CRYPTOCURRENCY
The crypto industry is in overdrive . Despite fluctuating markets , recent negative headlines and the seemingly endless volatility , consumers are still investing and the crypto space is still on the relative up-and-up .
According to Insider Intelligence , the number of US adults who own at least one cryptocurrency was estimated to be almost 34mn by the end of last year – accounting for close to 13 % of the adult population , having passed the 10 % mark for the first time the year before . The largest ownership group was adults aged 25-34 . Men are much more likely to own a cryptocurrency asset than women and , unsurprisingly , the typical demographic is affluent men . Yet , despite increasing uptake , there remains concerns about the way that cryptocurrencies are mined .
Environmental concerns about crypto mining One of the eminent concerns about the growth of cryptocurrencies is the energy consumption required to mine them , particularly for cryptocurrencies that use the proof-of-work model . Indeed , such is the energy intensity of crypto mining , when Ethereum announced at the end of last year that it had successfully transitioned to a proof-of-stake system ( requiring crypto
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