Cryptocurrency Analysis and News Portal
To obscure the money trail, the exchanges often changed the wallet addresses they used each day, and sent funds through mixers, Israeli officials said.”Intelligence chiefs say hawala networks – informal remittance systems – have funneled millions of dollars from Iran to Hamas’s military wing and that the wallets identified and
Read More
The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in public. The DSS is still seeking to apprehend Emefiele despite losing its bid to have a Nigerian court
Read More
Terrorist groups who have been excluded from the “formal financial system” have turned to crypto to fund their heinous activities, according to Svetlana Martynova, the Countering Financing of Terrorism Coordinator at the United Nations (UN). The UN official made the comments during a speech at a “Special Meeting” run by the
Read More
On Monday, two Democratic Representatives asked the Trump administration to provide more information on cryptocurrency recently seized from terrorists.According to an Aug. 26 report by The Hill, the request is related to the millions of dollars in crypto assets that the U.S. Department of Justice seized from several terror organizations.
Read More
Recent private monitors online have discovered that the Islamic State of Iraq and Syria (ISIS) terrorist organization has been using the messaging app BCM that is developed with blockchain technology to communicate with its members while remaining undetected by the authorities.The nature of blockchain technology can also allow the terrorist
Read More
The Australian Minister of Home Affairs Peter Dutton warned that terrorists are exploiting cryptocurrencies to “fund their deadly missions.”During a counter-terror conference in Melbourne on Nov. 7, Dutton said that the anonymity of cryptocurrencies allow extremists to avoid scrutiny. He stated that the increased use of digital currencies, stored-value
Read More
While delivering a speech to the Annual International Conference on Counterterrorism, a U.S. Treasury official reaffirmed the U.S. government stand on crypto. The Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker stated that this new class of digital assets could be the next frontier in funding
Read More
A first of its kind 250-page report by Middle East Media Research Institute (MEMRI) revealed how cryptocurrency is being used to operationalize terrorism around the globe by supporting the fighters, their families, purchasing equipment.The report was published at a critical time when the Financial Action Task Force, under the wing
Read More
The Takeaway: Experts say Hamas is now using bitcoin for cross-border fundraising at an unprecedented rate. Still, even the largest estimates of terror financing in the region are apparently dwarfed by civilian bitcoin usage in the Gaza Strip, local
Read More