Wikileaks received $2.2 million in cryptocurrency donations
Wikileaks received $2.2 million in cryptocurrency donations
Crypto

Wikileaks received $2.2 million in cryptocurrency donations

By Vincenzo Cacioppoli - 14 Dec 2021

Chevron down
Listen this article
download

WikiLeaks has announced that it has received more than $2 million in cryptocurrency donations since 2010.  

What is Wikileaks

Wikileaks is an international non-profit organization founded in 2006 by Julian Paul Assange, which became famous for the scandals that broke out following the publication of confidential documents and conversations concerning the actions or facts of various international institutions and sovereign states. 

In the last few days, a British court has granted the extradition to the US of Assange, who was arrested in 2019 in London, on charges of conspiring against US national interests by breaching the security of the Pentagon’s computer system in 2010.

Why Wikileaks chose cryptocurrencies

The decision by Wikileaks to rely on cryptocurrencies for its financial sustenance is a consequence of the US blocking of funding for the organization in 2010.

Assange then decided to accept payments in cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Monero.

Payments in cryptocurrencies are very difficult to trace and therefore difficult to block. For this reason, sovereign states such as Iran, Cuba or Venezuela are also using cryptocurrencies to circumvent US embargoes.

In recent weeks, the donations have reportedly increased considerably, especially after the British court’s decision to grant extradition. An anonymous investor reportedly donated about 8.5 Bitcoin.

Julian Assange
Julian Assange

Assange, who is being held in a high-security British prison while awaiting extradition to the United States, is said to have suffered a minor stroke in recent days.

Donations and cryptocurrencies

Wikileaks is certainly not the first non-profit organization to receive donations in cryptocurrencies. 

There are many companies that specifically deal with fundraising with the help of blockchain and cryptocurrencies. For example, recently the Umberto Veronesi Cancer Foundation announced that it also accepts Bitcoin as a form of payment to support its activities. 

According to recent research by Fidelity Charitable, cryptocurrency donations in 2020 will surpass those made in fiat currencies.  Also according to the research in the US, around 45% of those who invested in cryptocurrencies in 2020 would have made a donation compared to 33% of those investing in fiat currency. 

Giving Block, the leading cryptocurrency donation and nonprofit company, which raised $130 million in cryptocurrency donations in 2021, believes that cryptocurrency donations will exceed $1 billion in 2022

Vincenzo Cacioppoli

Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog. mediateccando.blogspot.com, he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.