Not all digital money is cryptocurrency. Digital money can take the form of card or mobile phone payments, central bank digital currencies and virtual currencies such as Zuck Bucks.
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.
El Salvador’s President Nayib Bukele thought making Bitcoin legal tender would revolutionise his country’s economy, He was wrong.
Crypto’s second-largest currency is shifting to a new environmentally friendly system.
Cryptocurrency has a substantial carbon footprint. Ethereum have taken steps to address this, but will others follow suit?
The landmark change places Bitcoin and other cryptocurrencies under immense pressure to follow suit.
Because cryptocurrency exchange platforms act more like banks, they should be subject to increased oversight to protect clients’ assets.
To live up to their promise, both on the African continent and elsewhere, digital currencies must be globally coordinated.
To assess the prospects of cryptocurrencies, it’s useful to consider how money was invented and became centralised in the first place.
Are we witnessing the beginning of the end for crypto or is this just another crash in a volatile market?
Australia is in the middle of a much-needed process of regulating cryptocurrency and related digital assets, but there’s plenty still to be done.
Scams in both the crypto gaming and blockchain space more broadly are increasing.
Bitcoin has lost over half of its value since November 2021.
Some foreign officials promoting central bank digital currencies want to be able to track and limit transactions in real time.
Stablecoins are less volatile, and considered a safer bet than many cryptocurrencies.
Narcissism and belief in conspiracy theories may be among the factors that motivate people to buy cryptocurrencies.
Cryptocurrency allows Ukraine to get quick financial support, and Russia, to bypass international sanctions and protect some of its economic interests.
Proof of Work mining is inherently wasteful, but don’t expect a switch any time soon.
Many people promoting cryptocurrencies are looking for something bigger than the future of financial transactions. They’re aiming to break free of governments and corporations.
Bitcoin’s annual electricity consumption is more than three times New Zealand’s – those hidden environmental costs must be part of any future regulation.