Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi has inaugurated the RAK Digital Assets Oasis (RAK DAO), an economic free zone aimed at supporting companies involved in digital assets, blockchain, Web3, and artificial intelligence (AI). The free zone will cater to service providers in emerging technologies such as the metaverse, blockchain, utility tokens, […]
Tether, the leading stablecoin company, has announced that it has frozen 32 addresses containing $873,118 that are believed to be connected to illegal activities in Ukraine and Israel. This move is part of Tether’s ongoing efforts to combat cybercrime and ensure that digital assets are not used for illegal purposes. The company has worked closely […]
In the midst of escalating tensions between Israel and Hamas, a bipartisan group of over 100 legislators, led by Senators Elizabeth Warren and Roger Marshall and Representative Sean Casten, have issued a note urging the Biden administration to address the alleged close relations between cryptocurrency and terrorism. The lawmakers express concern over reports suggesting that […]
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 […]
Senator Elizabeth Warren and over 100 lawmakers have signed a letter urging the White House to address the role of digital assets in financing terrorism. The letter, dated October 17, was sent to Treasury Under Secretary Brian Nelson and National Security Adviser Jake Sullivan. It referenced a news article claiming that Palestinian militant groups had […]
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 U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Gaza-based crypto broker Buy Cash Money and Money Transfer Company (Buy Cash) and its operator, Ahmed M. M. Alaqad, for facilitating crypto transactions for Hamas. Buy Cash, which has ties to terrorist groups, offers money transfer and cryptocurrency exchange services, including […]
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 […]
SYS Labs, a Web3 product suite powered by Syscoin, has announced the next phase of Rollux, an innovative EVM Layer-2 solution. Rollux aims to optimize the performance of Ethereum network applications by harnessing the strength of Bitcoin. In its Phase 2 rollout, Rollux introduces a full suite of DeFi tools, including a ZK-lite client, cross-chain […]
