From The Bitfury Group Newsroom

Valery Vavilov, CEO of Bitfury Group, advised that “Korean blockchain market needs smart and balanced regulation so that it does not discourage innovation.” He said the regulators should be educated and consulted with technology experts to come up with the most efficient and effective solutions. He expanded his business to Korea as it often on the forefront of new technology and has shown significant interest in cryptocurrency. He sees great potential in Korean blockchain market.

For the fourth year in a row, the Blockchain Summit took place at a Virgin Limited Edition property – this year at the beautiful Kasbah Tamadot in Morocco. Hosted by the Bitfury Group and ACTAI Global, the summit brought together innovators, government officials and thought leaders from around the world to discuss the many ways blockchain technology can improve systems and services people use every day.

It is this interconnectedness of the global economy that another participant of the Blockchain Summit thinks is central to blockchain’s ability to do more than just break down borders. Summit co-host and co-founder of blockchain startup Bitfury, Valery Vavilov, explained how he thinks the nature of competition itself could eventually be undone.

It’s no secret that women are underrepresented in the crypto world. While women in the space may disagree on whether the topic is worthy of discussion or not, one thing is clear. They’re not going to sit in the sidelines while their male counterparts ride the blockchain wave. Featuring Rachel Pipan, Senior Communications Manager for the Bitfury Group.

Some of the brightest minds in the blockchain space are currently gathered at Sir Richard Branson’s Kasbah Tamadot in Morocco. The Bitfury Group and ACTAI Global’s Fourth Annual Blockchain Summit was forced to relocate from its usual destination of Necker Island after the devastation caused by Hurricane Irma became a reality. Instead of shifting locations to a randomly chosen destination, the event should be hosted somewhere that made sense in the context of the important conversations being had about climate.

In the aftermath of Hurricane Irma, the leaders behind the Blockchain Summit, normally hosted at Richard Branson's own personal Necker Island, saw an opportunity. The Category 5 storm that destroyed the retreat and thousands of private residences last year forced the event's cohosts to reevaluate its setting, and they wanted to do so with a sense of purpose.

Billionaire entrepreneur Richard Branson literally stood up today at his resort in Marrakesh, Morocco, and committed his Virgin companies to ending the use of single-use plastic. Like a set of dominoes in reverse, the audience, comprising about 30 blockchain entrepreneurs, a senior-level government official, retired regulators and more, stood up beside him and in front of him. Branson was speaking on a panel called “Saving the Planet (A Bit at a Time)" during Bitfury's annual Blockchain Summit.

CryptoKitties formed a partnership with ACTAI Global and Ocean Elders to create “Honu" a unique CryptoKitty that will serve as an environmental ambassador to help protect the planet’s oceans and wildlife. Honu was auctioned off from July 9th through July 15th in a charity fundraiser at the annual Blockchain Summit hosted by Bitfury.

The Bermuda Government has signed an agreement with the Bitfury Group to add blockchain technology to the island’s land registry system. In a statement it said the memorandum of understanding “advances Bermuda’s mission to improve government services for citizens by implementing blockchain-based solutions”.

The Bitfury Group has opened a new office in Dubai, officially expanding their operations into the UAE, underscoring their commitment to building blockchain-based solutions for governments, companies, and institutions across the region. This expansion also speaks to a growing interesting in blockchain technology in the region. Companies in the UAE are working every day to improve the systems and services that they provide to people.