Government Policies and Cryptocurrency Adoption 53

Israeli Authorities Freeze Cryptocurrency Accounts Linked to Hamas in Collaboration with Binance

Israeli authorities have collaborated with cryptocurrency exchange Binance to freeze several cryptocurrency accounts allegedly linked to the Palestinian militant group Hamas. This action is part of a global trend towards monitoring and regulating digital currencies to prevent their misuse for illicit activities. Hamas has been using cryptocurrencies to finance its activities as traditional financial channels […]

Binance Assists Israeli Authorities in Freezing Hamas-Linked Crypto Accounts

Crypto exchange Binance has assisted Israeli authorities in freezing crypto accounts linked to the Palestinian militant group Hamas, according to the Israel Police. Binance worked with the police’s cyber unit and other intelligence agencies to identify and freeze Hamas’ crypto accounts, which were being used for crowdfunding donations through social media campaigns. This is not […]

Uncertainty Surrounding House Speaker Delays Crypto Legislation

At present, the legislative branch of the US federal government is facing a significant challenge as the Speaker of the House of Representatives, Kevin McCarthy, has been ousted following a vote. This has resulted in a state of paralysis within the government body, as it is the first time in US history that the office […]

Hong Kong Police Warn Binance Users of Text Message Phishing Scam

The Hong Kong Police Force has issued a warning after 11 customers of cryptocurrency exchange Binance fell victim to text message phishing scams. The fraudsters posed as Binance and sent malicious messages to users, convincing them to click on a link to verify their identity details. Unfortunately, by doing so, the users unknowingly gave the […]

Founder of Chinese Giant Maike Metals International Arrested in Latest Crackdown by President Xi Jinping

He Jinbi, the founder of Chinese company Maike Metals International, has been arrested by Chinese authorities. This comes as part of President Xi Jinping’s ongoing crackdown on founders and executives of large firms. Maike Metals International, once China’s largest copper importer, has faced a liquidity crisis and filed for preliminary restructuring earlier this year. The […]

FCA Places Restrictions on Binance’s UK Partner Rebuildingsociety for Noncompliance

The Financial Conduct Authority (FCA) in the UK has imposed restrictions on Rebuildingsociety, a peer-to-peer lending platform that partnered with cryptocurrency exchange Binance to comply with the FCA’s marketing regulations. The FCA stated that Rebuildingsociety was not authorized to approve the content of any financial promotion for a Qualifying Cryptoasset by an unauthorised person and […]

Binance Freezes Crypto Accounts Linked to Hamas Militants at Request of Israeli Law Enforcement

Crypto exchange Binance has complied with requests from Israeli law enforcement to freeze accounts linked to Hamas militants. The freeze specifically targets Hamas and not the people of Palestine, according to Yi He, co-founder of Binance. He explained that Hamas is designated as a terrorist organization by the United Nations, and therefore, banks and trading […]

Crypto Community in Israel Launches Humanitarian Campaign for Displaced Israelis

A collective of companies and leaders in the Web3 space in Israel have launched a crypto humanitarian campaign called “Crypto Aid Israel.” The campaign aims to raise funds to provide essential supplies for displaced and affected Israelis, including food, shelter, hygiene, and medical products. Donations can be made in multiple cryptocurrencies through a multisig wallet, […]

Israeli Authorities Freeze Hamas Cryptocurrency Funding, Redirect Funds to State Treasury

Israeli authorities have reportedly frozen cryptocurrency accounts belonging to the Hamas group with the help of Binance. The funds seized from these accounts have been transferred to the state treasury, although the exact amount has not been disclosed. This is not the first time Israeli authorities have taken action against Hamas-related crypto accounts, as they […]

Saudi-Chinese Collaboration Creates Arabic-Focused AI System

The King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has partnered with two Chinese universities to develop an Arabic-focused artificial intelligence (AI) system. The system, called AceGPT, is a large language model designed to function as an AI assistant for Arabic speakers. It was built on Meta’s LlaMA2 and launched by a […]