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Israel Could Let Businesses Raise Funds by Issuing Digital Tokens

  • Alex Morris
    📰 News

    Israel wants to capitalize on a spiking interest in security token offerings (STO)


Israel Could Let Businesses Raise Funds by Issuing Digital Tokens
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The Israel Securities Authority (ISA) is proposing to create a platform for trading security token offerings (STOs), Reuters reports. By turning to the burgeoning financial sector, the regulatory watchdog wants to lure in more investors.

👉MUST READ Crypto Asset Regulation Getting Serious in Israel
Crypto Asset Regulation Getting Serious in Israel

Attracting more capital

The number of publicly traded companies has declined over the last 10 years. In order to tackle this problem, Tel Aviv wants to allow companies to raise capital by issuing digital tokens.


According to ISA Chair Anat Guetta, the 2018 cryptocurrency market crash didn't take its toll on the underlying technology, Blockchain.

Ensuring investor protection

While the nascent technology holds a lot of promise, it's also crucial to make sure that investors are safe. The loosely regulated ICO market proved that a lot of homework had to be done when it comes to taming the ‘Wild West’ of cryptocurrencies.

ISA is mulling over applying securities laws to digital assets. Companies that are willing to issue digital assets will be put under intense scrutiny with ‘unique’ disclosure requirements.

Everything will be tokenized

Israel is not the first country to jump on the tokenization bandwagon — the UK and Australia are currently working on similar platforms.

As reported by U.Today, cryptocurrency unicorn Circle completed the acquisition of crowdfunding startup SeedInvest to focus on tokenization. Meanwhile, recently launched exchanges, such as Estonia-based DX.Exchange, allow purchasing the shares of US tech behemoths in the form of digital assets.

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

Cover image via 123rf.com
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