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Discredited Crypto Terrorist Funding Figures Gain Fresh Life in House Hearing
2.11.2023
Despite a raging online debate discrediting the scale of crypto support for terrorist groups, the story continues to resonate in important places. Most recently on Thursday, the ranking Democrat at a hearing in the U.S. House of Representatives quoted a figure of $130 million in digital assets...
Tether issues $610M debt financing to Bitcoin miner Northern Data
2.11.2023
In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives
Northern Data Secures $610 Million Debt Financing from Tether as New ASIC Technology Makes Mining Profitable Again
2.11.2023
Northern Data AG, Europe’s largest Bitcoin mining company, has secured a debt financing facility of around $610 million from a company within the Tether Group amid advancements in ASIC technology that have made mining profitable again. The loan agreement, which has a term until January...
Turkey Aims to Leave FATF Grey List with Proposed Crypto Asset Legislation
1.11.2023
Turkey is taking steps to toughen its crypto regulations in an effort to convince the Financial Action Task Force (FATF), an international financial crime watchdog, to remove it from the “grey list” of countries that have not done enough to combat money laundering and terrorist...
Pro-Bitcoin Senator Lummis Explains Why Crypto Is Not The Problem On Terrorist Financing
1.11.2023
U.S. Senator Cynthia Lummis (R-WY) corrected the record on crypto and terror financing on Tuesday after calling for crackdowns on crypto firms supporting sanctioned groups just days earlier. In a post to Twitter, the Bitcoin-supportive politician highlighted how crypto’s share of illicit...
Japanese Government Sanctions Crypto Exchange Linked to Hamas
31.10.2023
The Japanese government has taken action to freeze the assets of nine Hamas operatives and a cryptocurrency trading company that were involved in financing the terrorist organization. This decision was reached during a cabinet meeting on the 31st October, Yonhap News reported. Governments Sanction...
Terrorism Funding Claims Contradicted by Lack of Evidence for Substantial Crypto Donations to Hamas
27.10.2023
Blockchain analytics company Elliptic refuted claims on Wednesday that Hamas received millions in crypto donations in the months leading up to its attack on Israel earlier this month. Elliptic stated in a blog post that there is “no evidence to support the assertion that Hamas has received...
UK Lawmakers Roll Out Legislation to Seize Cryptocurrencies Used for Illegal Purposes
26.10.2023
The UK Parliament has passed a bill that allows law enforcement authorities to seize cryptocurrencies associated with illicit activities. This includes investment scams, hacks, terrorism financing, money laundering, and drug trafficking. Per an official announcement on its website, the new bill...
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
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....
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...
Sen. Warren and 100 Other Lawmakers Question Biden on Terrorist Financing with Crypto
18.10.2023
Senator Elizabeth Warren (D-Mass.) has called on the Biden administration to address crypto's use as a terrorist financing tool. Her concerns were documented in a bipartisan letter signed by over 100 lawmakers, including Sen. Roger Marshall (R-Kan) and Rep. Sean Casten (D-Ill).
According to...
Sen. Warren, 100+ legislators write White House, Treasury about crypto and terrorism
18.10.2023
The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now
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
Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution
17.10.2023
More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.
Per Xinhua (via the People’s Daily), the Agricultural Bank of China will work on a solution with Luzhou Laojiao.
The latter is a traditional alcohol...
Israeli Authorities Order to Seize Millions in Crypto Linked to Hamas
17.10.2023
Israeli law enforcement authorities have ordered a freeze on hundreds of cryptocurrency accounts and seized millions of dollars' worth of crypto in order to block the flow of funds to Hamas, Financial Times reported.
The crackdown primarily targets cryptocurrency accounts on Binance, the world's...
Tether Freezes 32 Suspicious Addresses Linked to Ukraine and Israel Conflicts
16.10.2023
On Monday, Tether, the leading stablecoin issuer, revealed it had frozen 32 addresses allegedly linked to activities involving war, terrorism, and crime. These USDT accounts are said to have ties to suspicious operations in Israel and Ukraine. The firm further disclosed that it is actively...
Hamas Received $41 Million in Crypto in Lead Up to Attack on Israel
11.10.2023
Investigations based on Israeli government seizure orders and blockchain analytics have indicated that Hamas, along with other militant groups such as Palestinian Islamic Jihad (PIJ) and Hezbollah, received millions of dollars in crypto funding in the lead-up to the attack on Israel....
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Treasury Sanctions Ethereum Wallet Used by Sinaloa Cartel to Launder Fentanyl Financing
26.9.2023
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly...