Cambridge Analytica Attempted To Develop Its Own Cryptocurrency To Raise Funds Through An ICO

Cambridge Analytica Attempted To Develop Its Own Cryptocurrency To Raise Funds Through An ICO

cryptocurrency exchange Uncategorized
April 18, 2018 by Bitzamp
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Cambridge Analytica Attempted To Develop Its Own Cryptocurrency To Raise Funds Through An ICO Cambridge Analytica, the political data company at the heart of the recent Facebook scandal, attempted to develop its own cryptocurrency this past year and intended to raise funds through an initial coin offering. It was reported that the company also had
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Cambridge Analytica Attempted To Develop Its Own Cryptocurrency To Raise Funds Through An ICO
Cambridge Analytica, the political data company at the heart of the recent Facebook scandal, attempted to develop its own cryptocurrency this past year and intended to raise funds through an initial coin offering.

It was reported that the company also had a cryptocurrency in process. Their plans was to launch an ICO and promote a virtual token to allow people to sell their personal data and earn profits by having them downloaded for the recent Facebook scandal in which they exposed their data collection activities.

The strategy was part of a broader push that the firm was making into the world of cryptocurrencies throughout 2017. Cambridge Analytica was previously better known to the public for the acquisition of data for use in political campaigns.

Kaiser was in charge of the activity of coin offerings business at CA; the company, which specializes in profiling people so their views can be influenced for political campaigns, has its services in numerous companies that build virtual currencies. And that’s where things got even stranger.

In the end, Cambridge Analytica has published a successful work for political campaigns around the world. A virtual currency could help the company expand its influence even further. However, this whole Cambridge Analytica cryptocurrency project could disappear.
The Cambridge Analytica with the ICOs briefing is a strange convergence of two dubious parts of the Internet that are now undergoing a new scrutiny: cryptocurrency and personal data.


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