It may not be possible to avert a a cryptocurrency crisis, but it can be contained.
Los Angeles’ Crypto.com Arena – home to the LA Lakers basketball team – was known as Staples Center when sponsored by the US office supplies retailer.
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Problems in yet another crypto-related company have raised further doubts about the sector.
Blockchain transactions are carried in blocks. The amount of energy it takes to add a new block varies widely depending on how it’s done.
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Ethereum, one of the world’s largest blockchains and host of decentralized finance, NFTs and billions of dollars’ worth of cryptocurrency, is poised to dramatically reduce its energy consumption.
Crypto trading platforms Celsius and Voyager filed for bankruptcy in July 2022, suspending all withdrawals, swaps and transfers between accounts and leaving users’ assets trapped inside their platforms.
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From initial coin offerings that are totally fake to fraudsters demanding payments in crypto, scams involving cryptocurrencies are on the rise. Two experts explain why – and how to protect yourself.