Connect with us

Blockchain

Unmasking the Deceased Programmer Who Donated 28 Bitcoin to Capitol Hill Rioters

Republished by Plato

Published

on


Unmasking the Deceased Programmer Who Donated 28 Bitcoin to Capitol Hill Rioters | Crypto Briefing



















Crypto Briefing has uncovered the real identity of Pankkake, a deceased French programmer who allegedly donated $520,000 in Bitcoin to American white nationalist figures in the days ahead of the Capitol Hill riots.


Shuttersock cover by Sebastian Portillo

Key Takeaways

  • Laurent Bachelier, AKA Pankkake, was an early adopter of Bitcoin, often rubbing shoulders with figures like Monero developer Riccardo Spagni in IRC chatrooms in 2013.
  • Citing the downfall of Western civilization, Pankkake allegedly sent white nationalists in the U.S. $500,000, including almost $250,000 in BTC, to “white majoritarian” Nick Fuentes.
  • Bachelier suffered from a serious illness and posted a suicide note on his blog the day after the donation.

Share this article

Supporters of Donald Trump stormed the Washington D.C. Capitol Building last week in protest of Trump’s election defeat, killing five people, including two police officers. Reports later revealed that many involved had been funded with Bitcoin.

Many alt-right and white nationalist figures were present at the riots, including self-described “white majoritarian” Nick Fuentes, outspoken neo-nazi Baked Alaska, and various other high-profile white supremacists.

Nick Feuntes at Capitol Hill. Source: Twitter
Nick Fuentes (center) at Capitol Hill. Source: Twitter

The riot was planned via the social media site Parler starting Jan. 6, with Wild Protest movement leader Ali Alexander stating, “If DC escalates… so do we.”

Bitcoin Funds Capital Riots

On Dec. 8, a single donor sent over 28.15 BTC worth over $520,000 at the time to multiple alt-right figures and organizations, including figures directly involved in the Capitol Hill unrest. 

Cybersecurity firm Chainalysis identified the transactions and tracked them, building a paper trail.

Through the Namecoin blockchain, Chainalysis identified the donor as “Pankkake.” According to Chainalysis, domestic extremists in the U.S. have been receiving foreign funding traceable on the Bitcoin blockchain since at least 2016.

Nick Fuentes, a self-described “white majoritarian” and anti-LGBT speaker banned from YouTube for denying the Holocaust, received 45% of the Dec. 8 funds. That sum amounted to 13.5 BTC or approximately $250,000 at the time.

Chainalysis reports that Pankkake donated funds to the Daily Stormer, a neo-nazi media outlet, as well as alt-right podcaster Ethan Ralph, and the U.S. white supremacist group VDARE.

While most of the recipients were from the U.S., Pankkake also allegedly donated $26,000 to French neo-nazi and Holocaust denier Vincent Reynourard.

Pankkake BTC donations
Source: Twitter

The cybersecurity firm stated its belief that Pankkake may have been an early adopter of Bitcoin who was active in crypto since 2013 and accumulated wealth as BTC gained in value.

Tracing The Mystery Donor’s Identity

Crypto Briefing traced the Pankakke NameCoin handle to Freenode chat logs archived on BTCbase.org where a user identifying themselves as “Pankkake,” a French programmer interested in Namecoin, had been a regular poster.

Pankkake’s early political leanings can be seen in various racist, anti-semitic, and transphobic comments, stating “blacks are born to be slaves anyway” in 2013.

Pankkake was often in contact with Monero creator Riccardo Spagni, AKA Fluffy Pony, during that time. Their discussion focused on cryptocurrency and blogging, and Spagni informed Crypto Briefing that they never spoke in private.

Spagni privately shared with the author his rating for Pankkake on Bitcointalk, where he called Pankkake the “The Trolliest Troll of Trollsville.”

Pankkake discussed blogging with other users, including Mirceau Popescu, Romanian entrepreneur and founder of the now-defunct BitBet US site. Popescu was banned from Twitter in 2014 for threatening to kill Andreas Antonopoulos.

Mircea Popescu banned from Twitter
Source: Reddit

In the 2013 chat logs, a Freenode user linked a racist blog post that Popescu wrote on his personal site. Pankkake’s comments on that blog led Crypto Briefing to Pankkake’s own blog, called Headfucking, which contained various projects and files, including adult content and a fan site for a metal goregrind band. 

Finally, the Headfucking site led Crypto Briefing to a blog under Pankakke’s real name, where his final post was a suicide note.

Suicide Note

Pankkake’s name was Laurent Bachelier, a Parisian programmer with 47 repositories on GitHub.

His blog featured his thoughts on Atlas Shrugged by Ayn Rand, among other topics, with no posts from 2015 to late 2020.

Bachelier posted a suicide note on Dec. 9, 2020, one day after the 28 BTC donation was made. He stated that he suffered from Trigeminal neuralgia, a neuropathic disorder, also known as the “suicide disease,” characterized by extreme and chronic nerve pain. Bachelier cites tinnitus and fatigue, among other health problems, as reasons for his suicide.

“If you are reading this, I am deceased. This is a message scheduled to be posted in the future; so there is no chance that i survived.”

Bachelier went on to list more reasons, including his view that “Western civilization is declining,” while also bringing up Holocaust denial and 9/11 conspiracy theories by referencing “wooden doors” and “building 7.”

Laurent Bachelier Pankkake suicide note
Source: Laurent Bachelier

As examples of this Western decline, he stated his belief that the COVID-19 virus is not dangerous and that the police did not really kill George Floyd, making the BLM protests against his killing unjustified.

He ended the list lamenting that “to top it off,” the Fast and Furious 9 movie release had been delayed.

On his death, one of his former university classmates commented, describing Bachelier as having, even 15 years ago, “a pure libertarian alt-right tendency that in other circumstances I would have abhorred. He was nevertheless a comrade.”

In his suicide note, Bachelier pointed to his reasons for allegedly donating his money to hate groups and extremists, saying:

“This is one of the things that has radically changed about me in the last few years: what happens after I die interests me. This is why I have decided to bequeath my modest fortune to certain causes and certain people. I think and I hope they will make better use of it than I do.”

The incident proved to be a crucial demonstration of the transparency and immutability of the Bitcoin blockchain, allowing donations aimed at funding civil unrest in the U.S. to be traced to their original source.

Disclaimer: This investigation relies on Chainalysis accurately identifying Pankakke as the donor of the $520,000 BTC donation.

Disclosure: At the time of press, the author of this piece held Bitcoin.

Share this article

Loading...

Source: https://cryptobriefing.com/unmasking-deceased-programmer-donated-bitcoin-capitol-hill-rioters/

Blockchain

Economist: Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

Republished by Plato

Published

on

Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.”

Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets.

Royal Macro Beating Can’t Take Down Bullish Bitcoin And Ethereum

This week, the stock market plunged, and precious metals saw a sharp selloff as the macro environment remains uneasy globally. Yet somehow, amidst a “royal macro beating”, Ethereum and Bitcoin have held up comparably well.

Economist and trader Alex Kruger says the resiliency is “bullish” for Bitcoin and Ethereum. The two top crypto assets have been in an uptrend for a full year now, and the recent macro jitters have been the first major bump in the road since.

Related Reading | “Wonderful” Shark Tank Investor Shifts Portion of Portfolio To Bitcoin and Ethereum 

Bitcoin exploded from lows around $4,000 to $58,000 per » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin at the high, while Ethereum fell to under $100 and has risen to $2,000 since. The more than 10x rise, however, might be nowhere near the finish line, and holding up so well here could be the catalyst that sends the cryptocurrencies higher through the resistance level.

bitcoin and Ethereum macro beating

Ethereum and Bitcoin have held up extremely well compared to the S&P 500 and gold. | ETHUSD on TradingView.com

The Changing Of The Guard To Crypto Is Underway

The stock market is on thin ice, and precious metals cannot be upgraded or updated, and have limited use in the future as a store of value compared to cryptocurrencies.

The digital gold narrative has been working, and the steepness of the gold selloff above shows how effective the narrative has been. Crypto prices holding up so well while gold plummets, could send even more capital flowing out of metals and into the scarce digital asset.

Related Reading | Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today

Profit-taking in the currency overheated stock market will want to follow the money, wherever the grass is greener and profits are consistent. If that place is the crypto market, the flood gates of capital could finally be coming that helps to push Bitcoin to prices of hundreds of thousands of dollars per » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin, and tens of thousands of dollars per Ether.

The nascent technologies are only now coming into their own as financial assets, and institutional investors have begun to recognize the shift from traditional assets, to digital ones, and the ones who have been early thus far have been the most profitable.

Will Bitcoin and Ethereum continue to hold up this well, or will they ultimately succumb to the continuing macro beating going on across markets right now?

Featured image from Deposit Photos, Charts from TradingView.com

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://www.newsbtc.com/news/bitcoin/ethereum-bitcoin-macro-beating-gold/

Continue Reading

Blockchain

3 million active users help lift Audius (AUDIO) to a new all-time high

Republished by Plato

Published

on

As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today’s most used technologies is bound to increase. This means that it’s only a matter of time before video streaming, digital music and social media see gradual blockchain integrations take place. 

Audius (AUDIO) is one project that is chasing the first-mover advantage in the music streaming sector. The music-sharing and streaming protocol facilitates transactions between creators and listeners, making it relatively effortless for users to distribute and monetize audio content. 

The project has received increasing attention for its approach to decentralizing the music industry and on March 2 the team celebrated reaching 3 million monthly active users. 

Data from Cointelegraph Markets and TradingView shows that the price of AUDIO surged 108% since the start of March from a low of $0.38 to a new all-time high of $0.79 on March 4 as the altcoin’s trading volume spiked from $3 million to a record $55 million.

AUDIO/USDT 4-hour chart. Source: TradingView

Staking incentives drive user adoption

The first major increase in users followed the project’s October 2020 launch and the activation of staking on the Audius platform in December. This enabled AUDIO holders to earn a 7% yield for tokens that were staked on the network while they listening to music and interacted with the protocol.

By the end of January, the platform had 1.8 million active users and a total of 122 million AUDIO tokens staked on the network. These figures have since increased to 3 million users and a total of 182.5 million staked AUDIO as the platform continues to integrate new features that incentivize community involvement.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AUDIO on Feb. 28, prior to the recent price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. AUDIO price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ score for AUDIO hit a peak of 69 on Feb. 28, just before the start of a prolonged uptrend in price which was further identified by a VORTECS™ score of 80 on March 1. After pulling back over the next 3 days the score again spiked to 70, just hours before a significant rise in the price of AUDIO.

On March 5, the project revealed its plans to integrate non-fungible tokens (NFT) into the protocol as part of its effort to offer a full-service decentralized platform and expand its user base.

NFTs have become a hot topic in the cryptocurrency sector in recent months, and their integration into the AUDIO platform is likely to bring a renewed wave of interaction from users.

As blockchain technology continues to become more prominent in mainstream society, Audius appears well-positioned to become a leader in the streaming music space thanks to a rapidly expanding user base and a growing list of incentives that entice users to stay active on the platform.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://cointelegraph.com/news/3-million-active-users-help-lift-audius-audio-to-a-new-all-time-high

Continue Reading

Blockchain

Bybit to Cease Services for UK Citizens Following the FCA Ban on Crypto Derivatives Trading

Republished by Plato

Published

on

The first consequences from the FCA ban on crypto derivatives trading in the UK are evident for the popular digital asset exchange Bybit. The company announced earlier that it will suspend its services to all customers based in the United Kingdom. 

  • Established in 2018, Bybit is a cryptocurrency exchange headquartered in Singapore with a reported user base of over one million registered clients. However, the firm will seize offering its services to UK-based customers, according to a recent press release
  • The statement informed that all UK users have to close all of their opened positions and withdraw all account balances by 8 AM UTC, March 31st, 2021. Following that date, UK citizens will be “restricted from accessing or performing any trading activities on Bybit.” 
  • Furthermore, the exchange will immediately restrict all new registrations using UK mobile numbers and/or IP addresses. 
  • Bybit’s decision is a direct consequence of a ban on crypto derivatives trading in the UK instituted by the country’s regulator – the Financial Conduct Authority (FCA). 
  • CryptoPotato reported last year that the watchdog planned to prohibit the sale, marketing, and distribution to all retail customers of crypto derivatives and exchange-traded notes (ETNs).  
  • At the time, the FCA described such products as “ill-suited for retail customers due to the harm they pose.” It also outlined that traders are unable to determine a reliable value because of the extreme volatility in the market and inadequate understanding. 
  • Interestingly, though, even the UK population couldn’t stop the FCA from implementing the ban as a survey compiled by the watchdog suggested that over 97% disagreed with the decision. 
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://cryptopotato.com/bybit-to-cease-services-for-uk-citizens-following-the-fca-ban-on-crypto-derivatives-trading/

Continue Reading
Blockchain4 days ago

Why Mark Cuban is looking forward to Ethereum’s use cases

Blockchain3 days ago

Amplifying Her Voice

Blockchain3 days ago

Libra Coin – A New Digital Currency Developed by FACEBOOK

Blockchain3 days ago

Blockchain in Sports Betting

Blockchain5 days ago

The Sony PlayStation 5 Game Console Mining Ethereum with almost 100 MH/s is Not True!

Blockchain3 days ago

Bitcoin Halving: Definitive Guide (In Just 5 Minutes)

Blockchain3 days ago

DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

Blockchain2 days ago

Will Netflix soon buy bitcoin?

Blockchain3 days ago

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

Blockchain23 hours ago

How to Protect Yourself from the Cryptojacking Threat

Blockchain2 days ago

3 key Ethereum price metrics show pro traders are aiming for $2K ETH

Blockchain1 day ago

BitGo To Introduce Crypto Custodial Services To New York Clients

Blockchain1 day ago

Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

Blockchain1 day ago

XRP Price Analysis: 04 March

Blockchain3 days ago

The Hard Sell

Blockchain2 days ago

Bitcoin HODL Waves Suggest Bull Run Has Barely Started

Blockchain1 day ago

Analyst tells Tesla to dump Bitcoin for buybacks as shares plunge alongside MSTR’s

Blockchain19 hours ago

Mark Cuban’s Dallas Mavericks to Accept Dogecoin Payments

Blockchain1 day ago

Experts divided on BTC predictions: Bullish or super bullish?

Blockchain3 days ago

Da Vinci Capital Reportedly Requests $100 Million from Telegram for TON’s Failure

Trending