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After an eventful opening day that saw discussions around the impact of Web3 and the growing adoption of the tech, Cointelegraph is all set to bring the key updates from the second day of the Summit at PBW 2023. 9355 Total views 60 Total shares Listen to article 0:00 Event Own this piece of history

Collect this article as an NFT Paris Blockchain Week (PBW) kicked off its fourth year as one of the worlds largest conferences tackling all things blockchain, crypto and Web3. The event hosts over 10,000 attendees and sold out last year.

Following two days packed with hackathons, talent fairs and investor demos, the main event of the week, the summit, continues with its second day on March 23.

The Cointelegraph team is stationed in Paris to bring readers the latest news from the ground, presented below in ascending order (the newest story at the top). Time stamps are in UTC.Paris Blockchain Week Summit 2023: Day 2

Cointelegraph journalist Joseph Hall sat down with 1Inch co-founderSergej Kunz to discuss the present and future of the crypto ecosystem. Kunz shared his thoughts on numerous topics including the limitations of investing for ordinary people, what mass adoption looks like and big companies jumping into the Web3 space.Read more here.

? Our interview with @deacix, Co-Founder of @1inch here at @ParisBlockWeek

He shares his vision on what the future of #crypto has in store. 'As soon as we have people who understand that there's a non-custodial way… then we achieve the mass adoption' #PBW2023 pic.twitter.com/DwCqkeSaIN— Cointelegraph (@Cointelegraph) March 23, 2023

12:00: Thenext panel discussion focused on the impact of Web3 on startups and investors, moderated byMichael Amar – chairman of Paris Blockchain Week. The panel discussion was joined byIgneus Terrenus, partner relations at BitDAO, Laurenz Apiarius, founder of Blockwall Digital, Dan Tapiero, founder of 10T Holdings, Amos Meiri, founding partner at Node Capital, and Eden Shochat, Equal Partner at Aleph VC. The panel discussion revolved around the role of investors amid the emerging importance of governance and decentralized autonomous organizations (DAOs.)

The panel experts shared their views on the ongoing debate around crypto tokens deemed as securities and how the Web3 ecosystem is tackling the financial aspect of the innovation.Apiarius talked about the impact of bad actors in a new economic sector like Web3 and the role of investors. He explained:The movement of Web3 is misused by some bad entrepreneur land its the job of investors to filter that and not pit capital into entrepreneurs that make fun of it.”Dan Tapiero, Igneus Terrenus, Laurenz Apiarius, Eden Shochat,Amos Meiri, and Michael Amar (from left to right).

11:30 am: The new panel discussion titled ‘The Ethics of Web3’ revolved around public policy and was moderated byMoojan Asghari, the co-founder of Thousand Faces. The panel consisted ofOscar Wendel, senior manager at Dubai World Trade Centre, Margaux Frisque, co-founder of d&a Partners, and Dr Loic Brotons, CEO of Galeon.

The industry experts on the panel shed light on the role of ethics in a fast paced evolutionary tech like blockchain and Web3. Asghari in her address noted thatEthical frameworks or standards always lag behind the advancement of the technology and explained:”This is the biggest challenge of ethics – what are the right questions to ask ourselves today, in order to make sure that the technology doesnt harm us in the near or far future.Dr Loic Brotons,Oscar Wendel, Moojan Asghari and Margaux Frisque (from left to right).

11:00 am: The next keynote speech revolved around smart contracts, a key-building tool in the decentralized and blockchain space. The speech delivered by Stellar Development Foundation VP Tomer Weller touched upon the subject of smart contract development and how difficult and complex it is. He said:”Smart contracts are not easy and only as smart as the coders that build them and we need to hold them to a higher standard.”Tomer Weller talking about the state of smart contracts in today’s world

10:30 am: The next keynote speech came fromAlexandre Dreyfus, founder and CEO of Chiliz, on the integration of blockchain and gaming tokens in mainstream sports. He shared how decentralized tech added to mainstream sports is making the experience for fans more immersive.Alexandre Dreyfus talking about the evolution of fan experience with Web3

10:00 am: The first panel of the day, titled ‘The Need for Yield,’ was moderated byCinderella Amar, co-founder ofGlass Slipper Ventures and joined by Maxime Boonen, founder of B2C2 & PV01, Tim Grant, head of EMEA at Galaxy, Yoann Caujolle, co-founder of Rockby, and Charlie Meraud CEO of Woorton.

The panel discussion revolved around the concept of yield farming in crypto and how it has evolved over time. The panelists shed light on the legality and regulatory aspect of yield farming in today’s time and how viable of a business model it is.Tim Grant,Maxime Boonen,Yoann Caujolle,Charlie Meraud, and Cinderella Amar (from left to right).

9:30 am: The first keynote speech of the day came fromJeff Hasselman, the head of Web3 at Amazon Web Services (AWS).Hasselman, while talking about the interest of enterprises like Amazon in the Web3 ecosystem, said that he was highly influenced by the Bitcoin white paper. He explained:”I read the Bitcoin whitepaper in 2013 and I was like if this works, then this would really be amazing because it would redefine what the internet is all about.”

Hasselman went on to list how AWS is actively involved in helping builders of Web3 and offering the infrastructure to companies and blockchain developers alike.Jeff Hasselman, Global Head Web3, Amazon Web Services talking about Web3

8:30 am: Welcome to day 2 of the Paris Blockchain Week Summit, a day that will be focused on the culture, adoption and importance of decentralized tech. Some of the notable panel discussions to look forward to will cover the ethics in Web3, the evolution of crypto payments, how to protect users from crypto scams. The Cointelegraph team is on the ground to bring the latest updates, exclusive interviews and behind the scenes throughout the day.Paris Blockchain Week venue shot. Source: CointelegraphCointelegraphs Joe Hall looks for perspective amid Paris riots

Reporter Joe Hall spoke to Animoca Brands CEO Robby Yung to hear his thoughts on Paris hosting a major crypto and blockchain conference as many have taken to the streets in protest of a bill raising Frances retirement age from 62 to 64 years old. According to Yung, the local government had provided a warm embrace for participants of the event and saw the representation of major brands including Gucci as a positive sign for adoption. Read more here.Animoca Brands CEO Robby Yung speaking with Cointelegraphs Joe Hall at Paris Blockchain Week. Source: CointelegraphParis Blockchain Week Summit2023: Day 1

4:40 pm: Ledger CEO Pascal Gauthier delivered a keynote speech during which he discussed Bitcoin:You can try to explain why you think it has flaws, but you should always have reasonable doubts. Its just like if you dont believe in God, thats OK. But you should always have reasonable doubt because the day you die, you will find out.”Ledger CEO Pascal Gauthier delivered a keynote speech on the Master Stage at PBW. Source: Cointelegraph

13:40 pm: 2022 was the year of epic crypto collapses, with the collective failures of Terra, Celsius, Three Arrows Capital and FTX leaving a stain on the industry. A panel as a part of the Open Finance stream discussed how the crypto industry can recover from these events in light of the recent banking failures in the United States. Read more here.A panel discussion titled FTX, Luna, Celsius, 3AC: From Hero to Zero at Paris Blockchain Week. Source: Livestream

12:40 pm: Metaverse regulation was on the agenda during an industry panel that included representatives from IBM Consulting France, Jacob Avocats, France Meta, Crypto Circle, Metacircle and Fenwick. The general takeaway from thepanel was that businesses need to take calculated, strategic risks to grow their Web3 ambitions. Get comfortable with discomfort, one panelist said. Read more here.Paris Blockchain Week venue. Source: Cointelegraph

12:00 pm: Tether chief technology officer Paolo Ardoino talked about the recent USDC saga and stated that Bitcoin is the ultimate way to hold wealth in an exclusive conversation with Cointelegraphs Joseph Hall.

While discussing the USDC depeg, Ardoino said that stablecoin issuers should always make sure that their reserves remain protected.Read more here.Cointelegraph journalist Joseph Hall with Tether CTO Paolo Ardoino at Paris Blockchain Week.

11:00 am: Bitcoin proponent Tim Draper was the next keynote speaker, discussing The Decentralization of Everything. Draper talked about the need for decentralization in todays time amid lessening confidence in the banking system. He advised people to use Bitcoin to hedge against bad governance and banking.Tim Draper advocated for Bitcoin against bad governance and banking failures.

Draper also sang a poem about Bitcoin and how the asset has outperformed traditional financial tools amid the growing banking crisis.Read more here.

10:00 am: The first round of panel discussions kicked off, with Cointelegraph editor-in-chiefKristina Lucrezia Cornr moderating a discussion on the evolving role of Web3 technology in the traditional financial ecosystem.Cointelegraph editor-in-chiefKristina Lucrezia Cornrmoderating a panel on Web3.

The panel, titled State of the Chain 2023, was joined byPatrick McGregor, head of product at Coinbase; Matthew Savarese, vice president at Nasdaq Digital Assets; Richard Widmann, global head of Web3 strategy at Google; Dante Disparte, head of global policy at Circle; and Denelle Dixon, CEO of Stellar Development Foundation.

Live from the State of the Chain 2023 panel at @ParisBlockWeek : @RichJWidmann, Global Head of Web3 Strategy at @googlecloud, emphasizes the importance of building value for users in the next evolution of the internet. #PBW2023 pic.twitter.com/8x1hAgJTZG— Cointelegraph (@Cointelegraph) March 22, 2023

The discussion focused on the state of traditional finance, the recent banking crisis and how Web3-based solutions are becoming a norm during times of financial crisis something envisioned by Satoshi Nakamoto themselves when they created Bitcoin.

In addition to reflecting on the current state of Web3, the experts gave their insights and predictions on how things could pan out in 2023.Read more here.Patrick McGregor, Matthew Savarese, Richard Widmann, Dante Disparte, Denelle Dixon and Kristina Lucrezia Cornr (from left to right).

Another panel discussion around the European Unions Markets in Crypto-Assets regulation, set to come into effect by 2024, saw industry experts weigh in on its impact. The panel was moderated bySabine Van Haecke-Lepic, a lecturer and researcher at Sciences Po, and joined by the likes of Gundars Ostrovskis, team leader of digital finance at the European Commission; Nadia Filali, director of blockchain programs at Caisse des Dpts; Hubert de Vauplane, partner at Kramer Levin Naftalis & Frankel LLP; Janet Ho, head of EU policy at Chainalysis; and Vytautas Karalevicius, co-founder of Bankera.Gundars Ostrovskis, Sabine Van Haecke-Lepic, Vytautas Karalevicius,Nadia Filali, Hubert de Vauplane and Janet Ho (from left to right).

The industry experts and regulators opined on the implications and potential impacts of the proposed regulation.Read more here.

9:30 am: The following keynote speech was delivered by the CEO of Stellar Development Foundation, Denelle Dixon. She talked about the real-world use cases of blockchain technology, focusing on humanitarian aid. Dixon stressed that blockchain tech can bring efficiency to aid distribution, especially when those who need it the most are unbanked.Stellar Development Foundation CEO Denelle Dixon talking about role of blockchain in humanitarianaid.

9:00 am: The opening keynote of the event came from Ethereum co-founder Joseph Lubin, who talked about the importance of decentralized networks in traditional finance. Lubin highlighted the diversity in the Web3 space and how it has helped the ecosystem grow stronger with a broad spectrum of talent.Ethereum co-founder Joseph Lubin during his opening keynote speech.

8:30 am: The next keynote speech came from Henri Arslanian, co-founder of the investment banking company Nine Blocks Capital Management, and revolved around the latest global crypto trends including Bitcoin, central bank digital currencies and nonfungible tokens.

Arslanian shed light on some of the past years key events in the crypto world, from the growth of Bitcoin to the numerous crypto contagions and recent bank runs. He stressed that there will be more stress on regulations and transparency moving forward.Henri Arslanian talking about global crypto trends.

8:00 am: The first day of the summit kicked off with a keynote from Zahreddine Touag, co-founder of Paris Blockchain Week. During his keynote, he stressed the need for events like PBW and its role in building business relationships and connecting to new people.Paris Blockchain Week Summit started with a keynote by Zahreddine Touag.Investor panel: What are the best investment opportunities in Web3?

In the next panel discussion, which focused on investment opportunities in Web3, investor Marguerite de Tavernost said that the bear market is the best time to build in the crypto market. She added that they offer more time for investors and innovators to build their reputations.Ivan de Lastours de Bernarde, Katelin Holloway, Marguerite de Tavernost, Michael Amar, Andrei Brasoveanu and Richard Muirhead(from left to right)Fabric Ventures co-founder talks Bitcoin, bank crisis

Richard Muirhead, the co-founder of Fabric Ventures, talked about Bitcoin price, inflation, the bank crisis and the emerging role of Web3 amid it all. He said that with its deflationary properties, Bitcoin is the first use case of Web3 and can become a safe haven during times of crisis. He added that Web3 is actively working on resolving traditional financial problems, but new use cases can take time to emerge, as they represent much more than simple software development.In-depth discussion on metaverse gaming

Neal Stephenson, an American author and founder of metaverse project Lamina1, joined Paris Blockchain Week chairman Michael Amar to discuss the concept of interoperability in metaverse gaming.

Stephenson, who coined the term metaverse in the 1990s, also talked with Cointelegraph editor-in-chief Kristina Lucrezia Cornr on the evolution of the word. Read more here. Neal Stephenson and Michael Amar (from left to right).

Stephenson said the idea of interoperability is irritating for some game developers, as many have been focused on building their own ecosystems for years, such as Fortnite and Minecraft. He explained that the idea of interoperability seems like an abomination because, at this point, all it offers is dragging and dropping assets from one game to another.Cointelegraph behind-the-scenes on day two

The Cointelegraph team kicked off the second day of Paris Blockchain Week 2023 with a reflection on the cultural and historical depth of the venue:

Things at @ParisBlockWeek that just make sense #PBW2023 pic.twitter.com/Sd8P6TxHJs— Cointelegraph (@Cointelegraph) March 21, 2023 Web3 headlines the agenda on day one of the summit

The main agenda for March 21 revolves around the scope of Web3 in todays world. The one-day Web3XP event focuses on how brands and creators can generate value in the metaverse and how Web2 companies can transition to Web3.The event will see professionals representing consumer brands, gaming, collectibles, art and fashion in one place.March 20 saw a relatively crowded talent fair tailored for the crypto and blockchain industry. Source: CointelegraphCointelegraph reporter Joe Hall attends pre-summit events

The pre-summit events at the PBW 2023 included a talent fair.The Cointelegraph team making sure you get the best angle.Th Cointelegraph team arrives in Paris

Cointelegraph editor-in-chief Kristina Lucrezia Cornr, head of video Jackson DuMont and reporter Joseph Hall are deployed on the ground in Paris all week to deliver the most recent developments from the conference.Jackson DuMont, Kristina Lucrezia Cornr and Joseph Hall(from left to right). Source: CointelegraphInvestors Day

Investors Day kicked the week off on March 20, bringing together investors interested in Web3, nonfungible tokens (NFTs), the metaverse and blockchain applications.

Stay tuned for continuous updates from PWB, including key takeaways, highlights and behind-the-scenes footage.Paris Blockchain Week kicks off

The 2023 edition of PBW features speakers from some of the industrys biggest players, such as ConsenSys, Ledger, Animoca Brands, Algorand, Reddit and more. It consists of the main summit and the Web3-focused Web3XP, and its main themes include public policy, enterprise blockchain, open finance, Web3 art, and investing in Web3 culture and entertainment, among others.

PBW also has a dedicated event for investors, a competition for startups, a hackathon and additional side events.

Last years event saw around 3,000 summit-goers and featured keynotes and fireside chats from some of the most prominent figures in the industry, such as Binances Changpeng Zhao and Tethers Paolo Ardoino, among many others. #Blockchain #France #Event #Paris #Metaverse #Web3 #NFT

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Trump set to sign bill to end longest ever US shutdown after funding deal passes Congress

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Trump set to sign bill to end longest ever US shutdown after funding deal passes Congress

The US federal government’s longest-ever shutdown is to come to an end after Congress finally voted through a funding deal.

The shutdown, which started on 1 October, has disrupted the lives of millions of Americans as all non-essential parts of government have been frozen.

It came after Democrats and Republicans refused to budge in their stand-off over healthcare spending, causing the first shutdown in almost seven years as the parties failed to agree on a government funding bill.

But on Wednesday night in Washington DC, the House of Representatives voted through a deal to reopen the government after the Senate – the upper chamber of Congress – reached a deal on Monday.

It will now go to the desk of President Donald Trump, who the White House has said will sign it tonight. It will fund the government through to 30 January.

The standoff was largely over healthcare differences. Pic: AP
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The standoff was largely over healthcare differences. Pic: AP

How shutdown reached its end

The breakthrough came over the weekend, when a handful of Democrats in the Senate rebuffed their party’s leadership and teamed up with Republicans to strike a deal.

The Democrats had refused to support a Republican budget plan unless tax credits that made medical insurance cheaper for millions of people were renewed.

The willingness of eight moderate Democrats to break the Senate deadlock without that guarantee has provoked fury among many in the party.

While it will restore funding to federal agencies that have gone without since 1 October, and also prevent any further layoffs until 30 January, many voters will be left to count the cost of higher costs for their healthcare.

What’s a federal government shutdown?

A shutdown of the federal government means that all non-essential functions of government are frozen, affecting everything from social security to air travel to national park access.

Federal agencies are dependent on funding being approved by Congress to allow the president to sign budget legislation for the fiscal year ahead.

If they cannot approve funding (because of political differences – and America is bitterly divided) then those agencies are forced to shut down.

This means that workers cannot do their jobs and are not paid.

This breaking news story is being updated and more details will be published shortly.

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Resident doctor strikes: I don’t want people to suffer but we have to walk out again, says BMA chief

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Resident doctor strikes: I don't want people to suffer but we have to walk out again, says BMA chief

The British Medical Association (BMA) has defended a new round of resident doctor walkouts starting on Friday, insisting medics’ pay is still “way down” compared with 2008 and that the government has failed to finish “a journey” towards restoring it.

BMA chair Dr Tom Dolphin told Sky News the dispute remains rooted in years of pay erosion that have left resident doctors far behind other public sector workers.

“When we started the dispute, […] the lowest level of the resident doctors were being paid £14 an hour,” he said.

“There were some pay rises over the last couple of years that brought that partly back to the value it should be at, but not all the way.

“The secretary of state (Wes Streeting) himself called it a journey, implying there were further steps to come, but we haven’t seen that.”

Resident doctors outside Newcastle's Royal Victoria Infirmary during a five-day strike in July. File pic: PA
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Resident doctors outside Newcastle’s Royal Victoria Infirmary during a five-day strike in July. File pic: PA

When asked if the row ultimately “comes down to money”, he replied: “In the sense that the secretary of state doesn’t want to or isn’t able to fund the pay increases to match the value that we had in 2008.”

Dr Dolphin argued that while “the general worker in the economy as a whole” has seen pay catch up since the 2008 financial crash, “doctors are still way down”.

The government points out that its 29% settlement last year was one of the largest in the public sector and was intended to draw a line under two years of walkouts.

How much do resident doctors earn?

After the most recent pay awards, in 2025/26 a medic just out of university receives a basic salary of £38,831 and has estimated average earnings of £45,900 after factors like extra pay for unsociable hours are taken into account, according to medical think tank the Nuffield Trust.

That average figure rises to £54,400 by the second year and a more senior speciality registrar earns an average of £80,500.

The BMA says that when the dispute started, the most junior doctors were making around £14 per hour. That works out at £29,120 per year for a 40-hour week.

That’s very close to the earnings of a doctor fresh out of medical school in 2022/23 – £29,384, according to Full Fact.

But that’s over a 52-week year without taking into account paid holiday or unsociable hours.

But Dr Dolphin said the deal still fell short: “The gap was biggest for doctors and needed the biggest amount of restoration, and that’s what we got.”

He defended the BMA’s use of the Retail Price Index (RPI), a metric rejected by the Office for National Statistics, saying it “better reflects the costs people face”.

Should resident doctors get a pay rise? Have your say in the poll at the bottom of this story.

Dr Tom Dolphin says resident doctors are still underpaid
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Dr Tom Dolphin says resident doctors are still underpaid

‘Who do you think is treating the patients?’

With Chancellor Rachel Reeves preparing her budget amid warnings of deep cuts, Dr Dolphin said the BMA is not demanding an immediate cash injection.

“We’re quite happy for that money to be deferred with some kind of multi-year pay deal so that we can end the dispute and avoid having further industrial action about pay for several years to come,” he said.

“Money spent in the NHS is returned to the economy. For every pound you spend, you get several pounds back.”

When pressed on whether the £1.7bn cost of previous strike action could have been better spent on treatment and technology for NHS cancer patients, he hit back: “Who do you think is treating the cancer patients? It’s the doctors.”

Read more on Sky News:
Thousands of NHS redundancies
Sentence and fine over patient death

Health Secretary Wes Streeting has criticised the BMA for striking again. File pic: PA
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Health Secretary Wes Streeting has criticised the BMA for striking again. File pic: PA

Strikes will cause disruption, union boss admits

Dr Dolphin rejected suggestions that the dispute could destabilise the government, calling the idea “implausible”.

He admitted prolonged strikes have tested public patience, but said the government had left doctors with no choice.

“A prolonged industrial dispute makes people annoyed with both sides,” he said. “It is vexing to us that we are still in this dispute.”

“I don’t want patients to suffer,” he added. “I accept that the strikes cause disruption… of course that’s upsetting for them. I completely get that. And I’m sorry that it’s happening.”

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PM apologises to health secretary over coup accusations

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PM apologises to health secretary over coup accusations

Sir Keir Starmer has apologised to his health secretary after allies of the prime minister accused him of plotting a coup.

Sky News understands Sir Keir spoke briefly to Wes Streeting on Wednesday evening, though did not share details about the briefing campaign.

Politics Hub: Follow latest updates

Speaking at Prime Minister’s Questions earlier in the day, he denied authorising the attacks on Mr Streeting, who was accused of planning a leadership challenge after the budget later this month.

Mr Streeting said the allegations are “not true”, telling Sky News’ Mornings With Ridge And Frost that whoever was behind the briefings had been “watching too much Celebrity Traitors”.

He insisted he was loyal to the prime minister, who has been under mounting pressure as he and the Labour Party flounder behind Reform in the polls.

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Health secretary insists he’s ‘a faithful’

Downing Street went on the attack on Tuesday night to ward off any potential challenge to Sir Keir after the budget, which could see the government announce manifesto-breaking tax rises.

Sir Keir and Rachel Reeves have refused to rule out raising income tax, national insurance, or VAT.

One senior figure told Sky News political editor Beth Rigby while a post-budget challenge is unlikely, it could come if next May’s elections – including in London and Wales – go badly for Labour.

Labour face a challenge from Reform on the right and parties like the Greens and Plaid Cymru on the left.

Read more: How No 10 plunged itself into crisis

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Starmer backs Streeting at PMQs

Also under pressure is the prime minister’s chief of staff, Morgan McSweeney, after Mr Streeting hit out at a “toxic culture” inside Number 10.

Sir Keir failed to say he had “full confidence” in him at PMQs in response to questions from Kemi Badenoch, but the prime minister’s political spokesperson later insisted to journalists that he does retain his backing.

Sky News understands Mr McSweeney was not discussed when Sir Keir and Mr Streeting spoke last night.

Labour chairwoman Anna Turley said the prime minister will investigate the source of the claims against the health secretary, telling ITV: “This is not what he wants to see and he’s determined to drive it out.”

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