22
December
2017
|
18:30
Asia/Singapore

Money that burns: Cryptocurrency is wasting energy

Assoc Prof Lawrence Loh, Director of the Centre for Governance, Institutions and Organisations at NUS Business School, noted that little attention is paid to the exact magnitude of energy that is required round the clock to churn out cryptocurrencies. He believes that a new global financial order is probably necessary for effective monitoring of crypto advancements before the planet experiences a burnout.