The WHO Labeled Pandemic, Coronavirus (Covid-19), Gets First Case in the Crypto Space

  • 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.

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.

Latest Updates:

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,471FansLike
2,795FollowersFollow
4,194FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin to Follow the Equities Market Up or Down? One-Month Correlation Spikes to an All-Time High

Yet another week of weak price movement. The world’s leading digital asset is trading at $9,072, in red with 24 hours ‘real’ volume of just...

Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily...

BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The...

Currencycloud Partners with Ripple to Leverage RippleNet for Efficient Cross-Border Payments

Currencycloud - one of the global payment processing giants - has become the latest member of the RippleNet family and would help ripple in...

Coinbase Custody and IOHK Partner to Provide Institutional-Grade Staking For Cardano's ADA in Q4

IOHK, the lead developer of Cardano blockchain, and Coinbase Custody, the institutional-grade custodian launched by Coinbase Inc., announced a partnership to allow users to...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today