Coinbase was attracted to Ireland by a beneficial tax code, much like many other tech giants have.
The Dublin-based cryptocurrency exchange shut down last week, but customers claimed its issues had started much earlier.
Deloitte and the Institute of Banking has a blockchain for educational information, but then someone figured out it could double for staff credentials.
The Belfast City Council announced that they would be the using a digital currency specifically catered to their local community to help businesses and residents in the city.
The economic uncertainty has led many to believe that cryptocurrency might be able to play a role, since traditional currencies might not be able to stabilize through the crisis.
Ireland's cabinet has accepted the Fifth Anti Money Laundering Directive put forward by the European Union, creating more oversight for cryptocurrencies.
The High Court in Ireland has ruled that cryptocurrency can be recovered as proceeds of crime in a ruling on a man imprisoned for drug offences, one of the first instances of its kind to be adjudicated in the country.
San Francisco-based cryptocurrency exchange Coinbase has announced the opening of a Dublin office, its second office in Europe.