The Bank of Israel (BOI) is making strides towards implementing a digital shekel currency to modernize the country’s payments system and promote innovation. Deputy Governor Andrew Abir has expressed the bank’s commitment to this project, which has been in the works since 2017. However, the BOI is hesitant to launch the digital shekel ahead of
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Recently, Mayor Mike Johnston of Denver proposed a plan for a sales tax hike to fund affordable housing in the city. This proposal is aimed at increasing the sales tax by 0.5% in order to generate approximately $100 million annually. This initiative comes shortly after the city council’s approval to place a 0.34% sales tax
Dora, the unified search and action engine for the multichain world, recently closed a successful $5.5 million early stage funding round. This round was co-led by Dragonfly Capital and Lemniscap, with the participation of Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital, as well as notable angel investors like Rushi Manche and Dino Savonin. The
As we approach Thursday, all eyes are on the release of the June consumer price index report. This report is expected to provide insight into the future actions of the Federal Reserve regarding interest rates. Economists are predicting a 0.1% month-over-month increase in CPI for June, with a 3.1% year-over-year increase. Additionally, core CPI, which
Athletic Brewing Company, a leading nonalcoholic brewer, has recently secured an impressive $50 million in equity financing, with General Atlantic leading the round. This substantial investment is a testament to the company’s rapid growth and increasing popularity in the nonalcoholic beer market. With plans to expand its production capacity and offerings, Athletic Brewing Company is
The possibility of former President Donald Trump winning back the White House in November has investors preparing for various scenarios, with “America’s backyard” high on the list of markets to look out for. The Trump administration had terse relations with much of Latin America, including during the distribution of COVID-19 vaccines and when the U.S.
Goldman Sachs has reiterated their buy rating on shares of Alphabet and Meta, with a new price target for both stocks. The financial institution cited raised estimates and valuation multiples as the key drivers for their decision. While it’s essential for analysts to provide clear reasoning behind their recommendations, it would be beneficial for investors
Bitcoin price experienced a slight increase on Tuesday after facing significant losses in recent weeks. The concerns around a potential spike in token supply and the distribution of tokens by Mt Gox had caused a major dip in the value of Bitcoin. However, the cryptocurrency managed to rise by 0.4% to $57,386.4, showing signs of
Bybit, the world’s second-largest web3 platform by trading volume, has announced a partnership with Beach, Please! – Romania’s biggest hip-hop festival. This collaboration is aimed at offering a range of exclusive perks for festival-goers, further connecting music fans with the exciting world of cryptocurrency. Building on the previously announced “Spin and Win” Lucky Draw, which
The performance of major currencies in the foreign exchange market is always a topic of interest for traders and investors. The recent movements in the U.S. dollar, euro, British pound, and Japanese yen have created significant fluctuations in the market. Analyzing the factors affecting these currencies can provide valuable insights for making informed trading decisions.