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Israeli Startup That Allows Offline Crypto Transactions Secures $4M

News 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 connectio..

Israel: A Friendly Blockchain Hub, but Is Government Policy Lacking?

Analysis It has been almost a decade since Dan Senor and Saul Singer penned “Start-Up Nation,” their ode to the Israeli tech sector. The book, which chronicles much of Israel’s success as a small but potent innovation force that spans countless industries, highlights the immense technological know..

French Police Shut Down 850,000 Computer Botnet Used for Cryptojacking

News French police have shut down a massive botnet that has been used for Monero (XMR) cryptojacking. Cryptojacking backed by “massive firepower”BBC News reported the development on Aug. 27. According to the police, the botnet was distributed by sending virus-laden emails with offers for erotic pi..

Israeli Financial Authority to Accelerate Blockchain, Fintech Licensure

News 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. Acc..

Report: Israeli Bitcoiners Petition Banks to Disclose Crypto Policies

News The Israel Bitcoin Association, a nonprofit organization that promotes the use of Bitcoin (BTC) and cryptocurrencies, has reportedly filed a freedom of information petition with a Jerusalem court. The petition purportedly seeks to require local banks to disclose their policies on money origin..

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

News 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...

Israeli BTC Investors Can’t Pay Taxes as Banks Refuse Deposit

News Israeli Bitcoin (BTC) investors are unable to pay their taxes as banks do not accept deposits obtained from cryptocurrencies. Israeli banks freeze up the minute they hear “Bitcoin”Israeli newspaper Haaretz reports on Aug. 6 that local crypto investors are unable to deposit the returns of thei..

Blockchain Delegates to Trump’s ‘Peace to Prosperity’ Event Sue Each Other

News The founders of Orbs — the blockchain startup President Trump invited to his Middle East Peace Plan conference — have become mired in their own fraternal strife. As Israeli news site Globes reported on August 4, Orbs’ Elad Arad is suing his co-founders Uriel and Daniel Peled for having dispos..

Palestinian Authority Considering Crypto to Replace Israeli Shekel

News Palestinian Prime Minister Mohammad Shtayyeh reiterated that his government is considering using cryptocurrency as an alternative to the Israeli shekel fiat currency, English-language local media Al-Monitor reports on July 22. Shtayyeh said at the opening of the Palestine Center for Computer ..

Bitfinex Hack New Twist: Two Arrested in Israel After $1.5M Moved

Investigation One of the most prominent crypto cybercrimes in recent years took a dramatic turn on June 23, when two Israeli brothers were arrested in connection with the 2016 Bitfinex hack and other crypto-related phishing attacks. Just shy of 120,000 Bitcoin (BTC) were stolen in the attack back ..

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