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The Israel Tax Authority will go after cryptocurrency tax evaders.

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Startup Nation - Israel’s tech culture, Dapps are doomed, and can blockchain solve corruption?

Tal Kol is the co-founder of Orbs, a public blockchain for enterprise. Tal is a veteran of Israel’s 8200 unit, a military intelligence agency comprised of the smartest 18 - 21 year-olds in Israel. Alumni of the unit have been unusually successful in the global startup scene. Tal believes that blockchain’s Dapp model is flawed, that Dapps can’t compete with their centralized counterparts, and that public blockchains should work with enterprise to build out Web 3.0.
BraveNewCoin

Israel reportedly behind spying devices found near White House, other sensitive areas

Israel likely planted StingRays found near the White House and other key locations in Washington to spy on President Trump and his advisers, the U.S. government reportedly determined, though the Trump administration took no apparent action to chastise its ally. “It was pretty clear that the Israelis were responsible,” a Politico report cited a former senior intelligence official as saying. But Israeli Embassy spokesman Elad Strohmayer dismissed the allegations as “absolute nonsense,” the report noted. “Israel doesn’t conduct espionage operations in the United States, period,” he said. Discovery of the devices in 2017 renewed concerns over Trump’s use of an unsecured personal smart phone. In a 2018 letter to Sen. Ron Wyden, D-Ore., Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) Director Christopher Krebs detailed the discovery of  “anomalous activity that appeared consistent with IMSI [International Mobile Subscriber Identity] catcher technology within the NCR [National Capitol Region], including locations in proximity to potentially sensitive facilities like the White House” during a limited pilot program conducted by the National Protection and Program Directorate (NPPD).  At the time, Krebs, who was serving as the senior director performing the duties of the undersecretary of the NPPD, said the directorate had “neither validated nor attributed such activity to specific entities, devices or purposes” because it lacked the enforcement and counterintelligence authority to do so, but had shared the findings with other relevant federal agencies. Krebs told Wyden that DHS had received reports about the unauthorized use of StingRays and that “nefarious actors may have exploited” vulnerabilities in SS7 “to target the communications of American citizens.” The post Israel reportedly behind spying devices found near White House, other sensitive areas appeared first on SC Media.
SC Media

Report: Dutch agency recruited Iranian mole to help U.S. and Israel plant Stuxnet virus

The 2007 Stuxnet virus attack perpetrated against Iran’s then-budding nuclear program was made possible after U.S. and Israeli intelligence coordinated with Dutch intelligence agency AIVD to recruit an Iranian engineer as a mole who could infect Iran’s enrichment plant near Natanz, Yahoo News reported this week. The engineer initially provided data that helped Stuxnet’s authors develop code that specifically targeted the plant’s systems. Later, that same insider entered the facility by posing as a mechanic, and either directly downloaded the virus into its systems via a USB flash drive, or infected the system of a facility engineer, who would later unknowingly spread the virus, the report continues, citing multiple intelligence sources. The Stuxnet campaign, which was nicknamed Operation Olympic Games, was designed to sabotage and stall Iran’s nuclear ambitions while nations sought a means to end the program through sanctions and diplomacy. The virus infected programmable logic controllers (PLCs) from Siemens, causing destruction when the exit valves on certain centrifuges would close, trapping gas and raising internal pressure, or when the Iranian nuclear centrifuges operating via these PLCs would secretly spin out of control and break. The plan worked until Stuxnet was discovered and exposed in 2010. Iran would ultimately resume its operations, but in 2015 agreed to a Joint Comprehensive Plan of Action that was negotiated with the P5+1 nations and the European Union. In May 2018, the U.S. withdrew from the agreement under the orders of President Donald Trump. Olympic Games was primarily led by the NSA, CIA, Israel’s Mossad, the Israeli Ministry of Defense and the Israeli SIGINT National Unit. But Yahoo News reports that the two nations also received strategic assistance from the Netherlands, Germany, the U.K., and one other nation that is believed to be France. The Netherlands not only recruited the Iranian mole, but reportedly also provided intel on Iran’s efforts to procure nuclear equipment, using information gleaned by hacking and infiltrating a network of actors who helped develop nuclear programs in Iran and Libya. Germany, meanwhile, provided technical specifications on the Siemens industrial control systems. (France may have offered similar intel, the report adds.) The post Report: Dutch agency recruited Iranian mole to help U.S. and Israel plant Stuxnet virus appeared first on SC Media.
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BitMEX forecasts new crisis, new indexes on Nasdaq, positive adoption news from South Korea, new rules from Localbitcoins, scam app on Google Play, new options for KuCoiners and Coinbase users, ideas as for the potential of credit markets, JP Morgan and the Moshe Hogeg case

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DIGEST

Thailand plans to relax laws on ICOs, Bermuda issues a draft regulation, CONSOB halts Avacrypto, USA introduces the Token Taxonomy Act, CFTC questions about Ethereum, a report on Belgium, UAE, the EAEU, and Abkhazia, UAE plans to finalize regulations in 2019, Israel enlists the help of locals, South Korea regulators indict three Upbit employees, FCA is set to receive new duties

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DIGEST

India thinks whether to ban or not BTC, Upbit states the importance of crypto regulation, Dutch central bank to regulate crypto companies, Spain is preparing a draft regulation bill, South Korea convenes for debate with seven crypto exchanges, Chile declares that crypto regulation is in progress & other news on regulation

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DIGEST

High hopes: big plans of large players

A bolivar-to-petro exchange app from Venezuela, the Chinese mining companies go public, more reflections on Bitcoin, Zuckerberg's sister at Huobi, VeChain to partner with BMW and Renault, and one more state-backed currency

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Daily, May 28, ’18

Bitcaw Trading Company, The Israeli Ministry of Finance, Niall Ferguson, Bithumb, Poloniex, Rory MacDonald, Spencer Bogart

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Crypto Adoption: Royal Bank of Canada Might Soon Launch A Crypto Trading Platform

Canada’s largest bank, The Royal Bank of Canada having over $965 billion in total assets could soon launch a crypto trading platform. Will RBC Soon offer Crypto Accounts? As per reports, by leading media, The Logic, RBC has applied for four patents in Canada and the US – a hint enough to decude that the bank might integrate cryptos into its operations. When questioned RBC spokesperson Jean Francois Thibault told  The Logic that similar to other organizations, patent applications, and concepts are protected and declined to comment on the platform launch. “To individual users, managing cryptographic keys and transacting with different cryptographic assets can be a challenge. In some situations, cryptographic asset transactions may take time to be confirmed, and/or may not be compatible or supported by merchant systems or point-of-sale devices,” reads the patent. The report further mentions that the bank could offer its customers cryptocurrency accounts. As a matter of fact, RBC has published a minimum of 27-blockchain-related patents in the past three years. These include credit scores, vehicle records, digital rewards and loan offerings. Rising Crypto & Blockchain Adoption in Canada A study by Bank of Canada in early October revealed that 5% of Canadians own bitcoin. Furthermore, the nation has been well-positioned in attracting mining businesses due to its colder climate and low energy costs. Not only is the national interest in cryptocurrencies rising, a survey by Deloitte in 2018 revealed that fifty-one percent of Canadian companies were investing in blockchain. Yesterday, Canada launched its second stablecoin, CUSD. Interestingly, the stablecoin is backed by the US Dollar and not the Canadian Dollar. CUSD similar to its forerunner CADT, (backed by the Canadian Dollar) has been developed by Blockchain Venture Captial Inc., a Canadian blockchain-based company. Will Royal Bank of Canada roll out its own crypto exchange? Let us know, what you think in the comments below!   The post Crypto Adoption: Royal Bank of Canada Might Soon Launch A Crypto Trading Platform appeared first on Coingape.
CoinGape

Celebrity-Founded Pac Token IEO Campaign To Launch On GCOX

The Initial Exchange Offering (IEO) of a celebrity coin called PAC Token (PAC) has gained the attention of the crypto community. However, this is a token for a “select few” due to the distribution strategy that has been put in place. It is an IEO where a first-come-first-served basis will not apply, but rather, an electronic ballot system will determine who gets the coin. What’s more, PAC is backed by a celebrity, and given how past cryptocurrency ventures launched by stars ended in shambles, a lot of fingers are crossed. Will PAC be a huge success and possibly the next big thing? Or will it like others before its time leave investors holding a bag of worthless tokens? Who knows! What is Pac Token? PAC Token (PAC) is an ERC-20 token that rides on the popularity of Manny Pacquiao, a Senator in the Philippines, and a professional boxer. The cryptocurrency was launched on September 1, 2019, at “A Concert For Champions” held in Manila, Philippines. These tokens are aimed at bringing the Filipino boxer closer to his fans by giving his sizable followers access to fan-celebrity programs powered by Singapore’s GCOX exchange. In the same vein, fans can connect with the pro-fighter on social media. The crypto asset can also be used to redeem products such as Pacquiao’s autographed glove or exclusive VIP box seats at boxing matches. It can be donated to Pacquiao to support his cause. On the other hand, England soccer star Michael Owen and Sheikh Khaled bin Zayed al-Nahyan, a member of Abu Dhabi’s ruling family, are reportedly private investors of PAC. Who is Manny Pacquiao? Emmanuel Dapidran Pacquiao, popularly known as Manny Pacquiao, is a man of many interests. He is a politician who has been a serving Senator in the Philippines since 2016. Likewise, the 40-year-old is a renowned boxer who has several accolades to his name. According to Wikipedia, he is “one of the greatest professional boxers of all time.” The Boxing Writers Association of America (BWAA) also named Pacquiao, “Fighter of the Decade 2000”. Forbes, on the other hand, ranked him as the second-highest-paid athlete in the world as of 2015. Despite Pacquiao’s interest in politics and sports, he is now dabbling with blockchain technology, which has led to the launch of his cryptocurrency, Pac Token. Pac Token IEO Campaign on GCOX Exchange The Pac Token (PAC) will be distributed in an Initial Exchange Offering (IEO), instead of an Initial Coin Offering (ICO) since it is offered through an exchange. PAC’s IEO has been scheduled to take place on GCOX Sparkle, the IEO platform on GCOX (Global Crypto Offering Exchange). The IEO will start on November 12, 2019, at 9 pm (GMT+8), to end on November 14, 2019. Three rounds of sales have been slated, and each round will last for three hours. Also, 700,000 PAC tokens will be offered, and each token will cost $0.30 USD. Token Balloting System to Aid in Acquiring PAC During IEO The fact that a renowned celebrity backs PAC has earned it much attention, which means there will be more people willing to buy despite the fact that there are just a few tokens to go round. A system has, therefore, been devised to allocate tokens during the campaign. That being the case, it won’t be on a first-come, first-served basis. Instead, GCOX has chosen to use a Token Balloting system to determine who can acquire PAC during then IEO. According to the exchange, each account on the GCOX Sparkle is limited to one subscription as well as a minimum and maximum subscription amount of $30 and $1,200, respectively. At the completion of the IEO, an electronic ballot will allocate tokens to individuals. However, these tokens will be credited to the wallets of participants on November 19, 2019, by 6 pm (GMT+8). Deducing from this logic, not very many people are going to get their hands on this token, given the policy that has been put in place. Nonetheless, it may increase the token’s demand from Pacquiao’s fan base and potentially impact on its price positively. About GCOX GCOX is a decentralized exchange owned by GCOX Group, a group of companies in different industries, including entertainment, finance, and technology. The exchange was founded in 2017, and it became the first cryptocurrency exchange to collaborate with LaLiga, a Spanish football division. GCOX is focused on promoting celebrities and brands using its ACCLAIM blockchain. Stars can develop their popularity, raise funds, etc. using GCOX. As such, it does not come as a surprise that this exchange is chosen for the PAC IEO. However, PAC will be the first celebrity token IEO to launch on the GCOX Sparkle platform. Other celebrities like American singer Jason Derulo, Tennis ace Caroline Wozniacki, and English soccer star Michael Owen are rumored to plan to launch their crypto tokens on GCOX soon. Conclusion PAC Token is the first celebrity coin to go on sale on the GCOX cryptocurrency exchange. It is backed by Manny Pacquiao, a politician, and boxer who has garnered a sizable number of fans that can increase PAC’s demand. And despite the failed attempts of other crypto ventures by celebrities, PAC Token is likely to come out strong. Website: https://pactoken.io/ Telegram: https://t.me/pactoken Facebook: https://www.facebook.com/pactoken.io/ YouTube: https://www.youtube.com/c/GCOXOfficial Twitter: https://twitter.com/GCOX_official Instagram: https://www.instagram.com/gcox_official/ IEO Page of GCOX Exchange: https://gcox.com/cms/detail/218801924428791808 Disclosure/Disclaimer: This article is sponsored and produced by a third-party source and should not be viewed as an endorsement by ZyCrypto. Readers are urged to do their own research before investing or having anything to do with the company, goods and/or services mentioned in the above article. The post Celebrity-Founded Pac Token IEO Campaign To Launch On GCOX appeared first on ZyCrypto.
ZyCrypto

Chinese E-Commerce Giant Alibaba Offers Free Bitcoin to US Shoppers

Yes, you did read that right. The company that refused to let its Chinese users buy bitcoin with Alipay has now teamed up with a New York-based BTC app to offer it for free on ‘Singles Day’. Get Free Bitcoin on Singles Day As part of a drive to motivate shoppers on China’s ‘Singles Day’ yesterday, e-commerce giant Alibaba has partnered will the bitcoin shopping app, Lolli. The unofficial holiday which falls on 11/11 is the Chinese equivalent of America’s Black Friday. According to a company blog post Lolli users were able to earn 5% in bitcoin when they shop with partner Alibaba. The day is massively popular in China where its burgeoning younger generation and nouveau riche want to splash the cash to celebrate their solo status. Lolli’s partnership with Alibaba, which recently warned against crypto payments in China, would allow US-based users who purchase on the Chinese platform to earn a cut in BTC. CEO and co-founder of Lolli, Alex Adelman, stated; “I’m excited to partner with Alibaba on Singles Day and offer the opportunity to earn bitcoin back to its shoppers. This is a milestone partnership for Lolli as Alibaba is the largest retailer and e-commerce company in the world, launching on Single’s Day, the world’s largest shopping day of the year.” The app works through a browser extension that notifies users when they’re browsing a partner’s online retail outlet. Lolli works with over 500 partners including big names such as Walmart, Groupon, Toms, Hilton, GAP, and Hotels.com. The official website claims that they are ‘on a mission to spread bitcoin to billions of people all around the world with the click of a button.’ Records Smashed in Shopping Frenzy It is clear that Chinese and US-based platforms are trying to capitalize on one of the biggest shopping days in the year. According to CNBC Alibaba broke the Singles Day record with more than $38 billion in sales yesterday. At the end of the 24-hour event, the gross merchandise value stood at 268.4 billion yuan, just under a 26% rise from the figure posted last year. Alibaba offered huge discounts on its global outlets but naturally, shoppers in China were not entitled to earn any bitcoin, even though state media has been trying to educate them on it. Smartphones from Apple and Huawei were some of the top-selling items as online personalities took to the stage to tout their brands. There was a concern in China that sentiment for US brands may have fallen following the ongoing trade war but this was clearly not the case. Maybe free bitcoin for Chinese users would have resulted in an even larger profit margin for Alibaba. Did you go shopping on Singles Day? Add your comments below. Image via Shutterstock The post Chinese E-Commerce Giant Alibaba Offers Free Bitcoin to US Shoppers appeared first on Bitcoinist.com.
Bitcoinist

Singapore: MAS Partners JP Morgan to Develop Blockchain-Enabled Payments Network

Singapore’s financial regulator, the Monetary Authority of Singapore (MAS) has entered into a partnership with Wall Street titan JP Morgan Chase and Temasek to develop a distributed ledger technology-powered (DLT) multi-currency payments network. This, according to a report by Finance Magnets, November 11, 2019. Part of Project Ubin In a bid to propel the useRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Omise To Offer PayNow Payment Options In Singapore; Faster And More Secure Transactions

Asia-focused Payment Gateway, Omise announced that it will be offering PayNow to customers in Singapore reports Finance Magnates. Customers, namely small and medium-sized e-commerce businesses can expect this addition to take place sometime next month. PayNow was created by DBS, Development Bank of Singapore. Their foundation involves leveraging digital technologies to ensure that customers are […]
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