Blockchain Securities Lending presented in Israel

The Tel Aviv Stock Exchange has declared the development of a blockchain-based securities lending platform that is to enable direct lending
18 May 2018   693

The Tel Aviv Stock Exchange (TASE) declares its new ‘Blockchain Securities Lending (BSL)’ project will basically rebuild the internal market by using some instruments of blockchain technology’s core facets such as direct peer-to-peer transactions, smart contracts and immutable data recording. The ‘private’ blockchain platform will be constructed on enterprise blockchain software Hyperledger Sawtooth and will use Intel as a technology partner to coify transaction data and save it private within the platform, among participants of a transaction. Accenture will head the joint-effort by processing the project, adopting it into the current systems and providing cybersecurity consulting to the further safety of the platform.

TASE specifies that the platform will support a ‘one-stop-shop’ for all ways of securities lending activities that will also be able to serve large volumes of safe transactions in faster timeframes as well as ‘operating in shorter-term positions’. The blockchain platform will also assist to decrease costs significantly for custodians and their customers. 

The Blockchain technology will present a new level of safety for securities lending and will support growth for transactions based on this new platform.
Ittai Ben-Zeev,
Chief Executive, TASE

The elaboration of the blockchain platform will first display an initial proof of concept (PoC). A wider deployment of the blockchain-based lending platform for the real-world will be promoted.

Cryptopia to Resume Trading Temporary

Trading lasted few hours and has been stopped, and the company itself has not made any announcements on this matter
18 March 2019   29

Hacked cryptocurrency exchange Cryptopia temporarily resumed trading on this Monday, according to information from the order book on its website. To date, trading has been stopped, and the company itself has not made any announcements on this matter. The total volume of transactions on the exchange, which ceased trading services about two months ago, in the last 24 hours amounted to a little more than 10 BTC.

In a message not related to today's test launch of trades, the exchange announced that it would send letters to all clients affected by the hacker attack. A copy of the letter is available on the Cryptopia website. In it, the exchange describes the circumstances of the hacking and its further actions.

The company also confirmed that it will pay damages to affected users. Customers who kept cryptocurrency stolen from the exchange will see in their accounts withdrawal records without transaction identifiers, reflecting the extent of the damage. They will get Cryptopia Loss Marker (CLM), which are records in the database of payments due to them.

According to the announcement, the company expects to proceed with the payment of compensation and resume trading until the end of the month after the completion of the necessary legal procedures.