Cryptocurrencies

Crypto Sphere Begins to Feel Ill Effects of Coronavirus Outbreak

  • Conferences canceled, mining operations shuttered in Asia
  • Greatest concentration of Bitcoin trading, mining is in region
Photographer: Andrey Rudakov/Bloomberg
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The coronavirus outbreak in Asia is starting to ripple through the cryptocurrency world in some unanticipated ways -- the cancellation of conferences and even the shuttering of facilities that process transactions.

From the informal MeetUps held during the initial days of Bitcoin to the extravaganzas at the height of the crypto bubble, gatherings have been a key for wooing investors. NiTROn2020 in Seoul, Hong Kong Blockchain Week 2020 and Token2049 have been postponed.