- Crypto industry sees its first case of deadly coronavirus
- The coronavirus still has its claws in the people, markets, and economy.
The Black Swan event has affected the crypto markets just as the global markets are affected. Since mid-February when the price of bitcoin was trading above $10,500, the digital asset has lost 25% of its value.
Altcoins are following the leading cryptocurrency, resulting in the crypto market losing $83 billion since then.
Today, Zhen Yu Yong co-Founder of Torus Labs, took to Twitter to share that he has been diagnosed with Covid-19. Since his diagnosis, from the symptoms of fever, breathlessness, cough, and a running nose, he has been settled into an isolated ward.
The standard recommendations by the World Health Organization (WHO) to prevent the spread of the infection include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. It is also strongly advised to avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing.
First Covid-19 cases in the crypto space are trickling in – stay safe out there. https://t.co/7Mys2OwQFR
— Tuur Demeester (@TuurDemeester) March 11, 2020
Yong also asked “everybody who had close contact EthCC or ETHLondon with me should take extra precautions and/or get tested” however, he said there is “a lesser chance that it could have been from Stanford Blockchain Conference or Ethereum Denver in mid Feb.”
The tally of coronavirus cases has reached 124,968 globally and 4,585 has lost their lives to this virus while 67,050 of the patients with coronavirus have been recovered.
While the situation in China, its epicenter, has gotten better, the situation is actually worsening in Italy and Japan.
Countries around the world are taking measures to stop the spread of the virus. From airport screening, schools and colleges getting closed to concerts and sporting events canceled, and museums and tourist attractions have been closed. The governments are also putting affected areas under quarantine.
To mitigate the impact of the virus on the economy, central banks are announcing emergency interest rate cuts while promising all the “necessary” steps to tackle the situation.
🚨 BREAKING 🚨
— World Health Organization (WHO) (@WHO) March 11, 2020