Categories: Bitcoin Business

Hamas Wants More Bitcoin Donations, After Raising $2,500 the Last Time

Click here to view original web page at
Hamas asked its followers to send bitcoin donations. At least one person was listening. | Source: Shutterstock

Months after the initial plea for bitcoin donations, Hamas’ military wing Al-Qassam Brigades has once again sent an appeal to supporters urging them to provide financial aid via the cryptocurrency, per Arutz Sheva.

According to the Al-Qassam Brigades, this is part of the group’s already existing ‘Support the Resistance’ campaign. The fundamentalist organization has been dubbed a terrorist organization by the European Union, Israel and the United States.

The appeal for bitcoin donations comes at a time when Hamas is facing financial woes. Partly this is because the traditional channels through which it has received funding in the past have been blocked. In its previous plea broadcast via Telegram for financial donations, Hamas blamed Israel for this:

Israel is fighting the resistance by trying to cut off its support, but supporters of the resistance all over the world are fighting the Zionist attempts and are working to find alternative methods to support it. We call upon all supporters of the resistance and of our just cause to support it through Bitcoin, through means that we will announce soon.

Sources of Funds Drying up for Hamas?

The appeal is coming at a time when Hamas is bracing for even more cuts to its funding. Recently one of its biggest benefactors, Qatar, announced a new tougher approach. According to The Jerusalem Post, the wealthy Gulf State will, starting April, cut all funding to the fundamentalist organization. Instead, Qatar will direct those funds to humanitarian projects.

#Qatar’s break with #Hamas shakes up Mideast politics
Hamas, lest we forget, is classified as a Foreign Terrorist Organization #FTO by the US Department of State, and its terrorist status was recently reiterated by the EU.

— Wendy R. Acho (@Acho_Wendy) March 23, 2019

Between 2012 and 2018 it is estimated that Hamas received approximately $1.1 billion from Qatar.

Another benefactor for the Palestinian fundamentalist organization has been Iran. But according to Palestinian lecturer and journalist Hussam Al-Dajany, the sanctions imposed on Iran by the United States have severely restricted the amount of money that Hamas can get from its other leading patron.

How Successful was Hamas’ Previous Appeal for Bitcoin Donations?

As of early February Hamas’ appeal for bitcoin donations had collected $2,500 as previously reported by CCN. At the time U.S. cryptocurrency exchange Coinbase found itself dragged into the matter. This was after Israeli-based blockchain analytics firm Whitestream claimed that Hamas’ transactions had been signed by addresses which had been operating on the company wallets of Coinbase.

According to the founder and CEO of Whitestream, Itsik Levy, the conclusion was drawn ‘based on shared inputs’. At the time Levy warned that Hamas campaign ‘just started’.

Coinbase Threatened with Lawsuit over Bitcoin Donations

Whitestream’s revelation resulted in Coinbase being threatened with a lawsuit by an Israeli NGO, the Shurat Hadin-Israel Law Center.

It has recently come to our attention that the notorious Palestinian terrorist group Hamas currently maintains an account with Coinbase, Inc. (“Coinbase”), through which it is accepting donations. Therefore [we are] writing to notify Coinbase that knowingly providing material support or resources to Hamas is a violation of US federal criminal law, and to demand that Coinbase immediately terminate any and all accounts and services provided to Hamas.

Israeli NGO Threatens to Sue Coinbase for Enabling Hamas’ Bitcoin Donations

— (@CCNMarkets) February 13, 2019


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

New York Gym Grit Bxng Accepts BTC Payments

Who would have ever thought that working out and bitcoin could ever go together? Well, thanks to a new Manhattan-based… Read More

4 hours ago

Are Whales Behing Bitcoin’s Latest Dips?

A reason for the recent up-and-down behavior of bitcoin may have been uncovered. It’s being reported that several whales moved… Read More

4 hours ago

Bitcoin Drops Below $10,000 as Support Wears Thin

Bitcoin (BTC) has once again found itself caught in the throes of a choppy trading range that has provided little… Read More

4 hours ago

Bitcoin Bottomed at $9,080, BTC to Rally Into End of 2019

Once again, Bitcoin (BTC) has stagnated, finding a foothold around $10,000 for the umpteenth time in a matter of weeks.… Read More

4 hours ago

Cresio CIO Comments, New ‘Satoshi’ and BTC Games: This Week in CT Spain

As many of our readers probably know, Cointelegraph has a number of non-English branches, each covering news from different parts… Read More

4 hours ago

VeChain Attends Shanghai International Blockchain Week 2019

SHANGHAI, Aug. 24, 2019 /PRNewswire/ -- From September 14-18, 2019, Shanghai International Blockchain Week 2019, the largest and most influential… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More