Why is it that seemingly unrelated assets, such as stocks and crypto, seemed to crash at the same time? And what does it mean for investors’ efforts to diversify their risk?
Cryptocurrencies such as Bitcoin can use more power than countries such as Finland. The emergence of eco-friendly alternatives provides hope, and a few concerns, for crypto users.
Central banks are now taking digital currencies seriously, and the EU is exploring the idea. While an “e-euro” could increase monetary security and stability, the venture is not without risks.
Even though some traditional financial firms parked millions in the bankrupt company – once valued at $30 billion – the impact of FTX’s spectacular crash is limited to crypto investors
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.
Bitcoin’s annual electricity consumption is more than three times New Zealand’s – those hidden environmental costs must be part of any future regulation.
Although it’s estimated illicit activity amounts to less than 1% of all cryptocurrency transactions, figures of losses are still staggering – and on the rise.