Blockchain Press Releases
B95: WORLD’S FIRST ELECTRIC HYPER BARCHETTA IS FIRST COACHBUILT CAR BY AUTOMOBILI PININFARINA
- New Automobili Pininfarina B95 is the first-ever all-electric hyper Barchetta and is a coachbuilt celebration of timeless PURA design and technical mastery
- B95 was inspired by the PURA Vision design concept that was conceived, designed and developed in Italy by Automobili Pininfarina’s family of in-house experts
- ·Automobili Pininfarina’s PURA design philosophy transforms the DNA of iconic classic models from the company’s past into the future
- World-first adjustable twin aero screens preserve B95’s elegant design while shielding the occupants, for the ultimate Barchetta driving experience
- B95 name derived from ‘B’ for Barchetta and will mark production and delivery to clients beginning in 2025, the 95th anniversary of legendary design house Pininfarina SpA
- Monterey Car Week selected for the world premiere of B95, alongside the recently revealed Battista Edizione Nino Farina hyper GT and the PURA Vision design concept
- Rarity guaranteed with only 10 bespoke examples of B95 to be crafted for collectors worldwide – the world-first pure-electric hyper Barchetta will be priced from €4.4m
- A full suite of B95 images and film can be found here
- Launch of the design and technology masterpiece B95 available to watch here: youtu.be/G5q4Ike3fhE
- To find out more about the pure-electric hyper Barchetta, visit: b95.automobili-pininfarina.com
CAMBIANO, Italy, Aug. 17, 2023 /PRNewswire/ — Automobili Pininfarina opens an exciting new chapter in its history at Monterey Car Week with the introduction of the world’s first pure-electric, open top hyper Barchetta – the breathtaking new B95.
The pure-electric hyper Barchetta is a design and technology masterpiece – the simplicity of its flowing open-topped bodywork contrasts with exquisite technical details to provide a dramatic interpretation of a classic racer, underpinned by pure-electric performance.
Automobili Pininfarina’s PURA design philosophy expresses an elegant silhouette and dramatic proportions, as demonstrated by the recently unveiled PURA Vision concept. The principles established here have been translated for B95, balancing inspiration from iconic classic race cars with futuristic elements, all while remaining true to the PURA philosophy.
B95 makes its world premiere at Monterey Car Week in August, presented alongside the Battista Edizione Nino Farina hyper GT, which debuted at Goodwood Festival of Speed in July, as well as the recently launched PURA Vision design concept.
Paolo Dellachà, Chief Executive Officer, Automobili Pininfarina, said: “This is the most exciting chapter of the Automobili Pininfarina story so far – we’re taking another big step forward. The introduction of the B95 is the third of three essential building blocks this summer for our brand. First, we introduced the Battista Edizione Nino Farina, an exclusive celebration of Pininfarina’s racing son – also the first Formula 1 World Champion.
“The launch of the PURA Vision design concept then unlocked a new design philosophy for all future models from our brand, across a spectrum of different segments. Now, our new Barchetta shows how these design principles can be applied – with a retro-futuristic vision fusing classic motorsport themes with the latest technological innovations, materials and processes.
“B95 delivers the power of Battista and yet creates a new dimension of driving experience, redefining the very joy of driving. It is the first of a new kind, an object of desire that introduces the thrill of exceptional, electrified performance in stunning open-top form.”
Handcrafting and deliveries of this limited-run masterpiece will begin in 2025, marking the 95th anniversary of Pininfarina SpA. The ‘B’ in its name stands for Barchetta, both elements combined creating the name Automobili Pininfarina B95.
Just ten examples will be made, each one meticulously curated between the Automobili Pininfarina design team in Cambiano and individual clients, ensuring complete exclusivity as no two will be the same. The beautiful example of B95 set for its first presentation during Monterey Car Week is designed by the Automobili Pininfarina Design team and brought to life in collaboration with Pininfarina SpA in Cambiano, developed and hand-crafted there by a team of artisans.
Paolo Dellachà said: “We will present the exceptional B95 showcar in Monterey. Our collaboration with Pininfarina SpA – a design house with decades of experience crafting one-off cars for the world’s most prestigious luxury brands – ensures exceptional quality in execution and we look forward to continuing our close strategic partnership in future.”
DESIGN INSPIRED BY PURA
The design of B95 is exemplified by full-width enveloping bodywork which wraps around into the front fenders. The high swage line gives the outer body a stunning muscular appearance. From within the cabin, it provides a feeling of safety and comfort while connecting occupants with their surroundings.
Dave Amantea, Chief Design Officer, Automobili Pininfarina, said: “Our PURA design philosophy has purity at its heart, a hallmark of the timeless designs of iconic vehicles from Pininfarina’s past. The Barchetta silhouette is instantly recognisable, but it was our job to make it beautiful. The mixture of classic proportions and exquisite detailing have allowed us to create something truly special. We’re allowing customers to drive a dream with B95 – something that defines the brand moving forward.”
The Automobili Pininfarina B95 represents a striking interpretation of a Barchetta body shape. The sleek, timeless lines contrasts with technical detailing to create a pure, beautiful design. The footprint of B95 is accentuated by the elegant body with open access to the sophisticated cabin.
Pronounced wheel arches emphasise the shape and power of the vehicle, enabling the design team to add extra shape to the connection between the arches, and the bodyside. This allows control of the reflections from the bodywork, which adds depth and quality to the design.
Viewed from above, the PURA design DNA is instantly recognisable. With no vehicle glasshouse, the Automobili Pininfarina design team has defined the cabin space with a surrounding loop, which incorporates the seats, adjustable aero screens and the domes behind each passenger. From this view, there are four clear lines that define the B95, showing a connection with the PURA Vision concept.
The open-top driving experience of B95 is enhanced by the world’s first electronically adjustable aero screens. Taking inspiration from vintage fighter planes, the clear polycarbonate designs feature intricately engineered and exposed aluminium supports and can be raised and lowered by the client to improve comfort while preserving design integrity.
Clients can order bespoke helmets, in a finish coordinated to match their chosen B95 specification. These accessories allow the driver to fully experience B95’s hyper car performance safely on road or track.
B95: LAUNCH CAR SPECIFICATION OVERVIEW
The main body of the unique B95 making its world debut in Monterey this year is finished in metallic Bronzo Superga, providing a dramatic contrast to the distinctive Giallo Arneis gloss section at the front and atop the driver’s dome, itself featuring Black Gloss ’95’ lettering.
Extensive use of Black Exposed Signature Carbon delivers a technical 3D sculptural effect that contrasts from the elegant paintwork of the body. This same detailing of contrast can also be viewed around the carbon fibre splitter at the front and around the rear aero outlet.
The body finish is a flawless, multi-layered gloss, emphasising B95’s elegant silhouette. It combines gold metallic flakes to give it an incredible depth of colour. In the daytime, the accents appear gold in texture and colour, while at night it takes on a bronze hue, giving the impression of two different colours depending on the time of day.
To complete the exterior, B95 has new 20″ front / 21″ rear forged aluminium wheels finished in Matt Black and contrasting with exposed aluminium matt precision-polished outers. The centre lock rings are finished in brushed aluminium anodized in black, while the brake callipers are Giallo Arneis, matching the exterior accents.
The interior is the epitome of a classic race car meeting futuristic design, with a concept car-inspired dashboard and cabin environment that leaves occupants feeling safe and cossetted.
From the driver’s seat, the expansive dashboard appears to merge with the exterior, extending the distinctive lines of the hood into the cabin, as seen on the PURA Vision design concept.
Together with the sculptural carbon-fibre dashboard, a floating wing effect is created. The dashboard is upholstered in Tan Sustainable Luxury Leather with bespoke embossing, which contrasts with the brushed black aluminium anodised finish that features elsewhere.
The seats, also finished in the Tan Sustainable Luxury Leather, are inspired by those of a classic race car, designed to curve around the occupant. Both seats have been profiled to cosset the driver and passenger, ensuring comfort and protection, with a two-part design inspired by the seats found in PURA Vision, with unique aluminium inserts.
The headrests, featuring electro-welded Pininfarina logos, are finished in a Pied de Poule Houndstooth Luxury Textile while black and tan contrast stitching continues across the seats, door interiors and dash.
There are unlimited bespoke opportunities for collectors specifying B95, ensuring each one of the 10 examples will be unique.
One of the most noticeable bespoke opportunities is the laser-engraved aluminium door plate, located on the outer edges of both doors and easily visible when entering and exiting the car. Finished in anodised black with bespoke B95 engraving in white, they add a sense of theatre to entering the hyper Barchetta.
Andrea Crespi, Chief Technical Officer, Automobili Pininfarina, said: “The Automobili Pininfarina B95 could have been created simply as an all-electric hyper Barchetta, however we wanted to make it so much more than that. We’ve selected the latest technology to make it a vehicle people desire to own, as well as a thrilling place to be. The application of technology to create our adjustable aero screens is inspired by two-wheel motor racing – ensuring this is a pioneering road car. This patented new technology enables the pure thrill of open-top driving, yet in comfort even at the high speed that the B95 is capable to reach.”
The B95 is powered by the same state-of-the-art powertrain that delivers breath-taking performance in the Battista hyper GT, but with a unique tune for such a unique vehicle. Accelerating from 0-60mph in less than 2 seconds, B95 has a top speed of more than 300km/h.
The world’s first pure-electric hyper Barchetta features a high-capacity 120 kWh lithium-ion battery generating peak power of 1400 kW (1900 PS). The T-shaped battery pack, which is liquid-cooled, is protected within a strong and lightweight carbon fibre housing and can be charged using DC fast chargers up to 270kW – for a 20-80% top up in as little as 25 mins.
This power is delivered to the road via four independent high-performance electric motors – one driving each wheel. Five distinct drive modes leverage Full Torque Vectoring technology to enable the driver to tailor power delivery and handling to suit their preference and driving conditions.
There is a choice of five driving modes to tailor the driving dynamics: Calma, Pura, Energica, Furiosa and Carattere, which are activated via a tactile, sporty rotary selector, located next to the steering wheel.
FAMILY OF IN-HOUSE EXPERTS
The B95 has been developed using decades of experience and expertise by Automobili Pininfarina’s in-house family of engineering and manufacturing experts in Italy. It was conceived, designed and developed in Italy and features advanced technologies pioneered at Automobili Pininfarina’s Digital Innovation Hub in Germany.
Automobili Pininfarina now employs 116 people across its engineering headquarters in Cambiano, Italy, and innovation hub in Munich, Germany, in a team that comprises more than 20 different nationalities, harnessing global expertise and experience to shape a new era in electric mobility.
For more information, visit
automobili-pininfarina.com/media-zone
ABOUT AUTOMOBILI PININFARINA
Automobili Pininfarina is based in operational headquarters in Munich, Germany, with a team of experienced automotive executives from luxury and premium car brands. Designed, engineered and produced by hand in Italy, the Battista hyper GT and all future models will be sold in all major global markets under the brand name Pininfarina. The new company aims to be the most desired, sustainable luxury car brand in the world. The company is a 100 per cent Mahindra & Mahindra Ltd investment and has been named Automobili Pininfarina following the signing of a trademark licence agreement between Pininfarina S.p.A. and Mahindra & Mahindra Ltd. Pininfarina S.p.A. has an influential role in supporting design and production capacities based on its unique 94-year experience of producing many of the world’s most iconic cars.
THE AUTOMOBILI PININFARINA BATTISTA (LINK TO PRESS KIT)
The Battista is the most powerful car ever designed and built in Italy and it delivers a level of performance that is unachievable today in any road-legal sports car featuring internal combustion engine technology. Faster than a current Formula 1 race car in its 0 -100 km/h sub-two second sprint, and with 1,900 hp and 2,340 Nm torque on tap, the Battista will combine extreme engineering and technology in a zero emissions package. The Battista’s 120 kWh battery provides power to four electric motors – one at each wheel – with a combined WLTP range of up to 476 km (U.S. combined EPA: 300 miles) on a single charge. No more than 150 examples of Battista will be individually hand-crafted at the Pininfarina SpA atelier in Cambiano, Italy.
Photo – https://mma.prnewswire.com/media/2188323/B95_01.jpg
Photo – https://mma.prnewswire.com/media/2188327/B95_02.jpg
Photo – https://mma.prnewswire.com/media/2188329/B95_03.jpg
Photo – https://mma.prnewswire.com/media/2188330/B95_04.jpg
Photo – https://mma.prnewswire.com/media/2188331/B95_05.jpg
Photo – https://mma.prnewswire.com/media/2188332/B95_Infographic.jpg
Logo – https://mma.prnewswire.com/media/1316779/Automobili_Pininfarina_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/b95-worlds-first-electric-hyper-barchetta-is-first-coachbuilt-car-by-automobili-pininfarina-301903620.html
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act of 2023, a controversial bill he initially co-sponsored with Senator Elizabeth Warren and others. This bill, reintroduced in the Senate on July 27, 2023, aimed to bring the cryptocurrency industry into alignment with existing anti-money laundering (AML) and counter-terrorism financing (CTF) laws.
Key Provisions of the Bill
The legislation proposed stringent regulations on digital asset providers, including unhosted wallet providers, miners, and validators, by classifying them as financial institutions under the Bank Secrecy Act (BSA). It mandated these entities to adhere to BSA compliance requirements, which include extensive reporting and monitoring responsibilities. Additionally, the bill called for the Financial Crimes Enforcement Network (FinCEN) to establish regulations for reporting significant foreign digital asset holdings and to create compliance measures to address risks associated with anonymity-enhancing technologies.
Senator Marshall’s Shift
Marshall’s withdrawal from the bill comes as a surprise, particularly given his earlier criticisms of cryptocurrencies, which he has described as a “threat to national security.” This includes concerns over stablecoins like Tether potentially facilitating illegal activities and circumventing U.S. sanctions. Despite his earlier stance, Marshall’s departure from the legislation suggests a reconsideration of the bill’s implications or an alignment with broader political and industry perspectives on cryptocurrency regulation. His office has not provided a comment on the reasons for his withdrawal.
Political and Industry Reactions
The bill had garnered significant bipartisan support, with 18 co-sponsors, reflecting a broader concern in Congress over regulating the rapidly growing cryptocurrency market. However, it has also faced criticism for potentially imposing impractical compliance burdens that could stifle innovation and push crypto activities offshore. Critics argue that the bill’s stringent requirements could inadvertently drive users toward unregulated platforms, thereby undermining its intent to enhance security and regulatory oversight.
Broader Context
The withdrawal comes at a time when cryptocurrency regulation is a highly contentious issue in U.S. politics. Former President Donald Trump has promised to relax crypto regulations if elected, contrasting with the current administration’s more stringent stance. Under President Joe Biden, the Securities and Exchange Commission (SEC) and other regulatory bodies, led by figures like Gary Gensler, have taken a more rigorous approach to regulating the sector, which has drawn criticism for being overly restrictive.
Senator Marshall’s decision to step back from the Digital Asset Anti-Money Laundering Act reflects the complex and evolving nature of cryptocurrency regulation in the U.S. While the bill seeks to bring greater oversight and security to the crypto industry, it also raises concerns about regulatory overreach and its potential negative impact on innovation and privacy. As the debate continues, the U.S. legislative and regulatory landscape for cryptocurrencies remains in flux, balancing the need for security with the desire to foster technological innovation.
Source: decrypt.co
The post Marshall Becomes First US Senator to Walk from Controversial Crypto Bill He Co-Sponsored appeared first on HIPTHER Alerts.
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