• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

    Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

    Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Industry News

How blockchain and cryptocurrencies feel the heat of coronavirus curbs?

Manasee Joshi by Manasee Joshi
March 30, 2020
in Industry News
3 min read
How blockchain and cryptocurrencies feel the heat of coronavirus curbs?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The restrictions and the lockdowns imposed due to the rapidly spreading coronavirus pandemic has impacted potentially all kinds of industries existing today and blockchain and cryptocurrencies are no exception. A recent article published by the popular tech publication Hacker Noon throws light on how the industry feels the heat generated by one of the most devastating catastrophes of today’s age.

The coronavirus outbreak, which has had a distressing ripple effect across all continents, continues to hammer almost every aspect of our lives. In fact, when the World Health Organization (WHO) triggered a universal sense of panic by declaring the dreaded disease as a pandemic, almost every industry reported the worst decline in years.

Whether it is real estate, manufacturing, equity markets, or the global commodities market, the pandemic is changing the face of every industry existing today. However, the Sunday’s report by Hacker Noon suggests that the supposedly independent sector of blockchain and cryptocurrencies hasn’t been left out either.

RelatedPosts

TaxBit receives investment funds from PayPal and Coinbase

Crypto market cap reaches ATH: crosses $1 Trillion

Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

Crypto mining: Iran shuts down over 1600 mining farms

Blockchain and cryptocurrencies: Not so autonomous, after all

Soon after the conventional assets, like gold and oil, witnessed a crash, the Bitcoin price rate took a nosedive. Altcoins, too, followed in their footsteps and experienced all-time lows.

The report suggests that the blockchain startups are struggling to stay afloat due to the lack of venture capital interests. They are unable to attract investments, thus making it extremely difficult for them to sustain their businesses in crisis-hit times.

Although some significant relief efforts are underway, one of which is CNBC CryptoTrader host, Ran Neuner-led relief fund that aims to provide financial aid to flailing blockchain startups and the other being the six trillion US dollars ($6 trillion) impetus package proposed by the US government to help corporates amid crisis, many startups are still grappling with anxiety and uncertainty.

According to Gustav Wagner, CEO of Blockfacts, a financial data provider for the blockchain and cryptocurrencies industry, the COVID-19 outbreak has left potential investors with little or no choice as they are unable to meet and conduct a much-needed face-to-face interaction with their stakeholders. Although there is an option of holding a virtual meet-up, the overall capital in this niche market has undoubtedly decreased, Wagner added.

Social distancing demands cancellation of blockchain and cryptocurrency events

Meanwhile, as the virus ripped through Asian countries in its early stages of the outbreak, many significant cryptocurrency events in Asia either canceled or postponed their scheduled date. Gradually, the effect was felt in the Western countries too, as several prominent blockchain events, like Paris Blockchain Week, called off the event amid the growing fears.

The recent spate of panic and agony even extended to one of Ethereum conferences where notable cryptocurrency representatives were reported to be infected with the virus.

Even though some events did go as planned, through virtual screening methods, there is no denying that the organizers and attendees faced a severe financial blow due to the cancellations.

Remote working? Not a problem!

On the upside, blockchain and cryptocurrencies have encouraged remote working methods right from the beginning. And while most workplaces are struggling to cope up with the demands of their customers and other stakeholders amid work from home arrangements, many cryptocurrency and blockchain-related startups are already ahead in the game.

The perfect examples of finding a silver lining amid dark times are Italian crypto news blogs and media agencies. While the entire country is under lockdown for several weeks with no signs of recuperation, the Italian crypto news agencies continue to operate as usual and support the newsreaders and writers simultaneously.

Tags: blockchain capitalcoronavirus
Manasee Joshi

Manasee Joshi

An avid reader and an enthusiastic writer, Manasee recently chose to dedicate her time doing freelance writing. A degree in English literature and experiences in Administration, HR, finance, literature, creativity and innovation tucked under her belt, she crafts engaging and compelling content for crypto and blockchain audience.

Related Posts

TaxBit
Industry News

TaxBit receives investment funds from PayPal and Coinbase

January 7, 2021
Crypto market cap
Industry News

Crypto market cap reaches ATH: crosses $1 Trillion

January 7, 2021
How blockchain and cryptocurrencies feel the heat of coronavirus curbs? 1
Industry News

Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

January 7, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

January 7, 2021
Binance Coin price prediction_ BNB to $56, analyst

Binance Coin price prediction: BNB to $56, analyst

January 7, 2021
Ethereum price

Ethereum price expected to cross $1,300 as bulls dominate the markets

January 7, 2021
TaxBit

TaxBit receives investment funds from PayPal and Coinbase

January 7, 2021
Cardano price prediction_ ADA to retest $0.35, analyst

Cardano price prediction: ADA to retest $0.35, analyst

January 7, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 2

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2020 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.