The Bank of Israel pilot tested the use of Digital Shekel for making payments in a closed environment along with its transfer among different digital wallets.
The news came yesterday that The People's Bank of China had urged major banks and Alipay to crack down on crypto trading.
In a further crackdown on crypto operations and trading, China has asked top payments companies and banking lenders to block any kind of crypto transactions.
Billionaire Steve Cohen said that the best way to learn crypto investment is to put your money in the game. He said that his asset management firm is exploring options for crypto investments.
With a lot of Chinese miners unplugging their rigs aim the recent crackdown, the BTC hashrate corrected more than 30% from its all-time high last week.
The U.S. SEC has sought public comments for the ETF products with a deadline up to July next month.
The banking giant predicted that Digital Euro stored in ECB wallets which will impact the deposits in traditional banks. This will be specifically impacting smaller economies like Greece, Latvia, Lithuania, Estonia, Slovakia, Slovenia, etc.
Jones added that if the U.S. Federal Reserve fails to address inflation concerns, he would all-in with hedge assets like Bitcoin.
The Taproot upgrade will enhance the performance efficiency of the Bitcoin network along with bringing smart contracts to the platform.
The IMF said that its officials are following the developments closely and it will be sharing its concerns with El Salvador President Nayib Bukele soon.