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€50m Jewish Education Hub to Break Ground in Limassol

by THEFUTURE.TEAM
May 13, 2025

A private education project worth over €50 million is advancing in Polemidia, Limassol, with construction preparations underway for a new school funded by the Yael Foundation.

Work is expected to begin in September, as the final architectural designs are now being completed in parallel with the school’s licensing application to the Ministry of Education.

International Education Standards

According to information from the Yael foundation, the response from the Ministry has so far been positive, with the school set to follow international education standards.

As stated on the foundation’s official website, the project aspires to create a flagship Jewish school in Limassol, a point of reference for Jewish education both in Cyprus and abroad.

A Beacon of Excellence

The institution will combine Jewish values with modern pedagogical methods in a high-standard academic environment, with the Foundation describing it as a future “beacon of excellence.”

The school is expected to open in 2027 and will host up to 1,500 students from Cyprus and overseas.

Facilities and Leadership

Its facilities will include modern classrooms, science laboratories, creative studios, a library, sports infrastructure, and places of worship, forming a fully integrated learning and development space across primary, middle, and secondary levels.

Leading the new institution will be Rabbi Yehoshua Smukler, originally from Israel, who brings experience from similar educational projects in Australia.

In his statement, the Rabbi said that “The school will be the cornerstone of the Jewish community of Cyprus, making it an even more attractive place to live.”

He frequently travels between Israel and Cyprus to oversee the project and is widely known for his commitment to academic excellence and Jewish education.

The Yael Foundation

Founded in 2020 by Uri and Yael Poliavich, a Jewish couple who have settled permanently in Cyprus, the Yael foundation is dedicated to strengthening Jewish identity through accessible, high-quality education.

The foundation is currently active in 35 countries, supporting around 13,000 Jewish students worldwide.

According to the organisation, it provides funding to 55 day schools, 18 catechism schools, 10 kindergartens, and 17 after-school programmes.

Coinbase Faces $20 Million Ransom Demand After Data Breach

by News Editor
May 16, 2025

In a shocking revelation, Coinbase reported a significant security breach this Thursday. Cybercriminals managed to bribe overseas support agents to gain access to sensitive customer data—a strategy employed to facilitate social engineering attacks.

According to a SEC filing, the attack could cost Coinbase up to $400 million in recovery and enhancements. The breach, discovered independently by Coinbase, triggered an immediate response from the crypto giant. Affected employees were terminated, and impacted customers were promptly notified, although passwords and financial assets were reportedly untouched.

Coinbase decided to establish a $20 million reward fund for information leading to the perpetrators rather than succumbing to the ransom demands. This comes in the wake of major business strides, including an S&P 500 stock index entry and a strategic acquisition aimed at expanding its global footprint. Notably, Coinbase’s CEO, Brian Armstrong, reaffirmed ambitions to elevate the platform to become the top financial services app worldwide in the next decade.

As digital security remains crucial, awareness of similar endeavours like cyprus campaign to attract diaspora talent stresses an increasing need for reliable platforms. As the situation unfolds, both investors and customers remain vigilant, underscoring the importance of security in the growing crypto landscape.

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