WikiLeaks And Bitcoin: A Crypto Love Story?
December 14 2021 - 06:00PM
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The story of WikiLeaks and its move to Bitcoin is a popular one
amongst crypto investors. When WikiLeaks had first come out, it
quickly gained popularity for publicizing news leaks and classified
information on its site. Founded in 2006, the not-for-profit
organization has had an interesting history, one of those being its
founder, Julian Assange, being sent to prison. Even more
interesting is the organization’s history with leading
cryptocurrency bitcoin. The anonymous whistleblower platform had
gotten on the government’s bad side over leaked documents that
contained sensitive and classified military information. The
organization which depended largely on donations had suffered
greatly from this as payments processors like Visa and Mastercard
had distanced themselves from the entity. WikiLeaks Turns To
Bitcoin After being cut off from traditional methods of payment,
WikiLeaks had turned to the next best thing. At this point, the
organization needed something that could not be tracked or
controlled by the government and it turned to bitcoin donations for
this. Julian Assange had accused the U.S. government of endorsing
what he referred to as “an illegal banking blockade” against
WikiLeaks, forcing entities like AmEx, Visa, PayPal, etc, to stop
supporting the organization. Related Reading | Could An Elon Musk
Time Magazine Cover Predict The Crypto Cycle Peak? According to
Assange, this had spurred the entity’s move into bitcoin. Bitcoin
was still relatively new at this point. In 2010, when the
‘blockade’ went into effect, BTC was only a year old and still
trading relatively low. That same year, WikiLeaks had begun
receiving cryptocurrency donations, which was just bitcoin at first
but has since expanded to include other cryptocurrencies. How Well
Have Crypto Donations Gone? WikiLeaks has done well in terms of
donations. Bitcoin was only trading at a low six cents when the
organization began receiving it as donations in 2010. The digital
asset has since grown over the following decade to a high of
$69,000 in 2021. In 2017, founder Julian Assange tweeted
saying that WikiLeaks’ investments had grown over 50,000% from when
they began accepting the digital asset. Assange went further to
thank the U.S. government for being the push behind this move.
Bitcoin has since grown a further $50,000 since the founder made
this tweet. How far Bitcoin has come since the above referenced
tweet | Source: BTCUSD on TradingView.com Presently,
WikiLeaks now accepts donations in six cryptocurrencies including
Bitcoin, Ethereum, Bitcoin Cash, Monero, Litecoin, and ZCash. This
report from CryptoPotato analyzed the history of the various
wallets and concluded that WikiLeaks has received over $2.2 million
in donations using cryptocurrencies. Related Reading | Why
The Dark Net’s Most Active Market Ditched Bitcoin For Monero
However, this excluded Monero donations as the report stated that
donations using the privacy coin could not be tracked.
Additionally, WikiLeaks also received a donation of 1
CryptoKitties. Julian Assange is currently being remanded in
Belmarsh Prison in London after reportedly suffering a stroke due
to stress. The ‘transient ischemic stroke’ was said to have
occurred after the High Court overruled a judgment that prevented
the Australian national from being extradited to the U.S. Featured
image from iStockPhoto, Charts from TradingView.com
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