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Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move


The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB)...

Israel to Launch Digital Shekel Test for Payment


The "digital shekel," also known as the central bank digital currency (CBDC), is being developed at a faster pace by the Bank of Israel (BoI). The bank recently provided an update on May 28 that included preparations for the payment use case of the CBDC through the 'Digital Shekel Challenge'...

Bank of Israel Launches Digital Shekel Challenge


The Bank of Israel has announced the Digital Shekel Challenge, inviting various entities — private companies, public sector organizations, and academic institutions — to participate in the digital shekel’s experimental environment. The initiative aims to foster the development of innovative...

Economist Peter Schiff Declares ‘Bitcoin Fad is Over’ as Gold Prices Soar


After the overnight Israeli retaliatory strikes against Iran, gold prices have settled around $2,388 per ounce, having briefly touched the $2,400 mark right after the events. Over the last five days, gold has increased by 1.85%, while bitcoin has declined by 8% since the onset of the conflict last...

Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments


The Bank of Israel is launching a sandbox environment for testing CBDC said in a statement use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications. The post Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments...

Top Crypto Gainers Today on DEXScreener – SHIELD, INNO, DAMM


With the bears back in control of the broader crypto market on Monday amid a continuation of concerns about the tense Iran/Israel situation, as well as regarding the latest strong US economic data which will likely on serve to further deter the Fed from cutting interest rates, crypto traders...

Crypto Markets Crash as Iranian Drone Attack on Israel Sparks Sell-Off


The cryptocurrency market experienced a significant downturn following an Iranian drone attack on Israel, leading to a widespread sell-off of digital assets.    The post Crypto Markets Crash as Iranian Drone Attack on Israel Sparks Sell-Off appeared first on Cryptonews

XRP Price Prediction Amid 11% Dump to $0.54 – Recovery to $1 Incoming?


The XRP (XRP) price came under heavy selling pressure on Friday, dumping 11% to $0.54 amid a crash in altcoin markets due to rising concerns about a potential US/Israel versus Iran war. The post XRP Price Prediction Amid 11% Dump to $0.54 – Recovery to $1 Incoming? appeared first on Cryptonews

U.S. Sanctions Hezbollah Crypto Operator Linked to Terrorist Funding


A hawala operator who worked with agents from Hezbollah on cryptocurrency funding infrastructure has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the federal agency announced Tuesday. Tawfiq Muhammad Said Al-Law is accused of providing digital wallets to...

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