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   829

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.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   94

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."