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CTech's Tuesday Roundup of Israeli Tech News

CTech's Tuesday Roundup of Israeli Tech News

No steel and aluminum tariff exemptions for Israel under Trump administration. Israeli crypto startup Bancor loses $13.5 million to hacking

CTech  :  2018-07-10T16:47:39..
No steel and aluminum tariff exemptions for Israel under Trump administration. Israel has failed to secure an exemption from the 25% steel and 10% aluminum tariffs recently imposed by the U.S., according to a Monday post by the Manufacturers Association of Israel. The decision has the potential to deal a significant blow to the Israeli metal industry, as the U.S. is Israel's largest goods export market. Read more

Cybersecurity (illustration). Photo: BigStock Cybersecurity (illustration). Photo: BigStock Cybersecurity (illustration). Photo: BigStock

Israeli crypto startup Bancor loses $13.5 million to hacking. Bancor reported the incident in a tweet on Monday. Digital coins valued at $23.5 million were stolen, with Bancor eventually retrieving $10 million worth of its own coin, BNT. Read more

Compass buys San Francisco brokerage firm Paragon as part of Bay Area expansion. Compass develops a digital portal for buying, selling, and renting real estate, and was recently ranked sixth largest real estate group in the U.S. by the Real Trends website. Read more

Small-time Israeli real estate investors see golden opportunity in Greek market. Priced out of the domestic real estate market, budding Israeli investors are looking to Greece, where a lengthy recession and a dire need for foreign money has caused property prices to plummet. Read more

News Briefs

FIMI Opportunity Funds forks over $40 million for 50% of BIRD Aerosystems. Read more

Oral insulin capsule developer Oramed raises $18 million in direct offering. Read more

Paid carpooling will not require special insurance in Israel. Read more

Palo Alto Networks looking to raise $1.5 billion in bonds. Read more  
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