Cryptocurrency players have created digital tokens based on carbon credits but doubts surround their green claims
Crypto firms aim to bring liquidity to carbon market
But they have fueled speculation and instability
Tokenization of carbon credits has been suspended by Verra
By Fabio Teixeira and Avi Asher-Schapiro
RIO DE JANEIRO/LOS ANGELES, Sept 13 (Thomson Reuters Foundation) - 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.
A number of prominent crypto projects have started creating digital versions of carbon offsets and trading them online.
The underlying assets are credits that companies can buy from...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...