How the #Pentagon paid a British PR firm
$500 million for top secret Iraq #propagandaThe Pentagon gave a #controversial UK PR firm over half a #billion#dollars to run a top #secret propaganda #programme in Iraq, the Bureau of Investigative Journalism can reveal.In his 2011 article Covert Intelligence Provision in Iraq, Segell notes that US law prevented the government from using propaganda on the domestic population of the US. In a globalised media environment, the Iraq operations could theoretically have been seen back home, therefore “it was prudent legally for the military not to undertake all the…activities,” Segell wrote.
The work consisted of three types of products. The first was television commercials portraying al Qaeda in a negative light. The second was news items which were made to look as if they had been “created by Arabic TV”, Wells said. Bell Pottinger would send teams out to film low-definition video of al Qaeda bombings and then edit it like a piece of news footage. It would be voiced in Arabic and distributed to TV stations across the region, according to Wells.
The #American origins of the #news items were sometimes kept hidden. In 2005, revelations that PR contractor the Lincoln Group had helped the Pentagon place articles in #Iraqi newspapers – sometimes presented as unbiased news – led to a DoD investigation.
#Chinese#mining hardware giant #Bitmain has reportedly made higher #profits in 2017 than long time #American graphics processing unit (GPU) manufacturer Nvidia, #CNBC reported Feb. 23.
CNBC writes that according to a report published Feb. 21 from #investment research company #Bernstein the four-year-old Bitmain reportedly made between $3 and $4 #billion in operating profit in 2017, whereas Nvidia, founded 24 years ago, made about $3 billion during the same period.
Bitmain, founded in 2013 by Jihan Wu and Micree Zhan, uses Application-Specific Integrated Circuit (ASIC) cards to mine Bitcoin #BTC sells ASIC-powered #AntMiner#BTC mining rigs, and also operates “mining pools”, a system in which #cryptocurrency miners share resources and split rewards.
Nvidia-manufactured graphics cards reportedly tend to appeal more to “hobby miners”, who may choose to buy a conventional GPU, rather than investing in a more powerful and expensive ASIC-powered rig, like Bitmain’s #AntMiner
The Bernstein analysis reports that Bitmain holds 70 to 80 percent of the market for #Bitcoinminers and ASIC cards, with most of the revenue made from selling the mining rigs, “and, to a much lesser extent, by collecting management fees from the mining pools it operates and renting out the mining power of its mining farms through cloud services." The rising price of BTC in 2017 especially has also contributed to Bitmain’s profits, for the Bernstein report writes that, "Bitmain shrewdly adjusts the prices of miners according to bitcoin prices." When the price of BTC rose to $20,000 in December 2017, Bernstein reported that the price of Bitmain’s #AntminerS9 hit almost $5000.
#Tesla#Billionaire#ElonMusk Says He Owns $2.5K In #BTC Or ‘Literally Zero #Cryptocurrency ’
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Elon Musk, the #techbillionaire and #entrepreneur known for founding and leading #TeslaMotors and #SpaceX revealed on #Twitter Thursday Feb. 22, how much #Bitcoin#BTC he owns — 0.25 BTC or about $2,478 as of press time, or 0.000012% of his total net worth.
Musk’s #cryptocurrency holdings reveal comes after a number of fake accounts posing to be various well-known figures, including Musk, cropped up on Twitter promising crypto donations to those who send them #crypto
On Feb. 22 a Twitter user concerned about the scam accounts asked Musk in a tweet "why is all the spam popping up lately?" Musk responded that he had already reported the issue to Twitter #CEO#JackDorsey to no avail. Evidently as a way of explaining his surprise at the multiple scams, Musk noted in the same tweet that apart from the 0.25 BTC a friend had given to him “many years ago”, he "literally own[s] zero cryptocurrency." The Bitcoin sum he reports to own is indeed an extremely small fraction of Musk’s total net worth, which stands at $21.4 #billion as of Feb. 24.
In November 2017, Musk denied rumors suggested by former SpaceX intern #SahilGupta that Musk was probably #SatoshiNakamoto the legendary anonymous creator of #Bitcoin
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