Cambridge Analytica was reportedly exploring an ICO • TechCrunch

In essentially the most 2018 factor of the yr to date, Reuters and The New York Times are each reporting that Cambridge Analytica was speaking to crytpocurrency specialists in preparation for the launch of its personal preliminary coin providing. After all, issues might have gotten a bit off-track when the corporate was revealed to have obtained the information of as many as 87 million Fb customers. Life, as they are saying, comes at you quick.

In keeping with Reuters sources, the embattled agency was trying to challenge its personal digital foreign money in an effort to lift upwards of $30 million. Comprehensible, maybe — startups reportedly raised $5.6 billion by way of ICOs in 2017 alone. Absolutely Cambridge Analytica was well-positioned to get in on that motion. 

The corporate wouldn’t verify whether or not it was nonetheless trying towards digital foreign money as a fundraising technique shifting ahead, although it did inform the information company that utilizing blockchain for safety functions remains to be very a lot on the desk.

“Previous to the Fb controversy, we have been creating a set of applied sciences to assist people reclaim their private knowledge from company entities and to have full transparency and management over how their private knowledge are used,” a spokesperson stated. “We have been exploring a number of choices for folks to handle and monetize their private knowledge, together with blockchain know-how.”

The Instances additionally confirms by way of leaked emails that CA’s work with one other digital foreign money, Dragon Coin, “related the agency” with a gangster know as Damaged Tooth. Although Dragon Coin’s founder denies any reference to Mr. Tooth.

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