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U.S. Senate's Banking Chairman Says Panel to 'Crack Down' on Crypto's Terrorism Ties
26.10.2023
U.S. Sen. Sherrod Brown (D-Ohio) has said the Senate Banking Committee will "crack down on the use of crypto to fund terrorism and evade sanctions" at a time when the U.S. must stand with both Ukraine and Israel as they fight back against Russian President Vladimir Putin and Iranian-backed...
Media Reported Hamas Got Millions Via Crypto, but the Data Provider They Cited Says It Was Misconstrued
26.10.2023
After Hamas' deadly attacks in Israel, media reports linked the terrorist group with tens of millions in crypto donations, but that data was misinterpreted and hugely exaggerated, according to the blockchain analytical firm that was cited
Blockchain Forensics Firm Elliptic Challenges Reports on Crypto’s Role in Terrorism Funding
26.10.2023
Recent reports suggesting that crypto has played a significant role in terrorism funding have been debunked by blockchain forensics firm Elliptic. According to a report by Elliptic published this week, the transparency and traceability of the blockchain make it challenging for terrorist groups like...
Crypto donations raised by Hamas ‘remain tiny,’ says Elliptic
26.10.2023
Elliptic’s statement was framed as a rebuttal to recent articles and letters circulating among the media and U.S. lawmakers this month
Elizabeth Warren uses Hamas as her newest scapegoat in war on crypto
25.10.2023
Massachusetts Sen. Elizabeth Warren is taking advantage sensationalist claims related to Hamas' use of crypto. Unfortunately, those claims are largely false
U.S. Lawmakers Press Biden Administration to Address Hamas' Crypto Funding
23.10.2023
The U.S. government is tightening trade restrictions on Hamas-related to entities as Congress presses the Biden administration to do more about the terrorist group’s sources of crypto funding.
On October 17, over 100 senators petitioned U.S. Treasury and White House officials highlighting...
FinCEN issues alert regarding crypto transactions connected to Hamas
20.10.2023
The government department warned virtual asset service providers and other financial institutions to “identify and report suspicious transactions” related to terrorist groups
Coinbase: ‘Overwhelming Majority’ of Terror-Related Funding Still Funneled via Traditional Financial Systems
20.10.2023
According to Coinbase, an overwhelming majority of terror-related funding is still done via traditional financial systems. The crypto exchange suggested that terrorist organizations that do receive crypto funding normally use “offshore entities” when attempting liquidate such digital...
Crypto’s Role in Terrorism Financing Overestimated, Chainalysis Shows
20.10.2023
Inaccurate methodologies have resulted in overstated metrics about the use of cryptocurrency by terror groups fighting Israel, according to Chainalysis. The analytics company has tried to “correct the record” on crypto’s role in terrorism financing amid ongoing hostilities in the Middle East....
Hamas Crypto Funding Likely ‘Overstated’ – Chainalysis
19.10.2023
Reports of many millions going to Hamas and other groups are based on faulty analysis, the forensics firm said
Chainalysis Highlights Flawed Analysis in Assessing Crypto's Role in Terror Financing
19.10.2023
Blockchain analytics firm Chainalysis has raised concerns over the accuracy of recent reports regarding the extent of cryptocurrency's role in terrorist financing.
Following the recent Hamas attack in Israel, there has been increased scrutiny of how terrorist groups might be utilizing...
US Treasury Imposes Sanctions on Crypto Exchange Linked to Hamas Financing
19.10.2023
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on a crypto exchange in Gaza that is involved in Hamas fundraising.
The targeted exchange, known as Buy Cash, operates from Gaza and is alleged to have played a role in facilitating terror...
Senator Warren Demands Action Against Crypto-Funded Terrorism Following Hamas Attacks
18.10.2023
In a move paralleling heightened crypto regulatory urgency in the country, Senator Elizabeth Warren led a bipartisan group of 102 lawmakers in sending a letter to U.S. security officials on Tuesday.
Simultaneously, the Department of the Treasury announced today new sanctions against entities...
US Treasury sanctions Gaza-based crypto operator allegedly tied to Hamas
18.10.2023
According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds
U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism
18.10.2023
U.S. Sen. Elizabeth Warren (D-Mass.) led more than a hundred lawmakers in demanding top officials share their plans for heading off crypto-financed terrorism
U.S. Treasury Targets Gaza Crypto Business in Sanctions to Squeeze Hamas
18.10.2023
The Treasury Department issued a list of sanctions that included a business providing money transfers and digital assets exchange services in Gaza
Coinbase Lobbying Strategy Faces Hurdles Following Hamas Crypto Use: Berenberg
18.10.2023
Financial analysts at Berenberg view recent reports of Hamas crypto donations as a major stumbling block to the pace of positive crypto regulations globally.
In an Oct 18 research document, the wealth manager stated that Coinbase's intense digital asset lobbying efforts in the United States might...
Coinbase lobbying efforts face setback from Hamas’ crypto use: Berenberg analysts
18.10.2023
Reports of Hamas using crypto to fund recent attacks in Israel could make Coinbase’s lobbying efforts more difficult, says Berenberg lead analyst Mark Palmer
Blackrock CEO Larry Fink Sees Global Demand and ‘Pent-up Interest in Crypto’ Amid Israel-Hamas War
18.10.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, sees the recent bitcoin rally as “an example of the pent-up interest in crypto.” Noting that as the Israel-Hamas war rages on, more people will be running to bitcoin as “a flight to quality,” the executive...
Israel Freezes 100 Binance Accounts Over Suspected Hamas Links: FT
17.10.2023
Authorities requested information on some 200 other crypto accounts, the FT said, citing people familiar with the matter