The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin

A musician who wants to use cryptocurrency to create a “real-life Wakanda” in Africa is the main feature in today’s edition of Bitcoin in Brief. Additional stories include an ICO mogul who bought land worth $19 million with bitcoin, a… Continue Reading

Internet Company Asks Israeli Authorities Permission to Pay Salaries in Bitcoin

The Israeli high-tech sector is currently undergoing a severe talent squeeze, with companies having to compete over employees with higher salaries, stock options and better perks. One such company might have found a new way to attract and retain tech-savvy… Continue Reading

TASE Shell Company Switches Plans From “Blockchain” to Cannabis

After delistings, warnings and even regulatory actions in different markets around the world, we are now getting another indication that the “blockchain” stocks hype is dying out. A TASE shell company has switched its focus from trying to enter the… Continue Reading

Regulations Round-Up: SEC hits Titanium, Israeli Crypto Law Delayed, BTC Trading Legal for Chinese Citizens

In recent regulatory news, the United States Securities and Exchange Commission (SEC) has taken action against the Titanium Blockchain initial coin offering (ICO) for allegedly making false claims; the enactment of Israel’s cryptocurrency regulations have been delayed; and a Chinese… Continue Reading

Draft Law Requires Israeli Firms to Report on Clients’ Crypto Activites

The Israeli Ministry of Finance has published draft prohibiting money laundering regulations with provisions specifically pertaining to virtual currencies. The proposed regulations will also introduce a suite of new reporting requirements for financial service providers, including strict conditions regarding the… Continue Reading

Wendy McElroy: The Centralization of Crypto and the Banality of Evil

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 3 The Centralization of Crypto and the Banality of Evil First we must realize that all actions are performed by individuals… If we scrutinize the meaning… Continue Reading

Hebron Resident Accused of Laundering Millions From Stolen Credit Cards With Bitcoin

The Tel Aviv District Court has received today an indictment against Halmi Git, a 33-year-old from the Palestinian city of Hebron, for a wide-ranging affair involving the management of forums for the sharing and sale of stolen credit card details.… Continue Reading

Israel Tax Authority Hunts for Bitcoin Traders on Social Media

Various local branches of the Israel Tax Authority have sent out letters to those they suspect are trading bitcoin without reporting it. The tax agency demands in those letters that the recipients will divulge all of their involvement in the… Continue Reading

Tel Aviv Court Forces Bank to Accept Funds From Sale of Bitcoin

The Israeli banking system keeps mounting challenges for bitcoin users, be they exchanges, miners or just traders, and keeps getting slapped for it by the courts. The latest example comes from Tel Aviv where a bank tried to deny incoming… Continue Reading

Israeli Bitcoin Mining Company Sues Bank for Closing Its Account

Despite already setting a precedent in a previous case, the Israeli courts system is again called upon to stop a bank from shutting down a crypto business. This time, Union Bank tried to refuse operating an account to a mining… Continue Reading