A complimentary Bitcoin pizza counter and a ‘Liquidity Lounge’ were among attendees’ refreshments at this year’s meeting in Davos, where blockchain and cryptocurrency firms took over the high street despite a recent collapse in digital currency values.
Bitcoin, SHIB, stablecoins and more At Davos
Cryptocurrency executives are meeting with business leaders and politicians at the Swiss Alpine resort to promote faster adoption of their largely unregulated technology. attended the meeting. While
is largely on the sidelines of the main event, the importance of the cryptocurrency crowd at Davos comes as cryptocurrencies lost $800 billion in market cap earlier this month.
The LUNA event and bear market failed to make cryptos give up
Small traders have flocked to crypto in hopes of quick returns, despite regulators’ warnings that cryptoassets can be high risk. LUNA, until recently the eighth largest digital currency and backed by institutional crypto investors, has lost almost all of its value.
“What surprised me was that it completely turned into nothing so quickly,” said Jeremy Allaire, CEO and co-founder of Circle Internet Financial, issuer of the USDC stablecoin. But the recent losses haven’t thwarted the crypto companies’ plans to showcase their products and services.
CEO Dan Doney, demonstrating for the first time this year how Securrency Inc, a digital market infrastructure backed by Abu Dhabi, can ‘build relationships and networks’ and bridge new technologies and traditional finance He said he came to Davos for
Tether served pizza on Bitcoin Pizza Day
As we reported on Kriptokoin.com, one of the largest stablecoins in the world, Tether (USDT) ), offered free slices to passersby to celebrate Bitcoin Pizza Day in May. On January 22, 2010, Lazlo Hanyecz paid for two pizzas with 10,000 Bitcoins, which was worth about $41 at the time.
Attendees hopeful for the future of the crypto market
Speakers and events hosting businesses Cliff Sarkin, business manager at Blockchain technology provider CasperLabs, said, “We’re used to it, and the peaks and valleys will be smoother as the market grows.”
Typically appealing to the financial elite, including large banks from Citigroup to Credit Suisse, the WEF focuses on the carbon footprint and future of cryptocurrencies and decentralized finance. holding panels.
“It is surging outside and inside doors,” Stan Stalnacker, chief strategy officer of social network Hub Culture, which also operates a digital currency, said at the conference, and citing the presence of crypto among them.
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