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The Bail Bloc Initiative has started using the cryptocurrency promoted for charity to help people get out of the pretrizia incarceration of Immigration and Customs (ICE), according to a Tweet published by a co-founder of Bail Bloc on November 15th.
ICE is a police agency of the United States federal government, whose mission is to monitor cross-border crime and illegal immigration. In 2017, the agency conducted 143,470 administrative arrests overall, 92% of which resulted in a criminal conviction or a pending criminal charge.
In ICE detention, people are required to pay an immigration bond in exchange for their immediate release, although statistically only 47% of those detained receive a hearing. Those who can not afford to pay the bond, or who have no connection at all, must wait for their hearing while they are being held, which could last from months to years.
Bail Bloc has set the goal of helping the accused immigrants to pay the deposit with the money raised through the extraction of cryptocurrencies. The initiative has released an app that consumes a small part (from 10 percent by default to 50 percent optional) of the power of users' computers to extract Monero (XMR) once installed.
The organization says that at the end of each month it exchanges XMR with US dollars and donates the profits to the Immigrant Bail Fund in New Haven, Connecticut. Bail Bloc ousted 44.34 XMR, which equates to $ 7.356.36 US dollars. This sum is sufficient to save 12 people, according to the website of the organization.
Bail Bloc says he has chosen XMR because it is an ASIC-resistant cryptocurrency, which means that consumer-grade computers are able to extract money "in an economically viable manner", while computers designed for the sole purpose of to encrypt the extraction can not.
The ICE's approach to immigration policy has sparked strong controversy in the United States. In May, reports from federal authorities lost track of nearly 1,500 immigrant children in custody. As reported by the Washington Post, the children had been separated from their immigrant parents. According to the policy of pursuing "100%" of those crossing the border illegally, the children were separated from their parents when adults were accused of a crime.
At the time of printing, XMR traded at around $ 87, down 0.82 percent in the last 24 hours, according to CoinMarketCap. The market capitalization of the currency is about $ 1.4 billion, while its daily trading volume is about $ 18.9 million.
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