Major Crypto conferences Across Asia Cancelled as Coronavirus Spreads
The spread of the Coronavirus has reportedly led to the cancellations or delays of multiple major cryptocurrency events across the globe. The Region that has experienced the most havoc of the virus is Asia.
Affected events include the Hong Kong Blockchain Week 2020, Token2049, and Binance Blockchain Week Vietnam, which are all incredibly popular events with a plethora of industry leaders slated to give informative presentations about the crypto world.
Erhan Korhaliller, the founder of Istanbul Blockchain Week, addressed the issue of the series of event cancellations in Asia, saying:
“The health & safety of delegates at any conference has to be of paramount importance, so I can understand the tough choice that the conferences in Asia have had to make.” Don't use plagiarised sources.Get your custom essay just from $11/page
The cancellations and postponements of these events is an unfortunate result of the Coronavirus’s spread. Still, crypto enthusiasts who were planning to attend the now postponed Asia events can go to other alternatives, including Istanbul Blockchain Week.
The cancellations come as news emerges that the newly developed Algorand blockchain platform will be extensively used to provide real-time data of Coronavirus outbreak.
BTC Price Pump Comes With Coronavirus Outbreak
Meanwhile, the Bitcoin price started pumping from the $8,300 area on January 26 – three days after the Chinese city of Wuhan, which is believed to be the epicentre of the new coronavirus epidemic, was put under quarantine.
By now, the BTC price has reached the $9,345 level, and many in the crypto community believe the recent Bitcoin surge is due to the coronavirus outbreak in China.
Many crypto specialists believe that BTC usually starts gaining value whenever the global economy faces tumult or when widespread problems occur.
In addition to BTC surging, other cryptocurrencies such as ETH, XRP have also seen significant price gains over the last couple of days.
This led Simon Peters from eToro to suggest that the price surges could be proof of cryptocurrency’s growing position as a possible safe-haven investment.
Tron’s Justin Sun Sends Medication to China
Last week, Tron CEO Justin Sun tweeted that his company is sending medical supplies to Wuhan to support the coronavirus victims.
Tron is the 2nd crypto enterprise to announce plans of supporting the regions affected by the coronavirus outbreak. Changpeng “CZ” Zhao, the CEO of the world’s largest crypto exchange Binance, revealed in a tweet last Sunday that his company has pledged “10m RMB (USD 1.5m) to help coronavirus victims.”
Many in the crypto world feel that Justin Sun used the Coronavirus to promote Tron and publicize the upcoming Flagship Nitron summit. That said, the event may well get cancelled as has been the case with many crypto conferences in Asia, especially if the virus is not mitigated in the near future.