City Tel Aviv Financial News

Seychelles made an emergency landing in Saudi Arabia before flying back to Tel Aviv on Tuesday, in what Israel praised as a sign of goodwill as Washington works to establish formal relations between the two countries. The Air Seychelles flight carrying 128 passengers was forced to land Monday because of an electrical malfunction. Israel's Foreign Ministry said the passengers spent the night at an airport hotel in Jeddah and were flown back by the airline on an alternate plane. Passengers described a frightening stretch of time as an acrid burnt smell filled the cabin and the pilot came over the intercom to say the plane would be forced to make an emergency stop in Saudi Arabia, a kingdom with which Israel has no air links or diplomatic ties. With dozens trapped on board and the plane idling on the tarmac, tension grew, passengers said, while Israeli officials scrambled to figure out what to do.

The strategic partnership will see Tase offer a range of institutional-grade digital asset products and services for regulated entities.While the digital asset space has faced an uncertain regulatory environment, Tase says it wants to combine cutting-edge technology with the foundations of traditional finance to drive the sector's development.The exchange and Fireblocks have already carried out a project with the Israeli Ministry of Finance, called Project Eden, to issue a government digital bond on a dedicated blockchain platform.

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Israel is set to introduce more regulated cryptocurrency opportunities, with the country’s only public stock exchange preparing to offer new crypto services.

JERUSALEM (Reuters) — Thousands of flag-waving Israelis renewed their protests nationwide after sundown on Saturday, capping a week of turmoil in which Prime Minister Benjamin Netanyahu pushed through a highly-contested law that limited some Supreme Court power.

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. That those who lean to opposite ends of the political spectrum think differently from each other is obvious.

release from the hospital, where he had undergone the implantation of a pacemaker, adding yet another dramatic twist to the ongoing events. While Netanyahu's supporters celebrated their triumph and pledged to proceed with further reforms, thousands of protesters took to the streets in Jerusalem and Tel Aviv to express their opposition.  Moreover, opponents of the law stated their intentions to challenge it in the Supreme Court, signaling a continued struggle over the proposed changes in the country's justice system.  “It’s a sad day," Associated Press quoted Opposition leader Yair Lapid as saying after the vote.

AP, the unexpected hospitalization of Netanyahu for a pacemaker implant has introduced another surprising development to an already dramatic series of events that have deeply divided the nation and are expected to significantly impact Israel's future. The parliamentary vote scheduled for Monday is anticipated to pass the initial significant legislation in the contentious judicial overhaul plan. Netanyahu's doctors confirmed on Sunday that the procedure had been successful.

By Ari Rabinovitch

Benjamin Netanyahu's planned judicial overhaul. The latest «day of disruption» came as longtime allies of the prime minister pushed a contentious piece of legislation through a parliamentary committee ahead of a vote expected next week. Additional protests are planned throughout the day.

Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8.

Israel has seized millions of dollars worth of cryptocurrency allegedly used to finance the Iran-backed militant groups.

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A new phase in the Tel Aviv Stock Exchange's integration of blockchain technology and traditional assets has been completed with the minting of the first dummy digital government bond as an ERC-1155 security token. 

The United Kingdom could see its first centrally cleared trading venue for digital asset derivatives due to a partnership between a London Stock Exchange Group (LSEG) business and trading startup Global Futures and Options (GFO-X). They intend to launch the service in the fourth quarter of this year.

At Tel Aviv FinTech Week 2023, Yoav Soffer, the advisor to the deputy governor at the Bank of Israel, touched on the topic of central bank digital currencies (CBDCs) as an efficient cross-border payment option.

When the Tel Aviv Stock Exchange (TASE), the only public stock exchange in Israel, announced that it drafted a proposal for regulation-friendly crypto trading on Feb. 27, it echoed across the crypto industry as a step forward for crypto adoption. However, some experts have framed the proposal as a somewhat underwhelming update to the current crypto landscape in Israel. 

Israel Tax Authority has arrested two NFT creators for charges of tax evasion and money laundering after allegedly failing to report $2.2 million in sales throughout 2021.

A draft for the approval of an expansion of crypto trading activities to non-banking members has been published by the Tel Aviv Stock Exchange (TASE) for public comments.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Galaxy Digital has invested $44 million into an institutional cryptocurrency custody platform to tap into its proprietary asset storage and management capabilities.