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Israel Is Preparing Action Plan For Launching A Digital Shekel As World Is Rapidly Moving Toward Cybercurrency And The One World System

Israel has conducted a pilot test of a digital shekel cryptocurrency, Bank of Israel Deputy Governor Andrew Abir said at the Fair Value Forum of IDC.

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Israel has already conducted a pilot test of a digital shekel cryptocurrency, Bank of Israel Deputy Governor Andrew Abir said, perhaps inadvertently, at a recent conference of the Fair Value Forum of IDC Herzliya.

All over the world we are seeing cryptocurrency coming online in fits and starts, stunning losses followed by even more stunning gains, and in Israel work is right now being done to see about the feasibility of a digital shekel. When you remember that the Mark of the Beast is an implantable device to control buying and selling, then you understand that the Mark is cryptocurrency.

“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.” Revelation 13:16-18 (KJB)

In fact, everywhere you look right now, the whole world is going digital on every level, and currency is no exception. Ever think about the word ‘crypto’? It’s chock full of meaning to the student of bible prophecy. A ‘crypt’ is where dead bodies are kept, and a ‘cryptographer’ is someone who deals with things that are ‘hidden’ and ‘secret’. No matter how you slice it, ‘crypto’ currency is the preferred means of transaction for the end times generation, that’s how close we are.

Israel has already tested a digital shekel cryptocurrency

FROM THE JERUSALEM POST: Toward the end of a panel discussion, Abir said the Bank of Israel had already run a digital currency pilot. Another member of the panel seemed surprised and asked: “You have already issued a coin?” Abir responded in the affirmative. However, Abir said he was not optimistic that such a central-bank digital currency (CBDC) would ever be launched.

“I had previously estimated that the chance of having a CBDC within five years is 20%,” Abir said. “My estimate has increased a bit in the last year, mainly because other countries are advancing with it too. But still there is less than a 50% chance.”

In May, the Bank of Israel said it was preparing an action plan for how it could offer a digital currency. The concept of issuing such a currency has been in discussion since 2017, but it decided to accelerate its research and preparation for the potential issuance “in view of the rapid developments in the digital economy and in payments, and in view of the major central banks’ work on the issue.”

A CBDC would rely on distributed ledger technologies such as blockchain, but it would be different from the cryptocurrencies that are popular today, including bitcoin. The most important difference is that while cryptocurrencies do not belong to any specific country, and some are characterized by having no central authority to manage them, a CBDC issued by a country’s central bank would be regulated by the relevant state authorities.
“The option for a CBDC is still being examined, and when we made our statement last month, it was not to say what we are doing, but rather to share what we do not know and receive feedback from the public,” Abir said.
In recent years, there have been significant and very rapid changes in the payments market in Israel and abroad. While no central bank in an advanced economy has yet announced a decision to initiate a project that would lead to its issuing a digital currency, there has recently been an apparent change in global sentiment on the matter, and the central banks in a number of major world economies have begun exploring the possibility of issuing a CBDC alongside existing means of payment.

The Bank of Israel is most concerned about staying on top of emerging global trends, Abir said.

“The payment system in Israel is at least a decade behind other countries,” he said. “But in the last year, we have started to close the gap with the distribution of the infrastructure that allows contactless payments and the entry of digital wallets. We are in the middle of a process of disruptive technology, and we do not know who are going to be the winners. Will it be the banks, credit-card companies, fintech or big technology companies? There will be changes in the next few years that we do not yet know about. But it is clear that the environment in five years’ time will not be the same as the environment today.”
Abir played down common expectations for a digital currency.
“I’m sorry to tell you, but it’s not going to eliminate the banks,” he said. “No central bank will introduce a digital currency for this purpose. The banks will still have an important part in the entire payment system. Another thing that might disappoint you is that any digital currency of a central bank would not be designed as a kind of protection against bitcoin. What we are talking about is a payment system. Bitcoin is not a payment system, and it is not a currency. In the best situation, it is a financial asset, and in the worst case, it is a pyramid scam,” Abir said. READ MORE

Israel Considers Switch to Digital Shekel – Dec. 26, 2017

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

Cryptocurrency

SOULBOUND? The Longer That It Matures And Grows, The More That Cryptocurrency Seems To Have In Common With The Coming Mark Of The Beast

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Soulbound tokens, cryptocurrency and a social credit system sure sounds to me like the whole world is gearing up to receive the Mark of the Beast

Last time I checked, a ‘crypt’ was where they put the dead bodies, so a ‘cryptocurrency’ would be money that is connected with dead things. Cryptocurrency has become huge over the pandemic, amazing coincidence I know, and now the founder of one of the world’s largest tech platforms for crypto is now rolling out something called a ‘soulbound token’ that will attached with the death money. Are you still waiting for the end times to start? Better hurry, you are 801 days behind the curve at the moment.

And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17 (KJB)

I did not use Habakkuk 1:5 for my theme verse in this article, but I sure could have when you consider how this is all playing out right in front of your face, and amazingly, almost no one seems to notice. Prolly because they are just a tad distracted with the Johnny Depp and Amber Heard trial, or the recent school shooting, or the latest artificial race riot, or mix and match a list yourself from a seemingly endless lineup of distractions up to and including COVID, smallpox and monkeypox. In the meantime, you can jump in the Metaverse and put your death money into your Soul so you can store your soulbound tokens as you await Antichrist who will give you the Mark of the Beast so you can keep buying and selling.

Your whole identity could soon live in ‘Soulbound tokens’ on web3, Ethereum’s co-founder says

FROM FORTUNE: Early this month, Vitalik Buterin co-authored a paper outlining his vision for a “decentralized society” (DeSoc) where individuals accrue a permanent record of merits and attributes that are stored in private blockchain wallets as non-tradable crypto assets.

The writers dub those achievement badges ‘soulbound tokens’ also known as SBTs

“Imagine a world where most participants have Souls [digital wallets] that store SBTs corresponding to a series of affiliations, memberships, and credentials,” the authors write, suggesting that their idea for SBTs could resemble something of a Web3-based CV.

“For example, a person might have a Soul that stores SBTs representing educational credentials, employment history, or hashes of their writings or works of art,” the paper says.

Unlike a non-fungible token (NFT), which is a collectible digital asset that can be traded or sold, SBTs are designed to be untradable—a little more like a Boy Scout badge than a baseball card. According to the paper, an individual would gain SBTs from other Souls within the decentralized society. A university, for example, might issue SBTs to its alumni to verify that they have graduated from that school.

To be clear, that also means SBTs aren’t really going to replace NFTs. The two digital assets, theoretically, serve different functions. While an NFT is designed to be tradable and act as a financial asset, an SBT, Buterin suggests, is supposed to serve as a proof of character, rather than a proof of wealth.

But as the authors attest, there are major dangers to the proposal.

For starters, the whole thing sounds similar to China’s idea of building a social credit system that would supposedly punish citizens for demonstrating bad ideological behavior. Since SBTs are issued to individuals without their consent, the system could be used to brand “scarlet letters” on people, making the technology an ideal tool for authoritarian states.

A society built on SBTs could even reinforce discrimination indirectly. A database of SBTs could provide a marker to “automate red-lining of disfavored social groups or even target them for cyber or physical attack, enforce restrictive migration policies, or make predatory loans,” the authors write. For that reason, Buterin and his coauthors consider individuals might need the option to “burn” or hide their SBTs from the public, choosing to reveal them only when necessary. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Cryptocurrency

CRYPTO FEVER: Biden Signs Executive Order Authorizing The Creation Of A Digital Dollar As World Continues Moving Closer To A Cashless Society

Why is cryptocurrency exploding right now? Because we live in the end times, and the world is preparing itself to receive Antichrist, that’s the short answer. The longer answer is because Bible prophecy is true, and everything written therein must come to pass. For decades, end times Bible teachers, authors and Christian film makers have been telling us that a cashless society is coming, because cash will not be accepted in the time of Jacob’s trouble. With each passing decade we have moved closer and closer to that eventuality, and indeed are watching it come together right now. It will not reach it’s full height until after the Rapture, but since all dispensations overlap, this explains the unstoppable progression to a digital currency.

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President Biden signed an executive order on Wednesday to explore establishing a U.S. Central Bank Digital Currency (CBDC) — also known as a ‘U.S. digital dollar’ — akin to a cryptocurrency, in move to a cashless society.

In the book of Revelation, we see that during the time of Jacob’s trouble that will take place after the Pretribulation Rapture of the Church happens, that there will be a single currency called the Mark of the Beast. It will control all buying and selling, and it will be implanted in either the back of your right hand, in your forehead, or possibly both places. It will be a computer microchip of some sort, obviously digital, and without the Mark you cannot buy or sell anything.

And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:16,17 (KJB)

Why is cryptocurrency exploding right now? Because we live in the end times, and the world is preparing itself to receive Antichrist, that’s the short answer. The longer answer is because Bible prophecy is true, and everything written therein must come to pass. For decades, end times Bible teachers, authors and Christian film makers have been telling us that a cashless society is coming, because cash will not be accepted in the time of Jacob’s trouble. With each passing decade we have moved closer and closer to that eventuality, and indeed are watching it come together right now. It will not reach it’s full height until after the Rapture, but since all dispensations overlap, this explains the unstoppable progression to a digital currency.

President Biden Signs Executive Order on Ensuring Responsible Development of Digital Dollar and Crypto Currency In Coming Cashless Society

FROM THE WHITE HOUSE: Digital assets, including cryptocurrencies, have seen explosive growth in recent years, surpassing a $3 trillion market cap last November and up from $14 billion just five years prior. Surveys suggest that around 16 percent of adult Americans – approximately 40 million people – have invested in, traded, or used cryptocurrencies. Over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs), a digital form of a country’s sovereign currency.

The rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at the technological frontier, but also has substantial implications for consumer protection, financial stability, national security, and climate risk. The United States must maintain technological leadership in this rapidly growing space, supporting innovation while mitigating the risks for consumers, businesses, the broader financial system, and the climate. And, it must play a leading role in international engagement and global governance of digital assets consistent with democratic values and U.S. global competitiveness.

That is why today, President Biden will sign an Executive Order outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology. The Order lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.

Specifically, the Executive Order calls for measures to:

  • Protect U.S. Consumers, Investors, and Businesses by directing the Department of the Treasury and other agency partners to assess and develop policy recommendations to address the implications of the growing digital asset sector and changes in financial markets for consumers, investors, businesses, and equitable economic growth. The Order also encourages regulators to ensure sufficient oversight and safeguard against any systemic financial risks posed by digital assets.
  • Protect U.S. and Global Financial Stability and Mitigate Systemic Risk by encouraging the Financial Stability Oversight Council to identify and mitigate economy-wide (i.e., systemic) financial risks posed by digital assets and to develop appropriate policy recommendations to address any regulatory gaps.
  • Mitigate the Illicit Finance and National Security Risks Posed by the Illicit Use of Digital Assets by directing an unprecedented focus of coordinated action across all relevant U.S. Government agencies to mitigate these risks. It also directs agencies to work with our allies and partners to ensure international frameworks, capabilities, and partnerships are aligned and responsive to risks.
  • Promote U.S. Leadership in Technology and Economic Competitiveness to Reinforce U.S. Leadership in the Global Financial System by directing the Department of Commerce to work across the U.S. Government in establishing a framework to drive U.S. competitiveness and leadership in, and leveraging of digital asset technologies. This framework will serve as a foundation for agencies and integrate this as a priority into their policy, research and development, and operational approaches to digital assets.
  • Promote Equitable Access to Safe and Affordable Financial Services by affirming the critical need for safe, affordable, and accessible financial services as a U.S. national interest that must inform our approach to digital asset innovation, including disparate impact risk. Such safe access is especially important for communities that have long had insufficient access to financial services.  The Secretary of the Treasury, working with all relevant agencies, will produce a report on the future of money and payment systems, to include implications for economic growth, financial growth and inclusion, national security, and the extent to which technological innovation may influence that future.
  • Support Technological Advances and Ensure Responsible Development and Use of Digital Assets by directing the U.S. Government to take concrete steps to study and support technological advances in the responsible development, design, and implementation of digital asset systems while prioritizing privacy, security, combating illicit exploitation, and reducing negative climate impacts.
  • Explore a U.S. Central Bank Digital Currency (CBDC) by placing urgency on research and development of a potential United States CBDC, should issuance be deemed in the national interest. The Order directs the U.S. Government to assess the technological infrastructure and capacity needs for a potential U.S. CBDC in a manner that protects Americans’ interests. The Order also encourages the Federal Reserve to continue its research, development, and assessment efforts for a U.S. CBDC, including development of a plan for broader U.S. Government action in support of their work. This effort prioritizes U.S. participation in multi-country experimentation, and ensures U.S. leadership internationally to promote CBDC development that is consistent with U.S. priorities and democratic values.

The Administration will continue work across agencies and with Congress to establish policies that guard against risks and guide responsible innovation, with our allies and partners to develop aligned international capabilities that respond to national security risks, and with the private sector to study and support technological advances in digital assets. READ MORE

Joe Biden Signs Executive Order Authorizing Digital Crypto Dollar

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Cryptocurrency

Crypto Is The Perfect Currency For Our Accelerating End Times And Will Absolutely Be How People Will ‘Buy And Sell’ Under The Mark Of The Beast

The Staples Center in LA is getting a new name, and on Christmas day 2021 will be renamed the Crypto.com Arena, the Mark of the Beast.

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Staples Center is getting a new name. A source told the Associated Press that Crypto.com is paying $700m over 20 years to rename the building. It is believed to be the richest naming rights deal in sports history.

If you were an end times novelist like Tim LaHaye, Jerry Jenkins or Joel Rosenberg, and you wanted to write about what type of currency would be used under the Revelation 13 Mark of the Beast, you really couldn’t do much better than the currency that actually exists right now, and is called cryptocurrency. Maybe you know what it is and maybe you don’t, but in 2022 if the Lord tarries, you not only will know what crypto is, you will likely be using it on some level.

And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.” Revelation 13:16-18 (KJB)

The strong delusion from 2 Thessalonians 2:8-12 is that Antichrist is Jesus Christ, so he will receive worship from the unsaved people left behind after the Pretribulation Rapture of the Church takes place. With Antichrist comes the Mark of the Beast, and it is implanted inside people to allow them to buy and sell, to conduct financial transactions of all kinds, large and small. Obviously, this new currency will be digital, a counterfeit of God’s gold, and will be connected with death and destruction that will emanate from Antichrist. Guess what? That currency is now here, with exactly the name you would expect from something connected to the Mark of the Beast, cryptocurrency. A ‘crypt’ is the place where the dead bodies are kept while they await burial, and cryptocurrency is the death coin that will power the Mark. Any questions?

LA Lakers’ home to be renamed Crypto.com Arena in reported $700m deal

FROM THE GUARDIAN UK: Starting Christmas Day, it will be Crypto.com Arena. The downtown Los Angeles home of the NBA’s Lakers and Clippers, the NHL’s Kings and the WNBA’s Sparks will change its name after 22 years of operation, arena owner AEG announced Tuesday night.

The 20,000-seat arena has been the Staples Center since it opened in October 1999, with the naming rights owned by the American office-supplies retail company under a 20-year agreement. The name will change when the Lakers host the Brooklyn Nets in the NBA’s annual Christmas showcase.

Crypto.com is a cryptocurrency platform and exchange headquartered in Singapore. Founded in 2016, Crypto.com has been on a spending spree across the global sports landscape over the past year. The platform has inked high-visibility sponsorship deals with Formula One, the UFC, Italy’s Serie A, Paris St-Germain and the NHL’s Montreal Canadiens while also purchasing the Philadelphia 76ers’ uniform sponsorship patch. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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