Israel Forbids Bitcoin Firms to appear in Stock Indices

Natural Resources Holdings or "Mashabei Teva" will not be included in stock indices
13 December 2017   1705

Israel Securities Authority chief Shmuel Hauser said in a letter to Ittai Ben Zeev, the CEO of the TASE, that cryptocurrency companies should be banned from entering the exchange via a "back door", or through the activities of an existing company that is already listed on the exchange until a proper regulatory process is in place for dealing with these kind of companies.

Hauser’s letter to the TASE CEO came after the regulator delivered comments at the Hi-tech Growth and Debt Financing Conference held yesterday at the TASE that he would not allow companies whose values are based on bitcoin values, like Natural Resources Holdings (Mashabei Teva), to be included in the TASE indices.

"Mashabei Teva" is the Israeli brand of TASE-listed Natural Resource Holdings, a precious metals company whose stock price jumped after it announced a switch to mining cryptocurrencies.

After Hauser’s comments on Tuesday Natural Resources shares plunged more than 25%.

Recently, we have reported that Israeli bank Leumi blocked transactions of popular cryptocurrency services.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   215

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.