Bitcoin Adoption Among Far-Right Extremists Leaves Its Mark on the Blockchain

Bitcoin Adoption Among Far-Right Extremists Leaves Its Mark on the Blockchain
Bitcoin as a means of payment among far-right extremists is growing in popularity, according to cryptocurrency analytics firm Elliptic, which is tracking traces left on the blockchain by such groups.A flight to censorship-resistant crypto by far-right actors has been driven in recent years by large internet platforms like PayPal blocking extremists, with deplatforming efforts starting in earnest following Charlottesville’s bloody “Unite the Right” rally in August 2017.Some prominent far-right extremists have even gone as far as declaring that bitcoin is now the currency of the alt-right. This matters because domestic terrorism in the U.S. associated with such groups is on…