Thursday, September 19, 2019
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Israeli Startup That Allows Offline Crypto Transactions Secures $4M

Israeli cybersecurity startup GK8 has reportedly developed the world’s first offline system for transacting cryptocurrencies.The new system uses GK8’s proprietary cryptographic techniques that enable instant blockchain transactions of digital assets without any need for an internet connection, Israeli business news publication Globes reported on Sept. 18.The company raised $4 million

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Israeli Financial Authority to Accelerate Blockchain, Fintech Licensure

The Capital Market, Insurance and Saving Authority, a division of Israel’s Ministry of Finance (MoF), is looking to accelerate the process of procuring licenses for blockchain and fintech companies in the country.Israeli business news outlet Calcalist reported the development on Aug. 19. According to the report, the authority has

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Disgruntled Bitcoin Investor Brings $22.5M Class Action Suit to Israeli Bank

An unnamed investor has filed a lawsuit against the Israeli Bank Hapoalim in the amount of approximately $22.5 million, on account of the bank allegedly refusing to accept deposits of profits earned via Bitcoin (BTC). Industry media outlet BlockTV discussed the lawsuit in a report on Aug. 9. According to

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Bitcoin Aversion by Israeli Banks Hindering Crypto tax Payments

Israeli media sources say bitcoin traders in the country are finding it difficult to pay taxes as banks continue to refuse crypto deposits, August 6, 2019. Banks in many countries refuse to accept deposits from crypto-related activities based on fears of money laundering and other illicit financial activities. Israeli Bitcoiners Can’t

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Palestinian Prime Minister: National Cryptocurrency Might Replace the Israeli Shekel

Palestinian Prime Minister Mohammad Shtayyeh recently confirmed that to overcome the problems caused to the Palestinian economy by Israel, his government is making plans to use a digital form of encrypted money i.e. cryptocurrency, local media Al-Monitor reports on July 22.When he made his first appearance on the Palestinian media

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Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23.An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions

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