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Following whipsaw launch, Filecoin looks to weeklong conference for stability

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Two days after a whiplash-inducing launch that saw Filecoin’s FIL token rocket 118% before a nearly 80% plunge, the blockchain-based data storage platform turns now to a weeklong digital conference in the hopes of righting the ship. 

Billed “Filecoin Liftoff Week,” the event is centered on education, infrastructure, interoperability, and future plans for the project. Kicking off October 19th, 2020, the five days of programming feature a different theme each day, such as “Build” and “The Future.” 

Counted among the high-profile speakers are ConsenSys founder Joe Lubin, who will be participating in a fireside chat on “Bridging Filecoin and Ethereum”, and Internet Archive founder Brewster Khale, who will be discussing “the importance of data preservation.” Other speakers include Aave CEO Stani Kulechov, Codefi Head of Product Corbin Page, and Polychain Capital founder Olaf Carlson-Wee.

Oct. 20th’s “Mine” day will be a particular highlight for prospective miners. The programming will be devoted to Filecoin mining talks, workshops, and panel discussions. Filecoin’s mining system offers greater rewards to miners who provide storage space to the network; independent miner Benjamin Hoesjbo will also be providing a tutorial.

Community members have also been invited to submit their own “events and celebrations” to be added to the official programming. Attendees can view the full programming here. 

The event comes as the FIL asset seeks to find a bottom after reaching a $208 Oct. 15th high. It currently trades at $42.52. 

Despite the plunge, the Filecoin team remains optimistic about the project’s future prospects. 

“This is only the beginning for the Filecoin network,” reads the announcement blog post. 



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Colombian capital supports blockchain and emerging tech with $2.3M fund

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Colombia’s capital of Bogotá is funding blockchain development as part of the city’s broader investment in innovative technologies.

According to a Monday announcement on the city of Bogotá’s official website, the municipal government will provide 8.8 billion Colombian pesos ($2.3 million) to local companies as part of four new programs in the city’s Innovation, Technology and Creative Industries Fund, or FITIC.

The new funding includes a contribution of of 2.8 billion pesos, ($739,000) to the development of local blockchain startups through a program called “Hub Blockchain Bogotá.” The project aims to support 100 blockchain-focused companies in order to boost their competitiveness on the global market and provide tech advice for implementing blockchain within participating companies.

The new innovation funding campaign is organized with support from the Superior Mayor of Bogotá, the District Secretariat for Economic Development, Jorge Tadeo Lozano University, state entrepreneurship body Innpulsa, and Singapore-based blockchain accelerator Tribe Accelerator.

Related: Colombia’s oldest commercial bank pilots crypto services

Bogotá Mayor Claudia Lopez took to Twitter on Monday to invite local businesses to apply for the program starting on June 25. “Each company will be able to receive from the FITIC from 10 to 50 million pesos in capital to be able to take their idea forward,” the mayor said.

Colombia has been actively exploring blockchain technology. Last August, the Colombian Ministry of Information Technology and Communications called on the public sector to adopt blockchain technology in payments, land registration, voting, data management, supply chain and others areas. Previously, Bogotá launched a series of free online courses on a broad spectrum of new technologies including blockchain.