Switzerland’s Crypto Valley not quite on its deathbed  

“The report of my death was an exaggeration.” That was the reputed response of Mark Twain on hearing that a newspaper had mistakenly printed his obituary. Are reports of the imminent demise of Switzerland’s blockchain sector also overblown?

Nearly 80% of 203 firms responding to a Swiss Blockchain Federation survey (https://mcusercontent.com/31e17f4dda489ed5ea930cfd0/files/66093541-33ce-499e-a376-0b360187b07d/SBF_Corona_Umfrage_Resultate.01.pdf) have warned of imminent bankruptcy. That would carve a huge hole in the 800+ firms and 4,000 employees that reports say make up the Swiss blockchain sector (https://www.swissinfo.ch/eng/crypto-valley_blockchain-start-up-growth-bucks-swiss-trend/44706400).

This seems to fly in the face of numerous reports of growth and innovation, such as Crypto Finance’s $14.5 million fresh funding, the impending funding round of Bitcoin Suisse, Mt Pelerin and ID Quantique successfully testing a quantum technology crypto storage safe or AlgoTrader launching its digital assets trading platform WIRESWARM.

Full story: https://www.swissinfo.ch/eng/switzerland-s-crypto-valley-not-quite-on-its-deathbed/45719750