SOL - Bitcoin Dogecoin Ethereum Funding Hamas Terror Peter Schiff's Skepticism On Bitcoin ETF And More: This Week In Crypto | Benzinga
This week was a rollercoaster for the cryptocurrency market with significant updates coming in from various fronts. The U.S. and Israel are escalating their efforts to curtail cryptocurrency transfers to Hamas, with Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE), and Ethereum (CRYPTO: ETH) being implicated as funding streams. Meanwhile, investor Peter Schiff voiced his skepticism about the anticipated demand for a new Bitcoin ETF. Crypto analyst Bluntz, well-known for his accurate market predictions, announced his optimism for a major Solana (CRYPTO: SOL) breakout.
Furthermore, Dogecoin co-creator Billy Markus expressed his hopes for a significant Bitcoin price surge, while another crypto analyst, Captain Faibik, predicted a potential rise for Dogecoin to $1 in the next year. Let’s dive deeper into these intriguing stories.
Intensifying Efforts to Curtail Crypto Financing to Hamas
The United States and Israel are increasing their efforts to cut off cryptocurrency transfers to Hamas, following the group’s large-scale attacks on Israel. Cryptocurrencies like Bitcoin, Dogecoin, and Ethereum are often implicated as funding avenues for Islamist organizations. The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has proposed new regulations to classify “Convertible Virtual Currency Mixing” (CVC mixing) as a primary money laundering concern to combat its use by malicious ...