New breaking news are reported by many best cryptocurrency news sites, showing that Bitcoin could have played a major role in staging the bloody Easter Sunday and the suicide bombings in Sri Lanka which killed 253 civilians. According to the Israeli blockchain intelligence firm Whitestream, ISIS used Bitcoin to fund these attacks.
In a report, the agency revealed that the ISIS used BTC through Canada-based payment gateway CoinPayments – converting the cryptocurrency to fiat money. The firm has identified the mysterious transactions between the wallets that ISIS used to raise contributions for – and the Bitcoin accounts held by CoinPayments.
According to Whitestream reports, the balances in the payment company’s wallets went from $500,000 to $4.5 million one day before the attacks. The firm also added that ISIS used Bitcoin after its CoinPayments balances dropped back to $500,000 right after the deadly attacks took place – receiving more BTC and processing high-volume transactions.
The payment company (CoinPayments) also admitted that they processed high-volume transactions at the time. As the latest cryptocurrency news show, they did not have any knowledge about the money’s links with potential terrorist groups. As they revealed:
“CoinPayments admits that their wallet was involved but denied that it is connected to ISIS,” the blockchain intelligence firm told Globes. “It’s possible that the company is not aware of the usage of their wallets, perhaps because ISIS uses straw companies [to] transfer the money.”
For all of you wondering why ISIS used Bitcoin and not any altcoin (which would been featured in our coming altcoin news), the truth is that ISIS-linked Bitcoin wallets exist and WhiteStream has been following them for the past two years.
In fact, the company maximized its focus on one specific Bitcoin wallet which was receiving donations actively over different periods. In that manner, WhiteStream found that ISIS used Bitcoin from a wallet address listed on the ISIS fundraising website.
According to Levy, the transactions were passively traced back to CoinPayments while the company did not know that they were actually facilitating the ISIS Bitcoin funding campaign. As Levy said:
“Our assumption is that the terrorist organization probably possesses many bitcoin addresses through CoinPayments, with every donation sent to a different address,” Levy told Globes. “On the day before the Sri Lanka terror attacks, we identified two relatively big transactions at this address with bitcoins worth about $9,800.”
In February, Whitestream had named CoinPayments for facilitating Bitcoin-enabled donation campaigns for Hamas which is a Palestine-based Sunni-Islamist fundamentalist group.
Binance Removes US Resident Ban: Launching In “A Month Or Two”
“3. Prohibition of use By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List”. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.”When comparing the wording to the one uploaded in June, it is clear that Binance removes US resident ban. The previous text read that "Binance is unable to provide services to any U.S. person," - which is why the difference is obvious.
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