Securities commissioners and trade experts have refused Australian blockchain startup Power Ledger a clean bill of ethical health after it emerged that the company paid rogue “bounty hunters” to shore up interest in its cryptocurrency. The project’s “powr” crypto has fallen 90 percent in value over the past year amidst bearish market conditions. Also read: Russian […]
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As more and more blockchain projects flood the market, investors have become accustomed to the task of filtering out scam projects from those that actually build on the tech. As Verv founder and CEO Peter Davies puts it, “The most disappointing is the amount of scams drowning out real projects that could have a hugely positive impact on the world.” I managed to get some time with Davies for an interview in which he outlined Verv’s potential impact. Verv is a blockchain-based system for people to make and save money by trading energy with others in their area,