Plus, the Swiss “Crypto Valley” could be the next victim of Covid-19 |
Hello Bitcoiner,
This week’s changes:
Bitcoin is dominating the market during this week’s trading as it gets within striking distance of hitting $9,500 ahead of its upcoming block reward halving event. Can it reach over $10,000 before the end of the week? 🐂
Prices are as of 6.45 a.m EDT.
Don’t miss any market movements.
ETH is a legal property in China
A district court in China has declared that Ethereum’s cryptocurrency is a legal property with economic value. People can hold and transfer them like property, meanwhile cryptocurrency is not legal tender in China.
Coronavirus is helping the disappearance of cash
A former director of the US National Economic Council thinks the pandemic will boost the transition of digital currencies. Gary Cohn thinks the slow rise of digital currency has started, the shifts will be disruptive but is clearly a leap in the right direction. Do you think the rise of digital currencies will threaten banks?
Is the Swiss "Crypto Valley" the next victim of Covid-19?
The once rapidly developing Swiss cryptocurrency industry is struggling to survive following the withdrawal of private equity investors. About 80% of firms surveyed by the Swiss Blockchain Federation recently warned of imminent bankruptcy. $103 million government bailout was requested by Switzerland's famed "Crypto Valley". Do you really think the Swiss crypto industry is in danger?
66 percent of Europeans believe crypto will exist in 10 years' time
Two-thirds of Europeans surveyed think cryptocurrency is here for the long haul. The 2020 response is a 3% increase in the results of the survey a year ago. It seems like more people will join the early adopters’ group. When will we officially enter the early majority? Do you think it will happen in 2020?
Do cryptocurrencies bring more economic freedom to the world?
Roger Ver’s recent presentation from BlockDown 2020 is available, on how cryptocurrencies can bring more economic freedom to the world. BlockDown 2020 is a 100% digital event across 2 days, with 24 hours of top-level content, incredible speakers. The first remote blockchain conference that you could attend from the comfort of your own home.
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