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Unite The Right Rally Bagged $1 Million in Crypto for Donations

Unite The Right Rally, is also known as the Charlottesville rally or Charlottesville riots, are a white supremacist and white nationalist rally that occurred in Charlottesville, Virginia, from August 11 to 12, 2017. Protesters were members of the far-right and included members of the alt-right, neo-Confederates, Klansmen, neo-Nazis, and various militias.

Background

On August 11-12, 2017, a rally was organized to protest the removal of the Robert E.Lee statue, honoring the Confederate general in Emancipation Park (Lee Park). This rally was launched, when due to the aftermath of the Charleston church shooting in 2015, efforts were made across the country to remove Confederate monuments from public places and rename the streets honoring notable figures from the Confederacy. But on the other hand, there were some people who were really concerned about protecting the monuments and their Confederacy heritage.

First Unite The Right Rally In 2017

Last year, in August 2017, hundreds of white supremacists, neo-Nazis, and members of the alt-right descended on Charlottesville, Virginia, for “Unite the Right,” a rally to put the power of white nationalists on full display. An year after, that event resulted in chaos and violence, groups plan to hold another “white civil rights rally” in Washington, DC. hundreds of members of the alt-right and white supremacists gathered in Charlottesville, Virginia, purportedly to defend a statue of Confederate Gen. Robert E. Lee, as it faced removal approved by the City Council. The event was supposed to be the alt-right’s zenith, coming into its own as a real political force with real political power, but It began with a torch-lit rally where attendees shouted, “You will not replace us!” (some replacing “you” with “Jews”). The next day, the event attracted a counter protest, during which a self-avowed Nazi sympathizer drove a car into a crowd, killing a young woman Heather Heyer.

Many of these known neo-Nazis had hundreds of thousands of bitcoin and other cryptocurrencies before the massive price rises we’ve seen over the last couple of years, They still have a great deal, and many choose to store their crypto in Monero which is more anonymous than bitcoin.Cyber Security Expert, John Bambenek

Donations in Bitcoin Last Year

Last year, bitcoin and cryptocurrency donations to neo-Nazis spiked around the Charlottesville, Virginia, Unite the Right rally, which resulted in the death of one counter-protester. Bitcoin and cryptocurrencies have long been associated with the far right and other extremists around the world, due to their relative anonymity and ease of use. The U.S. white nationalist, Richard Spencer called Bitcoin the “currency of the alt-right”.

Last year the Daily Stormer attracted some $60,000 in bitcoin and cryptocurrency donations around the Charlottesville Unite The Right rally.

The association between cryptocurrencies like bitcoin and illicit ideologies has many to questioning if the digital currency will ever move entirely into the mainstream. While cryptocurrencies can transfer value discreetly and immediately and thus prized by the fintech community, it also makes them perfect for funding movements whose resources are limited due to contentious philosophies.

Last year, the Daily Stormer, a far-right website, was funded with $60,000 in bitcoin and other cryptocurrencies in the lead up to the Charlottesville Unite the Right rally, which was a record high. Furthermore, the neo-Nazis responsible for keeping the website afloat have also seen their publishing coffers padded with cryptocurrencies like Monero (XMR)

Donations This Year

The second Unite The Right rally is scheduled for this weekend, a number of national and local anti-racist groups are planning counteractions, including teach-ins, and also there will be a march from New York City to D.C. and many local rallies on the weekend led by local organizers and religious groups. Authorities are advising people to stay home and avoid the rally to deny them media attention. There are warnings of violence at far-right rallies across the country and D.C. Metro was reportedly considering reserving train cars for Unite the Right participants to discourage violence next Sunday.

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Muhmmad Furqan

Furqan is a financial markets expert. A regular trader of cryptocurrencies and hold some investments in Bitcoin, Stellar, IOTA and OST. Contributes with latest industry insights. Email: furqan@blockpublisher.com or contact the editor at editor.opinions@blockpublisher.com

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