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Bitcoin was dealt a major beating by the district judiciary when they ruled against Bits of Gold, a cryptocurrency broker in Tel Aviv.
Pressure grows on global governments to issue Bitcoin licenses to manage the cryptocurrency-related concerns.
Social media panned the efforts of ‘Israeli Bitcoin activists’ to criticize Bitmain, while one industry commentator said it was the “result of centralization attempts.”
The legal trial related to defunct Israeli exchange Coin.mx has slowed down after the prosecution produced a new witness. Coin.mx is under suspicion for operating under a fake image while illegally accruing millions of dollars in bitcoin.
Facebook’s secure messaging app - WhatsApp may not be secure for long, as an Israeli firm boasts it can break its end-to-end encryption through a backpack-contained device.
The vibrant Israeli fintech industry generates innovation using Blockchain technology which leaves the regulator no choice but eventually to join in.
According to mathematician Meni Rosenfeld, Israel is a Bitcoin “forerunner.” With large numbers of users in the country, the number of startups and merchants continues to grow.
CoinTelegraph’s news roundup for Thursday, January 29.
Epicenter Bitcoin Ep 49
Israel's first Bitcoin ATM has been successfully installed and opened its "doors" to the general public early Sunday evening.
While some countries proceed to search for a way to get something out of elusive cryptocurrencies, Israel prefers to wait it out until someone else makes a step forward.
The Israel Bar Association, on the other hand, suggested back in August that Bitcoin was catching on as a legitimate way to pay lawyers for their services.
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