Crypto Retro

🔔 Israel Takes a Leap into the Future: Digital Shekel Payment Test Set to Launch! 💡 The Bank of Israel (BoI) is not one to shy away from innovation. With its sights set on the future, it's accelerating the development of its very own central bank digital currency (CBDC), affectionately known as the digital shekel. ✅ In a move inspired by Project Rosalind, a collaboration between the Bank for International Settlements and the Bank of England, the BoI is introducing the Digital Shekel Challenge. This exciting experiment aims to foster collaboration and spur creative thinking in CBDC development. 🔴 The challenge will unfold in three phases, starting with applications and presentations, followed by access to a sandbox environment for selected projects, and culminating in a final showdown before a panel of judges. 🌐 The BoI is casting a wide net, inviting participants from all walks of life – be it private companies, public institutions, or academic minds – to join forces in building cutting-edge real-time CBDC payment systems that could revolutionize how we transact. 🤝 Deputy Governor Andrew Abir emphasizes that this endeavor is all about teamwork. He envisions a collaborative effort involving not just the central bank but also the private sector and government. By involving diverse stakeholders, they aim to ensure transparency and inclusivity in shaping the digital shekel's future. 💰 And here's an intriguing twist: Abir believes that rather than posing a threat to traditional banks, the digital shekel could actually spur healthy competition. In his view, it might even nudge banks to offer more attractive interest rates on deposits – now that's an unexpected bonus!

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🔥 FTX Group's $25 Million Whistleblower Scandal: Cover-Up Before the Crash 💰 In a shocking twist, it has been revealed that FTX Group paid a staggering $25 million to seven whistleblowers before the crypto exchange's fateful collapse in November 2022. ➡️ The bombshell report by independent examiner Robert Cleary uncovers a web of secrecy, with FTX settling claims and keeping employee complaints off the record. 💼 The investigation uncovered systemic improprieties, leading to settlements primarily handled by attorney Daniel Friedberg, as FTX failed to properly address the concerns raised. 📝 One whistleblower dared to speak up, accusing FTX of misleading regulators and investors. Attorney Friedberg's response? A demand for an apology from the brave informant. 💸 With settlements reaching eye-watering sums, including a jaw-dropping $16 million for one whistleblower just months before the exchange's downfall, it's clear that FTX was desperate to keep its skeletons hidden. 🟢 As former FTX executive Ryan Salame faces sentencing for his role in the scandal, it becomes evident that Bankman-Fried's empire was built on deception, with his own hefty sentence and an $11 billion forfeiture hanging over his head.

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🔒 Blockchain Technology Enables Reusable KYC Solutions, Easing the Burden for Users and Businesses 💼 As the importance of KYC compliance grows, so does the market for KYC software, projected to reach $2.93 billion by 2027 with a CAGR of 20.8%. 📈 The surge in identity-related frauds and the rise of deep fakes and AI scams are driving the need for robust KYC measures. ⏳ However, traditional KYC processes are repetitive and time-consuming, leading to a significant drop-off rate of up to 40%. 💰 Implementing KYC is no small expense either, accounting for a hefty 40% of AML compliance costs for banks. 🔄 Enter reusable KYC, a game-changer that leverages past verifications across platforms, saving time and reducing costs. 🌐 Trinsic's innovative "identity acceptance network" is revolutionizing the space, enabling businesses to verify millions of users faster while combating fraud. 🤝 Partnerships with industry leaders like CLEAR further enhance the network's effectiveness, streamlining the verification process for users. ✈️ Imagine using your CLEAR verification at airports and seamlessly reusing it across other platforms within the network – that's the power of reusable KYC.

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🟢 BounceBit Revolutionizes Bitcoin Investing with Binance-Backed Roadmap 🌐 CeDeFi: The Future of Bitcoin Investment BounceBit, the innovative restaking platform, is on a mission to democratize high-yield Bitcoin investing. With the backing of crypto giant Binance, their 2024 roadmap aims to bridge the gap between centralized and decentralized finance. 🔔 The Perfect Blend: Centralization Meets Decentralization Unlike trendy sidechains and tokens, BounceBit is taking a different approach. Their vision involves fusing the best of both worlds – the liquidity of Coinbase and the power of decentralized infrastructure – without compromising Bitcoin's core technology. 💼 Binance Labs Sees Potential in BounceBit When Binance Labs invested in BounceBit, it wasn't just about the money. It was about unlocking new possibilities for Bitcoin utilization. The startup's CeDeFi framework is already making waves, combining the security of CeFi with the potential of DeFi. ❗️ Three Pillars for Success BounceBit's roadmap is crystal clear. The BounceBit Portal will be your gateway to fixed earnings and tailored structured products. The BounceBit Chain will optimize performance, while BounceClub empowers users to create their own CeDeFi offerings. 💰 Bitcoin Bulls Eyeing New Heights With Bitcoin hovering near $66,000 and positive inflows into spot ETFs, all eyes are on that crucial resistance level at $67,500. If we break through, experts like Markus Thielen predict a bullish rally that could take us to new all-time highs. 📈 Institutions Fueling the Fire Institutional investors have been instrumental in Bitcoin's ascent, accounting for a whopping 75% of new investments. A breakthrough at $67,500 could spell trouble for short sellers, potentially liquidating millions and propelling Bitcoin's momentum even further.

🚨 $ZERC outperformed the whole crypto market today! 🚨 FULLY VESTED SMALL CAP TOKEN IN THE INFRASTRUCTURE CATEGORY 🚨 zkRace - from No. 1 NFT horse racing game to a vast GameFi infrastructure. zkRace is the world’s 1st scalable zkRace layer 2 zk-rollup Validium infrastructure crafted for all WEB3 gaming needs. HUGE TOKEN UTILITY: - $ZERC for all in-game transactions - NFT sales for $ZERC token - In-game marketplace trades - Gas fee for utilizing the zkRace infrastructure (zkRace and 10 other games) - Allocation rounds of new W3Forge ecosystem projects 🚨Only 2 CEXes are live, 2 more to come in the next 24h! +2 more new listing this WEEK! 🚨 Get in before it's too late! $ZERC contracts: ETH: 0xf8428A5a99cb452Ea50B6Ea70b052DaA3dF4934F BNB: 0x9c47e503b2f497e9ad9f1c0dfa6bd9fd5456aa4e Polygon: 0xe1b3eb06806601828976e491914e3de18b5d6b28