Bitcoin is the first decentralized cryptocurrency and has been adopted by most users in recent times. Bitcoin has dominated the crypto market for a long time and continues to.
Recently, the main political opponent of President Vladimir Putin, Alexie Navalny, an opposition leader of Russia has raised bitcoin fund of worth 3 million. The fund raised will be used to do political campaigns.
Alexie Navalny has received more than 591 bitcoin in donations within three years-time; if you convert the bitcoin by considering current price, then the amount will be $3 million worth as of now.
Alexie Navalny is a well-known politician and a key opponent of the Russian President.
The Bitcoin (BTC) donation news was announced by a pro-Vladimir Putin television network, and they have even objected the timing. The donation is not hidden to the public, they are transparent, and everyone can get BTC donation information. The Bitcoin donation statement comes at a critical time.
The Bitcoin donation has become a headline for this week after it was published and the pro-Putin television network questioned the timing.
In accordance with those who are questioning about the timing of Bitcoin donation which came before the Anti-Corruption Foundation (FBK) the Navalny’s investigative centre issued an investigative paper. FBK has gained popularity by exposing the names of key government authorities like Prime Minister Dmitri Medvedev and Yuri Chaika, the attorney general.
However, relating to the investigative piece, the Russian media along with pro-Putin television network named Tsargrad TV believes that it is a fair piece.
Unknown Telegram channel declared “FBK Staffer’s Confession.” The team observed that even before one such investigation news was made public by FBK the wallet of Navalny organization had received various donations in large amounts and hinted out that it had paid a big amount.
The Russian media included the claim of Telegram channel, and even pro-Putin Tsargrad TV covered the news.
When media tried to reach one of the officers of FBK, the FBK’s chief of staff Leonid Volkov mentioned that there were no links between the transactions and its investigations, Volkov commented to the statements of unknown blogger who had posted the belief “dragged the non-existent facts together in by the head and shoulders.” Further, he added that “You can say that each time Encke’s Comet approaches the Earth it coincides with a big war: 1914 (First World War), 1941 (World War II) and 2014 (War on Eastern Ukraine). But its rotation period is three years, and approached the Earth many times when there were no big wars.”
Differences in Funding
The Navalny wallet has been listed on the website donation page, and the first bitcoin donation was received on December 2016. After this, there have been more than 2,000 transactions along with withdrawals, blockchain data mentioned.
The transaction at the beginning was only a small fraction of bitcoin, as time moved large bitcoin transaction happened, at one time the transaction was of 20 BTC.
Navalny’s political party receives the donation through bank and Paypal, and people are objecting in Russia to accept cryptocurrency based donations.
Other Investigative outlets who accept crypto-based donation are Zona. Media, The Insider and Roskomsvoboda. However, their wallets have received crypto’s donations of not more than 2 BTC.
Bitcoin is adopted by countries like Venezuela and Iraq to deal with the economic problems caused due to the US sanction, and this is further mentioning the importance of innovation.