Italian Banking Group: Bitcoin's Advantage is its Network Effect
The European Securities and Markets Authority has published a number of responses stemming from a request for information on the topic of virtual currency. The ESMA, which regulates securities activity in the European Union, first sought submissions from the finance and digital currency industries in April. The agency published 14 responses from participants such as German megabank Deutsche Bank, Italian banking group Intesa Sanpaolo, regional trade group European Central Securities Depositories Association (ECSDA) and interbank messaging network SWIFT, among others. The submissions offer....
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The Italian Banking Association claims that about 100 local banks are now operating on a blockchain network designed to speed up interbank transactions and processes.
The new group will reportedly have an estimated 70% share of the Italian market.
Banca Generali, the banking arm of Italy’s largest insurance group, has announced that it will be offering cryptocurrency custody service to its customers beginning next year. To achieve this, the bank has acquired a stake in bitcoin wallet provider Conio. Assicurazioni Generali, Banca Generali, and Conio Bitcoin Wallet The banking arm of Italy’s largest insurance company, Assicurazioni Generali Group, announced Tuesday “the launch of a new corporate and commercial partnership with Conio Inc., a fintech company operating in the cryptocurrency industry.” The Italian....
A group of anonymous Italian Bitcoin enthusiasts is leveraging the cryptocurrency to help victims of the earthquake that has devastated parts of the country. No financial services. The 6.2 magnitude earthquake struck the village of Amatrice late August. According to BTM operator Luca Dordolo, the disaster took out even the most basic of services: “Right now we know of 300 deaths and everything is destroyed: no bank and financial services, lack of everything, even water and electricity.” Acquaintances of Dordolo have taken the initiative to launch a campaign to help out the victims of the....
You can't just mine crypto for profit using other people's systems without them approving it. An Italian airport staffer allegedly took advantage of the computer systems at his place of work in order to mine Ethereum (ETH).Employed at an airport located in the Italian city of Lamezia Terme, the staffer allegedly put mining malware onto the airport's computer systems, said a news brief today from Italian media outlet Rai News. The employee is said to have set up multiple mining rigs on site, taking advantage of the airport's backend systems in the process. Authorities eventually caught the....