PANews, November 15 – According to a report by Decrypt, a Detroit man has admitted to concealing Bitcoin donations originally intended to fund the “Islamic State” (ISIS) and has been sentenced to nine years in federal prison. According to authorities, the man used privacy-focused VPNs and encryption software to cover up the Bitcoin transactions. As the man was convicted, the federal government is intensifying efforts to combat the use of Crypto Assets to fund extremist organizations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst: Bitcoin's 30-day average transfer volume has decreased but remains above the 365-day average level
Gate News Report, March 10th, cryptocurrency market analyst Axel Adler Jr. posted on social media that the 30-day average transfer volume of Bitcoin (BTC) has decreased compared to one month ago and three months ago. However, this indicator still remains above the 365-day average level and is significantly higher than the level six months ago.
GateNews8m ago
BTC breaks through $71,500, rising 4.5% in a single day, with multiple analysts' opinions diverging
March 10th, Bitcoin rose approximately 4.5%, breaking through $71,500. Despite tense tensions in the Middle East, analysts have differing views on the future market. Some believe the short-term bulls are in the lead, while others remain cautious of a potential pullback and are watching key support levels.
GateNews26m ago
Strategy Breaks Record with One-Day STRC Stock Sale
Strategy Inc. achieved record trading volume with its Stretch preferred stock issuance, raising capital to fund aggressive Bitcoin acquisitions. The firm continues to leverage capital markets, enhancing its position as a leading corporate Bitcoin holder.
DailyCoin31m ago
In the past 24 hours, the entire network has been liquidated by $365 million, with BTC liquidations totaling $132 million.
In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $365 million, with long positions liquidated at $157 million and short positions at $207 million. BTC and ETH were liquidated at $132 million and $70.34 million respectively, with a total of 92,499 people liquidated. The largest single liquidation was $8.083 million.
GateNews56m ago
Bitcoin Rises as Trump Amplifies Iran Threats, Fed Rate Cut Chances Fall Near Zero
Bitcoin's price hovers near $71,000 despite a 3% increase, as geopolitical tensions and the Federal Reserve's rate policy create market uncertainty. Oil prices have declined from recent peaks, and crypto markets face liquidation pressures amid mixed investor sentiment.
Decrypt56m ago
Crypto and TradFi Divergence Defines 2026 Market Resilience Amidst Bitcoin Sell-Off
March 2026 as traditional equities and digital assets fell sharply apart. In the first quarter A decoupling is being witnessed that challenges the notion of Bitcoin as a high-beta proxy for the stock market. After a year-end sell-off and a plunge from its 2025 highs, the S&P 500 (SPX) has shown
BlockChainReporter1h ago