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This was an initiative by Macau gaming company Dragon Corp to integrate digital currencies into the world\u2019s biggest gambling hub by offering investors the opportunity to own part of the Dragon Pearl floating casino, which is currently under construction. <\/span><\/strong><\/p>\nIt would also allow people to buy a stake in the Dragon Pearl\u2019s future junket operations and facilitate the movement of money for gamblers in and out of Macau, bypassing restrictions imposed by the Chinese government.<\/span><\/strong><\/p>\n<\/div>\nBut the project also appeared to be linked in some way to notorious 14K Triad boss \u201cBroken Tooth\u201d Wan Kuok-koi. In September 2017, Wan turned up to a ceremony celebrating the signing of a deal between Dragon Corp and its Thai based technology partner, where he was snapped by a photographer for the South China Morning Post<\/em>.<\/em><\/p>\n\u201cBroken Tooth\u201d Listed as Dragon Coin Backer<\/strong><\/h2>\nIn a subsequent interview with Business Insider,<\/em> Dragon Corp CEO Chakrit Ahmad denied reports that Wan was financing the project. But Brittany Kaiser, a former Cambridge Analytica director, told TNYT<\/em> that documents sent in September to potential investors, including herself, listed Wan as a major sponsor of the ICO and even included his picture.<\/p>\nKaiser said Cambridge Analytica was employed by Dragon Corp to promote the ICO behind the scenes and to find potential investors. The UK-based company arranged for prospective investors to take all-expenses-paid trips to Dragon Coin events in Macau.<\/p>\n
Kaiser now regrets her time at Cambridge Analytica. This week she has been testifying in front of the UK parliament committee that is investigating the extent to which her former employers harvested data to influence voters in 2016\u2019s US elections and Brexit vote.<\/strong><\/p>\nShe told TNYT<\/em> she felt the company was subverting the core ideal of cryptocurrencies \u2013 openness, transparency and liberation from state-control \u2013 which was what initially attracted her to working with crypto-based projects.<\/p>\n\u201cThe way that Cambridge Analytica was talking about [cryptocurrency], 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,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cambridge Analytica, the controversial firm at the center of the Facebook data harvesting scandal, planned to launch its own cryptocurrency that would enable adopters to profit from selling their own personal data. According to the The\u00a0New York Times, before it became the focus of the world\u2019s attention for all the wrong reasons, the company planned […]<\/p>\n","protected":false},"author":36,"featured_media":75750,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,10],"tags":[],"acf":[],"yoast_head":"\n
Cambridge Analytica Planned to Launch Its Own Cryptocurrency<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n