When trying to add a Translation Memory to a Trados Studio project I receive the "The current parameters are not compatible with the Translation provider Uri Schema" error message.  

Moving the Translation Memories and Termbases from the Desktop folder where they were to the folder My Documents solved the issue in this case. If they are already in My Documents try moving them to a Desktop folder and check if the issue still occurs.

A synchronization issue between the location where the Translation memories or Termbases are stored and OneDrive.