A consortium of companies is receiving support from a research hub backed by Italy’s central bank in a bid to develop an ecosystem for traditional financial institutions to wade deeper into DeFi. Cetif Advisory, a research consultancy supporting banks, insurance companies, and other TradFi firms with digitization solutions, announced it was receiving developmental support from the Milano Hub, a research…
The Bank of Italy’s Milano Hub innovation center will provide support for a project developed by Cetif Advisory to research a security token ecosystem for institutional decentralized finance (DeFi). The project has no “commercialisation purpose,” but will extend “the scope of analysis” of security tokens on secondary markets. Security tokens are digitized representations of the ownership of real-world assets. Cetif…
The idea of history repeating itself is commonplace. Nevertheless, it’s intriguing to watch it unfold when it happens, as I believe we’re seeing now with Web3 echoing the dot-com era. If you weren’t there at the time, the phrase “the dot-com bubble” makes it sound like everyone was getting tipsy on their over-consumption of the newly-discovered internet. If you were…
Blockchain security firm Quantamp is set to return $28 million raised in a 2017 initial coin offering following charges brought by the United States Securities and Exchange Commission (SEC). The U.S. agency announced that it had formally charged the California-based firm on July 21 for conducting an unregistered initial coin offering of “crypto asset securities”. According to the statement from…
In the current climate, which is pretty hostile for the digital assets industry following the failures of 2022, central bank digital currencies (CBDCs) are often perceived as “crypto killers.” This is hardly an overstatement, as financial authorities’ aspirations concerning CBDCs are relatively straightforward: return firmer control over the movement of money before it gets too decentralized. Governments around the world…
The Internet of Things (IoT) has emerged as a transformative technology, connecting physical devices to the digital world and enabling data-driven decision-making. This interconnectivity has given rise to innovative applications across various industries, streamlining processes, enhancing efficiency and creating new opportunities. This article will break down seven real-world IoT applications and examples that are revolutionizing industries worldwide. Smart home automation …
An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting user data through a smartphone application, Onavo. According to a Reuters report, the Federal Court of Australia has directed Meta, along with its subsidiaries Facebook Israel and the discontinued app, to reimburse $270,356 (A$400,000) in…
Jameson Lopp has been on the front lines of the battle between technologists and those who want to preserve Bitcoin as it is since the scaling debates of 2015–2017. The topic arouses such passion that many suspect it was a disgruntled Bitcoiner opponent who called down an armed SWAT team to his home, leading him to famously go underground. Lopp…
Vera Molnàr’s journey from the first computers to embracing NFTs stands as a testament to the enduring curiosity that transcends age and generation. At the age of 99, the Hungarian-born artist is set to unveil her newest generative art series, “Themes and Variations,” created in collaboration with generative artist Martin Grasser. 500 artworks will be sold by Sotheby’s in a…
In spite of crypto’s enduring winter and the ever-spiraling NFT market, on-chain generative artwork has seen something of a renaissance in the last year. Now, a new platform with a major backer aims to take on the stalwarts of the space. Led by boutique, curatorial collectives like Art Blocks and globe-trotting experiential collections like Bright Moments, generative art pieces—digital works…
