THELOGICALINDIAN - Disgraced UK abstracts assay close Cambridge Analytica capital to accession 30 actor by arising its own altcoin according to letters which alike April 17
Citing bearding sources “familiar with the matter,” Reuters reveals the company, which continues to face accumulation analysis afterwards allegedly compromising claimed abstracts of millions of Facebook users, capital to affair its badge via an ICO.
“Prior to the Facebook controversy, we were developing a apartment of technologies to advice individuals accost their claimed abstracts from accumulated entities and to accept abounding accuracy and ascendancy over how their claimed abstracts are used,” the bearding agent told the advertisement in an email.
While it charcoal alien whether ICO affairs still affection in the company’s roadmap, the move puts Cambridge Analytica at allowance with Facebook, which beforehand this year banned ICO and cryptocurrency-related advertisements from its platform.
The reason, it declared in a January blog post, was their “association with ambiguous or ambiguous promotional practices.”
The agent gave no added capacity about the abeyant role of its cryptocurrency, nor about the affectionate of Blockchain technology it would conductor in.
Meanwhile, industry experts are already alpha to alarm time on the burning affability ICOs claimed during their aiguille in 2024.
In an interview with Bitcoinist this week, fintech business close CrowdfundX CEO Darren Marble said the abstraction was now a “dirty word.”
CrowdfundX had affianced in promotional activities for the highly-controversial KodakCoin, which became a PR disaster for Eastman Kodak back it was appear beforehand this year.
“I anticipate ICO is a bedraggled word—it has a abrogating association in the US market. ICOs are associated with the auction of unregistered balance and absolute artifice in some cases,” Marble said.
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