Intesa Sanpaolo, the largest banking group in Italy, has purchased $1.03 million in Bitcoin (11 BTC), becoming the first Italian bank to directly purchase the trending cryptocurrency. The confirmation has come after an internal memo surfaced.
Intesa Sanpaolo is prominent for exploring blockchain technology. Its deep interest in Bitcoin represents a milestone for Italy’s cryptocurrency sector. This change comes amid global institutional Bitcoin interest and anticipation of pro-crypto policies under Donald Trump.
US President-elect Trump is returning to the office on January 20. He is expected to bring big changes in the emerging cryptocurrency sector. But there is one more thing you should read about. It is about the carbon footprint of Bitcoin and other digital currencies.
Calculating the carbon footprint of cryptocurrency is quite a challenging task. But it has been reported that Bitcoin and similar currencies require large amounts of energy – more than is used by some small countries – to perform a task called crypto mining.
