The Bank of Israel has initiated the “Digital Shekel Challenge” to explore the potential of a central bank digital currency (CBDC) system inspired by the BIS Innovation Hub’s “Project Rosalind.” Fourteen teams from various sectors have been selected to propose innovative use cases. The challenge aims to integrate digital shekel with other payment systems and […]
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 payment solutions using the digital shekel, leveraging its Application Programming Interfaces (APIs). Participants are expected […]
On Monday, Tether, the leading stablecoin issuer, revealed it had frozen 32 addresses allegedly linked to activities involving war, terrorism, and crime. These USDT accounts are said to have ties to suspicious operations in Israel and Ukraine. The firm further disclosed that it is actively collaborating with Israel’s National Bureau for Counter Terror Financing (NBCTF) […]
Members of Israel’s Web3 community have launched Crypto Aid Israel, a fundraiser in support of those affected by the conflict with Hamas. The goal is to attract cryptocurrency donations to relieve the humanitarian situation of thousands of Israelis displaced by the surprise attack of Palestinian militants from Gaza. Web3 Firms Unite in Crypto Aid …
The Israel Police have frozen crypto accounts held at Binance allegedly used by Hamas to collect crypto donations as tensions between Israel and Hamas escalate. In addition, the Israel Police have frozen a Hamas-linked account at Barclays Bank. Hamas-Linked Crypto Accounts at Binance Frozen The Israel Police’s official account on social media platform X announced […]