The event featured comments from CZ, Brad Garlinghouse, and Paolo Ardoino on crypto regulation issues, the lawsuit against the SEC, and European nations adopting digital assets.

The city of Paris hosted this week the Blockchain Week Summit in Paris. Leading figures in the industry attended the event, as well as more than 3,000 cryptocurrency enthusiasts.

Held at the Palais Brongniart, the former home of the Paris stock exchange and once synonymous with the wheat grain exchange, the newly transformed conference center saw keynote addresses and talks by experts such as Changpeng “CZ” Zhao from Binance, Paolo Ardoino from Tether, and Rumi Morales from Digital Currency Group, among many others.

If you missed the action, here is a summary of the most important moments of the summit.

Binance Will Invest 100 Million Euros in the French Crypto Ecosystem

Delivering the keynote address on stage, Binance CEO CZ spoke of a “major shift in attitude” by politicians and lawmakers in the last 12 months before stating that France is “uniquely positioned” in terms of regulations, talent, and experience and has the potential to become a leading crypto hub in Europe.

CZ also announced Binance’s recent decision to invest €100 million in French startups within the Web3 space in partnership with incubator Station F.

Tether CTO Reveals Adoption Plans for Crypto-Friendly City of Lugano

Back in March, the southern Swiss city of Lugano announced that it would adopt Bitcoin (BTC) and Tether (USDT) as de facto legal tender, in a partnership with Tether. Since then, Lugano has received wide interest from the cryptocurrency community because of its progressive policies.

Ardoino, Tether’s chief technology officer, shared some statistical data in an interview with Cointelegraph, stating that, “we have been able to start incorporating between 25 and 30 different companies and startups, […] that between the assets of the company and the equity privately are valued between 300 and 400 million Swiss francs.”

Alongside this, Ardoino noted Tether’s intention to develop educational programs for university students in the region, as well as finance their tuition.

Bybit’s Lawrence Tan Discusses the Mechanism of the Ronin Bridge Hack

Lawrence Tan, Director of Business Development at Bybit, shared his assessment of the decentralized finance security landscape on stage during the “DeFi Security: The Risks behind Performance and Mitigation” session. He claimed that four main vulnerabilities are responsible for most of the security breaches in the space: admin key compromises, coding flaws, rug pulls, and flash lending attacks.

Citing the historic Ronin Bridge hack as a prime example, Tan argued for more security education resources within the space after a year of numerous exploits and hacks.

Ripple CEO Optimistic About Future of SEC Case

In a talk on cryptocurrency regulations, Ripple CEO Brad Garlinghouse shared his optimism around the Securities and Exchange Commission’s ongoing case that he conducted an unregistered security sale by selling XRP, stating that, “demand has been going exceedingly well, and much better than I could have expected when it started about 15 months ago.”

Blockchain.com’s Nicolas Cary Reflections on a Decade in Crypto

Blockchain.com Co-Founder Nicolas Cary and Cointelegraph Editor-in-Chief Kristina Cornèr assessed the evolution of the cryptocurrency industry after 10 years of activity since Blockchain.com started in 2011 and Cointelegraph will reach that milestone next year.

During the conversation, the two also discussed the nature of anonymity in the space and the vision of democratization that Blockchain instills, with Cary stating that “we are building Internet structures that would allow anyone, regardless of their circumstances, to trade, exchange, save, earn rewards of different kinds of digital wealth.”

By Audy Castaneda

LEAVE A REPLY

Please enter your comment!
Please enter your name here