Coronavirus

The forced digitizations of nearly all industries worldwide makes traditional players adjust and set standards for innovative solutions. Thus, the G20’s Financial Stability Board (FSB) is set for developing a framework for adopting CBDC.

Due to Covid-19 pandemic we can see a growing interest in Bitcoin and cryptocurrency on the African continent in 2020.

The interest in cryptocurrency seems to grow as new people join the community. Compared to other communities, the cryptocurrency ecosystem is a relatively nascent community because the first cryptoasset was launched in January 2009, meaning that it is just over one decade into existence.

Fake news related to cryptocurrency, Coronavirus pandemic, and other fields that spread through social media like Facebook, Google, Twitter etc., are becoming a problem. That is why the European Commission urged the giants to strengthen measures against misinformation.

The use of Bitcoin and other digital currencies has played a big role in the economic recession caused by Coronavirus. A lot of people, businesses and companies have stored their wealth in cryptocurrency in fear of inflation caused by the financial crisis due to the pandemic.

Recent research shows massive growth of Bitcoin wallets since the beginning of the lockdown in different parts of the world due to the Covid-19 pandemic.

Blockchain and crypto professions have been grey areas until recently when the industry stood the test of the coronavirus and employed even more people to work as developers, managers, writers, analysts, engineers, and more. However, finding that dream crypto or blockchain job greatly relies on the quality of a CV.

The outbreak of Covid-19 has pushed several governments and electoral commissions globally to the wall by making them look for other alternative means of organising and conducting free and fair elections. One of the available options is using a Blockchain-based e-voting method.

The COVID-19 global pandemic has forced teams to work from home regardless of what their roles are, while some companies simply suspended operations. The crypto industry, already popular for remote working, is embracing it, but what lies ahead of us should the pandemic come to an end?