Tag: Italian

Italian Banks Back Digital Euro, Urge ECB to Stagger Implementation Costs

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Italian banks have expressed their support for the European Central Bank’s (ECB) digital euro initiative, but are calling for the implementation costs to be spread out over several years due to the financial burden it places on the sector. “We’re in favour of the digital euro because it embodies a concept of digital sovereignty,” said Marco Elio Rottigni, General Manager of the Italian Banking Association (ABI), during a press seminar in Florence,  Reuters reported on Friday. “Costs for the project, however, are very high in the context of the capital…

House of Doge Buys Italian Football Club

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Dogecoin Foundation’s commercial arm, House of Doge, has snapped up a majority stake in a historic but struggling professional Italian football team.  In an announcement from Monday, the House of Doge, together with merger partner Brag House Holdings, Inc., has become the “largest equity holder” in US Triestina Calcio 1918, as part of its mission to back projects that “carry community, cultural relevance, and long-term value.” “The investment in US Triestina 1918 represents Dogecoin’s most ambitious step into European football, positioning House of Doge at the forefront of merging digital…

Italian Banking Group Banca Sella Pilots Stablecoin Custody With Fireblocks: Bloomberg

Banca Sella, an Italian banking group known for tech experiments, has begun an internal trial that lets a handful of employees hold crypto, including stablecoins, through custody software from Fireblocks. The trial runs until the end of the summer, after which executives will decide whether to open the vault to the group’s 1.4 million customers who keep more than €66 billion ($77.5 billion) under custody, Bloomberg reports. Sella’s test covers custody only. Trading in bitcoin or other volatile tokens is not on its roadmap, according to the story. Europe’s clearer…

Italian town to unveil locally financed Satoshi Nakamoto monument

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The Italian municipality of Fornelli in the Molise region of Italy will be dedicating a monument to pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto. In an April 23 Facebook post from the municipality, Fornelli said it plans to unveil the Satoshi artwork on May 1. Details surrounding the monument were unclear in the announcement, but the municipality said it had been designed by artist Mattia Pannoni and financed by the local government.  “It is important, indeed fundamental, as an administration, to take into consideration all the new ideas that come from…

Tether acquires 30% stake in Italian media company Be Water

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Major stablecoin issuer, Tether, invested 10 million euros ($10.8 million) in Italian media company Be Water. According to a March 27 announcement, Tether acquired a 30.4% stake in Rome-based Media Water. Tether CEO Paolo Ardoino said the company recognized “the importance of independent media in shaping informed societies.” “Our investment in Be Water aligns with our vision to support technology-driven innovation across industries,” Ardoino added. Related: Tether seeks Big Four firm for its first full financial audit — Report According to its LinkedIn page, Be Water is an Italian producer…

Tether buys minority stake in Italian giant Juventus FC

Stablecoin issuer Tether has invested in Juventus Football Club as the firm expands beyond digital payments, Bitcoin, and AI. Tether, the company behind the $140 billion stablecoin (USDT), announced that it has acquired a minority stake in Italian football giant Juventus FC. The investment aims to diversify the crypto titan’s portfolio in 2025 and integrate digital assets into everyday life through sports, according to a press statement. Aligned with our strategic investment in Juve, Tether will be a pioneer in merging new technologies, such as digital assets, AI, and biotech,…

Crypto Exchange Gate.io Secures Sponsorship Deal With Italian Soccer Giant Inter Milan

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Crypto exchange Gate.io has secured a sleeve sponsorship deal with Inter Milan, the reigning Italian champions. Gate.io’s logo will be displayed on both men’s and women’s team jerseys. Both parties see this collaboration as a chance to connect with their respective communities and explore opportunities at the intersection of football and cryptocurrency. Sleeve Sponsorship Enhances […] Source

New Online Casino Site Instant Casino Partners with Italian Serie A Team Juventus FC – Blockchain News, Opinion, TV and Jobs

Turin, Italy, May 24th, 2024, Chainwire Iconic Italian football club Juventus has announced a partnership with Instant Casino, a crypto online casino, will be its new regional betting partner in Europe.  The agreement has been described as a major win for both Juventus fans and Instant Casino players, promising a wide range of entertainment opportunities and exclusive rewards.  Chief Commercial Officer of Juventus Tiziana Di Gioia echoed this optimism while speaking on the new partnership:  “We are delighted to welcome Instant Casino to the Juventus family. This partnership represents an…

Coinbase and Conio Partner to Bring Digital Assets to Italian Banks

The partnership between Coinbase and Conio is indicative of a larger trend in Europe that sees traditional banks and other financial institutions accepting cryptocurrencies more and more. The well-known US cryptocurrency exchange Coinbase and Conio, an Italian cryptocurrency wallet provider partly owned by two large Italian companies, have formed a new alliance. This partnership aims to make a variety of digital assets more easily accessible to banks and other financial institutions across Italy. Conio will make use of Coinbase Prime to provide institutional-grade liquidity support for crypto-friendly banks looking to…

Conio, Backed by Italian Banks, Partners with Coinbase for Supporting Crypto Banking in Italy

“Conio created the first multisig bitcoin wallet for smartphones in Italy, and we are now enlarging the custody capabilities because Italian banks are demanding more in the way of digital assets,” said Conio general manager Orlando Merone in an interview. “We are adding EVM Ethereum Virtual Machine chains, and the target is to cover almost 60% of the digital assets market by next year.” Source