BBC Russia has it that former Wex Exchange (formerly BTC-E) operator Dmitry Vasilyev has been detained in Italy. Some may recall the curious price discrepancies on Wex not so long ago, which raised red flags across the industry. The Wex/BTC-e Connection The belief was that the exchange wanted to attract deposits to capture money for nothing. Once the deposits were made, it was believed...
By CCN Markets: The Italian government is reportedly trying to be lenient on some forms of hard-to-tax savings, such as that held in safe deposit boxes. Bitcoin could be a viable investment for these retail investors. The reality is that no government can track every dollar – unless they have something like a blockchain to help them. This reality is part of the reason people believe the dawn of...
By CCN Markets: The Italian government is mulling the decision to issue a “parallel currency” in a move that could plunge the eurozone into crisis - and provide the best case yet for mass bitcoin adoption. In the same week, the Italian deputy prime minister proposed a tax grab on cash and valuables stored in safety deposit boxes. These crisis policies expose deep cracks in the fiat monetary...
Gold and bitcoins worth of hundreds of thousands of euros are the spoils of an elaborate online fraud discovered by the postal police in Liguria, Italy. Bitcoin Scam Artist Impersonated Swiss Crypto Firm Local sources reported that the Italian authorities recently arrested a Genoa-based computer expert who entangled his victims by exploiting encrypted communication channels and false identities...
As Fox News and right-wing talking heads rail against AOC and the largely invented and self-serving rise of socialism that they want to claim is jeopardizing the American way of life, in Italy a new 'citizens' income' has been introduced that provides a safety net for the poor. What is the Citizens' Income? The citizens' income is a cornerstone initiative of Italy's Five Star Movement (M5S) which...
A consortium of Italian banks has successfully completed the initial trial of a blockchain-based system aimed at enhancing interbank operations. Known as the interbank Spunta Project, the 14 banks chose the Corda distributed ledger technology platform developed by the R3 blockchain consortium. The application was developed by NTT Data Italia while decentralized storage platform Sia provided the...
Italian football Serie A champions Juventus FC have become the latest top level European football club to announce a partnership with a blockchain company, with the launch of the 'Juventus Official Fan Token'. The token, which is being launched as part of a multi-year strategic partnership with blockchain platform Socios.com is designed to tap into the club's 340 million-strong global fanbase and...
An Italian court has seized bitcoin wallets belonging to shuttered cryptocurrency exchange BitGrail as part of the company’s bankruptcy proceedings. BitGrail disclosed that its assets had been seized in a statement dated June 15, explaining that it had turned over the bitcoin wallets on June 5 in response to an order from the Tribunal of Florence. From the statement: “On June 5, 2018, pursuant to...