ChainCatcher news, according to Bitcoin.com, a man in South Africa has been arrested for allegedly sending approximately $600 worth of Bitcoin (BTC) to an Islamic State (IS) affiliated group in Syria. Currently, the man will be released after the court approved his bail application. The Lichtenburg Magistrate's Court ruled that the prosecution failed to prove that the suspect, Ziyadh Hoorzook, posed a flight risk, and set the bail amount at 30,000 rand (approximately $1,616).Hoorzook denies the allegations, stating that he was unaware of the connection between the Syrian charity and the terrorist organization when he made the donation in 2017. He was only arrested earlier this year.

ChainCatcher news, according to Cryptopolitan, the Syrian Economic Research Center has proposed a plan urging the transitional government to adopt Bitcoin and other digital assets to combat inflation, stabilize the economy, and attract global investment. This plan comes at a time when the country faces enormous reconstruction challenges after decades of war and financial disaster. The proposal emphasizes Bitcoin as a lifeline for Syrian citizens and their faltering financial system. It suggests establishing a regulatory framework to legalize the use of Bitcoin in transactions, mining, and financial dealings.

ChainCatcher message, Ripple tweeted that it will invest up to $1 million in cryptocurrency assets to support NGOs in Turkey and Syria for earthquake relief. The aid funds will be evenly distributed among four NGOs: CARE.org, World Central Kitchen, Mercy Corps, and IRC, which have provided cash, hygiene supplies, food, and other aid materials.Ripple stated that it will first donate $250,000 worth of XRP on Crypto for Charity and will additionally provide funds equal to twice the amount of other cryptocurrency asset donations, up to $750,000. (Source link)