In the World of Cryptocurrency, Even Good Projects Can Go Bad
SAN FRANCISCO — While scams proliferated in the unregulated world of virtual currencies over the last year, a company in Switzerland called Envion seemed to be one of the more legitimate outfits creating its own cryptocurrency. Envion said it had collected $100 million from investors this year with a plan to bring clean energy to the computers that manage Bitcoin. The project was reinforced by partnerships with German businesspeople and politicians and with a German academic institution, and promises of compliance with Swiss and American laws. But like so many…
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