Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities […]

Continue Reading

As Cryptocurrency Gains Popularity In Israel, Discussions Continue About a ‘Crypto-Shekel’

Top leadership in Israel has long considered launching a state-backed virtual currency. Discussions have only grown as the nation’s cryptocurrency sector continues to blossom. The Bank of Israel, as well as the nation’s Finance Ministry, has been mulling over the idea of a state-sponsored cryptocurrency since Bitcoin’s 00 price high at the tail end of […]

Continue Reading

Israeli Crypto Exchange Bits of Gold Agrees to Share Customer Info with Tax Authority

Bits of Gold – local Israeli cryptocurrency exchange – has agreed to pass on information to the country’s Tax Authorities on deposits and trading activity. Israel Tightens the Knot In what seems to be a step towards tightening up the cryptocurrency trading environment in Israel, the local Tax Authorities have reached an agreement with a […]

Continue Reading