Day: April 17, 2018

17.04.2018

MALTA: The World Blockchain Forum was today the stage for the launch of a new full stack Blockchain services provider that will help the Blockchain and crypto communities capitalise on market opportunities in Malta.

Decentralised Ventures is a partnership between Malta-based Initial Coin Offering (ICO) specialist TokenKey and token research and Blockchain consultancy Strategic Coin Inc.

It has been set up to support the Maltese government’s plans to create the world’s first fully regulated market for ICOs, distributed ledger technology (DLT) and virtual currencies.

TokenKey CEO Chris Emms officially unveiled Decentralised Ventures during his speaking slot at the two-day World Blockchain Forum, a gathering of investors, economic pioneers and technology leaders held in Dubai.

Commenting on the new company’s objectives, Chris said: “Malta will be the first country to provide regulatory certainty in real terms to the Blockchain and crypto community. We are proud to be the first full-stack service provider here to support Malta’s ambition to become ‘Blockchain Island’ through our many industry-leading clients and partnerships.”

Jeffrey Weinberger, President of Strategic Coin – “Strategic Coin is happy to be a partner in this venture to support the government of Malta. We firmly believe in the power of blockchain technology to transform and decentralize business processes, and we stand ready to assist any company looking to participate in Malta’s certain and favorable regulatory climate with our expertise in token generation events, research and branding.”

Malta’s efforts to seize the initiative in crypto markets has already seen two of the world’s largest cryptocurrency exchanges,  Binance and OKEx, announce plans to move operations to the Mediterranean island.  Binance alone handles daily exchange volumes in excess of $2 billion.

Decentralised Ventures aims to play a pivotal role in encouraging more businesses and organisations to take advantage of Malta’s forward-thinking regulatory approach.

One of the company’s key strategic goals – encapsulated in its name – is to support the development of fully decentralised financial markets built on Blockchain and other DLT platforms. Its full stack service approach is intended to help new players get off the ground and flourish in Malta’s supportive regulatory environment.

Covering advisory, strategic planning, technical, sales and marketing, Decentralised Ventures offers a complete list of end-to-end services for any organisation involved in or looking to enter the token, crypto or peer-to-peer lending markets.

Specialist areas include regulatory and compliance guidance, drawing on a wealth of jurisdictional expertise in Malta. The company leverages the considerable market knowledge of its partners to offer business strategy consultancy services for new token launches, smart contract audits for Ethereum, EOS and RSK plus a broad range of technical solutions.

It also provides payment services for exchanging tokens to fiat, advisory introductions to the top industry service providers, and sector-specific marketing and PR services.

Malta’s decision to establish a regulated DLT market is in contrast to the position being taken by many national governments across the globe. A number have signaled intentions to crack down on Blockchain-based financial markets, including ICOs and cryptocurrencies, reflecting unease amongst traditional, centralised economic administrations over their potential impact.

In February, Malta’s government announced plans to set up a new body called the Malta Digital Innovation Authority. Amongst a range of responsibilities, part of its remit will be to certify companies which wish to make use of DLT platforms for financial and other purposes.

Malta is now widely seen as being in pole position to steal a march on other economies in reaping the enormous benefits on offer from DLT-based industries.

Malta’s Prime Minister Joseph Muscat recently said: “These Blockchain operating companies are coming to Malta… because of our innovative regulatory structure that will certainly be the first, and I think also the best, in the world.”

About TokenKey

TokenKey specialises in end-to-end solutions for ICO and token launches, assisting clients around the globe in getting projects off the ground with crypto- and Blockchain-based crowdfunding and peer-to-peer financing. From initial concept to delivery, TokenKey provides a full project management service, combining in-depth technical and market expertise to allow clients to focus on their core business.

www.tokenkey.io

About Strategic Coin Inc

Strategic Coin Inc. is a leading research and advisory firm specializing in the token, Blockchain and cryptocurrency markets. Strategic Coin Inc. provides due diligence research, brand identification, media coverage and advisory services to companies that are looking to integrate Blockchain technology into their business model and successfully create tokenized networks.  

https://strategiccoin.com/

For further information:

http://decentralisedventures.com/

Email: [email protected]

Telegram: https://t.me/decentralisedventures

Twitter: https://twitter.com/DecVentures

Facebook: https://www.facebook.com/decentralisedventures/

LinkedIn: https://www.linkedin.com/company/decentralised-ventures/

Anna Melton

Email: [email protected]

Tel: +447479818853

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Bitcoin ATMs are becoming increasingly popular as the adoption of cryptocurrencies are becoming more mainstream.  They make buying and selling cryptocurrency much more accessible than ever before.

The company leading the way to mainstream adoption is Bitcoin Depot.

Bitcoin Depot has recently installed its 125th ATM, adding to the company`s rapidly growing Bitcoin ATM network.  Its convenient physical locations are making a significant impact on cryptocurrency adoption and usage. All Bitcoin Depot ATMs now support Litecoin, Bitcoin Cash, and Ethereum which are much quicker to transact with and have lower-fees than Bitcoin. Bitcoin Depot currently provides cryptocurrency access to 85 million in 15 states nationwide.

Other options to purchase cryptocurrency such as online exchanges often take weeks to verify your account making it very difficult and frustrating to buy or sell cryptocurrency, especially during times of extreme market fluctuation. In December 2017, the Bitcoin price was at an all time high. During this time, transactions at Bitcoin ATMs were skyrocketing and Bitcoin Depot was able to handle the transaction volume with no issues. However, Bitcoin exchanges were getting thousands of new users per day and were unable to handle the increased requests. Some exchanges were so overwhelmed that new user registration was disabled entirely.

Bitcoin Depot offers instant verification. No extensive document list, bank accounts or credit cards are required to transact, only cash is needed. Anyone can quickly get verified and transact using a valid phone number. (Larger transactions require an ID.)

Bitcoin Depot takes pride in its customer service. You can easily call and talk to someone in the company’s office. Questions and concerns can be quickly addressed via email, text and phone support. Most Bitcoin companies do not offer phone support and are slow in responding to e-mail, causing many customers to become angry and skeptical of the integrity of the business.

Given the complex and often misunderstood nature of cryptocurrency, Bitcoin Depot handles this skepticism well by ensuring that customers feel safe and can easily understand how to transact. “The majority of our customers are return customers” says Bitcoin Depot CEO Brandon Mintz, a testament to earning customer trust and brand loyalty.

Find a Bitcoin Depot ATM near you.

Company site: bitcoindepot.com

Company email: [email protected]

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

An Indian startup is taking the country’s central bank to court over its decision to bar banks from dealing with crypto businesses.

Amazon received a patent for streaming data marketplace, that allows customers to receive real-time data of cryptocurrency transactions. #NEWS

You can now buy porn using Verge coin, Porn Hub made this official yesterday. Of course, this is breaking the crypto-sphere and sinking Verge because investors expected more. Litecoin founder is endorsing this move. In a tweet to Porn Hub, Charlie asked them to message them about a potential deal.

This is definitely interesting because Litecoin continue to attract merchants and financial payment players to its platform. Porn is a $14B industry and so it won’t be a bad addition. In general, altcoins under our focus are in the green and others as IOTA might continue to edge higher today.

Let’s have a look at these charts:

XLM/USD (Stellar Lumens)

Stellar Lumens Daily Chart by Trading View

With an impressive market cap of $5.83B, Stellar Lumens continues to cement its position at the top 10 most liquid cryptocurrency in the whole. As you might be aware, Ripple and Stellar compete for the same clients and/or interest but unlike the latter, this coin is inherently meant for normal users due to its distribution nature and design. Fundamentally, there is little to talk about Stellar but price wise, traders are optimistic.

In the last 24 hours alone, Stellar Lumens is up 13 percent as I type this and as it is there is more room for upside potential. I will recommend trading with the trend and from our previous Stellar Lumens technical analysis, our short term target is at $0.40 and $0.50. Because of this bullish skew, those who are not in this trade should actively look for under-valuation in lower time frames and buy this coin.

IOT/USD (IOTA)

IOTA Daily Chart by Trading View

Undoubtedly, IOTA touts itself as the go-to facilitator of the Internet of Things (IoT). To further juice it up, both IMF and the EU recognizes the benefits of IoT and blockchain and so it is therefore not rocket science to see the potential of IOTA in the long term. Remember, it’s the long-term investment that is always lucrative and not these minor short term swings we are currently witnessing.

To emphasis the real life application is IOTA, Dr Rolf Werner will be demonstrating this at the Hannover Messe where Angela Merkel shall grace the event.

Dr Rolf warner will be showing demo of iota use case at Hannover messe https://t.co/pn5oBawPy7

— Crypto.BI (@cryptodotbi) April 17, 2018

The presence of Merkel is by itself significant but during this industrial fair, Fujitsu shall also introduce IOTA to the people.

#Fujitsu will introduce the #IOTA technology with a Live-Demo at the largest industrial fair in the world #HannoverMesse Industrie in #Germany next week! https://t.co/NGtpjhvMyw #Industry40 #HM18 @RolfWerner @Fujitsu_DE @hannover_messe @iotatoken @DomSchiener @DavidSonstebo

— IOTA News (@iotatokennews) April 17, 2018

Price wise, IOTA is up 3 percent with a market cap of $4.53B. Technically, prices are slow but we expect higher highs today. In that case, I recommend buys with targets at $3 in line with our previous IOTA technical analysis. After all, stochastics are bullish and candlesticks are beginning to band along the upper BB meaning buy momentum is high.

EOS/USD (EOS)

EOS Daily Chart by Trading View

No major take-away from the news front in the last 24 hours besides WAX EOS blockchain fork and subsequent clarification from Block One. As far as price is concerned, it looks like EOS is still trending within a $2 range. The upper limit and our short-term resistance trend line is at $9.7 or April 13 bear pin bar.

Regardless of this correction phase following April 15 events, EOS is up adding 6 percent in the last 24 hours. I will hold my cards close to the chest and practice caution despite high time frame trends over-riding short-term price movements.

As you can see, there is a stochastic sell signal but still I remain bullish. In this regard, I shall wait until prices break above $10 and April 13 highs before urging traders to buy on dips with targets at $15 or 2018 highs.

LTC/USD (Litecoin)

Litecoin Daily Chart by Trading View

Verge and Charlie Lee have something in common. Both are controversial and apparently love the limelight. Following Verge-Porn Hub partnership, Charlie was the first one to send his congratulations to Verge Founder Justin.

I think I was a bit too negative on this news. Wasnt trying to be. Anyways, congratulations to @justinvendetta and the Verge team. Porn industry is definitely a leading indicator of technology adoption. I'm glad to see them opening up to cryptocurrency. https://t.co/lS9bekE3aS

— Charlie Lee [LTC] (@SatoshiLite) April 17, 2018

Not being self righteous but we must agree that the adult industry is a multi-billion industry. Sex sells! Waiting for Litecoin? It will be awesome right? Anyways, following CoinOne and TenX steps, Korbit and Wirex shall be listing and availing Litecoin cards respectively.

Seems like another Litecoin debit card in the works. Not hyping… Just excited to see so many companies supporting Litecoin! #PayWithLitecoin https://t.co/ctyxPabRfA

— Charlie Lee [LTC] (@SatoshiLite) April 17, 2018

To be specific, Korbit shall avail Litecoin pairs for trading starting today.

Tomorrow, @KorbitBTC will launch LTC trading. It's awesome that one of the oldest Korean exchanges will now support Litecoin. I still remember asking Korbit many years ago.

I have donated 100 LTC for a promotion. See blog post for more details. https://t.co/f2H4HoJm9p

— Charlie Lee [LTC] (@SatoshiLite) April 17, 2018

When we take a look at the chart, Litecoin buyers are pushing prices higher. Yes, we are still trading within a $20 range. As per our initial Litecoin trade plan, we need a strong break above $140 for prices to eye $180 in the coming weeks.

NEO/USD (NEO)

NEO Daily Chart by Trading View

It’s hard to argue but blockchain technology is still at its early stages. NEO is one of them and as developments continue and more ICOs launch on the platform, we expect the demand of NEO to rise. That’s not hard to figure out and remember, relative to Ethereum, NEO is under-performing and therefore has more upside potential.

Aside from this fact, Switcheo, a NEO DEX is live and allows trading of NEO, GAS and a host of other NEP-5 tokens as RPX and later on, it shall allow trading of QRC-20 tokens. This is good news for NEO and GAS.

Why $swh switcheo is the next big thing

First Dex on neo
Dex with neo and eth,qtum token coming soon
Mcap just 5m currently

Using coin burn system similar to binance

All neo ico first to launch on $swh
Good team
Mainnet ready$btc $eth $ltc $neo $ven$trx $ven $icx $xrp $wan

— cryptoknight (@Aminder17) April 2, 2018

Price action wise, Sellers are driving prices down and considering our previous projection, we can only take long positions when a stochastic buy signal prints at $60 or when prices break past $70.

Image from Shutterstock.

The post NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 18, 2018 appeared first on NewsBTC.

Taklimakan Network has just launched a sneak peek at their cryptocurrency educational and analytical tool. The new demo version is available on their website at taklimakan.network. The demo launch gives users a preview of the platform, along with its news and educational features, and allows users to provide feedback to the developers to ensure that their needs are being covered by the app.

The demo gives an overview of the project’s capabilities, including a first look at what Taklimakan calls their TN Crypto 100, which is their index of the top 100 cryptocurrencies. The TN Crypto 100 will be updated bi-weekly based on traditional market capitalization metrics. The platform nomenclature will be familiar to anyone who follows or participates in trading activities in traditional markets, since performance reporting will be based on typical indicators, including Alpha, Beta, R-squared, and Sharpe ratios. The TN Crypto 100 is produced by analyzing the top 10 trading exchanges, which are chosen by trading volume in units. Metrics are adjusted every two weeks to ensure that TN Crypto 100’s reported top exchanges remain as up to date as possible. The platform monitors how cryptocurrencies are functioning against market indexes and measures things like volatility and index performance.

If any of this sounds confusing, then according to Taklimakan’s Co-Founder Rashid Yussup this could be the platform to take a closer look at. It’s meant as a resource that can get anyone at any level of proficiency reasonably up to speed on these complex topics. According to Yussup, there is no doubt that as more and more people become interested in how crypto works, there will be other apps intended to appeal to would-be cryptocurrency buyers, but those other apps tend to focus on trading and the establishment of trading terms and conditions. “Our platform aims to be much more than that, by actively bringing novices together with financial analysts and crypto-mentors to help anyone who is interested in cryptocurrency increase their financial literacy level,” he says. “We really believe in the endless possibilities of blockchain and cryptocurrency to change the world, and we want to play an integral role in making them part of the mainstream, through education and meaningful collaboration on our platform.”

In other words, the aim of the platform is to engage all levels of interest and expertise within the ecosystem. For instance, in mainstream trading, the so-called “couch potato” strategy is often recommended for people who aren’t particularly interested in actively playing the market. The point of the strategy is that even inexperienced players can basically rely on letting indexes do their work by mitigating risk while also enjoying a reasonable, albeit moderate, yield. It’s a passive strategy that requires minimal interaction by the trader. As long as your funds and bonds are behaving in line with major indexes, then the approach is working properly. The Taklimakan Network’s TN Crypto 100 emulates this strategy in the cryptocurrency sphere by aggregating and analyzing performance on various crypto exchanges based on traditional analytics but also strives to perform better than the lowest denominator. Of course, more active traders experience more volatility and potentially more rewards. The point of Taklimakan is to be a tool that is engaging and useful for everyone who has an interest in cryptocurrency trading. The project engages with active traders at every level who can give timely feedback on Alpha, Beta, and Sharpe ratios. These indicators, which are used in mainstream trading, measure market performance against overall indexes, volatility, and return over risk respectively. Because of the interactive capabilities of the platform, users can adjust their own risk appetites based on the metrics and crowdsourced knowledge of other users and experts.

The democratic ethos of the system means that it is built to encourage knowledge exchange among users so that it is a space for both learning and contributing. There are several subscription levels within the platform that gives users access to expert analysis and insights as well as a pro level for expert account holders who can develop their own mailing lists for delivering analytical reports and various trading signals.

The Taklimakan Network platform is driven by its utility token that offers in-app rewards in the form of their TKLN tokens to experts who share their knowledge on the platform. The company’s ICO is going on right now and will run until June 9, 2018. This week there is a 30% bonus available to token buyers. For more details, please visit taklimakan.io

The post Taklimakan Network Launches Their Platform Demo during the First Week of Their ICO appeared first on NewsBTC.

Reddit talks about Japan’s Final Fantasy III game that ‘predicted’ Bitcoin in 1990 by placing its symbol on the gameobject. #NEWS

TNC cross-chain asset converter debuted at the Berlin meetup in March, which marks a significant landmark for Trinity in its exploration of new territories. Rather than an independent, vertical and closed system, the “isolated islands” in the blockchain space are linked by the converter which makes it possible for the exchange of value and data.

The cross-chain asset conversion technology can be explained as a bridge linking different blockchains as a way to realize cross-chain transaction, asset conversion and information exchange among different chains. The TNC cross-chain asset converter adopts the notary schemes which is a centralized structure that selects a group of notaries to monitor the events and status on the target chain and sign the transfer of assets.

Via the TNC cross-chain asset converter released on our official website, users can convert their NEP5 TNCs on Neo into ERC20 TNCs on Ethereum.

This is how the TNC cross-chain asset converter works: send NEP5 TNCs to the conversion address with the recipient address on Ethereum attached. Once confirmed by the cross-chain notaries, TNCs will be frozen by the Neo conversion address and the Ethereum conversion contract will send equal amount of ERC20 TNCs to the recipient address that the user inserted before.

The amount of ECR20 TNCs is the same as that of NEP5 TNCs, which is 1 billion. ERC20 TNCs are not new tokens or add-issued tokens. Only 1 billion TNCs are in activation at the same time. For example, if 30% NEP5 TNCs are frozen and 70% are activated, then 30% ERC20 TNCs are activated and 70% are frozen.

Note: Activation/frozen stand for TNC status on the two underlying chains, and has nothing to do with TNCs in the ecosystem, ESOP and lock-up program of the Trinity Foundation.

ERC20 TNCs will be available on more exchanges that only support Ethereum assets, realizing cross-chain value exchange. Apart from converting NEP5 TNCs on our official website, ERC20 TNCs can be purchased on exchanges in the future.

KuCoin will list ERC20 TNCs and launch a TNC(ERC20)/ETH exchange market.

Trinity Chinese Telegram：

https://t.me/TrinityChineseCommunity

Trinity Ensligh Telegram：

https://t.me/TrinityStateChannels

Twitter:

@trinityprotocol

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

TNC Lock-up and Reward Program closed at the block height of 2148616 on April 15, 2018 with the hard cap reached. The locking address received 476 transactions in total.

The Lock-up and Reward Program started at the block height of 2145188 (the block included). The first 5,000,000 transfers (with 10% reward) finished at the block height of 2145202 (the block included).

The 5,000,000th to 15,000,000th transfers (with 7.5% reward) finished at the block height of 2146999, including a transfer of 500,000 in which 100,000 belonged to the 7.5% reward category and the rest 400,000 fell into the next reward category.

The 15,000,000th to 35,000,000th transfers (with 5% reward) finished at the block height of 2148616, including one transfers of 300,000 in which 120,000 belonged to the 5% reward category and the rest 180,000 will be returned.

Transfers made afterwards were invalid in the lock-up program. To confirm information on the lock-up program, you can use the Neo explorers that support NEP construct assets to view transaction status.

We would like to thank all community members who participated in the program.

Trinity Foundation has announced the lock-up address:

ARSFWYqHZAqGhxu1noqH9YjS3tHaiwXfya

Users can add the lock-up contract address to their monitoring wallet.

The lock-up program has a hard cap of 35,000,000 TNC with a lock-up period of 9 months. The lock-up program was released at the timestamp of the first block height after 00:00 Beijing time (UTC +8) on April 15, 2018.

Once the lock-up program starts, the earlier participants enter the locking address, the more reward they will get.

The first 5,000,000 TNC holders entering the locking address will get 10% of their locking amount as a reward,

The 5,000,000th to 15,000,000th TNC holders entering the locking address will get 7.5% of their locking amount as a reward,

The 15,000,000th to 35,000,000th TNC holders entering the locking address will get 5% of their locking amount as a reward,

The reward will be sent to the address that originally sends TNCs as lock-up. Users can receive TNCs they locked and the reward in their wallet.

The Lock-up and Reward Program follows the rules:

Each transfer ranges from 10,000 to 500,000. Transfers made after 00:00 on April 15, 2018 (Beijing time) are packed into blocks and deemed valid transfers.

For valid transfers, their valid amounts are integer multiples of 10,000.

The valid amounts stop to be accumulated after the 35,000,000 hard cap is reached.

Invalid transfers and invalid amounts of valid transfers will be rejected and refunded.

It only took less than one day for the Lock-up and Reward Program to reach the hard cap with the help of both the Trinity Foundation and its community. It represents an exploration of the blockchain industry by the development team of Trinity, which is made possible by the firm support from the Trinity community.

We want to once again thank the Trinity community for your long-standing support. Trinity is dedicated to developing a universal off-chain scaling solution. Please stay tuned for our further development.

Trinity Chinese Telegram：

https://t.me/TrinityChineseCommunity

Trinity Ensligh Telegram：

https://t.me/TrinityStateChannels

Twitter:

@trinityprotocol

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

LNK Silver Link team (Link Platform) is planning to launch their silver trading platform on April 16 starting with a User Whitelisting, five days later the Application will fully launch and minting will start at https://silverlink.io

For the users who already don’t know what Link Platform does, here is a brief overview: Silver Link Platform focuses in offering silver trading on the blockchain using the Ethereum network as host, fast selling and buying of a fully 1-1 silver backed token will be available in the platform as well as tradable in secondary markets.

LNKS Token is the name designated for this fully backed 1-1 Token.

Link Platform Team expects a big number of users being interested on this system, starting from users that are bullish on silver metal price but they are interested in an easier and faster way to acquire it rather than buying it directly from a retail seller.

LNKS will offer several features one of them is availability to sell LNKS in return to Ethereum right away with a very low spread just like most cryptocurrencies and unlike CFDs; you can redeem it for physical silver in their location or online by submitting an application.

Resources:

Blog: https://medium.com/@ethlink

Twitter: https://twitter.com/linkplatform

Reddit: https://www.reddit.com/r/Ethereum_Link/

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Last year, Cambridge Analytica was developing plans to raise money by issuing a digital currency and accompanying initial coin offering (ICO) before the firm became entangled in a scandal surrounding the misuse of Facebook users’ personal data, according to sources who spoke with Reuters. The British data analytics consultancy was looking to raise as much as $30 million, one of the sources said.

Cambridge Analytica: Digital Currency

Brittany Kaiser, a former employee of the firm, said Cambridge Analytica’s own digital currency was intended to help people store and sell their online personal data — an ironic move from a company that has been in the headlines for obtaining the personal information of up to 87 million Facebook users.

“Who knows more about the usage of personal data than Cambridge Analytica?” Kaiser said. “So why not build a platform that reconstructs the way that works?”

According to Kaiser, the effort was overseen by Cambridge Analytica’s British chief executive, Alexander Nix, who was forced out of the company in March after he was caught on tape bragging about his company’s approach to political work, including the use of shell companies and strategies designed to entrap opponents.

The Facebook data scandal and Nix’s comments appear to have put the digital currency program, which was still in the early stages, on hold — though not before Cambridge Analytica approached a firm that advises companies on how to structure and run ICOs.

“Prior to the Facebook controversy, we were developing a suite of technologies to help individuals reclaim their personal data from corporate entities and to have full transparency and control over how their personal data are used,” a Cambridge Analytica spokesperson said in an email to Reuters. “We were exploring multiple options for people to manage and monetize their personal data, including blockchain technology.”

Dragon Coin

Another person who spoke on the matter was blockchain technology consultant Jill Carlson, who attended meetings where Cambridge Analytica pitched its services to digital currency startups. Carlson said the company’s pitch was contrary to the hallmark ideas of openness and transparency that drew her to digital currency projects like Bitcoin.

“The way that Cambridge Analytica was talking about it, they were viewing it as a means of being able to basically inflict government control and private corporate control over individuals, which just takes the whole initial premise of this technology and turns it on its head in this very dystopian way,” she said.

Despite this fact, Cambridge Analytica did win over some clients. Last summer, Kaiser’s team began working with  Dragon Coin, a digital currency used in gambling operations that runs on the Ethereum blockchain. The coin was designed to make it easier for people to get their money to casinos in Macau, an island that is officially a part of China but maintains some independent political structures.

Cambridge Analytica didn’t have a large public role in promoting Dragon Coin, but behind the scenes the company emailed potential partners and investors and arranged for some of them to take all-expenses-paid trips to a Dragon Coin event last year.

Image from Shutterstock.

The post Reuters: Cambridge Analytica Planned to Issue Digital Currency and ICO appeared first on NewsBTC.