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Cryptocurrency

CryptocurrencyClimate Change

The most important cryptocurrency event in years is about to begin – and the biggest windfall goes to the planet

Ethereum, the world’s second largest cryptocurrency, is on Tuesday expected to start a technology changeover which, once complete, should cause its carbon emissions to plummet by 90%. The rapid growth in cryptocurrencies in recent years has been staggering. Unfortunately, so too has been their contribution to climate change, due to the enormous amount of electricity used by computers that manage the buying and selling of crypto coins.

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CryptocurrencyClimate Change

Climate change: why tech companies must address emissions caused by streaming and scrolling

Technology companies have been having a difficult year. The increased cost of living is turning people away from streaming, cryptocurrencies are faltering, Amazon has raised its prime membership costs, as has Twitter for its premium subscription model Twitter Blue. The latter’s ongoing legal wranglings with Elon Musk have also called the platform’s valuation and future product offering into question.

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Cryptocurrency

Crypto platforms say they’re exchanges, but they’re more like banks

Of course, offline storage requires an extra level of understanding, technological sophistication and inconvenience. Enter crypto exchanges like Coinbase and Crypto.com, which offer simple, convenient platforms for users to buy and sell cryptocurrencies and NFTs.

…the crypto crash has revealed that these firms are not just exchanges — they are more like banks. Except defunct crypto exchanges like Celsius Network and Voyager Digitalwere only banks if you read the fine print. Most customers, of course, did not.

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