Crime
Elliptic counters WSJ report on the scale of Hamas’ crypto fundraising
The analytics firm called out newspaper for misinterpreting its data and for failing to issue a correction or clarification.
Mike Dalton 3 min read
Middle East News
Regional policy, exchange hubs, tokenization, and sovereign initiatives across the Middle East.
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Top Middle East Stories
Adoption
Crypto Aid Israel brings in $185k in donations for humanitarian relief despite phishing attack
The initiative has distributed 200,000 NIS, around $49,000, to various organizations spearheading the relief efforts in the region.
Crime
Chainalysis says crypto usage for terror financing is ‘tiny fraction’ of overall volume
In the wake of a recent terrorist attack by Hamas in Israel, the report aims to correct misconceptions surrounding the role of digital currencies in funding terrorism.
More Middle East Crypto News & Analysis
Web3
Web3 community launches crypto humanitarian campaign for Israel
The crypto community in Israel unites for humanitarian cause.
Crime
Israeli authorities redirects frozen Hamas cryptocurrency funding to state treasury
Israeli authorities are clamping down on the Hamas group funding in response to the recent attack it suffered.
Crime
Thodex founder handed over 460 life sentences in prison for massive Turkish crypto scandal
Fatih Özer has maintained his innocence despite his heavy prison sentence.
Adoption
More than half of Turkey has turned to crypto amid rapid currency devaluation – KuCoin report
The survey was conducted in May 2023 and found that found that 52% of Turkish adults aged 18 to 60 have invested in cryptocurrencies, a 12% increase from 40% in November 2021.
Crime
Israeli Police recommend charges against businessman Moshe Hogeg as global crackdown on crypto scams rages on
Efforts from law enforcement communities worldwide are resulting in widespread charges against scammers and bad actors.
Bankruptcy
Bankrupt FTX seeks court approval to liquidate solvent Dubai subsidiary
FTX Dubai holds approximately $4.5 million in several accounts, according to court filings.
Latest Middle East Crypto News Headlines
Regulation
Dubai expands crypto licenses, granting approval to Nomura
Regulation
Binance secures first operational license in Dubai amid regulatory hurdles in Europe.
Regulation
Dubai’s virtual assets regulator suspends critical license for crypto exchange BitOasis citing regulatory non-compliance
Adoption