Binance Blockchain Week wraps up in Singapore with a $100k giveaway

It has been a busy week for Binance with the launch of another new exchange and a four day blockchain event that’s just wrapping up in Singapore.

Running from January 19 to 22, the Binance Blockchain Week drew thousands of attendees to see some of the biggest names in the crypto industry. The week has focused primarily on the sustainable growth of the blockchain ecosystem, and consisted of two main events over four days: a two-day hackathon named Binance SAFU Hackathon on 19-20 January, followed by Binance Conference on 21-22 January.

The event is Binance’s response to “turmoil in the crypto market”. As its website says: “Uncertainty is plaguing the industry and companies are facing a growing number of challenges. There is a need to unite efforts and initiate a global blockchain movement that will re-energize and create a positive orientation for blockchain and the industry as a whole.”

There’s nothing to re-energise and create positive orientation in the community like a free giveaway, and the hackathon saw a prize pool of $100,000 USD up for grabs.

Binance explained that: “In addition to keeping platforms secure from attackers, we actively fight against scam, fraud and money laundering.” To that end, Binance SAFU Hackathon called all the #BUIDLers in the world to join them to “BUIDL an open platform that fights against scams, hacks and money laundering in order to protect our users”.

The winning team was announced as Merkle Blox:

Following the hackathon, the Binance Conference, which was at the same Marine Bay Sands venue as last September’s Consensus Singapore conference,  brought together the “most dedicated, extraordinary and creative minds in the blockchain space” to discuss current industry trends, hot topics and seek innovative solution to explore further development of blockchain ecosystem. Hosting “over 50 influential speakers, senior management of Binance as well as many industry leaders”.

In addition to Binance boss CZ, delegates included Tron founder Justin Sun, Yoni Assia, CEO of eToro, Da Hongfei, Founder of NEO, and representatives from a number of crypto organisations including Ontology, R3, ConsenSys, Circle, Ripple, PwC, Qtum, Vertex, Bloq, and the Ethereum Foundation.