Tagged: israel

Tel Aviv University Partners with Controversial Entrepreneur Moshe Hogeg to Create Hogeg Blockchain Research Institute

Tel Aviv University and  Moshe Hogeg have joined to launch the Hogeg Blockchain Research Institute. Hogeg is not without controversy having been the target of several lawsuits. Hogeg is the founder of Sirin Labs that raised a reported $158 million in an initial coin offering…. Read More

Insurtech Voom Raises $5 Million Series A to Provide on Demand Insurance Using Telematics

Voom is poised to provide on-demand insurance following the completion of a $5 million Series A funding round, according to a note from the company. Voom, a Tel Aviv based startup, received the capital injection from Arbor Ventures with participation from returning investors F2 Capital,… Read More

SEC Fintech Forum will Focus on Digital Assets, Some Crypto Industry Participants Have Set Low Expectations: “Just for Show”

The Securities and Exchange Commission (SEC) has scheduled a Fintech Forum to take place at the end of this month at their headquarters in Washington, DC. Blockchain and digital assets will be the main topic of discussion. But while interest in the event, which will… Read More

OurCrowd Leads $7 Million Funding Round in 3D Imaging Firm MultiVu

MultiVu, a tech company creating 3D imaging solutions, has closed on a $7 million seed round led by OurCrowd – Israel’s most active venture investor. OurCrowd was joined by Cardumen Capital and Hong Kong-based investment firm Junson Capital. MultiVu said it intends to use the… Read More

Police Take Down Dark Net Media Site “Deepdotweb” in Fifth Major Dark Net Bust in Six Weeks

Police from the Tel Aviv Police Cybercrime Unit have arrested two Israeli citizens accused of running a Dark Net media site called “Deepdotweb.” Several other French, German, Dutch and Brazilian nationals have also been arrested in an operation coordinated between local authorities and the US… Read More

Real Estate Crowdfunding: iintoo Acquires RealtyShares Assets

Commercial real estate crowdfunding platform iintoo has stepped up and acquired the assets of defunct platform RealtyShares. Deal terms were not disclosed. The news was revealed in a release from iintoo. RealtyShares, previously a leader in the real estate crowdfunding sector, shocked the market when… Read More

OurCrowd Portfolio Company Zebra Medical Vision Receives FDA Approval for AI Product

Zebra Medical Vision, a medical imaging analytics company, has received FDA 510(k) clearance for “HealthPNX – an AI alert for pneumothorax (PNX), based on chest X-rays.” Zebra is an OurCrowd portfolio company. Pneumothorax is described as a condition in which there is an accumulation of… Read More

After Raising $10 Million, QEDIT Partners with Ant Financial, VMWare and RGAX on Enterprise Privacy Blockchain

QEDIT, a provider of zero knowledge proof blockchain, has announced a new partnership with Ant Financial, VMWare and RGAX – a subsidiary of the Reinsurance Group of America. The announcement follows a significant $10 funding round led by MizMaa Ventures with participation from Ant Financial,… Read More

Unicorn Beyond Meat IPO’ed Raising $240 Million But OurCrowd Investors Had Chance to Invest Before NASDAQ Listing

Beyond Meat Inc. (NASDAQ:BYND), completed an initial public offering (IPO) last week raising approximately $240 million on a valuation of $1.5 billion at $25/share. Once listed on NASDAQ, Beyond Meat jumped far beyond its initial pricing quickly rising in value topping $3.8 billion at over… Read More

Israeli Accused of Stealing $2 Million in Crypto From Friend and Mentor

An Israeli named Afik Wore has been indicted for allegedly stealing 6.2 million shekels ($1.7 million USD) worth of cryptocurrency from a friend who taught him how to trade it, News 1 reports. According to the outlet, Eliat resident Alexei Yaromenko, a cryptocurrency trader since 2013,… Read More

As Founder Plagued by Lawsuits, “Blockchain Phone” Maker Sirin Labs Lays Off Staff

Sirin Labs, a “blockchain smartphone” company that raised $255 million in two ICOs, has confirmed it is laying off employees, Israeli news outlet Globes reports. Contrary to media reports of larger numbers let go, Sirin Labs says it is only laying off 15 of 60… Read More

Cryptomining Firm Bitfarms To Be Delisted from Tel Aviv Stock Exchange, Files Preliminary Prospectus in Ontario

Cryptomining company Bitfarms (formerly Blockchain Mining) lost $18.2 million during the 2018 crypto bear market and will shortly be delisted from the Tel Aviv Stock Exchange (TASE), Isreali news outlet Globes reports. Meanwhile, the company has reportedly sought to establish a foothold in Ontario, where… Read More

Fintech Lending Express: “The Majority of Business Do Not Have Any Option for Financing”

Lending Express is a Fintech on a mission to become the leading site for SME lenders – globally. Lending Express has offices in both the US and Israel, which has a hot Fintech sector. To date, the site has helped to fund over $125 million… Read More

OurCrowd Recognized as Most Active Venture Investor in Israel for 2nd Year

For the second year in a row, investment crowdfunding platform OurCrowd has been recognized as the most active venture investor in Israel. The ranking was provided by venture data tracking company Pitchbook.. OurCrowd recently held its annual investor summit which drew over 18,000 registrations as… Read More

Comprehensive Malware Used to Target Israeli Fintechs Writing Forex and Crypto Trading Software

A comprehensive malware called “CardinalRAT” has been used to target two Israeli Fintech companies, “who write software relating to forex and cryptocurrency trading,” cybersecurity firm Palo Alto Network writes. Attackers appear to be motivated by financial gain. Once installed, CardinalRAT malware allows attackers to: Collect victim information  Update… Read More

Court Rules Israeli Bank Cannot Close Crypto Miner’s Accounts but Can Refuse to Shelter Proceeds

A judge presiding over a district court in Tel Aviv has ruled that a branch of Union Bank in the Herzliya industrial district acted unreasonably when it closed accounts belonging to IsraMiner, a division of the Ukrainian cryptomining company Yashraminer, Calcalist reports. Judge Limor Bibi,… Read More

OurCrowd Portfolio Company Zebra to Collaborate with HealthNet Global

HealthNet Global (HNG), part of the Apollo Hospitals Group, India and Zebra Medical Vision, an AI Imaging software company, have announced a new collaboration that will focus on validating and deploying AI-based tools at scale across India. The Apollo Hospitals Group is Asia’s largest and… Read More

Israel Securities Authority Outlines Recommended Regulatory Approach for Digital Assets

Last week, a committee at the Israel Securities Authority (ISA) investigating the applicability of regulation pertaining to initial coin offerings (ICOs) and digital assets submitted their final report. The Committee was first established in August of 2017 during the height of the ICO boom. The… Read More

OurCrowd Leads When it Comes to Online Capital Formation for Promising Young Firms

OurCrowd is the largest securities crowdfunding platform for early-stage firms in the world. Last week, OurCrowd held its annual Summit in Israel. The Summit was host to over 18,000 participants, from 187 different countries, making it the largest event of its kind in the world…. Read More

Heard at Tel Aviv Fintech Week

Last week was a big one for Fintech and Israel. At the beginning of the week, the annual Tel Aviv Fintech Week event took place. Tel Aviv Fintech is a three-day affair that started with blockchain and ended with women in Fintech. On Thursday, the… Read More

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