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Crypto hotspots continue to thrive despite FTX collapse

The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation.  While it may be too soon to fully understand the impact of the FTX collapse, industry leaders within crypto-friendly geographies believe that the FTX failure will not hamper innovation. For example, Dubai — which has been dubbed as one of the most innovative regions for crypto and blockchain development — continues to see ecosystem activity. Most recently, The Algorand Foundation, the organization driving the growth of the Alogrand blockchain, hosted its second annual Decipher conference in Dubai. The event took place Nov. 29–30, ...

Woman Attacks Bouncer, Bites Off Part of His Ear at Israeli Nightclub: Report

An Israeli woman attempting to enter a Haifa nightclub was arrested after allegedly assaulting a security guard—and biting off part of his ear. Ynet reports the accused, a 36-year-old mother of two, was initially denied entry after security believed she was under the influence of drugs or alcohol. After being denied entry, it initially seemed the woman had accepted the bouncer’s decision, but sources say she suddenly attacked the man, biting off part of his ear in the process. It only takes seven pounds of pressure to rip a human ear, according to Disabled World. And in the split-second commotion that ensued, the bouncer instinctively sought to stop the bleeding while calling for assistance as fellow personnel rushed in to detain the woman before law enforcement could ...

Israel puts the brakes on cash to spur digital payments

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 been tightened to 6,000 Israeli Shekel (NIS), equivalent to $1,760 United States dollars (USD) for business transactions and NIS 15,000 ($4,400 USD) in personal transactions. Further restrictions are expected to follow in the future, prohib...

Football Accumulator Betting Tips for Monday 13th June 2022: Back Our 5/1 Three-Fold With A Free Bet

Ahead of Monday’s UEFA Nations League action, we have picked out three fixtures for a 5/1 accumulator – better yet, customers yet to register with Virgin Bet can get a £20 free bet to use across their platform. Three legs make up our Monday accumulator, which has odds of roughly 5/1. A £10 stake would return around £65 (Odds subject to change). Football Accumulator Tips Football Accumulator Betting Offer: Virgin Bet – Bet £10 Get £20 In Free Bets Virgin Bet are offering new customers the chance to get £20 worth of free bets upon signing up. Simply place a £10 qualifying bet , and you’ll receive £20 in free bets in return. Just follow the step-by-step guide below to redeem yours. Top 5 New Football Betting Sites Sites Highlights Register 4. Bet £10 Get £20 In Free Bets Already claimed Virgi...

Big Thief Cancel Concerts in Israel, Venue Calls Band “Cowards”

Amid public outcry from many of their fans, Big Thief have canceled a pair of upcoming shows scheduled in Tel Aviv, Israel. In a statement issued on Thursday, the band said, “To be clear, we oppose the illegal occupation and the systematic oppression of the Palestinian people. We believe in total freedom and self-determination for all Palestinians.” Big Thief announced the July concerts at Tel Aviv venue Barby last last week, explaining in a statement that they wanted to explore bassist Max Oleartchik’s Israeli hometown and meet his family and friends in the same way that he had done for them as they toured the United States. “It is important for us to go where we have family to share space and play for them,” the band said. “It is foundational. It is in that spirit that we made our d...

Big Thief Announce Israel Tour Dates, Internet Boos

Big Thief have extended their world tour by adding two dates in Tel Aviv, Israel, cushioning the announcement with a statement claiming to be “open to other people’s perspectives” regarding the country’s conflict with Palestine. Noting that bassist Max Oleartchik is from Israel, the band explained that they wanted to explore Oleartchik’s hometown and meet his family and friends in the same way that he had done for them as they toured the United States. “It is important for us to go where we have family to share space and play for them,” the band said. “It is foundational. It is in that spirit that we made our decision to play in Israel.” Aware that many fans would likely not support their decision to perform in a country currently occupying another, Big Thief went on on to add, “We ar...

Bank of Israel claims ‘public support’ for its CBDC project

Despite the fact that it still hasn’t made a final decision on the launch of the “digital shekel,” Israel’s central bank reported that the public feedback on the project is mainly positive. According to Reuters, on Monday, The Bank of Israel summarized the results of the public consultation on its central bank digital currency (CBDC) plans. It has received 33 responses from different sectors, with half of them coming from abroad and 17 from the domestic fintech community. While specifying that the final decision on the project’s fate is yet to be made, it claimed: “All of the responses to the public consultation indicate support for continued research regarding the various implications on the payments market, financial and monetary stability, legal and technological issues, and more....

Bank of Israel issues draft guidelines on cryptocurrency AML/CFT

On Friday, the Bank of Israel published a draft regulation on Anti-Money-Laundering and Combatting the Financing of Terrorism (AML/CFT) risk management for the banks facilitating crypto-to-fiat transactions. The move hints at the Israeli government’s preparations to legalize and regulate the relationship between banks and virtual currency service providers (VASPs). The document cites the customers’ increased involvement with digital assets as the rationale for the new policy: “In view of the increase in customer activity in virtual currencies, and the resulting increase in customer requests to transfer money […] the Banking Supervision Department today published a draft circular dealing with managing AML/CFT risks derived from the provision to customers of payment services relat...

Israeli authorities seize Hamas linked crypto accounts

A set of 30 crypto wallets from 12 exchange accounts that have been linked to the terrorist group Hamas based in the Gaza Strip were seized on Monday by Israeli authorities. Crypto exchange al-Mutahadun held the wallets where 12 accounts were allegedly being used by Hamas leaders to fund terrorist efforts against Israel. The Times of Israel reported that Israel’s Defense Ministry said on Feb. 28 that al-Mutahadun has helped Hamas’s military wing “by transferring funds amounting to tens of millions of dollars a year.” The exact value of the seizures and specifically what crypto assets seized is not yet clear, however, Israeli officials believe Hamas uses “tens of millions of dollars” in crypto funds to fund its military. Israeli Defense Minister Benny Gantz said in a Feb. 28 statement “We c...

Binance stopped ‘all activities focused on Israel’ following regulatory request: Report

Major crypto exchange Binance has reportedly halted activities and marketing to Israelis following a request from one of the country’s financial regulators over licensing. According to a Thursday report from Israel-based news outlet Globes, the Capital Market, Insurance and Savings Authority requested Binance provide information on the services it was providing to Israelis as well as any licenses under which it operates. The regulator, responsible for handling licenses for crypto firms, reportedly never received an application from Binance allowing the exchange to do business in Israel. “Following the intervention of the capital market, Binance has at this stage stopped marketing to Israelis and all activities focused on Israel until we examine the issue of licensing,” said the Capit...

Israeli Politicians Call Emma Watson Anti-Semitic for Pro-Palestine Instagram Post

Emma Watson has long been an outspoken actress, but her most recent foray into activism isn’t going over well with some politicians. After sharing a pro-Palestine image on Instagram on January 2nd, the Harry Potter star has come under fire from some Israeli politicians, who called the post anti-Semitic. Watson posted a photo of a pro-Palestine protest with the phrase “Solidarity is a verb” overlaid across the center. In the caption, she quoted the academic Sara Ahmed, who offers insight into the meaning of solidarity. All things considered, it’s a pretty harmless post — Watson doesn’t even use her own words, let alone comment on Israel or Jewish people directly. See for yourself below. Still, that didn’t stop Israeli politicians from turning on the actress. “10 points from Gryffindor for b...

Scotland vs Israel preview, team news, betting tips & prediction

Scotland will look to close in on group leaders Denmark with a win over Israel in the World Cup qualifiers this week. The two sides meet on Saturday at 17:00 pm BST. Scotland are coming into this game on the back of wins over Moldova and Austria. They will be full of confidence against Israel. Meanwhile, the visitors were beaten 5-0 by Denmark in their last outing and they will want to bounce back strongly. Scotland vs Israel team news Grant Hanley is suspended for Scotland. The visitors will be without Hatem Elhamed due to suspension. Scotland possible starting line-up: Gordon; Hendry, McTominay, Tierney; O’Donnell, Gilmour, Christie, McGinn, Robertson; Dykes, Adams Israel possible starting line-up: Marciano; Arad, Hanna, Bitton; Dasa, Natkho, Peretz, Solomon, Menahem; Zahavi, D...

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