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Research Finds Active Bitcoin Address Linked with Terrorist Group Hamas

Posted on January 21, 2020January 21, 2020 by Julie Williams

The Interdisciplinary Center Herzliya’s International Institute for Counter-Terrorism (IDC-ICT) recently released a detailed report, highlighting the role of a Bitcoin address in financing the terrorist group Hamas. The terrorist group has a long-standing financial relationship with Iran. However, it seems the group is low on Iranian funds, and as such it is turning to crypto as its new source of funding. Via the Bitcoin address, the group is able to solicit help from supporters and…

Facebook Buys Israeli AI Chatbot Company Servicefriend for Calibra Crypto Wallet

Posted on September 25, 2019September 25, 2019 by Ravi Rd

Facebook has recently completed the acquisition of Servicefriend, an Israeli startup that develops AI-based chatbots. Facebook is planning to use the company’s services for Calibra customer services, a digital wallet that Facebook is developing along with its native cryptocurrency Libra. Facebook is planning to launch Libra, a stablecoin developed for peer to peer transactions, through Facebook’s bunch of applications. Along with Libra, the firm is also developing a crypto wallet called Calibra to store Libra….

Israel’s Security Matters to Utilize Blockchain for Cannabis Tracking

Posted on September 4, 2019September 4, 2019 by Julie Williams

The Israeli-based company Security Matters is looking to bring cannabis and CBD products into a transparent blockchain environment. Security Matters is well known for its relevance in the supply chain sector. The blockchain-oriented company already has a platform that helps to mark and track seeds and plants from the very beginning, making it easy to identify and control the plants and resultant products. To cater to a larger population, Security Matters has filed for a…

Gray Crypto Lines Keep Israeli Investors Trapped without Support from Banks

Posted on August 7, 2019August 7, 2019 by Julie Williams

The Israeli crypto investor Ron Gross happens to be one of the early users of Bitcoin(BTC)trade. Embracing Bitcoin as early as 2011, Gross has amassed a fortune for himself from the overwhelming rise of Bitcoin over the years. Like every law-abiding citizen, he reports his income and pays his tax accordingly. That was until late 2017 when banks got scared of the increasing illicit activities emanating from the crypto sphere. To protect themselves, Israeli banks…

Palestinian Prime Minister: National Cryptocurrency Might Replace the Israeli Shekel

Posted on July 23, 2019July 23, 2019 by Rehan Yousaf

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 after becoming the prime minister, Shtayyeh stated that the Palestianians are “not forced to remain dependent on the shekel.” Shtayyeh is calling to put…

Two Israeli Brothers Suspected of the Crypto Exchange Bitfinex Hack in 2016

Posted on June 23, 2019December 11, 2019 by Ravi Rd

The Israeli media outlet Posta reports that two brothers from Jerusalem, Israel, were arrested by investigators of the national cyber unit at Lahav 433 for stealing $100 million from global crypto exchanges after the investigation had already begun in 2017. In a different report, it is stated that one of the crypto exchanges is no other than Bitfinex, which was indeed hacked in 2016 and consequently over $70 million had been stolen. According to investigators,…

Israeli Supreme Court Rules a Major Bank Must Serve Crypto Exchanges

Posted on June 5, 2019June 5, 2019 by Lipsa Das

After a fierce legal battle, the Israeli Supreme Court has ruled in favor of the crypto exchange Bits of Gold against one of the largest banks in the state. This comes as a notable legal victory for the cryptocurrency exchange, following attempts by the Israel-based Bank Leumi to block the Israel-based digital currency exchange, citing policy and regulatory reasons, after the bank classified cryptocurrency firms as gambling companies. The bank, however, maintains its stand against…

CoinMarketCap Sponsors One of Israel’s Top Football Clubs Beitar Jerusalem

Posted on May 27, 2019May 27, 2019 by Carolyne Walker

Popular cryptocurrency market analysis and tracking website CoinMarketCap.com has become the sponsor of a major Israeli soccer team, Beitar Jerusalem Football Club. CoinMarketCap CEO Luke Wagman announced the new sponsorship on Twitter where he posted a picture of Israeli soccer team players wearing jerseys which had the CoinMarketCap logo on the front and at the center of the football jerseys. He even suggested that the CoinMarketCap’s sporty new football jerseys brought a new look to…

Israeli Court Defines Bitcoin as an Asset, Not Currency; Orders Capital Gains Tax to Be Applied

Posted on May 25, 2019October 14, 2019 by Carolyne Walker

Capital gain tax on cryptocurrencies has always been a matter that annoys not only crypto traders but also lawmakers. Recently, Israel’s Central District Court accepted the interpretation made by Israel Tax Authority regarding Bitcoin and other cryptocurrencies being an asset not a currency. Hence, making a profit on its trading is liable to capital gains tax, local news site Globes reported on May 21. The Central District Court made the ruling in a case involving…

Local Israeli Man Arrested for Stealing from his Friend DASH Coins Worth $9 Million

Posted on April 23, 2019May 27, 2019 by Julie Williams

Blockchain technology is especially known for its transparency, security, and convenience. Stemming from the high level of security practiced in different blockchain platforms, it is surprising to hear how crypto users are being defrauded of their hard-earned digital coins. To that end, it’s important to remember that although this technology is built with an incredible level of security, the owner of a cryptocurrency wallet might be anyone with the private key and security information of…