Algorand to support bank and insurance guarantees platform in Italy
Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy’s banking and insurance markets. The Algorand-supported platform is expected to be launched in early 2023. According to Algorand’s Dec. 13 announcement, this is the first time an EU Member State will use blockchain […]
Why the world’s largest museum is embracing NFT technology
Eventually, all museums will build their digital copy in the metaverse, according to Dmitry Ozerkov, the head of the Contemporary Art Department at The State Hermitage Museum. Ozerkov is currently developing the “Celestial Hermitage”, a digital version of the iconic Russian museum, which will be exhibiting NFT art. “We are all moving into the digital […]
Spanish banks required to report 3-year digital currency plans
Digital currency plans by Spanish banks must now be reported according to sources at the Banco de Espana, which claimed that the central bank wants to examine the effect digitalization is having on financial services. The Bank of Spain has been quiet for years on the subject of digital currencies. However, this year, it’s stepping […]
Crypto will generate more wealth than the internet, says Morgan Creek Capital CEO
By laying the foundations of the internet of value, cryptocurrency and blockchain will generate more wealth than Web 1 and Web 2, said CEO of Morgan Creek Capital, Mark Yusko, in an exclusive interview with Cointelegraph. “We haven’t even gotten to the parabolic growth part of Web 3, which is going to create untold wealth”,, […]