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Wikipedia co-founder says Bitcoin doesn’t work, BTC community snaps back

BTC proponents argued to Jimmy Wales that banks might work, but they’re not available to everyone and that storing BTC personally and storing fiat via banks are two different things.

Wikipedia co-founder Jimmy Wales took to X (formerly Twitter) on Dec. 11 to take a shot at Bitcoin (BTC), bragging that while many users have lost their Bitcoin because they forgot their wallet passwords, he’s never lost any money due to losing his bank password.

Wales’ comments didn’t resonate well with the wider Bitcoin and crypto community, who snapped back at the Wikipedia co-founder about its dependence on donations to run day-to-day operations.

In his X post, Wales sarcastically claimed that he forgot the password to his bank account and lost all his cash, only to then mock the BTC community by adding, “No, actually, that didn’t happen because banks work and Bitcoin doesn’t.”

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Reddit User Discovers 7zip File Possibly Linked to Julian Assange Hidden in Bitcoin Blockchain

Reddit User Discovers 7zip File Possibly Linked to Julian Assange Hidden in Bitcoin BlockchainAccording to a post on the Reddit community r/bitcoin, an old file was discovered that may be linked to Julian Assange, the whistleblower and founder of Wikileaks. The encrypted 7zip file is in the output script from a transaction that took place on Jan. 5, 2017, and was mined at block height 446,713. Speculation Surrounds […]

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process

Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy ProcessThe founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the past, including when Wikileaks was served on Twitter in 2018. Founders of Defunct Crypto Hedge Fund Contacted Electronically […]

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

‘I Wanted to Punch Kanye’ — Free Speech Waffler Elon Musk’s Nonsensical Take on Bitcoin, CBDCs, and Censorship

‘I Wanted to Punch Kanye’ — Free Speech Waffler Elon Musk’s Nonsensical Take on Bitcoin, CBDCs, and Censorship“Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be the voice of “God.” The reasons are myriad. Suffice […]

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

New Paypal Policy Lets Firm Fine Users $2,500 for Spreading ‘Misinformation,’ ToS Condemned and Called an ‘Abomination’

New Paypal Policy Lets Firm Fine Users ,500 for Spreading ‘Misinformation,’ ToS Condemned and Called an ‘Abomination’A new Paypal user policy that permits the company to fine users $2,500 for spreading “misinformation” has caused quite a stir on social media platforms. After November 3, anyone who posts or publishes information or content to “promote misinformation” will be subject to the penalty. Editor’s note: This article was updated to reflect that Paypal […]

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

UN Human Rights Chief Voices Concern Over Assange Extradition Case, Wikileaks Continues to Raise Large Sums of Crypto

UN Human Rights Chief Voices Concern Over Assange Extradition Case, Wikileaks Continues to Raise Large Sums of CryptoOn Saturday, the human rights chief at the United Nations (UN), Michelle Bachelet, said that the potential extradition of whistleblower Julian Assange raises concerns for the rights of future whistleblowers and investigative journalists. Meanwhile, cryptocurrency supporters have continued to donate to Assange and his legal battle as Wikileaks has amassed hundreds of thousands of dollars […]

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

AssangeDAO concludes raise with $53M to help Julian fight for freedom

The AssangeDAO pulled in 17,422 Ether from 10,000 people, with the funds set to be used to win the NFT auction that is supporting Assange’s legal battles.

The Decentralized Autonomous Organization (DAO) supporting Wikileaks founder Julian Assange’s legal plight has concluded its raise, generating a whooping 17,422 Ether (ETH) worth roughly $53.7 million.

As previously reported by Cointelegraph, the AssangeDAO intends to use the fund to bid on a one-of-one NFT from a drop called “Censored” by digital artist Pak in collaboration with Assange. The proceeds of the sale will go towards Assange’s defense fund and additional awareness campaigns as he fights extradition to the U.S. this month.

Assange has been languishing in a U.K. jail for the past three years, with U.S. prosecutors seeking to try him on espionage charges. Supporters say that Assange is a whistleblower, journalist and publisher.

At the time of writing, Pak and Assange’s “One Thousand Thirty Four” one-of-one NFT has a current top bid of 4,242.42 Ether ($13 million) with the auction set to close later today. The NFT collection was launched on Feb. 7, which was also the deadline for Assange’s lawyers to plead their case against his extradition.

The Assange DAO’s $53.7 million figure marks the largest ever raise from a DAO using the community funding hosting platform Juicebox, ousting the widely popular ConstitutionDAO which raised $49 million from the community in late 2021 to bid on a copy of the 1st edition print copy of the United States Constitution.

More than 10,000 people backed the fundraiser, showing strong support for Assange and the values around transparency that he and Wikileaks stands for.

Pak spoke to Artnet earlier this week, and outlined that Assange’s cause was precisely what they were looking for as the message behind their latest drop:

“I am in love with creating different mechanisms to communicate my messages. For ‘Censored,’ the drop needed a good reason to exist and Julian was just the perfect fit.”

“The biggest message is censored as usual,” they added.

Related: Wonderland’s treasury saga exposes the fragility of DAO projects today

The Censored drop also includes an open edition with unlimited mints within a specific time frame, and Pak stated that the proceeds will be donated to “information freedom, digital privacy, education, health, and human and animal rights” organizations.

“In other words, everything that is censored eventually returns to the people,” they said.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

New DAO Supporting WikiLeaks Founder Julian Assange Raises Over $40,000,000

A new crypto project that aims to free embattled whistleblower Julian Assange is building up an impressive war chest. Referring to themselves as “a collective of cypherpunks,” the group behind AssangeDAO has successfully raised over $40 million in Ethereum (ETH) as part of a campaign to get WikiLeaks founder Julian Assange released from prison. The […]

The post New DAO Supporting WikiLeaks Founder Julian Assange Raises Over $40,000,000 appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum

A DAO Created to Free Julian Assange Has Raised .5 Million in EthereumA group of cypherpunks recently initiated a decentralized autonomous organization (DAO) in order to try and free the incarcerated Wikileaks founder and activist Julian Assange. So far, the DAO has raised $7.5 million in ether and the funds will be used to help with Assange’s legal fees and raise public awareness about his case. Assangedao […]

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

Top secret Julian Assange and Pak NFT collaboration is wikileaked

“Details about the contents and ideas of the Censored collection have not been revealed. However, considering the two partners in crime, it will definitely attract attention,” said DappRadar.

A collaborative NFT project from belagued Wikileaks founder Julian Assange and pseudonymous digital artist Pak is set to drop next week.

Assange has been confined in a London prison since April 2019 after his asylum status in the Ecuadorian embassy of London was terminated. The following month he was indicted on 17 counts of espionage in the Eastern District Court of Virginia relating to classified documents he published on Wikileaks.

His legal team is currently fighting an extradition case which could see him face the charges in the United States and spend the rest of his life behind bars.

The project with Pak — who generated a whopping $91.8 million last year on Nifty Gateway last year from his project dubbed the “The Merge” — is set to come out on Monday, coinciding with the deadline for Assange’s legal team to plead its case.

The name of the NFT drop is called “Censored” and refers to Assange’s journalistic history of reporting on classified material relating to corruption, crime, war and spying. It is unclear if the proceeds from the sale will go towards supporting Assange, or whether it is purely focused on bringing attention to such a highly monumental day.

Unlike Wikileaks in which private information is freely shared with the public, specific details of the project such as pricing, the content depicted in the NFTs and the platform used for the sales have not been revealed. However, it will involve a one-of-one up for auction and an open edition open to anyone.

In late Jan, Wikileaks provided a hint, sharing an image on Twitter that reads “one thousand” which could suggest how many open edition NFTs there will be.

Decentralized application (DApp) focused data aggregator DappRader has earmarked the project as something to keep a keen eye on, noting in a Tuesday blog post that:

“This collaboration makes a lot of sense. Pak is among the most revolutionary artists of the day. At the same time, Assange aims to shine a light on international affairs and political problems through WikiLeaks.”

“Details about the contents and ideas of the Censored collection have not been revealed. However, considering the two partners in crime, it will definitely attract attention,” the post added.

Related: Grammy-winner John Legend launches new music and art NFT platform

Assange is not the first controversial figure to flock to NFTs to shine a light on a cause. Cointelegraph reported in December that Ross Ulbricht, the founder of the dark web marketplace the Silk Road, generated $6.2 million via the auction of his first NFT.

The NFT depicting Ulbricht’s original hand-drawn artwork was purchased by the FreeRossDao, a decentralized autonomous organization set up to help free Ulbricht from imprisonment.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit