Rumors: Cambridge Analytica wanted to issue its own token

Rumor has it that the company which is now being called one of the actors responsible for Donald Trump’s victory has planned to issue its own altcoin or an ICO token (name unspecified) which would have been used as a medium of exchange for private data. This information has been shared by Reuters and New York Times. Note that many news surrounding corporate altcoins often require additional confirmation, and there hasn’t been any in this case as well.

The representatives of Cambridge Analytica have not responded to the press inquiries neither positively nor negatively. Instead, they stated that before the big scandal with Facebook emerged, they had indeed planned various methods for clients to engage with private data and blockchain was also considered as a structural component. This can be interpreted as an indirect confirmation, although blockchain can be used without necessarily making a new coin.

Cambridge Analytica, Facebook and Donald Trump are united in a very sensational story of how the use of the Internet private data collection in big amounts has led to the rise of popularity of the Republican presidential candidate even despite his imprudent statements shared by the traditional media channels favoring the candidate from the rivaling party. However, cryptocurrency has no connection to this story.