Israel Crypto News

The exposure-free retail CBDC the Bank of Israel and the Hong Kong Monetary Authority plan to test is assumed to carry less financial risk for consumers, Bloomberg News reported.

A research by the Bank of International Settlements (BIS) shows that nine out of ten central banks are working on a CBDC project presently.

Bank Leumi’s customers would be able to use Pepper Invest to trade Bitcoin and Ethereum.

The Israeli company behind StarkWare, developers of Ethereum ZK-rollup technology, is finishing a funding round of at least $100 million, at a $6 billion valuation.

Coinbase solidifies its presence in Israel by acquiring a cryptographic security company Unbound Security while establishing a new research facility in the nation.

The government of Israel is tightening regulations surrounding crypto amidst concerns related to money laundering and terror financing.

The Bank of Israel has built the pilot scheme of its digital shekel on the Ethereum blockchain.

Fireblocks faces lawsuit over key management incident, resulting in $75 million loss.

The acquisition would allow Canadian payments company Nuvei to issue crypto banking accounts and Visa cards.

The combined company’s estimated valuation is currently $10.4 billion.

Popular social trading app and website eToro became the latest FinTech firm to get a “unicorn” classification earlier this week, local publication Calcalist reported.

At the end of October 2019, the blockchain-focused media company BLOCKTV announced the November 21, 2019, launch of its native cryptocurrency on Bittrex Global.

The downturn of the crypto market has forced Beijing-based Bitcoin mining giant Bitmain to close its blockchain development center in Israel and lay off all of its employees, Israeli business news outlet Globes reported on December 10, 2018.

Leading the way in research and development expenditures of GDP by percent, cultivating a thriving startup culture comparable to Silicon Valley, Israel is one to watch in the world of blockchain tech innovation.

According to a recent news release by the Israel Securities Authority (ISA), the regulator has started utilizing blockchain technology to improve cybersecurity and more effectively address challenges regarding information security.

Despite Bitcoin’s plummet to $6,600 (at time of writing), world governments and emerging economies remain invested in the idea of a blockchain-powered ecosystem supplemented with a decentralized currency framework.

Shortly after adding IOTA to its platform, eToro has unveiled a flurry of partnerships with seven premier league teams.

In the face of the market capitalization’s nine-month low, the CEO of multi-asset trading giant eToro has spoken positively about the mid-year correction and maintains that demand for Bitcoin has not declined.