Hamas, the militant Palestinian group, has been designated a terrorist organisation by Western governments and some others and has been locked out of the traditional financial system. But this year, its military wing has developed an increasingly sophisticated campaign to raise money using Bitcoin.

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Bitcoin: Bitcoin is a cryptocurrency where the creation and transfer of bitcoins is based on an open-source cryptographic protocol that is independent of any central authority. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution.[10] The concept was int