The Journalistic Source Protection Defence Fund Receives $12,000 in Bitcoins for Edward Snowden Defense

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The Journalistic Source Protection Defence Fund Receives $12,000 in Bitcoins for Edward Snowden Defense
The Journalistic Source Protection Defence Fund Receives $12,000 in Bitcoins for Edward Snowden Defense

The Journalistic Source Protection Defence Fund Receives $12,000 in Bitcoins for Edward Snowden Defense

Earlier we had reported that a pioneer fund raising scheme, The Journalistic Source Protection Defence Fund, which was working for Edward Snowden and pay for the expenses for legal battle, was inviting funds even in Bitcoin, has now got $12,000 in Bitcoins. In the last two weeks, anonymous donations have arrived in the form of $12,000 in Bitcoins from various parts of the world.

Though Edward Snowden will be the first such person to receive such funding, the Journalistic Source Protection Defence Fund will nominate sources it wishes to direct legal and campaign aide the people who need it. NSA Leaker Edward Snowden’s defense fund’s receiving of donations in the form of Bitcoins, and that too in big chunk shows the popularity of the crypto-currency.

Administered by Derek Rothera & Company Charted Accountants, the fund is transparent and governed by the laws of the United Kingdom. The Journalistic Source Protection Defence Fund indicates that it can only be spent on the legal defence campaign of the nominated journalistic sources.

Till now, the WikiLeaks fund has raised $16,000; however, out of it $12,740 is in the form of Bitcoins. Edward Snowden has got asylum in Russia; however, the U.S. is looking for his extradition for espionage charges at home. WikiLeaks came forward to help him with its legal defense fund called ‘The Journalistic Source Protection Defence Fund.’

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The Journalistic Source Protection Defence Fund has received 105 Bitcoins from 144 donors. One donor even gave 25 Bitcoins or the equivalent of $2,908. Currently a single Bitcoin is worth around $130 on the MT. Gox exchange. True to expectations that WikiLeaks had kept, Bitcoin is a major contributor in the fund.

Apart from Bitcoin, The Journalistic Source Protection Defence Fund accepts payments via credit cards and PayPal. However, the way Bitcoin has fared in the donation; it will still be ahead from the traditional methods as it allows users to remain anonymous for various political and personal reasons known best to them.

Bitcoin’s power and use both are known for WikiLeaks and that is why it started to accept them for The Journalistic Source Protection Defence Fund. In fact, the WikiLeaks Bitcoin wallet received 3,791 Bitcoins valued at $450,800 over the last year. Even a Daily Dot report claims that WikiLeaks has benefited by a 1,894 percent increase in donations since founder Julian Assange vowed to help Edward Snowden.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com