For Blockchain Startups, Switzerland's 'Crypto Valley' is No New York
A tiny province in Switzerland is proving such a magnet for blockchain startups that it's increasingly being compared to California's famed Silicon Valley. The 30-kilometer stretch of land from Zurich to Zug, known as 'Crypto Valley', boasts progressive laws, a competitive hiring environment and low taxes, and it's this unique mix that has attracted entrepreneurs looking for a place to gain traction amid an uncertain international legal climate. While governments in the US, China and Russia have all taken strict or uncertain regulatory positions toward digital currencies, Switzerland has....
Related News
Crypto Valley Venture Capital has announced the launch of an early-stage fund for African blockchain startups. Already, the venture capital firm has invested in 12 startups whose use cases go beyond crypto. Uses Cases Beyond Crypto The Switzerland-based venture capital (VC) firm, Crypto Valley Venture Capital (CVVC), has launched an African blockchain early-stage fund. The VC has partnered with the Swiss State Secretariat for Economic Affairs (SECO) in this endeavor, a statement released by CVVC has said. In the same statement, the VC said the objective of the accelerator is to fund some....
One community in Switzerland dubbed Crypto Valley, has decided to start accepting Bitcoin payments for train tickets. This was agreed upon during the council meeting earlier today, as they now accept Bitcoin payments for bills up to 200 Swiss Francs. Very few people will have heard of Crypto Valley – located in the Zug canton – so far, even though this community in Switzerland has been around for quite some time now. With 15 companies focusing firmly on the FinTech industry, it only seemed a matter of time until Bitcoin became a topic on the agenda. In fact, that topic has been touched....
Switzerland’s Crypto Valley is continuing to grow despite the Covid-19 pandemic, with its top 50 companies increasing in value by more than $200 billion in less than one year. A report compiled by a Swiss venture capital company has revealed that the value of the largest fifty firms operating in the country’s famed Crypto Valley has increased by 680% since July 2020.The Top 50 Report, from Zug's Crypto Valley Venture Capital, or CV VC, found the valley’s 50 largest companies have increased in value from $37.5 billion in July 2020 to $254.9 billion as of February 2021.The report examined....
A partnership between the two cities' blockchain associations will aim to connect businesses and foster growth in the sector. Switzerland-based Crypto Valley Association will partner with Dubai’s Crypto Oasis to collaborate in the ongoing development of the blockchain industry in both countries.The Crypto Valley Association (CVA), based in the Swiss Canton of Zug’s self-proclaimed ‘crypto valley,’ will spearhead the partnership with its counterpart in Dubai to connect a growing group of blockchain communities in Switzerland and the Middle East.Both associations were founded by Ralf....
A few years ago it was an executives’ dream to work at Google, Amazon, Apple, and the other Big Tech firms of Silicon Valley, but now that dream has evolved into crypto startups. Whether it is to join a blockchain-related company or start a new one, high-paying executives and engineers are leaving the valley of big salaries and CEOs at an accelerating rate. The New York Times reported the exodus of Big Tech executives and the boom of crypto products like NFTs is seen as a possible reason for it. But if the fantasy of Silicon Valley talent used to be that cushy position involving good....