What happened when crypto companies entered the carbon market?
14 Sep 2022
In 2021, crypto companies were riding high. Last November, the world’s largest cryptocurrency, bitcoin, jumped to a record high of around $69,000 as investors piled into a bull run.
Meanwhile, blockchain – the distributed ledger technology behind cryptocurrencies – was being touted as a solution to many of the world’s problems, including climate change, by increasing transparency and facilitating the sale of carbon offsets.
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