Over 100 lawmakers in the United States are urging the Biden administration to clarify its efforts in combatting global terrorist financing through cryptocurrencies. This comes after reports that Hamas, the Islamist organization responsible for recent attacks on Israeli civilians, has raised millions of dollars using crypto over the past two years. Lawmakers allege that between […]
The Inspector General’s Office (OIG) of the Federal Deposit Insurance Corporation (FDIC) has released an evaluation report on the corporation’s strategy for managing crypto asset risks. The FDIC adopted a “bottom up” approach to understanding and addressing these risks, which involves assessing supervised institutions’ crypto activities and providing guidance on a case-by-case basis. As of […]
The courtroom drama surrounding FTX founder and former CSam Bankman-Fried (SBF) has all the makings of a captivating Netflix series. With a cast of shady characters and a plot that thickens with each passing day, it’s a story that keeps audiences on the edge of their seats.However, when it comes to proving his innocence, SBF’s […]
The European Central Bank (ECB) has announced that it will begin the “preparation phase” for the digital euro project after a two-year investigation. This move comes after the ECB released a report on the potential design and distribution of a digital euro. The preparation phase will last for two years and will focus on finalizing […]
The European Central Bank (ECB) has announced that its project to develop a digital form of the euro is progressing to the preparation phase. The ECB aims to prepare the currency for the future, although a final decision on issuing a digital euro has not yet been made. The preparation phase will involve finalizing the […]
Russian President Vladimir Putin has praised China’s Belt and Road infrastructure project, which aims to challenge the US-led global order. Putin’s comments came during his attendance at the Third Belt and Road Forum for International Cooperation in Beijing. The project, launched by Chinese President Xi Jinping in 2013, celebrates its 10th anniversary. Putin aligned himself […]
Top global crypto exchange Binance has reportedly closed over 100 accounts in response to Hamas’ recent attack on Israel. Israeli law enforcement agencies ordered the closures and seized millions worth of crypto in an effort to cut funding to the Palestinian Islamist group. Hamas had previously urged its supporters to send Bitcoin to evade US […]
The European Central Bank (ECB) has announced its plans to develop a central bank digital currency (CBDC) for the eurozone. ECB President Christine Lagarde stated on Twitter that they are preparing the currency for the future, although a final decision on issuing a digital euro has not been made yet. The digital euro is designed […]
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has imposed sanctions on a cryptocurrency operator allegedly linked to the terrorist group Hamas. The move comes after Hamas carried out an attack on Israel, resulting in multiple casualties. OFAC added a Gaza-based virtual currency exchange and its operator to […]
Recent reports have revealed that Hamas, the militant group controlling the Gaza Strip, has been using cryptocurrencies to fund its operations in Israel. This allows them to bypass international sanctions imposed by the West. In response, Israeli authorities have confiscated several wallet addresses believed to be owned by Hamas. The conflict between Israel and Hamas […]
