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Bitcoin (BTC) hs xprincd significnt drop in th lst tn dys, flling 10% from $64,190 to $57,800 s of Sptmbr 3. In contrst, othr mjor ssts hv rmind rltivly stbl. Th S&P 500 indx is just 2% blow its ll-tim high, whil gold is only $50 short of its pk Anlysts r trying to […]
NVIDIA NeMo's latest enhancements speed up ASR models by up to 10x, optimizing both performance and cost-efficiency for speech recognition tasks. (Read More)
Israels promoting a new plan to abolish 200 shekel banknotes, forbid possession of physical gold & silver, and use AI for enforcement, while Gaza's state of cash deteriorates. By Efrat Fenigson.
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Binance denied reports suggesting that the crypto exchange seized funds from all Palestinians, stating that only a small number of accounts was restricted.
In 2021, PleasrDAO acquired Once Upon A Time in Shaolin, a one-of-a-kind musical album by Wu-Tang Clan, for $4.75 million.
GitHub experienced four significant service disruptions in July 2024, affecting Webhooks, Copilot, and Actions. Learn more about the incidents and mitigation steps. (Read More)
A group of Israeli tourists lost approximately $700,000 in Bitcoin (about 11 BTC) to an armed gang on the beach of Santa Teresa de Cóbano, Puntarenas, Costa Rica.
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Email scams requesting cryptocurrency have been gaining popularity among criminals around the world.
Bank of Israel (BOI) has postponed the launch ofthe digital shekel until the European Central Bank (ECB) unveils its digitaleuro, Reuters reported. BOI will wait for major Western central banks to takethe first step in adopting central bank digital currencies (CBDCs).
Digital Shekel Debut
BOI's Deputy Governor Andrew Abir told the mediapublication: "We are all waiting for the first western central bank topull the trigger, which is almost certainly going to be the ECB. And then youmay see a rush of countries going forward with it."
As of March, 134 countries, encompassing 98% of theglobal economy, are exploring digital versions of their currencies. China leadswith advanced pilot programs, while the US Federal Reserve lags behind. TheBank of Israel initiated its exploration into CBDCs in 2017, aiming to enhanceits payments system.
The BOI's interest in a digital shekel intensified inNovember 2020. Collaborating with central banks from Hong Kong, Sweden, Norway,and the Bank for International Settlements. BOI has been testing its digital currency in an initiative termed the "Digital ShekelChallenge," which invites fintech and traditional financial companies toshowcase potential use cases.
Despite these efforts, the BOI is uncertain about theeventual launch of a digital shekel. The current experiment serves as an"action plan" to be implemented when deemed necessary andappropriate.
The ECB shares similar hesitations, with the potentialintroduction of a digital euro still uncertain. Europe's dependence oncross-border payment services from US giants like Visa and Mastercard adds tothe complexity.
Public Adoption Uncertainty
Abir highlighted the challenge of public adoption,stating that the concern is whether the public will adopt a digital currency.The BOI is conducting a behavioral study to understand the public willingnessto embrace a digital shekel.
Abir pointed out the gap between theoretical studiesand practical usage. He said that some studies are pushing people to use digital currency. However, he maintains that there should bea good set of use cases.
As the BOI waits for the ECB's move, the globalfinancial community remains keenly interested in how digital currencies willreshape economies and payment systems. The success of the digital euro couldpave the way for Israel's digital shekel and potentially revolutionize globalfinancial transactions.
This article was written by Jared Kirui at www.financemagnates.com.
Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges.
United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 121.
Naresh Nagia of Deloitte explores the impact of tokenization, DLT, and CBDCs on traditional banking in episode 117 of the Public Key podcast. (Read More)
Learn how to create SRT subtitle files for videos using Node.js and the AssemblyAI API in this detailed guide. (Read More)
The TRON network achieved an important objective by creating 28,788 blocks per day in 2025, leaving only 12 blocks until it reached its full capacity. The data from CryptoQuant demonstrates that block production efficiency is improving through this block output performance. The TRON network operates with blocks formed in an average three-second window, which allows […]
OpenAI Faces Backlash for Releasing Overly Agreeable ChatGPT Model OpenAI has sparked controversy after disregarding concerns from experts and launching a new version of its ChatGPT model that exhibits overly agreeable behavior. The decision to release this model, despite warnings from various specialists, has raised questions about the potential consequences of promoting such compliant artificial [...]
OpenAI partners with WAN-IFRA to launch AI accelerator for over 100 newsrooms globally. (Read More)
The Bank of Israel launched the CBDC experiment taking inspiration from the Project Rosalind carried out by the BIS Innovation Hub.
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