Youval Rouach’s Post

This is a historic morning for the financial industry in Israel: this morning we are excited to update that we have started a pilot, with regulatory approval, to issue a "stable cryptocurrency" for the Israeli shekel, named BILS, which actually connects the shekel to the blockchain networks. This is a first of its kind move in Israel to literally integrate digital currencies into the Israeli economy, and virtually anyone with internet access will be able to use the BILS stable shekel to store value and perform financial transactions, even without the need for a traditional bank account. The possible uses are endless, starting from making an immediate transfer of shekels anywhere in Israel and the world, with 24/7 availability, and without dependence on another factor, currency conversions around the clock even after the close of foreign exchange trading, for example conversions between USDC and BILS, to the creation of smart contracts using BILS on blockchain technology. The new currency is planned to be initially based on Solana's blockchain infrastructure, which has characteristics that are suitable for stable currencies such as cost and speed of network transfer, and with the help of the Solana Foundation. The infrastructure for issuing the currency and its custody will be provided by Fireblocks and the technological development of the currency and the related infrastructure will be carried out with the help of QEDIT. The accounting firm EY was chosen to be the firm accompanying the project, and will assist in building the control mechanisms that every currency issued is backed by shekels in the bank account. The response to the pilot launch we see shows that the Israeli financial system is expected to make very intriguing use of it. For the full message about the currency: https://bit.ly/3Tzbo82 #stablecoin #crypto #innovation #digitalcurrency

🧵 How #Cypherpunks Ignited the Era of Bitcoin and Digital Currencies 🪙 The story of #Bitcoin and digital currencies begins with a group of radical thinkers—the cypherpunks. Let's dive into how this movement laid the foundation for today’s digital money 👇 🔐 In the 1990s, the internet was emerging as a powerful tool. But the cypherpunks were more interested in privacy and freedom in the digital age. They were pioneers advocating for strong encryption to protect online communications from governments and corporations. 📝 The cypherpunk manifesto, written in 1993, laid the groundwork for a future where individuals could control their own information and transact without surveillance. They saw encryption not just as a tool, but as a path to liberation. 🤔This vision evolved into something bigger: Digital Cash. The cypherpunks knew that to achieve privacy and freedom, they needed a decentralized, censorship-resistant form of money. But a challenge remained: how to trust a digital currency reliant on banks or governments? 🎤 Enter David Chaum, the godfather of privacy tech. In the early ‘80s, he introduced ecash, a precursor to modern digital currencies. His work showed it was possible to have a digital form of money that was private, but it lacked decentralization. 💡Fast-forward to the late ‘90s: the cypherpunk community was buzzing with ideas for decentralized digital cash. They needed a solution to the double-spending problem (how to prevent the same digital coin from being spent twice) without relying on central authorities. 🚀Then came Satoshi Nakamoto. In 2008, he released the Bitcoin whitepaper, offering a solution that combined cryptographic principles, decentralization, and the blockchain. The cypherpunk dream was finally realized! 🏛️Bitcoin wasn’t just a new currency—it was a revolution. It was decentralized, censorship-resistant, and powered by a peer-to-peer network. The cypherpunks had achieved their vision: a system of money that could not be controlled by any central authority. 🌐 But Bitcoin was just the beginning. Inspired by this success, the broader cypherpunk movement helped fuel the growth of @ethereum, smart contracts, and an entire ecosystem of blockchain innovations that are still evolving today. 🔏 The cypherpunk legacy lives on in decentralized finance (DeFi), privacy-focused cryptocurrencies, and a global movement pushing back against surveillance capitalism. It's a vision for a more private, open, and secure digital future. ✨ As we look to the future, we can trace much of the progress of digital currencies to the work of those early cypherpunks. Their dream was always about more than just digital money—it was about empowering individuals in an increasingly interconnected world. 🔥 Cypherpunks didn’t just create Bitcoin; they ignited a movement. A movement toward a new financial system, where privacy, decentralization, and freedom are not just ideals, but realities 🤩

Charting New Waters: Cryptocurrency and Regulatory Changes Guiding us into a transitional era of financial revolution, #cryptocurrency has evolved as a new investment horizon for a growing number of investors, yet, the rising fascination has also triggered regulation and oversight from financial bodies worldwide. The UK-based Financial Conduct Authority indeed took a step further, outlining plans to regulate the crypto market. Understanding these regulatory transformations and adapting to them effectively can be challenging, regardless of an investor's expertise. That’s where #InvtronDAO comes in! InvtronDAO aims to facilitate effortless navigation through these changes, providing expert guidance to both budding and seasoned investors. By keeping pace with regulatory shifts and distributing insightful content, InvtronDAO turns into a trusted partner in your cryptocurrency journey. Above everything, the mission at InvtronDAO is to support you during the unpredictable times in the crypto market. By providing up-to-date news and regulatory changes, we ensure our community is both well-prepared and well-informed, aiding in optimal investment decisions. As the intriguing narrative of crypto regulation progresses, know that InvtronDAO will keep you posted with the most credible news. Our dedicated team will make certain that you're equipped enough to sail through the complexities of the crypto world. Asides from being a news platform, InvtronDAO is an innovative crypto project, aiming to reform how we perceive cryptocurrency. We're on a mission to make cryptocurrency a conventional financial asset paving the way for crypto lovers and investors seeking valid, up-to-date information, and reliable investment prospects. In essence, while the path to cryptocurrency regulation may appear intimidating, with InvtronDAO by your side as a trustworthy guide, investing in the future of finance can be an exhilarating journey. For more insights into the crypto world, feel free to visit our websites www.invtrondao.com and www.invtron.com. Thanks for trusting InvtronDAO as your guiding partner in the fast-paced and ever-evolving crypto world. Malek Almsaddi Author of "DeFi: The People's Money" & The Founder of Invtron DAO.

Guiding us into a transitional era of financial revolution, #cryptocurrency has evolved as a new investment horizon for a growing number of investors, yet, the rising fascination has also triggered regulation and oversight from financial bodies worldwide. The UK-based Financial Conduct Authority indeed took a step further, outlining plans to regulate the crypto market. Understanding these regulatory transformations and adapting to them effectively can be challenging, regardless of an investor's expertise. That’s where #InvtronDAO comes in! InvtronDAO aims to facilitate effortless navigation through these changes, providing expert guidance to both budding and seasoned investors. By keeping pace with regulatory shifts and distributing insightful content, InvtronDAO turns into a trusted partner in your cryptocurrency journey. Above everything, the mission at InvtronDAO is to support you during the unpredictable times in the crypto market. By providing up-to-date news and regulatory changes, we ensure our community is both well-prepared and well-informed, aiding in optimal investment decisions. As the intriguing narrative of crypto regulation progresses, know that InvtronDAO will keep you posted with the most credible news. Our dedicated team will make certain that you're equipped enough to sail through the complexities of the crypto world. Asides from being a news platform, InvtronDAO is an innovative crypto project, aiming to reform how we perceive cryptocurrency. We're on a mission to make cryptocurrency a conventional financial asset paving the way for crypto lovers and investors seeking valid, up-to-date information, and reliable investment prospects. In essence, while the path to cryptocurrency regulation may appear intimidating, with InvtronDAO by your side as a trustworthy guide, investing in the future of finance can be an exhilarating journey. For more insights into the crypto world, feel free to visit our websites www.invtrondao.com and www.invtron.com. Thanks for trusting InvtronDAO as your guiding partner in the fast-paced and ever-evolving crypto world. Malek Almsaddi Author of "DeFi: The People's Money" & The Founder of Invtron DAO.

Since the day Bitcoin appeared on the scene the planet rushed into development of platforms recording digital currency transactions on the blockchain. Yet all we have to date are a bunch of senseless tokens, digital exchange shysters and countless token investment platforms that vacuum hard earned cash like a Dyson. The model for digital currency platforms is well tested. Hard earned cash comes in one end and leaves out another. Participants are stuck with tokens and dreams of how life could be if a cash buyer for their tokens existed. As a result, the cycle of syphoning wealth from customers in exchange for tokens has eroded trust in digital currencies. Case in point, the US as well as other countries have already launched a digital currency with citizen participation nowhere in sight. The security of the blockchain and convenience of digital currency stirs the imagination no doubt. But the fundamental problem with digital currency is it can not store wealth because it is not perceived to be backed by anything other than a UPS power supply. Enter the UNIT. The UNIT is a new form of currency. It is digital. It is cash. It is gold. The UNIT is a token backed by local cash and gold. The UNIT can be transacted on crypto platforms. The UNIT token can be converted to local or foreign cash and even gold. The UNIT is an Interesting direction in digital currency platform evolution. Now we have a digital currency concept that represents wealth measured in gold and local currency. Hmm, was this not a thing some decades ago before Bretton Woods? It worked decades ago, so might it work now? Hard to tell. As of yet there has not been a proof of concept to demonstrate the viability. In any case finally a digital currency effort not focussed on re-inventing utility, but a honest effort looking at hard economics and backing that is agreed on by the entire planet to be a store of wealth. 

"OSINT for Cryptocurrency Investigation (part 1: the basics)" https://ift.tt/T3N7tHZ If you know nothing about cryptocurrencies, you can still investigate them with some basic background knowledge. This will be the first in a series of articles that will educate readers on how to investigate cryptocurrency. Very Basic Background on Cryptocurrency Cryptocurrencies exist only online. A person owning cryptocurrency will have an “address” that contains the currency. The address is generally a unique long series of numbers and letters. Each address has one owner.  The owner can have a “wallet” containing several addresses. Crypto addresses, the amount of currencies held in them, and the financial transactions of cryptocurrencies are all publicly viewable. The name of the person or entity that owns the address is not public.  Therefore, the available public information generally consists of the addresses and the amounts of currency passing between them. A “blockchain” can be understood as a kind of public list of cryptocurrency data (the addresses, how much they own, and every transaction).  (Crypto experts will chafe at that reductive description; please let it go.) There are thousands of different kinds of cryptocurrencies, but the two main currencies are Bitcoin and Ethereum. As of 2023, the cryptocurrency Bitcoin made up roughly half the market share of the entire crypto market and Ethereum roughly one-fifth (based on information from slickcharts.com). The next largest currencies’ market shares drop precipitously from there. Much of the information here focuses on these two currencies that are most of the market. Basic Investigation of Crypto Addresses It is possible to do a basic investigation into a cryptocurrency address by looking for information about the address itself (whereas a more advanced investigation can look into the address's activities and connections). Blockchain Explorer Websites Blockchain explorer websites can look up addresses and crypto transactions. You can use these sites to look up basic information about an address by simply copying and pasting the address into the website’s search bar. Each explorer contains the following information about the crypto address: current balance, total number of received and spent cryptocurrencies, and dates of the first and last transactions. These sites will sometimes identify if an address is known to belong to a financial organization, criminal group, or other known entity. blockchair.com etherscan.io oxt.me walletexplorer.com General Internet Searches Do a general internet search for the address. By default, the address should only be listed on blockchain explorer websites, so if the address is listed anywhere else, there might be interesting information there. Google the address number followed by “-block” (without the quotes) to filter out unnecessary results. If you search the address alone, you will get a lot of results that are simply blockch...

🚀 Exciting Developments in Crypto Legislation! 🚀 The proposed US Stablecoin Draft Bill is stirring up a storm of discussion in the cryptocurrency realm, particularly around its potential impact on Ethereum and its stablecoins. Here’s a breakdown of the insights from industry experts: 🌟 **Ryan Berckmans**, a seasoned Ethereum investor, sees this bill as a game-changer for Ethereum. According to him, the bill’s nod towards stablecoins on public chains, especially Ethereum, marks a significant step towards legitimization. He believes it could open doors for US banks and private entities to delve deeper into the stablecoin realm, potentially reshaping the financial landscape. 🌍 Moreover, Berckmans highlights the bill's positive stance on non-USD assets, such as on-chain euros and gold, which could foster a more globalized market. 🤔 However, there are contrasting opinions. **Jake Chervinsky**, Chief Legal Officer at Variant Fund, raises concerns about the bill's potential limitations, particularly around its seeming restriction of decentralized stablecoins and its implications for innovation in the space. 💡 Berckmans remains optimistic, suggesting that the bill’s restrictions on USD-pegged stablecoins could inadvertently pave the way for a more diverse stablecoin ecosystem, reducing the dominance of USD-pegged variants. As discussions unfold, it’s evident that the final version of this bill will shape the future of stablecoins and blockchain technology, not just in the US, but potentially worldwide. Let’s keep a close eye on how this unfolds! Exciting times ahead! What are your thoughts on the potential impact of this bill? Let’s discuss in the comments below! 🚀 https://lnkd.in/gBqmSkmD #CryptoLegislation #Ethereum #Stablecoins #BlockchainFuture

Reflecting on the dominant stature of Satoshi Nakamoto in the world of cryptocurrencies, it's amazing how his pioneering vision has dramatically shaped the essence of what we know as Bitcoin today. His creation, the blockchain technology, has far exceeded the confines of digital currencies and seeped into sectors like banking, supply chain, governance, and beyond, stamping its indelible mark in technological history. Often we overlook Nakamoto's master stroke - the Proof of Work algorithm, a cornerstone of Bitcoin network and an integral part of many subsequent cryptocurrencies. It's this ingenious algorithm that solidifies the integrity of transactions, adding a new dimension of security to our digital world. While Nakamoto's revolutionary ideas have left a substantive influence on the crypto sphere, it is through ambitious projects like Invtron DAO that his vision is given new life. By upholding Nakamoto’s core principles of decentralization, transparency, and security, Invtron DAO seeks to architect decentralized financial systems apt for modern finance. Here, we're not just carrying forward Nakamoto's vision, but zealously building upon it. I invite everyone to join us on the exciting journey Invtron DAO has embarked on, truly a testament to the transformative power of decentralized digital currencies in our world today. For updates and more about this promising project, please visit invtrondao.com and invtron.com. The world is slowly embracing the potential of this next big thing in finance, and we at Invtron DAO are ardently doing our part to contribute to Nakamoto’s legacy! - Malek Almsaddi, Author of DeFi: The People's Money & The Founder of Invtron DAO.

Bitcoin: the rebel currency, an ingenious marvel of blockchain Bitcoin, also known as Digital Gold, has become infamous these days. The idea itself is maddening: that someday the cost of literally nothing could be worth more than a fortune! But how exactly was something of that magnitude accomplished? Was it an overnight success story, or is it a deceptive fraud? The answer to these questions is actually mind-boggling! Looking back at the journey of Bitcoin, in 2008, the internet was introduced to a thesis paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," written by someone named Satoshi Nakamoto. The paper was published anonymously, and even today, the true identity of Satoshi Nakamoto remains hidden, except for some rumors. Bitcoin was primarily designed to send online money from accounts to others overseas without involving any third party. To understand it, you must dive into the world of blockchain. Blockchain is a decentralized network, a digital ledger where all information is stored forever; nothing can be erased. It is maintained by thousands of systems (or nodes) across the globe, allowing information to be interchanged between two parties with absolute trust. Now the question arises: How come it does not involve any third party, and how is it even safe when there are thousands of people to whom the data is exposed? You see, to ensure something is not stolen, you keep it in front of everyone and record everyone’s movements, even the bare ones, into a digital record, which can never be tampered with or edited once a piece of information is recorded into it. That’s basically the principle of blockchain in simple words. Now Bitcoin, being a blockchain application, is an astounding example in real life. To send money overseas, people had to depend on banks as a third party. Even if they don’t involve banks, they still need to convert money into a common currency, where the government acts as a third party by deciding the price of their currency. This affects overseas money transactions. That’s where Bitcoin stepped in. Its transparent information fosters absolute trust, and as a digital token, its price is determined by demand, making it a reliable resource. Bitcoin started at $12 in 2008 and now stands at a shocking worth of $93,000 per BTC. Due to its unbreakable security and data transparency, it is viewed as a prime choice for investment. However, the future of this so-called digital currency is uncertain; it may go higher or crash the next day. Only the future will judge that. I am truly grateful for spending your valuable time reading my work; please share your feedback. #Bitcoin #DigitalGold #Blockchain #Cryptocurrency #DecentralizedFinance #CryptoRevolution #CryptoNews #FinTech #CryptoInvesting #BlockchainTechnology #PeerToPeer #SatoshiNakamoto #CryptoWorld #FutureOfMoney #CryptoEducation #FinancialFreedom #BitcoinJourney #CryptoInvestments #DigitalCurrency #BitcoinNews