred side events. Highlights include the two-day keystone conference "Impact" on September 5th and 6th; the two-day immersive digital art experience "The Gateway: Korea” with nft now on September 7th and 8th; and the two-day music festival "Micro Seoul: Seoulbound" as the official closing ceremony of KBW. Rounding off the week, "Beyond Seoul" will take center stage as the official KBW afterparty from September 7th to 10th, celebrating the intersection of technology, culture, and self-expression. With over a hundred registered side events, attendees can expect a week brimming with engagement and insight.
About Korea Blockchain Week
Korea Blockchain Week is the premier blockchain and cryptocurrency event in Asia, bringing together industry leaders, investors, and enthusiasts worldwide to discuss and explore the latest developments and trends. Organized by Factblock and co-hosted by Hashed, the conference features a series of speeches and panel discussions by the leading minds of the blockchain space, as well as a rich selection of side events and networking opportunities to foster collaboration within the Korean and global blockchain community.
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251 day ago • cryptodaily
FBI Seized Nearly $2M Worth in Crypto in 3 Months
A new report from the US FBI reveals it confiscated almost $2 million in cryptocurrencies between March and May 2023.
In its latest filing, the Federal Bureau of Investigations (FBI) revealed it seized about $1.7 million in cryptocurrencies from March to May. In an effort to combat illicit activities, the FBI seized crypto assets, including Bitcoin, Ether, Tether, Monero and Dai.
The agency reported that most of the confiscations were in ether, with tokens to the value of $800,000 seized. Around $147,000 in Bitcoin (BTC), $307,000 in Tether (USDT), 469,000 in Dai (DAI), and $20,000 in Monero (XMR) were seized. The FBI even managed to seize $200 worth of Dogecoin (DOGE).
According to the FBI, the majority of seizures were from Binance accounts. The largest confiscation took place in the Eastern District of Virginia in the form of $463,811 in ether. The agency said most of the seizures came from Florida and Virginia. The FBI further confiscated digital assets in Arizona, California, Connecticut, Georgia, Minnesota, Nebraska, New Mexico, New Jersey, New Hampshire, Illinois, Massachusetts, Louisiana, New York, Ohio, Pennsylvania, and Oklahoma.
In its filing, the agency said the asset seizures came about after violations of federal regulations:
“The Federal Bureau of Investigation (FBI) gives notice that the property listed below was seized for federal forfeiture for violation of federal law.”
The FBI has been cracking down on digital assets used in illicit activities. In February, the agency announced that it confiscated several cryptocurrencies, digital assets, and NFTs worth around $250,000 from two different locations in the US. The agency also announced in March that it launched an investigation into Do Kwon and Terraform Labs.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
251 day ago • cryptodaily
FBI Seized Nearly $2M Worth in Crypto in 3 Months
A new report from the US FBI reveals it confiscated almost $2 million in cryptocurrencies between March and May 2023.
In its latest filing, the Federal Bureau of Investigations (FBI) revealed it seized about $1.7 million in cryptocurrencies from March to May. In an effort to combat illicit activities, the FBI seized crypto assets, including Bitcoin, Ether, Tether, Monero and Dai.
The agency reported that most of the confiscations were in ether, with tokens to the value of $800,000 seized. Around $147,000 in Bitcoin (BTC), $307,000 in Tether (USDT), 469,000 in Dai (DAI), and $20,000 in Monero (XMR) were seized. The FBI even managed to seize $200 worth of Dogecoin (DOGE).
According to the FBI, the majority of seizures were from Binance accounts. The largest confiscation took place in the Eastern District of Virginia in the form of $463,811 in ether. The agency said most of the seizures came from Florida and Virginia. The FBI further confiscated digital assets in Arizona, California, Connecticut, Georgia, Minnesota, Nebraska, New Mexico, New Jersey, New Hampshire, Illinois, Massachusetts, Louisiana, New York, Ohio, Pennsylvania, and Oklahoma.
In its filing, the agency said the asset seizures came about after violations of federal regulations:
“The Federal Bureau of Investigation (FBI) gives notice that the property listed below was seized for federal forfeiture for violation of federal law.”
The FBI has been cracking down on digital assets used in illicit activities. In February, the agency announced that it confiscated several cryptocurrencies, digital assets, and NFTs worth around $250,000 from two different locations in the US. The agency also announced in March that it launched an investigation into Do Kwon and Terraform Labs.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
251 day ago • cryptodaily
FBI Seized Nearly $2M Worth in Crypto in Three Months
In its latest filing,the Federal Bureau of Investigations (FBI) revealed it seized about $1.7 million in cryptocurrencies from March to May. In an effort to combat illicit activities, the FBI seized crypto assets, including Bitcoin, Ether, Tether, Monero and Dai.
The agency reported that most of the confiscations were in ether, with tokens to the value of $800,000 seized. Around $147,000 in Bitcoin (BTC), $307,000 in Tether (USDT), 469,000 in Dai (DAI), and $20,000 in Monero (XMR) were seized. The FBI even managed to seize $200 worth of Dogecoin (DOGE).
According to the FBI, the majority of seizures were from Binance accounts. The largest confiscation took place in the Eastern District of Virginia in the form of $463,811 in ether. The agency said most of the seizures came from Florida and Virginia. The FBI further confiscated digital assets in Arizona, California, Connecticut, Georgia, Minnesota, Nebraska, New Mexico, New Jersey, New Hampshire, Illinois, Massachusetts, Louisiana, New York, Ohio, Pennsylvania, and Oklahoma.
In its filing, the agency said the asset seizures came about after violations of federal regulations:
“The Federal Bureau of Investigation (FBI) gives notice that the property listed below was seized for federal forfeiture for violation of federal law.”
The FBI has been cracking down on digital assets used in illicit activities. In February, the agency announcedthat it confiscated several cryptocurrencies, digital assets, and NFTs worth around $250,000 from two different locations in the US. The agency also announced in March that it launched an investigationinto Do Kwon and Terraform Labs.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
258 days ago • cryptodaily
Affyn Backs Singapore Government Initiative During F1 Singapore
Singapore-based Web 3 gaming firm Affyn is set to participate in the annual Grand Prix Season Singapore (GPSS), a 10-day event supported by the Singapore Tourism Board that culminates during the Formula 1 Singapore Grand Prix weekend. According to the team statement, Affyn entered a strategic partnership with GPSS to present a metaverse event to the fans of the Grand Prix.
"We are proud to partner with GPSS as it underlines Affyn’s intent to bolster Government initiatives and bring Web 3.0 development to the next level,” said Affyn CEO Lucaz Lee. “As the only official Web 3.0 company partnering with GPSS, an event supported by STB, it is an incredible opportunity to drive awareness of developments in the industry.”
The event, titled ‘Web 3.0 | Art Meets Metaverse’, is set to run on Saturday, 16th September 2023, at Suntec City’s Synthesis from 1 PM to 4 PM (local time). The event will include NFT exhibitions from artists around Singapore, a celebrity-hosted panel talk show and experiential zones that allow guests to delve into the metaverse.
With Singapore rising as a crypto hub in the East, the involvement of crypto in such a global sporting event blends well in maintaining its verve as the leading crypto hub in Asia. The event aims to educate non-crypto fans on the developments of the metaverse in the art world, dive into discussions on the state of the metaverse industry, interact during the exhibition and learn from experts via their talk shows. In addition, attendees can interact and share with other enthusiasts and dive into how blockchain and the metaverse affect art in the real world today.
In other news, Affyn-based gaming title Nexus World Land City will be launching its third wave of land parcels starting August 23. Players will have the chance to claim their land parcels in eight cities, including Amsterdam, Barcelona, Dubai, Kuala Lumpur, Madrid, Manilla, Sydney, and Zurich.
Crypto companies’ relationship with F1 extends
Despite the recent departures of FTX and Tezos, who sponsored the Mercedes-AMG Petronas F1 Team and Scuderia AlphaTauri, respectively, crypto partnerships with F1 teams have grown, as evidenced by Affyn’s Singapore GP event. Earlier this year, British F1 team Williams Racing entered a strategic partnership with Kraken Exchange to launch a competition to see NFTs showcased around this year's Singapore GP.
Other crypto partners in F1 include Bybit, sponsoring Redbull Racing Team in a $150 million deal and Stake.com, an Alfa Romeo Formula One Team sponsor.
258 days ago • cryptodaily
Affyn Backs Singapore Government Initiative During F1 Singapore
Singapore-based Web 3 gaming firm Affyn is set to participate in the annual Grand Prix Season Singapore (GPSS), a 10-day event supported by the Singapore Tourism Board that culminates during the Formula 1 Singapore Grand Prix weekend. According to the team statement, Affyn entered a strategic partnership with GPSS to present a metaverse event to the fans of the Grand Prix.
"We are proud to partner with GPSS as it underlines Affyn’s intent to bolster Government initiatives and bring Web 3.0 development to the next level,” said Affyn CEO Lucaz Lee. “As the only official Web 3.0 company partnering with GPSS, an event supported by STB, it is an incredible opportunity to drive awareness of developments in the industry.”
The event, titled ‘Web 3.0 | Art Meets Metaverse’, is set to run on Saturday, 16th September 2023, at Suntec City’s Synthesis from 1 PM to 4 PM (local time). The event will include NFT exhibitions from artists around Singapore, a celebrity-hosted panel talk show and experiential zones that allow guests to delve into the metaverse.
With Singapore rising as a crypto hub in the East, the involvement of crypto in such a global sporting event blends well in maintaining its verve as the leading crypto hub in Asia. The event aims to educate non-crypto fans on the developments of the metaverse in the art world, dive into discussions on the state of the metaverse industry, interact during the exhibition and learn from experts via their talk shows. In addition, attendees can interact and share with other enthusiasts and dive into how blockchain and the metaverse affect art in the real world today.
In other news, Affyn-based gaming title Nexus World Land City will be launching its third wave of land parcels starting August 23. Players will have the chance to claim their land parcels in eight cities, including Amsterdam, Barcelona, Dubai, Kuala Lumpur, Madrid, Manilla, Sydney, and Zurich.
Crypto companies’ relationship with F1 extends
Despite the recent departures of FTX and Tezos, who sponsored the Mercedes-AMG Petronas F1 Team and Scuderia AlphaTauri, respectively, crypto partnerships with F1 teams have grown, as evidenced by Affyn’s Singapore GP event. Earlier this year, British F1 team Williams Racing entered a strategic partnership with Kraken Exchange to launch a competition to see NFTs showcased around this year's Singapore GP.
Other crypto partners in F1 include Bybit, sponsoring Redbull Racing Team in a $150 million deal and Stake.com, an Alfa Romeo Formula One Team sponsor.
261 day ago • cryptodaily
Canada to Set up Storage for Seized Digital Assets
As cybercrimes rise in the country, Canada challenges local developers to create a secure repository for seized cryptocurrencies and NFTs.
Challenge for Creating a Digital Asset Repository
Due to a reported rise in crypto-related illegal activities across the country, the Royal Canadian Mounted Police (RCMP) and Shared Services Canada (SSC) are pursuing a solution that can facilitate the seizure and storage of digital assets such as cryptocurrencies and non-fungible tokens (NFTs) on various blockchains, according to the statement of August 10, 2023.
“The RCMP requires the ability to safely and securely store digital assets that have been seized and retained, until their eventual disposition at the conclusion of any legal proceedings. The development of a centralized repository solution would allow police officers to seize these assets in a user friendly manner, while also offering significant security to prevent the theft of said assets during their storage,” reads the statement.
The authorities dare the Canadian innovative developers to come up with a safe digital asset repository that would help the police seize and safeguard stolen assets, in an effort to decrease cryptocurrency frauds.
The RCMP outlines fourteen mandatory and three desirable features a proposed solution should have. The primary considerations require the repository to be able to accept and process transactions on the top 20 cryptocurrency networks by market capitalization, as well as onboard and support new blockchains in the future.
Other demands on the list include a native Android application; secure processes to protect assets and dispose of them if needed; daily automated verification and notifications on asset transfers; clear instructions on seizing assets for officers; and more. The RCMP also listed three NFT blockchains that must be supported by the system at this stage – Ethereum, Solana, and Polygon.
Participants of the challenge can submit their idea until September 21, 2023. Up to four contracts for Phase 1 could result from the challenge. Then, only two eligible businesses will be invited to submit a proposal for Phase 2.
Combatting Cryptocurrency-Related Crimes
The main reason behind the development of the digital asset repository is the surge of crypto-related activities in Canada:
“With the rise of new and innovative methods to store and transfer assets, Canadian Law enforcement needs a safe and secure method to identify and seize said assets. As cryptocurrency continues to gain popularity as a transaction method and store of value in the general population, it continues to be used as a payment method for criminal activities. With ransomware/malware attacks and online scams making up the majority of these transactions. This challenge aims to leverage the private sectors innovation to develop a system used by the police to seize and store the ill-gotten gains from these criminal activities.”
It’s important to note that Canada is not the only country that experiences a rise in crimes linked to digital assets. For example, the FBI in the US has also recently reported numerous scams related to cryptocurrencies and NFTs, with one of the recent cases resulting in the loss of staggering $9million.
Besides, other countries are also looking for effective ways to deal with crypto crimes. One of the latest examples is a multi-agency investigation unit established by South Korea.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.