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    Top Crypto Valley Firms Up 680% In Value Since Mid-2020

    Abstract:Top Crypto Valley Firms Up 680% In Value Since Mid-2020

      

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      A report compiled by a Swiss venture capital firm found that the value of the fifty largest companies operating in the country's famous Crypto Valley increased by 680 % since July 2020.

      The Top 50 report, from Zug 's Crypto Valley Venture Capital, or CV VC, revealed that the value of the 50 largest companies in the valley rose from $ 37.5 billion in July 2020 to $ 254.9 billion. in February 2021.

      The report examined companies operating in the Swiss canton of Zug (AKA Crypto Valley) and found that the number of blockchain companies in the region increased by 4.4% to 960 since July. During the same period, the number of employees hired in the digital currency industry in the region increased 8.5% to 5,184.

      Crypto Valley is now home to eleven crypto unicorns from the region. a valuation of more than a billion dollars each: Ethereum, Cardano, Polkadot, Aave, Cosmos, Solana, Tezos, Dfinity, Near, Nexo and <a href=“https://www.hebergementwebgratuit.com/url/2613143” data-amp=“” “target=” _ blank “ style=”text-decoration-line: none; color: rgb(57, 107, 170) !important;>Diem (formerly calledLibra) .

      Despite local concerns about the decline of the sector amid the coronavirus pandemic, research has revealed that the valley has weathered the crisis, with CEO and founder of CV VC, Mathias Ruch, declaring :

      Switzerland has long been a hub of activity for blockchain and crypto startups due to favorable regulations . Report author Ralf Kubli said: “Switzerland has one of the most advanced Blockchain legis in the world. and thus created a solid and solid foundation for the future prosperity of Crypto Valley ”,

      In a given taxes in Bitcoin or Ethereum from February 2021.

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