Italy Leads Charge in Ethical AI: A Look at the New Data Collection Investigation
The Italian Data Protection Authority has launched a comprehensive investigation to scrutinize the data collection methods used in artificial intelligence (AI) training, with a specific focus on web scraping activities. Announced on November 22, this inquiry represents a significant step by Italian regulators in ensuring that the personal data of its citizens is protected from […]
BlackCat hackers target Italian asset manager Azimut in cyber assault
Italian investment firm Azimut successfully thwarted a malicious cyberattack orchestrated by the notorious ransomware group BlackCat. The attack, which occurred on July 21, marked yet another addition to the hacker group’s extensive list of 477 victims, which includes the state-owned Italian energy services provider GSE. Azimut shielded its customers from harm, as the hack failed […]
Italy’s plan to remain on the board of ECB
Amid a whirlwind of financial and policy shifts, Italy is set to stand its ground in the European Central Bank’s (ECB) influential circles. With the proposition of senior Bank of Italy official, Piero Cipollone, as its candidate for a spot on the ECB’s decision-making panel, Italy hopes to maintain its influence over the bloc’s monetary […]
Italy’s Central Bank urges action to avert stablecoin runs
The highest banking authority in Italy has called for a “robust, risk-based” regulatory framework for stablecoins, which could prevent the worst-case scenario — a “run” on stablecoins. In its recently released “Markets, Infrastructures, and Payment Systems” report for the month of June, the central bank urged regulators to apply the same financial standards of conduct […]
There is a global race to regulate AI innovations
The race is on. A worldwide pursuit to reign in the boundless frontiers of artificial intelligence (AI) is underway, reflecting our global society’s struggle to grapple with the implications of rapidly progressing technology. Emerging AI tools like ChatGPT, backed by tech behemoth Microsoft, are finding themselves under scrutiny from national and international governing bodies. This […]
Binance axes privacy tokens in European crackdown
In a move that signifies the mounting pressure faced by the cryptocurrency industry, Binance, a leading cryptocurrency exchange, has decided to delist privacy-focused tokens for customers residing in certain European nations. Countries such as France, Italy, Spain, and Poland will witness the termination of trading in privacy tokens including Monero (XMR) and Zcash (ZEC) from […]
Italy Emerges as Europe’s Robotics and Automation Powerhouse, Report Reveals
TL;DR Breakdown According to a recent report by HowToRobot in collaboration with UCIMA (the Italian Packaging Machinery Manufacturers’ Association), Italy has solidified its position as the leading country in the European robotics and automation industry. The study highlights Italy’s dominance in terms of the number of businesses in the sector, surpassing other European powerhouses such […]
OpenAI’s ChatGPT makes a comeback in Italy
After dealing with privacy issues raised by Italy’s data protection agency, Garante, OpenAI’s ChatGPT has successfully resumed its services in the country. The AI chatbot was previously suspended due to concerns over potential violations of the European Union’s General Data Protection Regulations (GDPR). OpenAI has now introduced changes to meet the regulator’s requirements, restoring ChatGPT’s […]
Italy considers allowing ChatGPT’s return but on strict conditions
Italy’s data protection watchdog, Garante, is considering allowing the return of OpenAI’s ChatGPT at the end of April, provided that the company addresses the agency’s concerns. Pasquale Stanzione, the authority’s chief, stated in an interview with Corriere della Sera newspaper that they are ready to reopen ChatGPT on April 30 if OpenAI demonstrates a willingness […]
Italy is stifling innovation by banning ChatGPT – Details
Italy’s regulator, the Garante, has banned the use of OpenAI’s chatbot, ChatGPT, due to privacy concerns and possible data breaches. The move by the Italian regulator has caused significant controversy among the tech industry and the country’s deputy prime minister. The ban comes as a surprise to many as it is unusual to completely ban […]
Italy has introduced a 26% tax on crypto gains
Under a new budget bill that received approval from the Italian parliament just last week, cryptocurrency dealers in Italy would be subject to a capital-gains tax of 26% beginning in the year 2023. The Italian government under Prime Minister Giorgia Meloni has proposed a measure that would provide taxpayers the option of reporting the value […]
Italy set to spearhead crypto art renaissance; NFT market report 2022
With its long history, rich culture, and vibrant art, Italy is one of Europe’s cultural centers. A new report claims that Italy is now poised to spur the crypto art Renaissance thanks to its nonfungible token (NFT) market. By the end of 2022, the Italian NFT market is expected to have grown by 47.6%, according […]
Ferrari forges a deal with blockchain organization Velas Network AG
TL;DR Breakdown Italian supercar manufacturer’s headquarters office of Maranello has revealed their new partnership with Velas AG. Velas Network AG is an organization that deals with NFTs and blockchain technology. On DEC. 27, 2021, the headquarters of Ferrari manufacturers revealed that they had completed a partnership with Velas AG. The blockchain firm will help the […]
Royal House NFTs drop on Italy’s unification 150th anniversary
TL;DR Breakdown A recent royal NFTs project based on Italy’s House of Savoy is waiting to make a market debut on the 150th Italy’s Unification anniversary. The NFTs will tell a story of the royal house’s heroic efforts in helping many globally. Recently, the artistic film director Yi Zhou talked about her upcoming royal NFTs featuring Italy’s […]
More criminals turn to cryptocurrencies as haven to launder funds
TL;DR Breakdown Italian Police says more criminals have turned to crypto Dark web vendors made most sales in 2020 when crypto crimes surged Criminals prefer cryptocurrencies for its anonymity and hard to track feature The Italian Anti-Mafia Directorate (DIA), a department in the country’s Police force, has revealed that several mafia groups and criminal organizations […]
Beware! Scammers selling fake COVID-19 health pass for payments in crypto
TL;DR Breakdown Scammers sell fake COVID-19 health pass for crypto payments. Scammers are also selling fake COVID-19 vaccine certificates on DarkNet. Police in Italy have busted several illegal fraudsters who sold fake COVID-19 health passes on Telegram channels for payment in cryptocurrencies. A total of 32 Telegram groups were said to have offered fake COVID-19 […]
Binance is cutting futures and derivative offerings for Europeans
TL;DR Breakdown: Binance is planning to terminate futures and derivative products offering for Europeans. Effective today, users in Germany, Italy, and the Netherlands won’t be able to open new positions in such products. This comes after the exchange announced the reduction of the max leverage for futures trading to 20x. Leading exchange, Binance announced Friday […]
Fashion NFT: Dolce and Gabbana floats NFT wearables
TL;DR Breakdown Dolce and Gabbana partners UNX to float fashion NFT wearable Gucci was the first fashion house to launch NFT Fashion firms are uniquely partnering game developers to break in the digital asset space Italian luxury fashion house Dolce and Gabbana has partnered with digital marketplace UNX to float a collection of fashion NFT […]
Giorgio Chiellini shatters Solana NFT sale record, sells for $59k
TL;DR Breakdown Giorgio Chiellini NFT set new price record for NFT sold on Solana Trezeguet NFT, his golden goal in Euro 2000 auction ends today The Gladiator, Giorgio Chiellini’s NFT, has broken the record for NFT sales on Solana as each piece of the fungible sold for $58,989. After his win at Euro 2020, the […]
Giorgio Chiellini, Juventus captain floats NFT collection
TL;DR Breakdown Italy captain Giorgio Chiellini floats NFT line Chiellini fungible buyer to meet player, get signed player jersey and watch him play Top European club Juventus, captain, Giorgio Chiellini has float his own collection of non-fungible tokens (NFTs). Giorgio Chiellini who also doubles as captain of Italy’s national side launched his NFT collection on […]
Italian regulator worried about unregulated cryptocurrencies
TL;DR Breakdown • The unregulated cryptocurrencies’ rise can become a problem for the market.• Paolo Savona joins other institutional leaders to call for more regulations for digital assets. The spread and rise of digital currencies without precise and clear regulation can cause concern. The head of the Italian regulator has also said that the whole […]
AC Milan to Launch ACM fan token with Chiliz
TL:DR Breakdown: AC Milan has signed a multi-year partnership with Socios.com. Under the partnership, the Italian club will launch its ACM fan token. Since the past year, the cryptocurrency sports movement has been gaining traction as popular football clubs have joined to improve fan engagement. On Monday, the Italian professional football club, AC Milan, announced […]
Ethereum farm compromises airport security
Illegal Ethereum farm caused airport disruption one person arrested, more suspected Airports, airlines, and their staff have been hit incredibly hard by the COVID-19 pandemic. The outbreak has seen passenger traffic drop by 80%+ and cost airports millions of dollars in lost revenue. Under those conditions, it’s not surprising that at least one airport employee […]
Coronavirus inspires small Italy town to create own currency
Owing to the drastic economic effect of coronavirus in Italy and also a way to survive these hard times, a small Italy town, Castellino del Biferno, with 550 residents, began minting their local currency. The currency dubbed “Ducati” was developed primarily to support the economy of the small Italy town now that COVID-19 pandemic ravages. […]
Italian Banca Sella enables Bitcoin trading amid lockdown
One of Italy’s leading banks Banca Sella has started offering Bitcoin trading services through its unique platform named Hype, as the coronavirus pandemic continues to rip through the country, forcing the entire region to go into lockdown, Somag News reported on Thursday. With the rising national debt and the constant increase in the death toll […]
