ISIS-Linked Blog: Bitcoin Can Fund Terrorist Movements Worldwide
A blog linked to the Islamic State of Iraq and Syria proposed using bitcoin to fund global jihadist efforts.
By trading oil using its own currency, ISIS planned to destabilize the US economy by forcibly decoupling the dollar from the oil business.
Prosecutors have accused a New York woman of using credit cards to purchase bitcoin and then launder those funds to send money to ISIS.
The woman fraudulently obtained credit card numbers in order to buy $62,000 in bitcoin and other cryptocurrencies
A teenager who instructed ISIL (or ISIS) supporters on how to use bitcoin has pleaded guilty to charges of conspiring to provide material support.
New research from Singapore-based web intelligence firm S2T suggests Islamic State (ISIS) could be using bitcoin for fundraising. Israeli daily newspaper Haaretz has reported that S2T analyst Ido Wulkan managed to find concrete evidence linking an ISIS cell based in the US to fundraising activities. The cell apparently used the dark web and bitcoin to cover its tracks. […]