{"id":478871,"date":"2021-12-14T23:00:29","date_gmt":"2021-12-14T23:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=478871"},"modified":"2024-06-11T14:09:48","modified_gmt":"2024-06-11T14:09:48","slug":"wikileaks-and-bitcoin-a-crypto-love-story","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/wikileaks-and-bitcoin-a-crypto-love-story\/","title":{"rendered":"WikiLeaks And Bitcoin: A Crypto Love Story?"},"content":{"rendered":"
The story of WikiLeaks and its move to Bitcoin<\/a> 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,<\/span> Julian Assange<\/span><\/a>, being sent to prison.<\/span><\/p>\n Even more interesting is the organization\u2019s history with leading cryptocurrency bitcoin. The anonymous whistleblower platform had gotten on the government\u2019s 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.<\/span><\/p>\n 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 \u201can illegal banking blockade\u201d against WikiLeaks, forcing entities like AmEx, Visa, PayPal, etc, to stop supporting the organization.<\/span><\/p>\n Related Reading | Could An Elon Musk Time Magazine Cover Predict The Crypto Cycle Peak?<\/a><\/strong><\/em><\/p>\n According to Assange, this had spurred the entity\u2019s move into bitcoin. Bitcoin was still relatively new at this point. In 2010, when the \u2018blockade\u2019 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.<\/span><\/p>\n 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.\u00a0<\/span><\/p>\n In 2017, founder Julian Assange<\/span> tweeted<\/span><\/a> saying that WikiLeaks\u2019 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.<\/span><\/p>\n <\/p>\n Presently, WikiLeaks now accepts donations in six cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Monero, Litecoin, and ZCash. This<\/span> report from CryptoPotato<\/span><\/a> analyzed the history of the various wallets and concluded that WikiLeaks has received over $2.2 million in donations using cryptocurrencies.\u00a0<\/span><\/p>\n Related Reading | Why The Dark Net\u2019s Most Active Market Ditched Bitcoin For Monero<\/a><\/strong><\/em><\/p>\nWikiLeaks Turns To Bitcoin<\/span><\/h2>\n
How Well Have Crypto Donations Gone?<\/span><\/h2>\n
How far Bitcoin has come since the above referenced tweet \u00a0| Source: BTCUSD on TradingView.com<\/a><\/pre>\n