Category: Israel

Israel’s Supreme Court Finally Rules in Favor of Bits of Gold Exchange

The long-standing court battle between Bits of Gold, one of Israel’s pioneer bitcoin trading venues and Bank Leumi, the nation’s second-largest lender, has finally come to an end as the Israeli Supreme Court has ruled in favor of the cryptocurrency exchange. The conclusion mandates the bank to unfreeze the firm’s […]

Israeli Supreme Court Rules in Favor of Cryptocurrency Exchange in Bank Dispute

The Supreme Court of Israel has declared that Leumi Bank cannot block the cryptocurrency exchange Bits of Gold’s account on the grounds of regulatory concerns, according to a report by Finance Magnates on June 3. Despite the Supreme Court’s ruling against Leumi, the bank reportedly maintains its stance against dealing […]

Israeli Court Rules Bitcoin Is Not a Currency in Court Case Over Taxes on BTC Gains

An Israeli judge has ruled that bitcoin (BTC) is an asset and not a currency, local news site Globes reported on May 21. The judgment is significant because it means profits made by selling the cryptocurrency will now be liable to capital gains tax, Globes notes. Noam Copel, who founded the blockchain startup DAV, had […]

WhatsApp Security Flaw: Specific Users Targeted in Spyware Attack

WhatsApp has confirmed it was subject to spyware that allowed the attacker to read a target’s messages, as reported by MIT Technology Review on May 14, 2019. The hackers accessed messages after penetrating WhatsApp’s encryption through a flaw in the voice call feature. Spyware Strikes Again WhatsApp, which is piloting a stablecoin […]