Cryptocurrency's environmental damage cannot be ignored | Crypto

Cryptocurrency’s environmental damage cannot be ignored

-Cryptocurrency mining is energy intensive and environmentally unsustainable

-The Proof-of-Stake mining mechanism is a greener alternative

-Ledger has launched its first Metaverse initiative on The Sandbox to support, protect and educate users regarding all aspects of digital ownership and cryptocurrency

-The Bank of Russia and the countrys Ministry of Finance are considering adopting greater use of cryptocurrency as a way of boosting international trade during heavy economic sanctions imposed due to its invasion of Ukraine

-Non-fungible token software company Dust Labs has raised $7 million from Foundation Capital, Solana Ventures, Metaplex, Jump, FTX Ventures and Chapter One

-Amid a rise in crypto-related crimes, Australias Federal Police has set up a new cryptocurrency unit to crack down on money laundering

-Crypto influencer FatManTerra a vocal critic of Do Kwon, founder of collapsed crypto ecosystem Terra claims he convinced people to send him $100,000 of Bitcoin in two hours with vague tweets about an investment scheme which he later revealed as fake

Climate change Cryptocurrency's environmental damage cannot be ignored

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