The Bank of Israel (BOI) is actively pursuing plans to introduce a digital shekel in order to enhance Israel’s payment system and encourage innovation. While the concept of a central bank digital currency (CBDC) has been on the radar since 2017, the BOI intensified its efforts in November 2020. The bank has been collaborating with
Denver Mayor Mike Johnston has unveiled a plan for a sales tax hike to fund affordable housing in the city. This proposal calls for a 0.5% tax increase to raise approximately $100 million annually. If approved, this would add to the already existing 0.34% sales tax hike on the November ballot, aimed at generating around
This week, investors are eagerly anticipating the release of the June consumer price index report, which will have a significant impact on the stock market. Analysts are closely monitoring this data to gain insights into the Federal Reserve’s potential interest rate cuts in the near future. Economists are predicting that the consumer price index will
In a recent announcement on July 9th, 2024, ChainwireDora unveiled the completion of a highly successful early stage funding round amounting to $5.5 million. This funding round was co-led by two prominent venture capital firms, Dragonfly Capital and Lemniscap, with participation from Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital. Additionally, notable angel investors such
Athletic Brewing Company, a leading nonalcoholic brewer, made headlines with the announcement of its latest equity financing round led by General Atlantic, which raised an additional $50 million. This significant investment is expected to fuel the expansion of production capacity and the introduction of new offerings to meet the growing demand for nonalcoholic beer among
Goldman Sachs has reaffirmed its buy rating on shares of Alphabet and Meta. They have raised their 12-month price target on Google to $211 and on Meta to $522, citing increased estimates and valuation multiples. This move indicates their confidence in the growth potential of these tech giants. Stifel has initiated a buy rating on
In recent days, Bitcoin has experienced a slight rise in price after facing significant losses. The world’s largest cryptocurrency saw a 0.4% increase in the past 24 hours, reaching $57,386.4. On the other hand, Ether, the second-largest token, rose sharply by 0.7% to $3,074.46. These price movements come after concerns over token distributions by the
The U.S. dollar showed signs of strength in early European trade, rebounding from its recent lows ahead of Fed Chair Jerome Powell’s testimony to the Senate. The Dollar Index, which tracks the greenback against a basket of currencies, rose slightly to 104.737, despite lingering concerns following a weak jobs report. Traders are closely watching Powell’s
Bybit, the world’s second-largest web3 platform by trading volume, has recently announced a partnership with Beach, Please! – Romania’s biggest hip-hop festival. This collaboration aims to offer a range of exclusive perks for festival-goers, creating a unique connection between music fans and the world of cryptocurrency. In addition to the previously announced “Spin and Win”
One of the key areas of concern for investors anticipating a possible second Trump administration is the impact it could have on trade relations with Mexico. In the past, Trump’s policies have led to volatility in the Mexican peso, with significant market reactions to his decisions. The renegotiation of the USMCA trade deal was a