What is not to like about the tiny Swiss city where Ethereum was launched? The No. 1 spot on CoinDesk’s CryptoHubs2023 ranking has it all: ✅ Regulatory clarity ✅ Crypto-friendly banks ✅ A lively crypto job market and events calendar
Tiny is mighty when it comes to Zug's performance across all the criteria in our Crypto Hubs 2023 rubric. With a small population, Zug scored highest overall for opportunity measures due to the richness of its per-capita crypto-related companies and events. The hub also had the highest ranking in the two heaviest weighted criteria overall, regulatory structure and quality of life . Across the board, Zug had no glaring weaknesses.How We Ranked CoinDesk’s Crypto Hubs 2023: Our Methodology.
The most iconic origin story in crypto is the Bitcoin white paper by the mysterious Satoshi Nakamoto. The runner-up? The Ethereum launch in 2015 by a baby-faced Vitalik Buterin, who feverishly worked out of a small apartment in Zug, Switzerland, alongside other coders. “It was like a shoe box. A family house. People were living there on mattresses, almost like a hostel,” Bernd Lapp, an early member of the Ethereum Foundation’s advisory board, told me a few years ago. He remembers that Buterin was “very kind, very nice” and would shop for groceries, peel carrots and then hand them out to the coders.
The birthplace of Ethereum is one reason why Zug is “literally the crypto cradle,” said Alexander E. Brunner, a former member of Zurich’s parliament and author of the book “Crypto Nation Switzerland.”of the emergence of cryptocurrency and blockchain technology. “We always said we have to face it, because these things are coming if we want or not.”So Zug faced it, working proactively to brand the region as “Crypto Valley,” their answer to Silicon Valley.
This crypto-cozy environment is why the Ethereum Foundation, Cardano, Cosmos and hundreds of other projects came to Zug. Taxes are low, there’s fintech everywhere,
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dubai: Launching a Crypto Regulatory Arm to Become a Global Financial PowerThe center of the crypto universe has been shifting toward Dubai since March 2022, when the UAE announced the world’s first independent crypto regulator: the Virtual Asset Regulatory Authority. With its stated intention to provide legal clarity for crypto, the No. 5 spot in CoinDesk’s Crypto Hubs 2023 has attracted jurisdiction shoppers such as Binance CEO Changpeng Zhao and crypto exchange WazirX.
Read more »
Singapore: The Center of Asian Crypto Wealth Is Ready for a ResetA fintech hub turned early crypto adopter, Singapore raised billions through ICOs. Cue parties on yachts and at luxury villas. But after the collapse of homegrown crypto darlings Terraform Labs and Three Arrows Capital, the No. 2 spot in CoinDesk’s Crypto Hubs 2023 is searching for the right regulatory balance to encourage crypto without getting burned again.
Read more »
BitGo CEO discusses Go Network launch, and report shows FTX owed customers $8.7 billion: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, BitGo CEO Mike Belshe spoke exclusively with Crypto World about the launch of its Go Network and the problem with crypto market structure to date.
Read more »
Bitcoin (BTC), Ethereum (ETH) in Red as Momentum StallsTop cryptocurrencies Bitcoin, Ethereum and major altcoins hit a lull this week
Read more »
Sleeping Ethereum Whale Awakens and Moves Millions: Is It End of ETH Price Rally?Ethereum mega whale awakens and shuffles thousands of ETH tokens ethereum eth ether ethusdt whalealert $eth
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $31,000, After Becoming Overbought – Market Updates Bitcoin NewsBitcoin fell below $31,000 to start the week, as traders seemingly moved to secure gains, as the cryptocurrency became overbought.
Read more »