Web Summit Lisbon, Nov. 3: Latest updates from Cointelegraph ground team

Published at: Nov. 3, 2022

Welcome back to the day two coverage of Web Summit, one of the leading tech conferences in the world, with over 71,000 attendees on day two. The summit is live in person in Lisbon, Portugal after two years.  The summit is known to bring together some of the most prolific personalities from the tech world together and in 2022 it's no different.

Web3 has increasingly become the most talked about topic in the tech world and Web Summit is no different as leading tech giants such as Apple or Microsoft continue to explore ways to integrate and transition to the Web3 ecosystem.

After an eventful first day that saw some major Web3 announcements, including the Web3 alliance to prevent malicious phishing attacks, bad actors and Web3 domain collisions. Binance CEO Changpeng Zhao talked about the importance of building during a bear market. 

Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr sat down with crypto executives to discuss the emergence of Web3 tech hubs around the world. Check everything that happened on the first day from our live article, brought to you directly from our ground team. 

The Cointelegraph team is back on the ground to bring you some of the latest and exclusive insights from the event.

Web Summit day two kicked off with a discussion around nonfungible tokens (NFTs) and how these digital properties and ownership could become a way of life in the near future.

Disclaimer: Don’t forget to check this article regularly to get notified about the most recent announcements from the event.

11:00 - Crypto data analytic firm Chainalysis's co-founder Michael Gronager was next on stage to discuss how crypto crimes have evolved over the years. Gronager noted that although the number of crypto crimes has gone down, the value of assets stolen in hacks has risen. At the same time laundering through crypto still remains one of the most difficult tasks.

10: 40-The second day kicked off with Yuga Labs CEO Nicole Muniz discussing the future of NFTs and why they could become the future of digital ownership. Be it privacy, interoperability and identity everything is associated with ownership and Web3 would make way for that sort of ownership. 

Cointelegraph's reporter Gareth Jenkinson is on the ground with the Sandbox co-founder Sébastien Borget to discuss some of the key developments around the project during a panel discussion, so stay tuned.

The cointelegraph team is live on the ground in Lisbon, starting the day with some coffee and local delicacies.

We can’t have enough of you @WebSummit We Started the day with some coffee and Portuguese pastries Should fuel us to cover a few panels before lunch pic.twitter.com/UfamAMSsEi

— Cointelegraph (@Cointelegraph) November 3, 2022
Tags
Adoption
Blockchain
Bitcoin
Cryptocurrencies
Hacks
Hackers
Related Posts
Indian prime minister Modi's hacked Twitter account attempts BTC scam
The official Twitter account of Indian Prime Minister Narendra Modi got compromised earlier today, which was then used to share misleading information about the mainstream adoption of Bitcoin (BTC) and redistribution of 500 BTC among the Indian citizens. On Dec. 10, Modi said in a virtual event virtual summit hosted by US President Joe Biden that technologies such as cryptocurrencies should be used to empower democracy and not undermine it: “By working together, democracies can meet the aspirations of our citizens and celebrate the democratic spirit of humanity.” While the long-awaited Lok Sabha Winter Session, a parliamentary meetup intended to …
Adoption / Dec. 12, 2021
Transit Swap ‘hacker’ returns lion’s share of $23M in stolen funds: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The TranitSwap hacker that got away with $23 million has returned 70% of the stolen funds. The return was possible due to quick actions from on-chain data analytic firms who managed to find the hacker’s IP address and other personal details. Another research report from Elliptic suggests that DeFi bridges and decentralized exchanges (DEX) have become a new frontier for crypto laundering. Bitcoin.com CEO Dennis Jarvis believes that Bitcoin can be a bridge that …
Adoption / Oct. 7, 2022
OpenSea planned upgrade stalls as phishing attack targets NFT migration
Just yesterday, OpenSea announced a smart contract upgrade, which requires users to migrate their listed NFTs from Ethereum (ETH) blockchain to a new smart contract. As a direct result of the upgrade, users that don't migrate over from Ethereum risk losing their old, inactive listings — which currently require no gas fees for migration. Major nonfungible token (NFT) marketplace OpenSea has reportedly fallen victim to an ongoing phishing attack within hours after announcing a week-long planned upgrade to delist inactive NFTs on the platform. However, the urgency and short deadline opened up a small window of opportunity for hackers. Within …
Adoption / Feb. 20, 2022
Security firms are making it more difficult for scammers to get away with DeFi project hacks
The rise of community-oriented blockchain security companies may be making it more difficult for alleged bad actors to get away without a trace. Early Wednesday, CertiK issued a community alert regarding Flurry Finance, where its smart contracts were allegedly breached by hackers, leading to $293,000 worth of funds being stolen. Shortly after the incident, CertiK published the wallet addresses of the alleged perpetrator, the address of the malicious token contract, and a PancakeSwap pair address allegedly involved in the attack, leading to a warning issued on BscScan. While the firm audited the project's smart contracts, it appears that the exploit …
Adoption / Feb. 23, 2022
STEPN impersonators stealing users' seed phrases, warn security experts
Peckshield, a prominent blockchain security firm, exposed the existence of numerous phishing websites for the Web3 lifestyle app STEPN on Monday. Hackers insert a forged MetaMask browser plugin through which they can steal seed phrases from unsuspecting STEPN users, according to Peckshield. When these cybercriminals obtain the seed phrase, they gain complete control over the STEPN user's dashboard where they may connect their stolen wallets to their own or "claim" a giveaway as per Peckshield. #PeckShieldAlert #phishing PeckShield has detected a bath of @Stepnofficial phishing sites. They insert a false Metamask browser extension leading to stealing your seed phrase or …
Adoption / April 25, 2022