Binance CEO CZ discussed some of the most recent crypto trends, why crypto is still a stable investment, Binance’s Twitter deal, and other topics.

Note: Information in this topic is constantly updated. Updates are made in reverse order, and all time codes are UTC (the latest update is placed at the top).

Web Summit, one of the world’s premier technology conferences, is back in action in Lisbon, Portugal. The event brings together technology company founders and CEOs, fast-growing startups, policymakers, and heads of state to discuss the future of the tech industry.

Web3 is one of the most talked-about topics in technology in 2022, and Web Summit 2022 is no exception. Cointelegraph has assembled a team for the event to provide the most recent updates in real time.

The mayor of Lisbon, Portugal’s economy minister, and Binance CEO Changpeng “CZ” Zhao were among the keynote speakers at Web Summit’s opening event.

The mayor of Lisbon, Carlos Moedas, emphasized the importance of technology conferences and the investment they bring to the country. António Costa Silva, Portugal’s Economy Minister, discussed the rise in investment as well as the failures and challenges that the tech industry brings.

Web Summit Lisbon, November 2: The most recent updates from the Cointelegraph team on the ground
Web Summit Lisbon, November 2: The most recent updates from the Cointelegraph team on the ground 4

The first interviewee was Binance’s Zhao, who provided insight into current crypto developments, metaverse platforms, and Web3 technologies in general. Says Zhao

Even the most profitable tech stocks have volatility. Therefore, yes, Bitcoin did decrease from $69K to $20K, but it all depends on your point of view. Cryptocurrency is the best-performing asset over the course of the next five to ten years.

The first day of the Web Summit began with a discussion about the role of artificial intelligence (AI) in the future of technology. Later, the discussion shifted to more specialized topics such as industrialization, public companies, and super apps.

02:20 — Kristina Lucrezia Cornèr, editor in chief of Cointelegraph, moderates a discussion titled “Emerging Tech Hubs: Where will the next Silicon Valley be?,” including Laura Gonzalez-Estefani, CEO of VentureCity, Zach Coelius of Coelius Capital, and Oscar Ramos of Chinaccelerator.

Web Summit Lisbon, November 2: The most recent updates from the Cointelegraph team on the ground
Web Summit Lisbon, November 2: The most recent updates from the Cointelegraph team on the ground 5

12: 30  Cointelegraph’s Gareth Jenkinson spoke with Binance executive vice president of Europe Martin Bruncko about the exchange’s plans in Europe. Bruncko responded to a question about the recently approved Markets in Crypto-Assets (MiCA) regulation and how it would affect crypto exchanges:

“MiCA is fantastic news for all cryptocurrency operators, and our goal is to increase adoption of cryptocurrencies rather than enlisting as many users as we can. MiCA, in my opinion, would greatly aid in our objectives to enhance cryptography.

11: 30 — Cointelegraph CEO Wes Kaplan was joined by Nicholas Johnston from Axios and Joy Robins from The Washington Post to discuss how monetization works in media.

Web Summit Lisbon, November 2: The most recent updates from the Cointelegraph team on the ground
Web Summit Lisbon, November 2: The most recent updates from the Cointelegraph team on the ground 6

A good revenue model may be created in the modern world, according to Robins, who went on to explain:

“I don’t believe advertising is the primary source of revenue for news.” “I believe the notion that only advertising can pave the way for a good revenue model is false, as subscription-based models have demonstrated.”

10: 50 — Checkout.com and Bolt founders joined CNBC’s Karen Tso to discuss the ongoing trend in the tech world, the adoption of crypto by payment processors and more.

The founder of checkout.com, Guillaume Pousaz, explained the benefits and drawbacks of being a public company:

“Being a publicly traded firm forces you to run your company very efficiently. The markets are what they are, and there haven’t been many initial public offerings recently. I’m not under any pressure to go public, and I believe that compounding value is more important than either going public or staying private.

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