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The Islamist organization Hamas and its affiliated groups have reportedly received significant amounts of cryptocurrency donations. According to Elliptic, a blockchain analytics platform, between August 2021 and June 2023, Hamas received an astonishing $41 million in cryptocurrency donations. This data, provided by Elliptic and BitOK, raises concerns about the use of cryptocurrencies as a financing method for groups and nations operating outside the U.S.-controlled global financial system. The Israeli Defense Minister, Yoav Gallant, acknowledged the difficulty of addressing this issue. Israeli authorities have also taken action against cryptocurrency accounts associated with Hamas. This development comes as the Israeli defense ministry and intelligence sectors have implemented a total blockade of the Palestinian territory of Gaza following an attack by Hamas. Currently, Bitcoin is trading at $26,837.77, down 0.85% in the last 24 hours.