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Crypto And Terrorism 2021

Today marks the 20th anniversary of the deadliest assault on U.S. soil by foreign forces. The September 11th attack, commonly referred to as “9/11,” was a coordinated...
Crypto And Terrorism 2021 Crypto And Terrorism 2021

Today marks the 20th anniversary of the deadliest assault on U.S. soil by foreign forces. The September 11th attack, commonly referred to as “9/11,” was a coordinated series of four parallel assaults conducted by the Islamic militant terrorist group known as Al-Qaeda. That day, four commercial airplanes were hijacked with knives and box cutters. The terrorists used those crude weapons to storm and seize control of the cockpits of the planes. Their intent was to conduct suicide missions into populated landmarks that symbolized Amercia’s economic strength and military power.

Two of the jets, loaded with passengers, flew into the Twin Towers in New York City. Both towers collapsed within minutes. Terrorists simultaneously flew the third jet into the largest office building in the world and America’s nucleus of its military might – the Pentagon. On the fourth airliner, there was a passenger revolt against the hijackers. Those heroic individuals had been speaking with loved ones on the ground via mobile phones, learning of the other attacks. Many of the passengers on United Flight 93 regained control of that plane and crashed it safely into a vacant field in Shanksville, Pennsylvania – sacrificing themselves to save the lives of other Americans. It was later determined that the terrorists were planning to fly that fourth jetliner into the U.S. Capitol building in Washington, D.C.

Those attacks killed a total of 2,996 people and injured more than another 25,000 individuals who survived. In addition to the tragic loss of life, the 9/11 attack shocked the world in that this asymmetrical assault did not use traditional military weapons. The terrorists transformed everyday airliners into human-guided missiles. From it, we learned that the only things Al-Qaeda needed to accomplish this horrific disaster was planning, volunteers, and funding.

In recent years, we have heard more and more media stories of how terrorist groups are using cryptocurrencies to fund and carry out their illegal operations.

But is that connection between crypto and terrorist true? The answer is not as clear as you may think.

The International Institute for Counter-Terrorism (ICT) published a report for the first quarter of 2021 that finds evidence linking elements of terrorism with cryptocurrencies. In fact, the ICT found that terrorists are taking more precautions, making it more difficult to trace their blockchain activities when using cryptos for fundraising and payments as stated in this report excerpt:

“Jihadi organizations continue to use cyberspace to recruit operatives and raise funds, though they have become more cautious in their use of cryptocurrency for fundraising. Since the blockchain is transparent, many terror groups have become more careful about sharing their Bitcoin addresses. They now publicize private contact information and have even begun to shift to cryptocurrencies that are harder to trace, such as Monero.” Monero and Zcash are privacy tokens that utilize “transparent” addresses that enable the closest thing to anonymized transactions, making them useful tools for criminals. While terrorists may now be moving to privacy tokens to avoid blockchain tracking, it seems they need more than anonymity to carry out their illegal activities.

An in-depth study by the internationally known, nonprofit policy think tank – the Rand Corporation – finds that cryptocurrencies may create more problems for terrorists who try to use this type of digital money to fund and execute their schemes. The report lists six factors, including anonymity, in the table below that must be considered in the terrorist decision matrix.

SOURCE: Rand Corporation – Terrorist Use of Cryptocurrencies: Barriers and Future Threats p. 34

The Rand report makes several conclusions spanning its 99-pages, but perhaps the most surprising is that it states on page 73 that “…concerns about cryptocurrency being a major enabler of terrorist activities are largely overblown…” but vigilance is still required.

“When we consider all our assessments together, including such other important properties as the reliability and volume of the cryptocurrency market, we find that no current cryptocurrency can address all of the terrorist organizations’ financial needs. However, we note that, particularly with improved usability, cryptocurrencies such as Bitcoin may be appealing to use in fundraising, and some evidence is emerging that terrorist organizations may be using cryptocurrencies for this purpose. Thus, we conclude that current cryptocurrencies are generally not well matched with the totality of features that would be needed and desirable to the terrorist groups examined.” (Rand, p.35)

On The Flipside

  • While cryptocurrencies “…are generally not well matched…” for the totality of all terrorist activities, it only takes one terrorist with a dirty bomb or biologic to cause destruction, fear, and havoc.
  • Funding for terrorist attacks can come from a variety of avenues.
  • We must never forget the 9/11 attack because those who forget history, often allow it to repeat.

Why You Should Care?

Ransomware hacks are the leading type of cyber attack according to the FBI and other law enforcement agencies. Ransomware funds have made their way to terrorist groups. If you’re a victim of ransomware, notify the FBI immediately rather than paying the ransom. This reduces the chance of paying and playing into the hands of terrorists.

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19-09-2021 18:28:06 (UTC+7)

EUR/USD

1.1724

-0.0040 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

EUR/USD

1.1724

-0.0040 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

GBP/USD

1.3736

-0.0052 (-0.38%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (1)

USD/JPY

110.00

+0.29 (+0.27%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

AUD/USD

0.7267

-0.0022 (-0.30%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (9)

Sell (0)

USD/CAD

1.2768

+0.0088 (+0.69%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (5)

EUR/JPY

128.97

-0.08 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

EUR/CHF

1.0933

+0.0022 (+0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (7)

Gold Futures

1,753.95

-2.75 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (1)

Silver Futures

22.358

-0.436 (-1.91%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (4)

Copper Futures

4.2393

-0.0422 (-0.99%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

71.97

-0.59 (-0.81%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

Brent Oil Futures

75.31

-0.36 (-0.48%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Natural Gas Futures

5.061

-0.274 (-5.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

US Coffee C Futures

186.75

-1.40 (-0.74%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,130.84

-39.03 (-0.94%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

S&P 500

4,432.99

-40.76 (-0.91%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (4)

Sell (3)

DAX

15,490.17

-161.58 (-1.03%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

FTSE 100

6,963.64

-63.84 (-0.91%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Hang Seng

24,920.76

+252.91 (+1.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

US Small Cap 2000

2,233.92

+1.01 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (3)

IBEX 35

8,760.90

+27.20 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

BASF SE NA O.N.

63.085

-2.125 (-3.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Bayer AG NA

45.07

-0.57 (-1.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Allianz SE VNA O.N.

190.23

-2.24 (-1.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Adidas AG

281.60

-3.70 (-1.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Deutsche Lufthansa AG

8.210

+0.209 (+2.61%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (1)

Siemens AG Class N

148.76

-1.28 (-0.85%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Deutsche Bank AG

11.080

-0.025 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (8)

 EUR/USD1.1724↑ Sell
 GBP/USD1.3736↑ Buy
 USD/JPY110.00Sell
 AUD/USD0.7267↑ Sell
 USD/CAD1.2768Neutral
 EUR/JPY128.97↑ Sell
 EUR/CHF1.0933↑ Sell
 Gold1,753.95↑ Buy
 Silver22.358Sell
 Copper4.2393↑ Buy
 Crude Oil WTI71.97↑ Buy
 Brent Oil75.31↑ Buy
 Natural Gas5.061↑ Sell
 US Coffee C186.75Buy
 Euro Stoxx 504,130.84↑ Buy
 S&P 5004,432.99Neutral
 DAX15,490.17↑ Buy
 FTSE 1006,963.64↑ Buy
 Hang Seng24,920.76↑ Buy
 Small Cap 20002,233.92↑ Buy
 IBEX 358,760.90↑ Sell
 BASF63.085↑ Sell
 Bayer45.07↑ Sell
 Allianz190.23↑ Sell
 Adidas281.60↑ Sell
 Lufthansa8.210Neutral
 Siemens AG148.76↑ Sell
 Deutsche Bank AG11.080↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,600/ 5,665
(5,600/ 5,665) # 809
SJC HCM5,600/ 5,665
(0/ 0) # 830
SJC Hanoi5,600/ 5,667
(0/ 0) # 832
SJC Danang5,600/ 5,667
(0/ 0) # 832
SJC Nhatrang5,600/ 5,667
(0/ 0) # 832
SJC Cantho5,600/ 5,667
(0/ 0) # 832
Cập nhật 19-09-2021 17:57:39
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,754.86+0.730.04%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.640,0022.870,00
EUR26.118,3927.477,69
GBP30.621,6331.901,01
JPY202,13213,83
KRW16,7120,34
Cập nhật lúc 18:23:41 19/09/2021
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