Israel Considers Digital Shekel Design

Newsroom

04 Mar 2025

Israel's Proposal for a Digital Shekel

Israel Explores Digital Currency Design

The Bank of Israel is considering the potential introduction of a central bank digital currency (CBDC) and has shared a possible design for this futuristic digital currency.

A Multipurpose Digital Shekel

Details about the proposed digital currency, referred to as the digital shekel (DS), were disclosed on Tuesday in a publication by the central bank. The digital shekel is envisioned as a versatile CBDC, intended for use in both retail and wholesale sectors.

Stay Informed on Crypto Developments

To keep up-to-date with the latest in cryptocurrencies and digital finance, consider subscribing to the State of Crypto Newsletter.

By subscribing, you will receive information about CoinDesk offerings, and you agree to the terms of use and privacy policy.

Bitcoin’s Wild Card: How Germany’s Debt Plans Could Shake Up Crypto

Inflation Fears, Government Sales, and Gold - What’s Next for Bitcoin? Bitcoin is entering a critical phase as Germany’s shifting economic policies threaten to reshape its trajectory. With Friedrich Merz set to become Chancellor and pushing for a €500 billion debt expansion, inflation concerns are rising - and

Are XRP Whales Preparing for a Big Move as Ripple vs. SEC Lawsuit Nears Conclusion?

Massive Accumulation Hints at a Potential Price Surge Amid Legal Speculation Ever since Donald Trump's election victory and his vow to support the crypto industry - including firing former SEC Chair Gary Gensler - speculation has been mounting about a potential resolution in the long-running lawsuit between Ripple

XRP Price Consolidates as Key Levels Hold

Ripple’s Token Struggles to Break Out - Is a Major Move Coming? Ripple’s XRP has been navigating a critical price range, bouncing between support and resistance within an expanding wedge pattern. With the 100-day moving average and the $2 support level defining its boundaries, traders are watching closely

XRP: Current Situation, SEC Negotiations and Positive Market Signals

Ripple Faces Regulatory Pressure but Gains Institutional Interest XRP Price and Market Status XRP is currently trading at $2.42, with a market capitalization of approximately $140.86 billion, making it the fourth-largest cryptocurrency behind Bitcoin, Ethereum, and Tether. Despite some market fluctuations, the price remains relatively stable, with a