Tag: Israel

2 key security practices for Web3 startups from Israel Crypto Conference

boss

Security remains one of the Web3 industry’s most important and relevant issues as decentralized finance (DeFi) protocols and enterprises continue to face exploits. At the Israel Crypto Conference, Cointelegraph talked to Shahar Madar, the head of security products at Fireblocks, about the necessary steps Web3 startups should take to secure their platforms and users. Madar told Cointelegraph that, in his experience, many new startups usually delay developing a security protocol to focus on growth. However, Web2 models for enterprise security don’t work in a Web3 world with such an emphasis…

Israel Has Seized 190 Crypto Exchange Binance Accounts With Alleged Terrorist Ties Since 2021: Reuters

According to those documents, the NBCTF confiscated in January an undisclosed amount of crypto from two accounts with alleged links to Daesh, a terrorist group based in Syria and Iraq. Other government records, dating as far back as 2021, allege more than 100 of the seized Binance accounts had ties to Hamas, an armed Palestinian group that has often clashed with the Israeli Defense Forces. Source

NFT Creators Investigated in Israel for Alleged Tax Evasion – Taxes Bitcoin News

boss

Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western Wall NFTs’ Allegedly Sold Without Tax Reporting Israel Tax Authority is investigating two NFT creators in Jerusalem who did not report millions of U.S. dollars in revenue received from the sale of their digital works. The tokens they offered were based on a 3D scan…

Aussies revealed as prime targets of Israel crypto scam syndicate

boss

Australian residents have been identified as one the primary targets of a sophisticated network of cryptocurrency call-center scammers — which are suspected to be run by Israel-based crime bosses.  Evidence uncovered after a full-scale raid of four Serbian call centers and 11 residences by Serbian, German, Bulgarian and Cypriot authorities found that Australians were among the top countries being targeted. The news came from a Feb. 23 report by The Australian. The raids saw fifteen people arrested and $1.46 million in cryptocurrencies seized, among others. Dramatic police raids in Belgrade, Bulgaria…

Israel kicks off live tests for its tokenized digital bonds

boss

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 media on Oct. 19. Coming under the name “Eden,” the new project is intended to reduce costs and optimize the procedure of national bonds issuance. As the Accountant General, Yali Rothenberg told the public: “I…

How Cryptocurrency & Blockchain Are Changing The World | 2022 #ForbesUnder30 Summit EMEA

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The potential around crypto is mind-blowing––so is the hype. An expert panel that separates the future from the past. Featuring Liat Aaronson, Co-Founder, Horizen Labs, Lior Messika, Founder & Managing Partner, Eden Block, Natalie Salemink, Founder & CEO, Skadi Labs and Prismatic, with moderator Isabel Togoh, Associate Editor of Forbes. Subscribe to FORBES: Stay Connected Forbes newsletters: Forbes on Facebook: Forbes Video on Twitter: Forbes Video on Instagram: More From Forbes: Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle…

Israel Arrests 3 in Crypto Scheme to Launder Millions Stolen From France – Bitcoin News

boss

Police in Israel have detained three suspects who allegedly laundered millions of euros stolen from the French treasury through cryptocurrency transactions. The money came from government grants for businesses affected by the Covid-19 pandemic. Israeli Law Enforcement Busts Money-Laundering Ring Using Coins to Clean Money for French Fraudsters Three people have been arrested in Israel this week on suspicion of providing money-laundering services to criminals who defrauded the French state. The operation follows a covert investigation carried out by Lahav 433, Israel’s special crime-fighting unit, the English-language online newspaper Times…

Israel puts the brakes on cash to spur digital payments

boss

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. It’s aimed at shifting the country’s citizens and businesses toward digital payments, allowing authorities to more easily track tax evasion, black market activity, and money laundering. From August 1, the limits on cash payments have…

Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700 – Finance Bitcoin News

boss

New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax evasion. Critics doubt the law will achieve that. Authorities in Israel Go After Cash Purchases, Introduce Lower Limits Payments of large sums of money in cash and bank checks will be further restricted in Israel by amendments set to take effect on Aug. 1. Tax officials want to further…