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Bank of Israel pioneers interest-bearing CBDC with unique features

Israel

Israel’s central bank, the Bank of Israel, has announced plans to launch an interest-bearing Israeli shekel central bank digital currency (CBDC). This move comes as part of the country’s exploration of digital currency options since 2021.  Israel’s unique digital shekel design The digital shekel will adopt a two-tier model, featuring 24/7 instant payments, multipayment support, […]

Israel’s Military Utilizes Advanced Technology in Gaza

Israel

The military deployment of AI technology by Israel in Gaza marks a significant development in modern warfare. Amidst concerns over the use of autonomous weapons, Israel’s army has utilized AI-enabled military technology for the first time in combat operations in Gaza. The deployment includes advanced AI-powered gunsights and robotic drones, underscoring Israel’s commitment to leveraging […]

Rise of Autonomous Weapons: A New Era in Military Technology

Weapons

In recent years, the rapid advancement of artificial intelligence (AI) has brought about a profound shift in military technology, with several nations developing autonomous weapons systems capable of making life-or-death decisions without human intervention. This emerging technology, often referred to as “killer robots,” represents a significant turning point in modern warfare, raising critical ethical, legal, […]

Russia-Linked Hackers Acknowledge Responsibility for OpenAI Outage Amidst Alleged Israel Connection

OpenAI Outage

Unbelievably, Anonymous Sudan—a hacker group allegedly associated with Russia—has surfaced as the mastermind behind the latest wave of disruptions affecting OpenAI’s popular chatbot, ChatGPT. The group’s motive, as declared on the Telegram messaging app on Nov. 8, points accusing fingers at OpenAI’s alleged support of Israel through its exploration of investment opportunities.  The fallout from […]

Generative AI Propaganda War – Israel’s Manipulative Tactics and Hamas’ Emotional Warfare

Generative AI

Generative AI, hailed for its potential in diverse fields, now faces a darker side as it becomes a weapon for extremist propaganda. In the ongoing Israel-Hamas conflict, the Israeli government is utilizing generative AI to disseminate misleading information, while Hamas supporters globally employ emotionally charged content to sway public opinion. The implications of this technological […]

FinCEN flags crypto transfers linked to Hamas

FinCEN

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) is doubling down on its commitment to clamp down on illicit financial activities. With a magnifying glass hovering over crypto transactions linked to the militant group Hamas, FinCEN is urging financial institutions to step up and snuff out any “suspicious activity” that might be aiding global terrorism. […]

Binance seize over 100 crypto accounts linked with Hamas

Unveiling Binance's hidden role in HKVAEX's rise in Hong Kong

As per the Financial Times report on Tuesday, over 100 accounts linked with Hamas have been frozen at the request of the Israeli police since the October 7 attack. However, the move aims to stop the Palestinian militant group funding. Moreover, Israeli authorities have sought details on an additional 200 accounts, predominantly hosted on Binance, […]

Tether freezes over $873,000 connected to ‘terrorism and illegal warfare’ in Israel and Ukraine

tether

Tether, the global leader in stablecoin issuance, has bolstered its collaboration with law enforcement agencies worldwide. Aiming to stifle cryptocurrency-fueled terrorism and illegal warfare, the company has been notably proactive. To date, its efforts have aided 31 agencies across 19 international jurisdictions, freezing assets valued at approximately $835 million. Moreover, these actions have largely focused […]

Israel gets ready for its Gaza invasion

Israel

As the crisis in the Middle East escalates, Israel is on the brink of launching a significant ground invasion into Gaza. This move comes amid a backdrop of mounting tensions not just in Gaza, but also along Israel’s northern border with Lebanon, underpinning the multifaceted challenges Israel faces in the region. The Multi-Front Confrontation The […]

JPMorgan rings alarm on Israel-Hamas conflict’s economic impact

Israel

Mounting tensions in the Middle East, compounded by the volatile situation in Ukraine, have caused ripples across the global economic landscape. A crucial voice among financial powerhouses, JPMorgan Chase, weighed in last Friday on the potential repercussions of the ongoing Israel-Hamas conflict on the world economy. Impending Financial Storm Clouds The world sits on the […]

Joe Biden threatens Iran over Gaza – The details

biden

The escalating tensions between Israel and Hamas have drawn attention on the international stage, with U.S. President Joe Biden decisively stepping in. Biden’s warning to Iran underscores the treacherous web of alliances and enmities that drive Middle Eastern politics. However, with thousands of lives at stake, all eyes are on the major players navigating this […]

Binance and Israeli Police partner to stop Hamas’s crypto donations amid rising conflict

To curb financial aid to the Palestinian militant group Hamas amid escalating violence, Binance teamed up with the cyber unit of Israel’s police. The collaboration has successfully led to the freezing of several cryptocurrency accounts believed to be linked to Hamas, significantly impacting the militant group’s fundraising campaigns. The tumultuous situation in Israel, characterized by […]

Global Crypto Community Unites to Aid Displaced Israeli Citizens Amid Conflict

Crypto

In response to the recent outbreak of hostilities between Israel and Hamas, several cryptocurrency companies, including MarketAcross, Collider Ventures, and the Israel Blockchain Association, have joined forces to establish Crypto Aid Israel. This global fundraiser aims to provide humanitarian assistance to displaced Israeli citizens affected by the conflict. The Crypto Aid Israel initiative has garnered […]

Israel eyes blockchain technology to revamp real estate sector

Israel is keenly considering integrating blockchain technology into its real estate transactions. According to Israeli media, the Israel Land Authority has explicitly called for blockchain experts to delve into possible applications of this technology in the sector. This move aims to address some long-standing issues plaguing the real estate market in Israel, such as high […]

Israel & Hong Kong test privacy-focused CBDC for all

Israel & Hong Kong test privacy-focused CBDC for all

In a ground-breaking move that promises to reshape the financial landscape, Israel and Hong Kong’s central banks, in conjunction with the Bank for International Settlements, recently unveiled the findings of Project Sela. This innovative venture sought to create a unique central bank digital currency (CBDC) for retail consumers, embodying the best of both cash and […]

Israel seizes millions of dollars in digital funds, averts terror financing plot

The Israeli Defense Ministry announced on Tuesday that it had successfully seized millions of dollars in digital funds intended for Hezbollah, a powerful Iranian-backed Lebanese group, and the foreign Quds Force arm of Iran’s Revolutionary Guards. The operation, approved by Israeli Defense Minister Yoav Gallant, aimed to identify and confiscate funds laundered by Iran-supported organizations. […]

Israel’s high-tech takedown of $1.7M in crypto from Iran military and Hezbollah

Israel

According to the Defense Minister and the crypto investigative organization, Israel has successfully seized $1.7 million worth of crypto from the Iranian military and Hezbollah, dealing a significant blow to illicit financing networks. The cutting-edge blockchain analysis tools that Chainalysis provided made this possible.  According to Chainalysis, the seizure of cryptos from Hezbollah and the […]

OpenAI CEO identifies Israel’s impact in risk mitigation

OpenAI CEO sees 'huge' Israeli role in reducing risks from the technology

Artificial Intelligence (AI) continues to surge forward, shaping the future and transforming every facet of our lives. Amidst this whirlwind of digital revolution, Sam Altman, the CEO of the prominent tech firm OpenAI, points to Israel as a pivotal player in ensuring that this technology evolves responsibly and securely. Israel’s influence in mitigating AI risks […]

Israeli crackdown on terrorist financing: 190 Binance accounts seized

Binance

In a recent development, Israel has seized 190 Binance accounts with alleged terrorist ties since 2021, according to a report by Reuters. The Israeli authorities have been cracking down on cryptocurrency accounts with suspected links to terrorism as part of their ongoing efforts to combat illegal activities. Binance is one of the world’s largest cryptocurrency […]

Tech apocalypse breaks out in Israel due to SVB’s collapse

Israel

Israel’s thriving technology sector is facing its biggest crisis as the collapse of Silicon Valley Bank (SVB) has removed a crucial funding source for the country’s startups. Why is Israel suffering? The country’s tech sector, known as “Startup Nation”, accounts for around 15% of the country’s economic output and more than half of exports, and […]

Tel Aviv stock exchange dives into the cryptocurrency market

Tel Aviv stock exchange dives into the cryptocurrency market

The Tel Aviv Stock Exchange (TASE) has announced its plans to expand the authorized activities of Non-Banking Members (NBMs) to include trading in cryptocurrency. Why Tel Aviv is doing it This move is seen as another step towards the advancement and development of the Israeli capital market that aims to encourage innovation and competition while […]

Bank Leumi launches Pepper Invest crypto project for BTC and ETH trading

Bank Leumi

TL;DR Breakdown • Israeli banking system would be the first to promote crypto trading.• Bank Leumi partners with Paxos to launch its crypto platform. Recently, Bank Leumi, one of the biggest service providers in the Israeli banking industry, became an open promoter of crypto trading in the country. According to reports, banks would now support […]

26 crypto Ponzi operators arrested by FBI in Israel

Crypto

TL;DR Breakdown FBI arrest 26 crypto ponzi operators in Israel. Fraudsters deceived Americans to invest in crypto and eloped with funds. Suspects begin trialed in court this week. Federal Bureau of Investigation, alongside the Israeli Police, have arrested 26 suspected crypto Ponzi operators in Tel Aviv, Israel. Local media in Israel reveals that the FBI […]

Israel intelligence agency plans to hire crypto expert

Jerome Powell

TL;DR Breakdown Israel intelligence unit wants to hire crypto expert. Israel intelligence agency also wants to appoint business consultant. Monero expert is best for Israel crypto job. Mossad, Israel intelligence agency is set to employ a cryptocurrency and financial technology expert reportedly so it can use cryptocurrencies for anonymous payments to agents or purchasing equipment. […]

Terrorism-related Bitcoin worth $7.7M seized by Israel government

Brian Armstrong

TL;DR Breakdown Israel government seize terrorism-related Bitcoin worth $7.7m Hammas terrorist group used crypto for their operation Over time multiple cryptocurrencies have come under scanner for illicit operations Israel government recently confiscated a terrorist Bitcoin and Dogecoin to the tune of $7.7 million. Analytics from a London-based firm revealed that terrorist group Hamas used numerous […]

Israeli tax authority heightens pressure on crypto taxation

savings

TL;DR Breakdown: The Israeli tax authority now wants exchanges to report crypto transactions of Israeli users for taxation. Particularly, Bitcoin investors are liable to pay up to 25 percent in tax. The Israeli government has raised its crypto taxation moves, requiring that the citizens should disclose whatever cryptocurrency they hold, especially Bitcoin (BTC). In addition […]

Bitcoin now more liquid than global reserve currency

rsz bermix studio ax hn und i unsplash

Bitcoin is now more liquid than global reserve currency. The currency has more base money supply than the United Kingdom and Russia combined. Bitcoins have an M1 ( cash, cheques, money you can withdraw in banks)  of $300 billion market cap. Bitcoin is more liquid than the global reserve Bitcoin is more liquid than the […]

Tax bitcoin as a currency, Israeli political party proposes

Tax bitcoin as a currency

New bill proposes to change taxation approach towards bitcoin Bitcoin and crypto assets are subject to 25 percent taxation Another bill seeks to amend reporting intervals for cryptocurrency traders Israel is considering whether to tax bitcoin as a currency, changing the current taxation approach towards crypto. According to a local media outlet, a political party has […]

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