Coronavirus Forces New York Crypto Employees to Work from Home

Mar 19, 2020 at 07:20 // News
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New York cryptocurrency industry works from home due to coronavirus

The increase in the number of new coronavirus cases within the New York Metropolitan area is forcing cryptocurrency and blockchain companies to let their employees work from home. Hard times require hard measures.

According to the US Center for Disease Control, social separation can significantly reduce the rate at which the COVID-19 Virus spreads from person to person. The World Health Organisation (WHO) declared the COVID-19 Strain a global Pandemic. Currently, there are so far more than 200 cases of Coronavirus in the state.

The Suburb of New Rochelle is now the quarantine zone for the coronavirus patients in attempts to contain the spread of the virus. Another US state New Jersey also reported an increase in the number of new coronavirus patients in the state. NewYork, a major US city and financial hub with more than 8.6 million people, is seeing signs that a much worse outbreak of the COVID-19 strain might be coming.

Surviving the COVID-19 Pandemic the Bitcoin Way

As parts of the city go into a total lock down, local cryptocurrency and blockchain companies within New York are implementing their own survival plans. The NYC mayor Bill de Blasio recently advised employees to desist from using public transport and consider working from home rather than commuting to work daily.

With the rapidly spreading coronavirus people must take some drastic measures in order to survive. Meanwhile blockchain and cryptocurrency companies can afford to let their employees work from home, traditional businesses might actually run bankrupt. Recently StarBucks was forced to close some of their stores in the United States because of Coronavirus. As of today March 13, there are 134,818 confirmed Cases and about 4,984 Deaths.

Recently, the New York State Department of Financial Services (NYDFS) asked all registered cryptocurrency companies in the state to submit their Pandemic preparedness plan against the raging coronavirus. At the moment there are more cryptocurrency firms registered and operating in New York City.

The New York mayor also declared a state of emergency and predicted that given the current rate of spread, the city would have more than 1000 confirmed corona cases in just a week. There are currently over 95 confirmed coronavirus cases in the city the mayor reiterated. There is also an indefinite ban on mass gatherings of more than 500 people in the city.

Scammers Take Advantage

While the entire world is taking all possible measures to stop the march of the deadly COVID-19, there are some individuals that are trying to fill their pockets by cheating and defrauding others. As, a world blockchain news outlet, has reported, a number of domains using the words “coronavirus” or “COVID-19” has increased, with most of them belonging to scammers.

Fraudsters have even released an Android app called CovidLock disguised as a live tracker of the virus spread. However, it is actually nothing more than a ransomware app that blocks all information on a smartphone and demands a ransom in bitcoin, otherwise threatening to leak personal data to the web.  

Meanwhile, the number of COVID-19 victims is increasing, making some countries strengthen the quarantine measures to save their citizens from falling ill. For instance, Belgium has officially forbidden people to leave their homes without necessity, or else they will have to pay a significant amount of fine.

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