‼️ In addition to negative impacts, the war may also have positive consequences for the cryptocurrency market. For example, it could lead to an increase in demand for cryptocurrencies as a hedge against inflation. The war could lead to an increase in the number of cryptocurrency users in developing countries, who could use them to protect their savings from currency depreciation.
For example, if war leads to higher inflation in Israel and Palestine, this could lead to increased demand for bitcoin as a hedge against depreciation.

#Hamas #war #BTC🔥🔥 #CryptoEcosystems

Breaking: Reuters Reports Hamas Actively Using Cryptocurrencies to Evade International Sanctions.
#WebGTR #Hamas #cryptocurrency #DeFiChallenge #BinanceSquare

Breaking News-
#Hamas Received $41M In #CryptoDonations Over 3 Years, Israel Moves To Seize Wallets Hamas earned a remarkable $41 million in bitcoin donations between August 2021 and June 2023, according to Elliptic, a #blockchain analytics company, according to the Wall Street Journal.
The information was provided by the forensics business Elliptic and the Tel Aviv software firm #BitOK , and it indicated the rising fear that cryptocurrencies are being utilised as a source of funding for organisations and countries that operate outside the U.S.-controlled international banking system.
Yoav Gallant, the Israeli defence minister, stated in a Wall Street Journal interview that solving this problem would not be simple, saying, "This is not an easy task."

⚠️⚠️ THIS IS NOT A FINANCIAL ADVICE ALWAYS #DYOR

Tron Network Emerges as a Preferred Choice for Terrorist Financing Amidst Ongoing Conflict. ☠️🕵🏼‍♀️

In the backdrop of the Israel-Palestine conflict and the recent surge in attacks, a new and concerning trend has come to light. Terrorist organizations, including Hamas and Hezbollah, are increasingly utilizing the Tron network for crypto transfers, according to a Reuters report and insights from financial crime experts.

Tron Surpasses Bitcoin:

Tron has surpassed Bitcoin as the platform of choice for crypto transfers linked to designated terrorist organizations by Israel, the United States, and other countries.

Crypto Seizures in Israel:

The Israeli National Bureau for Counter Terror Financing (NBCTF) froze 143 Tron wallets suspected of links to terrorist organizations between July 2021 and October 2023, marking a shift from targeting Bitcoin wallets.

Favoring Tron for Speed and Stability:

Terrorist groups are drawn to Tron due to its faster transaction speed, lower fees, and enhanced stability compared to Bitcoin, as stated by Mriganka Pattnaik, CEO of Merkle Science.

NBCTF Actions:

Israel seized 87 blockchain coin wallets this year, with 56 Tron wallets linked to Hamas and 26 to Palestinian Islamic Jihad.

Hamas and Crypto:

While Hamas discontinued Bitcoin fundraising, it made no mention of Tron. Tron has become a preferred choice for terrorist financing, with connections reaching back to at least 2019.

Iran's Previous Use:

Prior to this, Iran reportedly used Tron to bypass US sanctions, facilitating $8 billion in transactions between 2018 and 2022.

Response from Tron:

Tron's rep, Hayward Wong, notes any tech can be used for "questionable activities," likening it to USD in money laundering. Tron denies influence over users and disassociation from entities mentioned by Israel.

Comparison with Bitcoin:

In contrast to Tron, Bitcoin seizures in Israel have been rare, with only 30 Bitcoin wallets frozen in 2021, according to NBCTF announcements.

#Tron #Israel #Palestine #Hamas #NBCTF

US Treasury Denies Cryptocurrency and Terrorist Financing. ⚔️💸

In the ever-evolving landscape of cryptocurrency, recent actions by the U.S. Treasury Department have underscored the predominance of cash, especially the U.S. dollar, in financial activities. The surge in cryptocurrency adoption has prompted responsive measures, raising concerns about its potential impact.

One prominent figure voicing worries is Secretary Janet Yellen, highlighting the volatile nature of stablecoins and their perceived threats to the stability of the U.S. financial system. Yellen urges swift legislative action from the U.S. Congress to enforce regulatory standards in the face of this evolving landscape.

However, the regulatory path remains unclear, with specific outlines undisclosed despite calls for strengthened regulations. U.S. Senator Elizabeth Warren goes a step further, labeling cryptocurrencies as a "threat" to the United States. This sentiment is mirrored in the opposition from the Blockchain Association to a crypto bill introduced by 19 U.S. senators, citing potential threats to domestic markets.

Amidst the regulatory uncertainty, the industry faces challenges to its integrity. Refuting the link between cryptocurrencies and terror financing is a crucial step in restoring faith in the industry, countering the prevailing perception of widespread misuse by malicious actors. Nonetheless, the need for ongoing regulatory standards is emphasized to address escalating risks and prevent further exploitation of the cryptocurrency asset class.

In conclusion, as the cryptocurrency landscape continues to evolve, the industry grapples with regulatory uncertainties and controversies. Striking a balance between innovation and regulation remains a key challenge, and the ongoing dialogue between policymakers, industry players, and regulators will shape the future of cryptocurrencies in the financial ecosystem.

#usa #Hamas #Israel #Yellen #JanetYellen

Dimon of JPM highlights global financial concerns👀
"The may be the most dangerous time the world has seen in decades."
  - Jamie Dimon, Friday October 13, 2023
We began the Friday NY session with the above premonition from JPM's Jamie Dimon despite reporting an earnings beat, as the veteran CEO pointed to:
1.dwindling consumer cash buffers
2.persistently tight labour markets
3.elevated inflation pressures extreme levels of govt debt
4.largest peacetime fiscal deficits
5.unknown long-term impacts of QT
6.supply-chain impacts from geopolitical tension
as a long-list of reasons of why he believes that the world is heading into choppy waters in the foreseeable future.
Markets ended the week in the same manner we began, worrying about the kinetic conflicts between Israel and Hamas, which has had little impact on asset prices so far, but is certainly in danger of taking a turn for the worse on escalating urban warfare. Gold surged by 3.5% on Friday with a corresponding spike in vol to 5 month highs, oil spiked by 6%, treasury yields fell by ~6bp, and US stocks closed around 0.5-1% weaker despite a promising start to the earnings season.
#JPM #GeopoliticalTension #macro #Israel #Hamas

Breaking News-
#Hamas Received $41M In #CryptoDonations Over 3 Years, Israel Moves To Seize Wallets
Hamas earned a remarkable $41 million in bitcoin donations between August 2021 and June 2023, according to Elliptic, a #blockchain analytics company, according to the Wall Street Journal.
The information was provided by the forensics business Elliptic and the Tel Aviv software firm #BitOK, and it indicated the rising fear that cryptocurrencies are being utilised as a source of funding for organisations and countries that operate outside the U.S.-controlled international banking system.
Yoav Gallant, the Israeli defence minister, stated in a Wall Street Journal interview that solving this problem would not be simple, saying, "This is not an easy task."