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Cambridge Analytica Reportedly Planned To Release Digital Currency

Published 04/17/2018, 04:29 PM
Updated 04/17/2018, 06:02 PM
Cambridge Analytica Reportedly Planned To Release Digital Currency
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Cambridge Analytica was planning to raise money by issuing a digital currency prior to becoming involved in a scandal regarding the misuse of data from Facebook (NASDAQ:FB), sources familiar with the matter told Reuters April 17.

Sources say that Cambridge Analytica had consulted with a firm that advises companies on how to structure Initial Coin Offerings (ICOs). While it is unknown if the data analytics consultancy is still pursuing plans to develop a digital currency, a spokesman told Reuters that the firm was considering using Blockchain to secure online data:

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