Live Update 
From the Liveblog of
Wednesday, February 7, 2018
From the Liveblog of
Wednesday, February 7, 2018
Israel’s diamond exchange launching cryptocurrency
Add ToI as a Preferred Source on GoogleIsrael’s Diamond Exchange, one of the three largest worldwide, is launching cryptocurrency in what it said Wednesday is a bid to increase trade and make transactions more efficient and transparent.
The cryptocurrency, to be called Carat, is expected to hit the market around May and will be used by investors and the general public.
A separate one, called Cut, is being launched this week for use between dealers in a market that has often been opaque.
Blockchain technology — essentially a digitized ledger — will be used for the cryptocurrencies.
— AFP
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