Quantcast
Connect with us

White supremacists are the big winners of bitcoin’s epic rally

Published

on

The cryptocurrency bitcoin rose over 1,400 percent after surging on Thursday above $17,000. And, according to Mic, that epic rally could wind up benefiting a group who’s otherwise faced a rough year in the web currency sector: Neo-Nazis.

In August, Apple Pay, PayPal and GoFundMe joined a chorus of tech companies cutting off known white supremacists after the deadly “Unite the Right” rally in Charlottesville, VA. But bitcoin, which allows anonymous users to move currency, remains a viable avenue for neo-Nazis to transfer money without working through centralized banks. Richard Spencer once even referred to bitcoin as the “currency of the alt-right.”

ADVERTISEMENT

And, according to Mic, as the bitcoin price grows, so do their wallets.
To investigate bitcoin use among white supremacists, Mic analyzed the transactions revealed by the bot Twitter account @NeonaziWallets, “an automated feed of bitcoin transactions involving suspected neo-Nazi or alt-right extremist wallets.” The bot is able to gather information on suspected alt-righters because in order to accept donations, organizations and users have to publicize their bitcoin addresses.

ADVERTISEMENT

“The disadvantage [for neo-Nazis] is that I can see their transactions, I can see when they’re spending money, and given effort and investment of time, I could figure out who is donating to them also,” John Bambenek, the bot’s creator, told Mic.

ADVERTISEMENT

White supremacists have a vested interest in using the anonymous cryptocurrency, given the swift backlash from other companies following the Charlottesville rally. But with no end in sight for bitcoin’s meteoric rise, the resulting pile of cash will no-doubt assuage concerns over having those transactions identified.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

2020 Election

Trump accuses Democrats of ‘trying to steal an election’ with mail-in voting during the COVID-19 pandemic

Published

on

President Donald Trump accused Democrats of conspiring to steal an election at a hastily arranged news conference held at Trump National Golf Club Bedminster.

And angry Trump lashed out at Democrats for seeking to allow voting by mail in the November election.

Here's some of what people were saying about Trump's press conference, where he questioned if Democrats love America:

https://twitter.com/jeffmason1/status/1292196974746370055

https://twitter.com/margarettalev/status/1292197337465597957

https://twitter.com/ToluseO/status/1292197677984354306

https://twitter.com/vmsalama/status/1292197526960054273

Continue Reading

Breaking Banner

Pelosi blasts Trump as ‘not a well person’ and wonders if GOP is motivated by a ‘manhood thing’: report

Published

on

House Speaker Nancy Pelosi (D-CA) briefed members of the Democratic Caucus on Saturday about the state of negotiations over the next coronavirus stimulus bill.

Luke Broadwater, a congressional correspondent for The New York Times, posted a thread about the call on Twitter, citing "sources on call."

House Majority Leader Steny Hoyer (D-MD) was also on the call, and reportedly blasted White House chief of staff Mark Meadows for the failure to reach a deal.

“Meadows, when John Boehner and Paul Ryan was Speaker, impeded every agreement they tried to make with us on must-pass legislation," Hoyer reported said.

Continue Reading
 

Breaking Banner

Democratic pressure on intel agencies exposed a motherlode of information on foreign meddling helping Trump: report

Published

on

On Saturday, Politico reported that congressional Democrats believe their pressure campaign on the intelligence community was crucial to exposing Russia's newest plot to interfere with U.S. elections on behalf of President Donald Trump.

"For weeks, top Democratic lawmakers in the House and Senate have been blaring warnings and demanding briefings and public disclosures from the intelligence community, shrugging off Republican charges that they’re politicizing intelligence," reported Andrew Desiderio and Kyle Cheney. "And Democrats can now point to evidence that their pressure campaign might be working. On Friday, the Trump administration’s counterintelligence chief publicly confirmed that Russia is attempting to harm Joe Biden’s candidacy in 2020. The official, William Evanina, even singled out a pro-Russia Ukrainian, Andrii Derkach, as a key participant in the Kremlin’s new effort."

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image