Crypto News

WikiLeaks And Bitcoin: A Crypto Love Story?

The story of WikiLeaks and its transfer to Bitcoin is a well-liked one among crypto buyers. When WikiLeaks had first come out, it shortly gained reputation for publicizing information leaks and categorized info on its web site. Founded in 2006, the not-for-profit group has had an fascinating historical past, a type of being its founder, Julian Assange, being despatched to jail.

Even extra fascinating is the group’s historical past with main cryptocurrency bitcoin. The nameless whistleblower platform had gotten on the federal government’s unhealthy aspect over leaked paperwork that contained delicate and categorized army info. The group which depended largely on donations had suffered drastically from this as funds processors like Visa and Mastercard had distanced themselves from the entity.

WikiLeaks Turns To Bitcoin

After being lower off from conventional strategies of fee, WikiLeaks had turned to the subsequent smartest thing. At this level, the group wanted one thing that would not be tracked or managed by the federal government and it turned to bitcoin donations for this. Julian Assange had accused the U.S. authorities of endorsing what he known as “an illegal banking blockade” towards WikiLeaks, forcing entities like AmEx, Visa, PayPal, and so on, to cease supporting the group.

Related Reading | Could An Elon Musk Time Magazine Cover Predict The Crypto Cycle Peak?

According to Assange, this had spurred the entity’s transfer into bitcoin. Bitcoin was nonetheless comparatively new at this level. In 2010, when the ‘blockade’ went into impact, BTC was solely a yr previous and nonetheless buying and selling comparatively low. That similar yr, WikiLeaks had begun receiving cryptocurrency donations, which was simply bitcoin at first however has since expanded to incorporate different cryptocurrencies.

How Well Have Crypto Donations Gone?

WikiLeaks has executed effectively when it comes to donations. Bitcoin was solely buying and selling at a low six cents when the group started receiving it as donations in 2010. The digital asset has since grown over the next decade to a excessive of $69,000 in 2021. 

In 2017, founder Julian Assange tweeted saying that WikiLeaks’ investments had grown over 50,000% from once they started accepting the digital asset. Assange went additional to thank the U.S. authorities for being the push behind this transfer. Bitcoin has since grown an extra $50,000 for the reason that founder made this tweet.

BTCUSD_2021-12-14_11-43-32

How far Bitcoin has come for the reason that above referenced tweet  | Source: BTCUSD on TradingView.com

Presently, WikiLeaks now accepts donations in six cryptocurrencies together with Bitcoin, Ethereum, Bitcoin Cash, Monero, Litecoin, and ZCash. This report from CryptoPotato analyzed the historical past of the varied wallets and concluded that WikiLeaks has obtained over $2.2 million in donations utilizing cryptocurrencies. 

Related Reading | Why The Dark Net’s Most Active Market Ditched Bitcoin For Monero

However, this excluded Monero donations because the report acknowledged that donations utilizing the privateness coin couldn’t be tracked. Additionally, WikiLeaks additionally obtained a donation of 1 CryptoKitties. 

Julian Assange is presently being remanded in Belmarsh Prison in London after reportedly struggling a stroke on account of stress. The ‘transient ischemic stroke’ was said to have occurred after the High Court overruled a judgment that prevented the Australian nationwide from being extradited to the U.S.

Featured picture from iStockPhoto, Charts from TradingView.com

Related posts

Litecoin Creator Praises Dogecoin, Can The Token Get Its Bark Back?

Crypto Advisor

Bitcoin Above $42K While Ether and SOL Tumble

Crypto Advisor

Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils – Taxes Bitcoin News

Crypto Advisor

Leave a Comment