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Despite already setting a precedent in a previous case, the Israeli courts system is again called upon to stop a bank from shutting down a crypto business. This time, Union Bank tried to refuse operating an account to a mining firm – a service all companies need to legally operate in the country. Also Read: […]
The post Israeli Bitcoin Mining Company Sues Bank for Closing Its Account appeared first on Bitcoin News.
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Israeli equity investors seem to maintain a strong appetite for exposure to the bitcoin ecosystem. The value of a public company traded on the TASE has increased by almost half after it officially completed a deal with Canadian miner Bitfarms. Also Read: How the Government Gave Your Money to the Banks – Again and […]
The post Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% appeared first on Bitcoin News.
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In a bid to reduce systemic risk, the Israel Securities Authority has announced that it will not include companies operating in the cryptocurrency industry will not be included in the country’s stock exchange indices. News of the determination has been published alongside a public warning issued that seeks to inform prospective investors of the risks […]
The post Israeli Crypto Companies Banned From Stock Exchange Indices appeared first on Bitcoin News.
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The Supreme Court of Israel issued a temporary injunction order on Monday forbidding Bank Leumi from sweepingly halting the account activity of the Bits of Gold bitcoin exchange. This is seen as a major victory in the Israeli cryptocurrency industry that will set a precedent for other bitcoin businesses struggling to get banking services. Also […]
The post Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange appeared first on Bitcoin News.
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An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations. Also Read: Israel Tax Authority: Bitcoin is […]
The post Israeli Bitcoin Company Sues Banks for Not Letting it Open Accounts appeared first on Bitcoin News.
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While some state authorities and financial regulators might deride bitcoin, more people are using the cryptocurrency in their everyday lives. This has recently become evident by divorce cases around the globe involving bitcoin, with the latest example coming from Israel. Also Read: Half of Large British Businesses Hold Stockpiles of Cryptocurrency Bitcoin Wedding A rabbinical […]
The post Bitcoin Divorce Presents New Challenge for Rabbinical Court in Israel appeared first on Bitcoin News.
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An application for a class action lawsuit against Apollo Power (TASE: APLP) has been submitted to the Tel Aviv District Court. The solar energy technology company is accused of misleading investors by making a false report. The matter at hand is how its share price jumped by 150% on December 18 after Apollo announced it […]
The post Public Firm Faces Class Action Lawsuit for Falsely Claiming Link to Bitcoin appeared first on Bitcoin News.
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Bitcoin mania has taken over the business world. Companies from India to Long Island are rushing to add bit, coin, crypto or blockchain to their names. As that is the case it would not be a big surprise if some have also stretched the definition of what they do too far just to have some […]
The post Israeli Regulator Investigating Public “Bitcoin” Company for False Claims appeared first on Bitcoin News.
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It appears that public companies have found a new way to attract investors to their stocks, implying they are becoming a part of the booming bitcoin market. Also Read: Israeli PM Netanyahu Says Bitcoin Is Rising as Banks Are Destined to Disappear Crypto Stocks? A third company listed on the Tel Aviv Stock Exchange (TASE) […]
The post More Firms Entering the Bitcoin Market See Stocks Soar appeared first on Bitcoin News.
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