The Israeli police cyber unit and Binance tackled Hamas’ attempts to raise funds via cryptocurrency while Crypto Aid Israel, supported by Fireblocks, was established to receive cryptocurrency donations for displaced citizens securely. The growing cooperation could potentially link cryptocurrency assets and traditional banking, crystalizing a hybrid financial future vision.
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Crucial Crypto Updates: The Bitcoin Slump, Crypto Aid Israel and The Rise of BitVM
Bitcoin’s value hovers at $27,653 as Robert F. Kennedy Jr, a crypto enthusiast, vies for presidency as an independent, proposing the reinforcement of the US dollar with Bitcoin among other assets. Cryptocurrency organizations, including Fireblocks, offer aid in the midst of the Israel crisis, suggesting possible integration of crypto in traditional finance systems. Robin Linus unveils BitVM, potentially importing Ethereum-level smart contracts to the Bitcoin sphere.
Blockchain Aid: A Lifeline in Humanitarian Crises or a Cybersecurity Challenge?
Local Israeli blockchain organizations have formed ‘Crypto Aid Israel’, a global fundraiser to provide urgent aid to displaced citizens amidst ongoing conflict. The initiative aims to deliver immediate help, like food and medical products, and emphasizes the importance of secure transactions to prevent scams. This blockchain-powered aid highlights the potential of the technology in humanitarian situations.