Intesa Sanpaolo, Italy’s second largest financial institution (FI) — along with 13 other banks — has completed the first phase of an interbank blockchain trial.
The tests, which began on June 4 and ended last week, were held with ABI Lab, which is supported by the Italian Banking Association (ABI). The interbank system is built on Corda Enterprise, developed by R3, and uses the Sia blockchain node infrastructure. The goal is to “create bilateral channels through which each counterparty can exchange information whilst maintaining confidentiality and privacy so that only those with a need to see the data can access it,” according to a press release noted in CoinDesk.
“Currently, two banks involved in the project are members of R3. They share our goal of moving blockchain applications into commercial deployment and changing business from within, and we are pleased to be working with them on this project,” said Katerina Koutoulaki, associate director at R3.
In other news, Yale University was reportedly an investor in Paradigm, a new digital asset fund recently started by Coinbase Co-founder Fred Ehrsam, former Sequoia Capital Partner Matt Huang, and Charles Noyes, formerly of crypto fund Pantera Capital, according to Bloomberg. In addition, CNBC reported that Yale’s Chief Investment Officer David Swensen also invested in Andreessen Horowitz’s $300 million crypto fund on behalf of the university.
Malwarebytes Labs reported that a supposed cheat for the popular video game Fortnite actually turned out to be malware designed to steal bitcoin wallet login details. The malware came from a YouTube video that led to a “little slice of data theft malware disguised as a cheat tool.” While the YouTube account has over 700 subscribers, according to the report, the video had been viewed over 2,200 times. Once a user clicked on the video, they were taken to a page asking them to subscribe to the YouTube account. From there, they were led to download the fake tool.