Tag: Israel

AI systems used in deadly military operations in Israel: Report

boss

As tensions rise in the occupied territories and with Iran, the Israel Defense Forces are reportedly utilizing artificial intelligence (AI) to choose targets for air strikes and manage logistics during wartime. According to a Bloomberg report, officials in the Israeli military confirmed the use of an AI recommendation system by the military. This system reportedly analyzes vast amounts of data to assist in target selection for air strikes. Additionally, the Fire Factory, another AI model, reportedly swiftly assembles subsequent raids by calculating munition loads, prioritizing and assigning targets and proposing…

Bill to exempt foreigners from crypto taxes passes preliminary reading in Israel

boss

Foreign residents of Israel could get an exemption from capital gains taxes on the sale of digital currencies. A bill that would grant that and other tax benefits for digital assets holders passed through preliminary reading in the country’s parliament (Knesset) on June 5.  The bill would also level up the crypto bonuses with stock options for employees by reducing the 50% current tax on the former ones to 25%. The initiative is sponsored by Dan Ilouz, a 37-year-old Member of Parliament from the ruling Likud party. According to Ilouz,…

Israel Seizes Millions of Dollars Worth of Cryptocurrency Belonging to Its Enemies: Report

boss

The Israeli government says it has seized millions of dollars worth of cryptocurrency from accounts allegedly tied to financing two enemy groups. According to a new Associated Press report, Israeli Defense Minister Yoav Gallant issued the order for the seizure of cryptocurrency wallets and the transfer of millions of dollars worth of digital assets to the Israeli government. The wallets were allegedly associated with financial schemes tied to groups sworn to destroy Israel, the Hezbollah militant group and the Iranian paramilitary Revolutionary Guard’s elite Quds Force. Israel’s Mossad spy agency,…

Israel has Seized Millions in Crypto From Iranian Military and Hezbollah: Report

“This is the first incident of this magnitude,” the report said, quoting Gallant. “We have effectively cut off the flow of terror funds via this channel.” He also alleged that Iran’s military and Hezbollah relied on virtual currency to finance their militant activities, according to the report. Source CryptoHezbollahIranianIsraelMilitaryMillionsReportSeized CryptoX Portal

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…