Banned From PayPal, Right Wing Reporter Tommy Robinson Turns To Bitcoin

  • Tommy Robinson, has been banned from using PayPal.
  • As a result of this movement, Robinson is turning to Bitcoin to fund his business.

Tommy Robinson, British reporter and commentator associated with the alt-right, was recently banned from using PayPal. In a livestream on Facebook, Robinson explains that he didn’t know about the situation until BBC news reported on it late last night.

Robinson’s business is completely donation funded, and as such, needs a way to receive payments without censorship. As a result, Robinson has resorted to the largest censorship resistant currency in the world: Bitcoin.

In the video, Robinson explains that “they haven’t given a reason” for shutting down his account. He also noted that he will be unable to contact PayPal for 180 days, effectively freezing his funds for six months. On Facebook, Robinson shared a screenshot of what PayPal looks like when he logs on:

Tommy Robinson PayPal Message

It’s unclear at this time what violations prompted PayPal to ban Robinson from their platform. Robinson, considered a controversial figure by many, describes himself as a “best-selling author and independent reporter bringing you the truth and stories others try to hide.” Robinson has faced issues with bans in the past -  earlier this year, he was banned from Twitter. To his Facebook post, he added:

Look at the PayPal Fascists, can't even explain what exactly I have done that is not inline with their User agreement . They steal our funds for 6 months? Screw Paypal and the establishment if you still want to support me you can do so without Paypal at www.supporttommy.com or using Bitcoin wallet 3MspPzwvsAwNHG2UsFMXzA6LVhHRqzajRc.

Robinson is not the first right-wing personality to be banned from PayPal. In the past year, PayPal has banned free-speech social media platform Gab - which saw Coinbase shut down its account this year - and right wing news site InfoWars from using their services. Both of these websites now accept Bitcoin.

In addition, WikiLeaks has been banned from PayPal since 2010. During that time, WikiLeaks announced that they would accept Bitcoin. Considering that Bitcoin was trading in the single digits at the time, this was big news for the flagship cryptocurrency, and led to many people learning about its benefits.

PayPal has not disclosed the reason for Robinson’s ban, but it could be due to his recent legal issues. In May of this year, Robinson was arrested for “breach of the peace” while reporting on the case of the Huddersfield grooming gang, a child sex abuse ring in the UK. In this case, Robinson was convicted for violating reporting restrictions that were imposed by the judge. Although initially sentenced to thirteen months in jail, he was later released on bail in August 2018 after it was found that his sentencing was unfair.

Crypto Market Update for 24 February 2020: BTC, ETH, ADA, and TRX

Siamak Masnavi

This article provides an overview of how Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and TRON (TRX) have been doing over the past 24-hour period, and covers recent news that might have affected their prices (or might do so in the future).

To give you a rough idea of how well the crypto markets are doing today, 18 out of the top 20 cryptoassets (by market cap) are currently in the red (against the dollar).

All market data used in this article was taken around 10:00 UTC on 24 February 2020 from CryptoCompare, which also provided the price charts shown in this article.

Bitcoin

BTC-USD 24 Hour Chart on 24 Feb 2020.png

BTC-USD is trading at $9,715. This means that the Bitcoin price has been under the $10K level since February 20. Still, Bitcoin has still managed to gain +37.60% against USD in the year-to-date (YTD) period.

As for why Bitcoin is having trouble breaking through the $10K level, one theory is that Bitcoin is currently being seen more as a "risk-on" rather a "risk-off" asset; another is that Bitcoin whales are manipulating the market.

Here is prominent crypto analyst/trader Josh Rager with some technical analysis of Bitcoin's latest price action:

Ethereum

ETH-USD 24 Hour Chart on 24 Feb 2020.png

ETH-USD is trading at $265.99. Although ETH-USD has dropped 0.92% in the past seven-day period, for the YTD period, it is up +103.37%.

Cardano

ADA-USD 24 Hour Chart on 24 Feb 2020.png

ADA-USD set a six-month high on February 14 when it hit $0.07083. Since then, it's been going downhill.

Although the 7-day and 10-day pictures look bad, Cardano's return-on-investment (ROI) figures (against USD) for the 30-day, YTD, and 90-day periods look quite decent, being +36.99%, +76.77%, and +60.44% respectively.

On February 21, IOHK tweeted that the Cardano network had successfully carried out a scheduled network upgrade (a hard fork) to bring in Ouroboros BFT (a new consensus mechanism):

 TRON

TRX-USD 24 Hour Chart on 24 Feb 2020.png

TRX-USD is trading at $0.0204, which means that TRON is currently the 16-th most valuable cryptoasset by reported market cap.

TRX-USD has dropped -6.35% in the past 7-day period, but so far in 2020, it is up +54.45%.

Earlier today, in an article for Coindesk, Alexander S. Blum, the Chief Operating Officer of crypto finance firm Two Prime, wrote:

"Viewed through the lens of traditional finance, TRON is acting pretty predictably. It is acquiring more market share through the acquisition of weakened competitors, like BitTorrent, and their networks while promoting their retail financial product. They’re performing a balancing act between being a financial product and a technical one...

"Justin is leading TRON as a for-profit business pretty well. Why does that irk many hardcore developers? For those in the Western world sticking up their noses at TRON, it’s worth reflecting on how deeply elitist it is to judge from a position of pure technical idealism...

"The emergence of TRON in highly competitive Asian markets is commendable. They are pioneering a new business model and creating wealth ex nihilo – out of thin air – because they focus on what works today. Their users share the company’s pragmatism. TRON, EOS and Ripple are pioneering community-centric financial products that offer exciting new models for wealth creation."

Featured Image by "AhmadArdity" via Pixabay.com