Analysis Today TheBitTimes.com

As Israel grapples with the aftermath of an attack orchestrated by Hamas, we look at the role of crypto in terrorism financing. On Oct. 7, Palestinian militant group Hamas launched a devastating attack against Israel, killing at least 900 people and taking captive more than 130 others. The dawn incursion, aimed at several populated areas, including Tel Aviv and Ashkelon, caught Israeli security off guard as the country celebrated a religious holiday. In response, Israel declared war against Hamas, hitting more than 1,000 targets in the tiny enclave of Gaza believed to be Hamas gathering places.  According to the Gaza Health Ministry, at least 680 civilians have died due to Israel’s retaliatory actions. Even as the battle rages on, many wonder how a criminal group like Hamas can access the funds required to plan and execute an attack of such scope and magnitude. Previously, the Sunni Islamist militant group was known to accept cryptocurrency to fund their activities. Still, they d...

A nonpartisan research and advocacy group says it is trying to invalidate efforts by a patent troll to sue crypto projects. The DeFi Education Fund (DEF), a Washington D.C.-based policy research group , said in a recent blog post it has taken action against True Return Systems LLC (TRS), calling the firm a “ patent troll .” According to the statement, DEF filed a petition last week with the US Patent and Trademark Office (USPTO), trying to initiate an inter partes review (IPR) and cancel all claims in a patent owned by TRS. The move comes after TRS filed a lawsuit against MakerDAO and Compound Protocol in October 2022 for alleged infringement of a US patent . DEF argues that the patent should have never been issued, citing a lack of unique solutions. “In our petition, we demonstrate to the USPTO that the technology described in the patent [owned by TRS] was not new or unique at the time the patent was granted, and, in fact, there was prior art in circulation ...