Hamas Received $41M In Crypto Donations Over 3 Years, Israel Moves To Seize Wallets
Portfolio Pulse from Mehab Qureshi
Hamas has reportedly received $41 million in cryptocurrency donations between August 2021 and June 2023, according to blockchain analytics platform Elliptic. The transactions were traced back to the cryptocurrency platform Binance. Israel has taken action against cryptocurrency accounts associated with Hamas. Bitcoin was trading at $26,837.77, down 0.85% in the last 24 hours.
October 12, 2023 | 4:25 am
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NEGATIVE IMPACT
Bitcoin's price may be affected by the news of its use in financing groups like Hamas, and the subsequent actions taken by Israel against associated accounts.
The news highlights the use of Bitcoin in financing groups operating outside the U.S.-controlled global financial system. This could lead to increased regulatory scrutiny and potential actions against Bitcoin, which could negatively impact its price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75