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Ironblocks Introduces Venn, Blockchain's New Security Guard. 🛡️🔗
Israeli cybersecurity firm Ironblocks is introducing Venn, a revolutionary security network designed to protect blockchain transactions. By vetting transactions before they're finalized, Venn aims to thwart multimillion-dollar attacks and fraudulent activity.
Venn acts as a rapid pre-transaction review system. Lending protocols and other customers pay a small fee for this added security layer. Within milliseconds, a decentralized network of node operators scrutinizes each transaction for suspicious behavior. If anything seems amiss, the transaction is immediately frozen, and security teams are alerted, preventing potential fraud or theft.
This innovative security network functions similarly to a blockchain, with node operators achieving consensus on the legitimacy of transactions. While most transactions will proceed without a hitch, those flagged as suspicious will undergo further investigation. Venn is currently in its testing phase and is expected to go live soon.
Although specific clients remain confidential, Ironblocks has confirmed interest from prominent lending protocols. The company will initially manage and operate Venn, with plans for a security council to eventually oversee its operations. This new security layer is poised to revolutionize blockchain security and safeguard your digital assets.
#Israel #Ironblocks #Venn #IronblocksVenn #security
Israeli cybersecurity firm Ironblocks is introducing Venn, a revolutionary security network designed to protect blockchain transactions. By vetting transactions before they're finalized, Venn aims to thwart multimillion-dollar attacks and fraudulent activity.
Venn acts as a rapid pre-transaction review system. Lending protocols and other customers pay a small fee for this added security layer. Within milliseconds, a decentralized network of node operators scrutinizes each transaction for suspicious behavior. If anything seems amiss, the transaction is immediately frozen, and security teams are alerted, preventing potential fraud or theft.
This innovative security network functions similarly to a blockchain, with node operators achieving consensus on the legitimacy of transactions. While most transactions will proceed without a hitch, those flagged as suspicious will undergo further investigation. Venn is currently in its testing phase and is expected to go live soon.
Although specific clients remain confidential, Ironblocks has confirmed interest from prominent lending protocols. The company will initially manage and operate Venn, with plans for a security council to eventually oversee its operations. This new security layer is poised to revolutionize blockchain security and safeguard your digital assets.
#Israel #Ironblocks #Venn #IronblocksVenn #security
32 Crypto Addresses Linked to Terrorism in Israel and Ukraine Are Blocked by Tether
#Tether , the leading global stablecoin enterprise, has restated its dedication to addressing the issue of cryptocurrency-financed terrorism and violence through its collaborative efforts with law enforcement authorities throughout the globe.
The organisation has taken measures to freeze a total of 32 addresses, which are said to be associated with unlawful activity in #Israel and #Ukraine . The frozen assets amount to $873,118.34.
Tether has established collaborations with law enforcement agencies worldwide.
As per a blog post dated October 16, Tether has played a substantial role in providing assistance to 31 law enforcement agencies spanning across 19 locations. This assistance has resulted in the freezing of assets amounting to $835 million, mostly linked to thefts arising from blockchain and exchange breaches.
The firm has established cooperation in many nations, encompassing Brazil, Singapore, Germany, Canada, Argentina, China, Ukraine, and the United States. Tether's objective is to actively collaborate with authorities in order to make a meaningful contribution to the efforts against cybercrime and facilitate the restitution of misappropriated monies to their rightful owners. The business further asserted:
Tether has taken action to freeze a total of 32 addresses, which together hold a sum of $873,118.34. These addresses have been identified as being associated with unlawful activities inside the countries of Israel and Ukraine. Tether has collaborated with the National Bureau for Counterterrorism Financing (NBCTF) in Israel to mitigate the risks associated with cryptocurrency financing of terrorist and warfare.
The capacity of Tether to immobilise and restore unlawfully acquired funds underscores the traceability and transparency inherent in blockchain transactions. In contrast to prevailing assumptions, it is important to note that transactions involving cryptocurrencies do not possess inherent anonymity. Rather, these transactions are scrupulously documented on the blockchain, therefore enabling the possibility of monitoring and tracing the flow of funds.
The Chief Executive Officer (CEO) emphasises the need of traceability.
Paolo Ardoino, the newly appointed Chief Executive Officer of Tether, has underscored the inevitability of identifying those involved in illicit operations employing cryptocurrency. According to Ardoino, Tether maintains its dedication to advancing the appropriate use of blockchain technology and serving as a strong safeguard against cybercriminal activities. We express our enthusiastic anticipation for further engagement with international law enforcement authorities, as it aligns with our dedication to global security and the preservation of financial integrity.
Tether's actions exemplify the ability of the industry to effectively counter criminal utilisation. However, certain critics within the blockchain sector persist in scrutinising the cryptocurrency industry, often overlooking the sluggishness or insufficient capabilities of the conventional financial system in combating illicit funding.
Regarding this issue, the CEO of Tether emphasised the need of acknowledging the transparency and trackability of blockchain transactions, as they work as effective deterrents against unlawful acts.
The stablecoin firm responsible for USDT is actively engaging in partnerships with law enforcement authorities worldwide, therefore emphasising the capacity of blockchain technology to augment financial security and integrity.
Blockchain technologies provide a strong safeguard against cybercrime and illicit financial activity through their capacity to ensure the traceability of transactions.
The preservation of the integrity and stability of the digital asset ecosystem heavily relies on the ongoing cooperation between #cryptocurrency firms and law enforcement authorities, particularly as the battle against cybercrime escalates.
The organisation has taken measures to freeze a total of 32 addresses, which are said to be associated with unlawful activity in #Israel and #Ukraine . The frozen assets amount to $873,118.34.
Tether has established collaborations with law enforcement agencies worldwide.
As per a blog post dated October 16, Tether has played a substantial role in providing assistance to 31 law enforcement agencies spanning across 19 locations. This assistance has resulted in the freezing of assets amounting to $835 million, mostly linked to thefts arising from blockchain and exchange breaches.
The firm has established cooperation in many nations, encompassing Brazil, Singapore, Germany, Canada, Argentina, China, Ukraine, and the United States. Tether's objective is to actively collaborate with authorities in order to make a meaningful contribution to the efforts against cybercrime and facilitate the restitution of misappropriated monies to their rightful owners. The business further asserted:
Tether has taken action to freeze a total of 32 addresses, which together hold a sum of $873,118.34. These addresses have been identified as being associated with unlawful activities inside the countries of Israel and Ukraine. Tether has collaborated with the National Bureau for Counterterrorism Financing (NBCTF) in Israel to mitigate the risks associated with cryptocurrency financing of terrorist and warfare.
The capacity of Tether to immobilise and restore unlawfully acquired funds underscores the traceability and transparency inherent in blockchain transactions. In contrast to prevailing assumptions, it is important to note that transactions involving cryptocurrencies do not possess inherent anonymity. Rather, these transactions are scrupulously documented on the blockchain, therefore enabling the possibility of monitoring and tracing the flow of funds.
The Chief Executive Officer (CEO) emphasises the need of traceability.
Paolo Ardoino, the newly appointed Chief Executive Officer of Tether, has underscored the inevitability of identifying those involved in illicit operations employing cryptocurrency. According to Ardoino, Tether maintains its dedication to advancing the appropriate use of blockchain technology and serving as a strong safeguard against cybercriminal activities. We express our enthusiastic anticipation for further engagement with international law enforcement authorities, as it aligns with our dedication to global security and the preservation of financial integrity.
Tether's actions exemplify the ability of the industry to effectively counter criminal utilisation. However, certain critics within the blockchain sector persist in scrutinising the cryptocurrency industry, often overlooking the sluggishness or insufficient capabilities of the conventional financial system in combating illicit funding.
Regarding this issue, the CEO of Tether emphasised the need of acknowledging the transparency and trackability of blockchain transactions, as they work as effective deterrents against unlawful acts.
The stablecoin firm responsible for USDT is actively engaging in partnerships with law enforcement authorities worldwide, therefore emphasising the capacity of blockchain technology to augment financial security and integrity.
Blockchain technologies provide a strong safeguard against cybercrime and illicit financial activity through their capacity to ensure the traceability of transactions.
The preservation of the integrity and stability of the digital asset ecosystem heavily relies on the ongoing cooperation between #cryptocurrency firms and law enforcement authorities, particularly as the battle against cybercrime escalates.
Israel's New Crypto Tax Bill: What You Need to Know
#crypto news update of Israel :
#Israel Proposes Bill to Reduce Crypto Tax for Foreign Residents :
A bill that proposes to exempt foreigners from capital gains #taxes on cryptocurrency profits passed its first reading in the Israeli parliament, the Knesset, on June 5, 2023. The bill, which was sponsored by Knesset member Dan Ilouz, would also reduce the current 50% tax on crypto bonuses for employees to 25%.
The bill is still in its early stages and has not yet been approved by the Knesset. However, if it is passed, it would make Israel one of the most crypto-friendly countries in the world.
Currently, capital gains in Israel are taxed at 25 percent, regardless of whether the asset is cryptocurrency or something else. The bill would exempt foreigners from this tax, which could make Israel a more attractive destination for foreign investors in cryptocurrency.
The bill would also reduce the tax on crypto bonuses for employees from 50% to 25%. This would bring the tax treatment of crypto bonuses in line with the tax treatment of stock options.
The bill is supported by the ruling coalition parties in Israel. If it is passed, it would be a major step forward for the crypto industry in Israel.
Here are some additional details about the bill:
The bill would exempt foreigners from capital gains taxes on cryptocurrency profits.
The bill would reduce the current 50% tax on crypto bonuses for employees to 25%.
The bill is still in its early stages and has not yet been approved by the Knesset.
If the bill is passed, it would make Israel one of the most crypto-friendly countries in the world.
What do you think of this bill? Do you think it would make Israel a more attractive destination for foreign investors in cryptocurrency? Let us know in the comments below!
#pepe #crypto2023
$BTC $PEPE
$TRX
#Israel Proposes Bill to Reduce Crypto Tax for Foreign Residents :
A bill that proposes to exempt foreigners from capital gains #taxes on cryptocurrency profits passed its first reading in the Israeli parliament, the Knesset, on June 5, 2023. The bill, which was sponsored by Knesset member Dan Ilouz, would also reduce the current 50% tax on crypto bonuses for employees to 25%.
The bill is still in its early stages and has not yet been approved by the Knesset. However, if it is passed, it would make Israel one of the most crypto-friendly countries in the world.
Currently, capital gains in Israel are taxed at 25 percent, regardless of whether the asset is cryptocurrency or something else. The bill would exempt foreigners from this tax, which could make Israel a more attractive destination for foreign investors in cryptocurrency.
The bill would also reduce the tax on crypto bonuses for employees from 50% to 25%. This would bring the tax treatment of crypto bonuses in line with the tax treatment of stock options.
The bill is supported by the ruling coalition parties in Israel. If it is passed, it would be a major step forward for the crypto industry in Israel.
Here are some additional details about the bill:
The bill would exempt foreigners from capital gains taxes on cryptocurrency profits.
The bill would reduce the current 50% tax on crypto bonuses for employees to 25%.
The bill is still in its early stages and has not yet been approved by the Knesset.
If the bill is passed, it would make Israel one of the most crypto-friendly countries in the world.
What do you think of this bill? Do you think it would make Israel a more attractive destination for foreign investors in cryptocurrency? Let us know in the comments below!
#pepe #crypto2023
$BTC $PEPE
$TRX
US Treasury Denies Cryptocurrency and Terrorist Financing. ⚔️💸
In the ever-evolving landscape of cryptocurrency, recent actions by the U.S. Treasury Department have underscored the predominance of cash, especially the U.S. dollar, in financial activities. The surge in cryptocurrency adoption has prompted responsive measures, raising concerns about its potential impact.
One prominent figure voicing worries is Secretary Janet Yellen, highlighting the volatile nature of stablecoins and their perceived threats to the stability of the U.S. financial system. Yellen urges swift legislative action from the U.S. Congress to enforce regulatory standards in the face of this evolving landscape.
However, the regulatory path remains unclear, with specific outlines undisclosed despite calls for strengthened regulations. U.S. Senator Elizabeth Warren goes a step further, labeling cryptocurrencies as a "threat" to the United States. This sentiment is mirrored in the opposition from the Blockchain Association to a crypto bill introduced by 19 U.S. senators, citing potential threats to domestic markets.
Amidst the regulatory uncertainty, the industry faces challenges to its integrity. Refuting the link between cryptocurrencies and terror financing is a crucial step in restoring faith in the industry, countering the prevailing perception of widespread misuse by malicious actors. Nonetheless, the need for ongoing regulatory standards is emphasized to address escalating risks and prevent further exploitation of the cryptocurrency asset class.
In conclusion, as the cryptocurrency landscape continues to evolve, the industry grapples with regulatory uncertainties and controversies. Striking a balance between innovation and regulation remains a key challenge, and the ongoing dialogue between policymakers, industry players, and regulators will shape the future of cryptocurrencies in the financial ecosystem.
#usa #Hamas #Israel #Yellen #JanetYellen
In the ever-evolving landscape of cryptocurrency, recent actions by the U.S. Treasury Department have underscored the predominance of cash, especially the U.S. dollar, in financial activities. The surge in cryptocurrency adoption has prompted responsive measures, raising concerns about its potential impact.
One prominent figure voicing worries is Secretary Janet Yellen, highlighting the volatile nature of stablecoins and their perceived threats to the stability of the U.S. financial system. Yellen urges swift legislative action from the U.S. Congress to enforce regulatory standards in the face of this evolving landscape.
However, the regulatory path remains unclear, with specific outlines undisclosed despite calls for strengthened regulations. U.S. Senator Elizabeth Warren goes a step further, labeling cryptocurrencies as a "threat" to the United States. This sentiment is mirrored in the opposition from the Blockchain Association to a crypto bill introduced by 19 U.S. senators, citing potential threats to domestic markets.
Amidst the regulatory uncertainty, the industry faces challenges to its integrity. Refuting the link between cryptocurrencies and terror financing is a crucial step in restoring faith in the industry, countering the prevailing perception of widespread misuse by malicious actors. Nonetheless, the need for ongoing regulatory standards is emphasized to address escalating risks and prevent further exploitation of the cryptocurrency asset class.
In conclusion, as the cryptocurrency landscape continues to evolve, the industry grapples with regulatory uncertainties and controversies. Striking a balance between innovation and regulation remains a key challenge, and the ongoing dialogue between policymakers, industry players, and regulators will shape the future of cryptocurrencies in the financial ecosystem.
#usa #Hamas #Israel #Yellen #JanetYellen
🚨😱How War Affect The Crypto Market🩸🩸❓️
👉Wars or geopolitical tensions among major countries can impact crypto prices for several reasons:🚩🚩
⏭️1. **Uncertainty and Risk Aversion:** Investors tend to seek safer assets during times of uncertainty or conflict. This can lead to a flight to safety, with some investors moving their funds out of riskier assets like stocks and cryptocurrencies and into traditional safe-haven assets like gold or fiat currencies. As a result, demand for cryptocurrencies may decrease, causing their prices to drop.
⏭️2. **Global Economic Impact:** Wars or geopolitical tensions can disrupt global trade, supply chains, and economic stability. This can lead to fears of recession or economic downturn, which may affect investor sentiment and decrease demand for cryptocurrencies as people become more cautious with their investments.
⏭️3. **Regulatory Concerns:** During times of heightened tension, governments may introduce stricter regulations or crackdowns on cryptocurrencies as part of broader measures to safeguard their financial systems or control capital flows. This regulatory uncertainty can lead to sell-offs and price volatility in the crypto market.
⏭️4. **Market Sentiment:** Geopolitical events can also influence overall market sentiment, which can in turn affect crypto prices. If investors perceive a geopolitical event as bullish for cryptocurrencies, such as increased interest in decentralized assets due to concerns about government control or censorship, it could lead to an increase in demand and prices.
Overall, while cryptocurrencies are often touted as decentralized and immune to traditional market influences, they are still part of the global financial ecosystem and can be affected by broader geopolitical factors.
#BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins #Israel
👉Wars or geopolitical tensions among major countries can impact crypto prices for several reasons:🚩🚩
⏭️1. **Uncertainty and Risk Aversion:** Investors tend to seek safer assets during times of uncertainty or conflict. This can lead to a flight to safety, with some investors moving their funds out of riskier assets like stocks and cryptocurrencies and into traditional safe-haven assets like gold or fiat currencies. As a result, demand for cryptocurrencies may decrease, causing their prices to drop.
⏭️2. **Global Economic Impact:** Wars or geopolitical tensions can disrupt global trade, supply chains, and economic stability. This can lead to fears of recession or economic downturn, which may affect investor sentiment and decrease demand for cryptocurrencies as people become more cautious with their investments.
⏭️3. **Regulatory Concerns:** During times of heightened tension, governments may introduce stricter regulations or crackdowns on cryptocurrencies as part of broader measures to safeguard their financial systems or control capital flows. This regulatory uncertainty can lead to sell-offs and price volatility in the crypto market.
⏭️4. **Market Sentiment:** Geopolitical events can also influence overall market sentiment, which can in turn affect crypto prices. If investors perceive a geopolitical event as bullish for cryptocurrencies, such as increased interest in decentralized assets due to concerns about government control or censorship, it could lead to an increase in demand and prices.
Overall, while cryptocurrencies are often touted as decentralized and immune to traditional market influences, they are still part of the global financial ecosystem and can be affected by broader geopolitical factors.
#BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins #Israel
