An Israeli blockchain intelligence firm claims to have identified proof of donations in Bitcoin (BTC) reaching Hamas, the de facto ruling authority of the Gaza Strip in Palestine. The development was reported by Israeli financial daily newspaper Globes Feb. 3.
Globes reports that a BTC wallet address for receiving the funds was first published Jan. 31 to the organization’s Telegram channel. The address has subsequently been identified by blockchain intelligence firm Whitestream as one hosted by U.S. crypto wallet service provider and exchange Coinbase. A second, non-Coinbase address was reportedly published Feb. 2.