Israel Financial News

04.07 / 01:23

UPS Citi Target Israeli army kills 9 Palestinians in West Bank; About 3,000 escapes from refugee camp in Jenin

In one of the biggest operations in 20 years, the Israeli army killed roughly nine Palestinians in the occupied West Bank with drone strikes on Monday night. The impromptu attack that targeted the northern city of Jenin was launched under Prime Minister Benjamin Netanyahu's hard-right government and was labelled as an "extensive counterterrorism effort. News agency AFP reported that around 3,000 had left their homes in the Jenin refugee camp since the start of the operation yesterday.

03.07 / 11:45

UPS Fighting How Does the New French Retirement Age Stack Up Globally?

French President Emmanuel Macron used executive powers to raise the government’s minimum retirement age for national pension benefits Tuesday, amid protests inside and outside the chambers.

02.07 / 10:57

Manufacturing Stealth Deal Israel to buy 25 more F-35 stealth jets in $3 billion deal

Israel has approved the purchase of a third squadron of F-35 stealth fighter jets in a deal worth $3 billion, the Ministry of Defense said on Sunday. The additional 25 aircraft manufactured by Lockheed Martin will bring the number of F-35s in Israel's air force to 75, the ministry said, adding that the deal will be financed through the defense aid package Israel receives from the United States.

02.07 / 10:11

UPS Provident Cooper Manufacturing Strategy Declining exports: Commerce ministry to meet exporters on Monday

commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country's outbound shipments have been contracting for the last four months, an official said. Exporters are expected to flag issues like extending greater support to participate in global exhibitions and fairs; expediting negotiations to conclude free trade agreements with the UK, Canada, Israel and GCC (Gulf Cooperation Council); and allowing industry double weighted deduction on salary to professionals to retain talent in India.

02.07 / 06:25

Citi Target Israel's air force attacks Syria and Syrian air defence missile explodes over northern Israel

Israel carried out airstrikes on areas near the central Syrian city of Homs early Sunday causing material damage but no casualties, the Syrian military said in a statement. Syrian state media quoted an unnamed military official as saying the air defences shot down some of the missiles fired by Israeli warplanes flying over neighbouring Lebanon.

30.06 / 18:17

Blockchain Target Binance Fighting Binance Played a Crucial Role in Israel's Historic Counterterrorism Effort Against Iran and Hezbollah

Binance has disclosed a collaboration between its Sanctions Investigation Team and Israel’s Ministry of Defense in a counterterrorism operation against Iranian and Hezbollah terrorist groups.

30.06 / 17:55

UPS Provident Manufacturing Software GM buys Israel-based software startup Algolion to detect early battery defects

General Motors said on Friday it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems in batteries.GM said Algolion's software will help the Detroit automaker bring to the market a «cost-effective» early hazard detection system at a quicker pace. The deal, for an undisclosed sum, comes at a time when automakers are investing billions in manufacturing electric vehicles (EVs) and rushing to develop batteries — which represent up to 50% of an EV's price tag — that can power an automobile for a longer duration.

28.06 / 18:49

regulation Terrorism Israeli authorities seize crypto from terror organizations, credit new technology

Israel has seized crypto wallets containing millions of dollars intended to fund terror, the country’s National Bureau for Counter Terrorist Financing announced June 28. Israeli Defense Minister Yoav Gallant credited collaboration among the Israeli defense and justice ministries, Israeli intelligence and new technology for the operation, according to local media.

28.06 / 13:47

Terrorist Financing Israel Confiscates Cryptocurrency Allegedly Used for Funding Hezbollah and Iran's Revolutionary Guard

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

19.06 / 15:49

Ethereum G20 Charity DApp Chainalysis Bitcoin Customers Today in Crypto: Tel Aviv Stock Exchange to Let Nonbank Members' Customers Trade Crypto, Two Hackers Arrested in France, $70M in BTC and ETH Donated to Ukraine

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

16.06 / 06:03

business privacy ERC-20 Israeli crypto entrepreneur joins privacy-focused project amid fraud allegations

Moshe Hogeg, an Israeli entrepreneur, has returned to the spotlight of the crypto industry after speaking at a conference in Morocco on ‘alternative internet network’ Tomi.

12.06 / 11:11

IPO MET CEO HSBC SVB HSBC builds innovation division from the bones of collapsed SVB UK

U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology sector following its eleventh-hour rescue of the U.K. subsidiary of failed Silicon Valley Bank (SVB) in March.

10.06 / 12:25

business Technology Adoption ChatGPT OpenAI CEO highlights South Korean chips sector for AI growth, investment

Sam Altman, the CEO of ChatGPT developer OpenAI, met with South Korean President Yoon Suk Yeol on June 9 and urged South Korea to play a leading role in manufacturing the chips needed for artificial intelligence (AI) technology. Altman also expressed an interest in investing in Korean startups and collaborating with bigger chipmakers like Samsung Electronics.

07.06 / 18:39

business Government Blockchain Adoption Banks stock exchange Tel Aviv Stock Exchange completes proof of concept to tokenize fiat and bonds

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.

07.06 / 05:33

UPS IPO Target HSBC Sky News HSBC says rebranded Silicon Valley Bank UK will maintain startup focus while targeting global growth

Silicon Valley Bank UK will continue to serve startup businesses from «seed funding to IPO,» the chief executive of its new owner, HSBC UK, said Tuesday.

06.06 / 21:25

business Law regulation Tether Bitfinex Fraud Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’

Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions over a 10 month timespan in 2018.

30.05 / 12:27

business defi Hackers hacks Web3 Cybersecurity security Two key security practices for Web3 startups from Israel Crypto Conference

Security continues to be one of the Web3 space’s most important and relevant matters, as protocols and enterprises continue to face exploits.

24.05 / 07:59

UPS Citi FIVE PayPal Platform Europe and Israel are producing more startup 'mafias' than ever despite tech rout

Europe and Israel mint an average of five tech startups for every venture-backed company with a valuation of $1 billion or more, according to a new report from the venture capital firm Accel.

09.05 / 09:07

U.S. Binance faces US probe of possible Russian sanctions violations

U.S. Justice Department is investigating whether Binance Holdings was illegally used to let Russians skirt U.S.

05.05 / 10:13

Law Binance regulation financing place compliance Binance Addresses Compliance Concerns, Claims Robust Measures in Place to Prevent Terrorism Financing

Leading cryptocurrency exchange Binance has responded to a Reuters report that raised questions about its compliance policies for preventing and tackling cryptocurrency-based financing of terrorism.

22.04 / 16:07

business Gemini Derivatives Winklevoss Twins Gemini to launch derivatives platform outside the United States

United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The move comes amid a tightening and uncertain regulatory environment for crypto firms in the country.

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