CZ: The Pandemic Situation Has Benefited the Crypto Industry

The recent announcement by Pfizer of a potential Covid-19 vaccine sparked an immediate rally of global stocks worst hit by the pandemic response. The rally helped major indices including the New York Stock Exchange (NYSE) Composite Index and Europe’s Stoxx to go up by approximately 4%. Bitcoin’s Decoupling On the other hand, stocks that benefited from lockdown restrictions went down as the vaccine raises hopes for a return to normal life. Still, it appears the same vaccine hopes did not dampen interest in bitcoin, another major beneficiary of lockdown restrictions. In a....

“We wanted to show Mojang that it could be done in a way that benefited them and benefited their player base,” said MyMetaverse CEO Simon Kertonegoro. Despite Minecraft creator Mojang Studios being against the integration of nonfungible tokens (NFT), a Metaverse-focused firm managed to introduce NFTs into several games including its own Minecraft server.In an interview with Cointelegraph, Oscar Franklin Tan, the Chief Financial Officer of blockchain gaming firm Enjin, and MyMetaverse CEO Simon Kertonegoro shared how they were able to connect the dots and implement NFTs into Minecraft....

Due to the pandemic, many global events have been canceled, but some conferences can still be visited in 2021. The year 2020, for most of the inhabitants of our planet, was passed in lockdowns or quarantine due to the COVID-19 pandemic; many were forced to stay at home. Social events were canceled or postponed, and entire sectors of the world economy suffered huge losses. The start of this year wasn’t any better, as governments across the globe are still forced to restrict events and activities to combat the spread of the disease.But there are industries that did not lose out over the past....

“We keep a working capital for about three to six months in cash, and then the rest all goes into Bitcoin,” said co-owner Aly Hamam. More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic.According to a Tuesday report from Canadian news outlet Toronto Star, when Tahini’s restaurant owners Aly and Omar Hamam and their cousin Ahmed decided to convert the company’s savings into Bitcoin (BTC) in August 2020 because it offered “a much better alternative to....

The pandemic has put hundreds of thousands of businesses out of action, saw others fold and decimated great swathes of the economy.But, crypto thrived in this distributed environment. As the world clamped down and everyone was forced to decentralize, the crypto world shone.Perhaps crypto, born of a crisis, is most at home in one. Working from home is where we all have spent most of this crisis.Gaurang Tovekar is the CEO and co-founder at Indorse, a blockchain-powered enterprise SaaS platform. He says the company was perfectly placed to ride out the upheaval as the entire team has never....