FINANCIAL SERVICES

INX's $130 million offering is classified by the SEC as an IPO, and its INX Tokens will be recognized as a security.

The first half results of Israel's credit card companies show the effect of becoming competitors rather than extensions of the banks.

A freedom of information petition has been filed demanding that the banks reveal their  policies on accounts for proceeds of cryptocurrency trading.

IMF executive Anthony De Lannoy, in Israel for Cyber Week, sees the time coming when the rest of Israel's population will refuse to finance social benefits for non-working haredim.

Altshuler Shaham Provident Funds and Pension Ltd. has recorded the second most successful flotation after the TASE itself.

Bank Hapoalim saw second quarter profit fall after selling Isracard and closing international private banking operations.

The bank will distribute a dividend of 15% of the net profit.

The Bank will distribute a dividend of 40% of its net profit in the second quarter of 2019, totaling NIS 369 million.

Sources close to the company said that price for the deal was between $20 million and $30 million.

Eighteen months after raising $19 million in an ICO, Israeli startup Colu is closing its blockchain project to focus on its City Currency activity.

In the second quarter, Mizrahi Tefahot Bank posted substantial rises in both revenue and profit in comparison with the corresponding quarter of 2018.

Mobileye founder Shashua has taken a 4.99% stake in the bank, which is in the process of obtaining a license from the Bank of Israel.

Barak Capital and Leader Underwriters have made an offer to Eduardo Elsztain's IDB Development on behalf of private investors and institutions worth NIS 630 million.

Phoenix Excellence chief economist Amir Kahanovich believes interest rates will stay low for years to come and real estate prices could rise significantly.

Daniel Heyman and Dror Avieli of ConsenSys, the world's largest blockchain concern, map the future of its Ethereum technology.