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Stephen Bannon Buys Into Bitcoin

WASHINGTON — Stephen K. Bannon, 10 months removed from the job of chief strategist to President Trump and five months after his ouster from the arch-conservative news site Breitbart News, is betting that Bitcoin and other cryptocurrencies can disrupt banking the way Mr. Trump disrupted American politics.Mr. Bannon won’t reveal very much about his cryptocurrency plans — he worries that the controversy that comes with his name could have a bad impact on projects just getting off the ground.But he has had private meetings with cryptocurrency investors and hedge funds where he has discussed working on so-called initial coin offerings through his investment business, Bannon & Company.…

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Justice Department and F.B.I. Are Investigating Cambridge Analytica

Cambridge Analytica has denied using Facebook data on the 2016 campaign. An internal audit commissioned by Cambridge described Mr. Nix’s statements in the video as an exaggeration.Cambridge Analytica grew out of the SCL Group, a well-established British company that specialized in psychological research for defense and intelligence agencies but also worked on election campaigns, chiefly in developing countries.In 2014, SCL executives persuaded Mr. Mercer to bankroll a new United States-based firm, Cambridge Analytica, that would break into the growing political data market with a promising new product: psychological profiles of millions of American voters. The new company was overseen by Mr. Mercer’s daughter, Rebekah, and then adviser,…

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Facebook Fallout Deals Blow to Mercers’ Political Clout

“They’re selling magic in a bottle,” said Matt Braynard, who worked alongside Cambridge on the Trump campaign, for which he served as the director of data and strategy, and now runs Look Ahead America, a group seeking to turn out disaffected rural and blue-collar voters. “And they’re becoming toxic.”The Mercers have made no public statements about Cambridge Analytica’s troubles. Through a spokeswoman, Ms. Mercer declined to answer questions about her role in Mr. Trump’s circle or the Facebook meeting about Cambridge Analytica. But the effort by Ms. Mercer’s friend to help mend fences with Facebook hints at both Cambridge’s importance to her family’s political ambitions and the…

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