Israeli court rules authorities can seize crypto in 150 blacklisted wallets
Tel Aviv’s Magistrate Court has reportedly issued a ruling allowing Israel’s government to seize all the crypto in more than 150 digital wallets that it hablacklisted for allegedly funding terrorist groups. According to a Dec. 18 local Israeli media report, Israeli Defense Minister Benny Gantz says the court’s Dec. 15 ruling has already allowed authorities to […]
Crypto hotspots continue to thrive despite FTX collapse
The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation. While it may be too soon to fully understand the impact of the […]
Tokenized government bonds free up liquidity in traditional financial systems
A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1 billion from investors with tokenized bonds to build a Bitcoin city. The Central Bank of Russia […]
Tel Aviv Stock Exchange to create crypto platform
The Tel Aviv Stock Exchange (TASE) disclosed on Oct. 24 the creation of a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of the new strategic plan for the years 2023 to 2027. The exchange stated about its venture into crypto and the creation of a digital asset […]
Israel kicks off live tests for its tokenized digital bonds
The Israeli Ministry of Finance, together with the Tel Aviv Stock Exchange (TASE), digital assets custody provider Fireblock and the United States software solutions developer VMware, will conduct the testing of a blockchain-backed platform for digital bonds trading. These bonds will be issued by the Ministry of Finance. The news broke out in the local […]
Israel puts the brakes on cash to spur digital payments
Authorities in Israel on Monday has in put in place further restrictions on cash payments as a means to combat illegal activity and spur digital payments in the country. Since January 2019, Israeli businesses and consumers have been subject to limits on cash payments under the Law for the Reduction in the Use of Cash. […]
DeFi crypto wallet aims to decentralize inheritance of crypto and NFTs
The concept of cryptocurrency inheritance continues to rapidly evolve as the decentralized finance (DeFi) industry spawns more ways to make a “crypto will.” The Israeli crypto software provider Kirobo is moving to tackle a major void in the DeFi industry by providing crypto investors with an opportunity to pass private keys or transfer funds according […]