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Israel stops encrypted accounts of Hamas mix1kit

Dr youssef elshaer

Israel stops encrypted accounts of “Hamas” and uncertainty dominates digital currencies

Investor confidence in riskier assets was weakened as the conflict between Hamas and

Israel escalated, causing the cryptocurrency Bitcoin to drop by approximately 1% in the last 24 hours.

Israel stops encrypted accounts of “Hamas”

 It was traded at nearly $27,000 on Thursday morning.The decrease in cryptocurrency transactions corresponds with recent news reports stating that the Israeli police have put a hold on crypto accounts tied to the Hamas movement.

In the process of identifying Hamas-affiliated accounts, the Israeli Police's digital division called Lahav 433 collaborated with the Defense Ministry, intelligence sectors, and the cryptocurrency platform Binance.

 Their joint efforts proved to be essential in this task. Additionally, the report highlights that any funds taken from these accounts will be directed towards Israel's national funds.Amidst growing tensions between Hamas and Israel, gold-backed digital currencies have experienced the most significant surge in value out of the top 100 cryptocurrencies.

 This increase in worth is directly tied to the escalating price of gold, which has risen as a result of the recent conflict.Significant performers include Tether Gold, Monero XMR, and PAX Gold, all of which experienced increases.Amidst the ongoing conflict between Palestinian factions and Israel, traders from Israel introduced a fresh initiative aimed at assisting Tel Aviv with encryption. 

Prominent individuals are leading this endeavor, which is linked to the topic of cryptocurrencies.

Crypto Aid Israel has launched a multi-purpose digital wallet that allows for receiving donations in different cryptocurrencies, including Bitcoin, Ethereum, USDT, and USDC