29 Jan '15, 1pm

Israeli Paper Ties Bitcoin to ISIS, Again (Op-Ed) #bitcoin

Israeli Paper Ties Bitcoin to ISIS, Again (Op-Ed) #bitcoin

Israeli web analyst claims that Islamic State is continuing to use Bitcoin as a means of funding. But the evidence he quotes is not enough to point at a trend as the amount mentioned was only 5 BTC. Taking into account the spread of cryptocurrencies in Israel itself, the statement appears to be just an example of Bitcoin-related media hype. A report by the Israeli news source Haaretz cites a senior web analyst who told the publication that “There was smoke, and now we have found the fire,” following discovery of messages purported to be from IS members posted on forums hidden on the Dark Web. Dark web accusations Haaretz described the findings as a “revelation,” which “could also be pointing to a larger, more worrying trend” of IS increasingly turning to Bitcoin to finance its operations. The news is by no means surprising: reports of “concerns” relating to IS’ involvement...

Full article: http://cointelegraph.com/news/113391/israeli-paper-ties-b...

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