Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- The Lahav 433 cyber unit of the Israel Police has frozen cryptocurrency accounts associated with Hamas.
- Crypto Aid Israel has declared its intention to accept contributions in various cryptocurrencies.
On Monday, cryptocurrency values declined alongside global stock markets and rising oil prices amid renewed tensions in the Middle East. The conflict between Israel and Hamas has now extended into its third day. Oil prices appeared to be influenced by traders’ concerns that the conflict could disrupt supplies if it escalates to involve neighboring countries such as Iran.
According to Santiment, discussions surrounding the conflict are increasing among community members. While the situation has not yet significantly impacted the cryptocurrency market, further escalation could lead to increased price volatility.
Action Against Hamas Crypto Accounts
Related Posts
The Lahav 433 cyber unit of the Israel Police has announced that it has frozen cryptocurrency accounts linked to Hamas. A spokesperson for the police indicated that Hamas has been using social media platforms to request donations since Saturday. To address the use of cryptocurrencies by terrorist organizations, Lahav 433 works in conjunction with the Defense Ministry, Shin Bet, and other intelligence agencies.
Lahav 433 has partnered with UK law enforcement to freeze a Barclays bank account. On Monday, members of the Israeli crypto and web3 communities introduced Crypto Aid Israel to raise funds for Israelis who have been displaced and require urgent assistance since the onset of hostilities with Hamas.
Crypto Aid Israel has stated that it will accept donations in a variety of cryptocurrencies, including bitcoin, ether, and stablecoins USDT and USDC, through a multi-signature wallet that will be jointly managed by multiple parties.
The transfer of these cryptocurrency donations has been supported by several Israeli institutions and authorities. An insider involved in the initiative noted that, for the first time, these institutions will act as a channel for transferring crypto assets to conventional financial entities.
Highlighted Crypto News Today:
UK Issues Warning to List of Crypto Exchanges; Eyes Enforcing Regulations
