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 others in Davos
Cryptocurrency executives at the Swiss Alpine resort to encourage faster adoption of their largely unregulated technology attended the annual meeting of business leaders and politicians.
While largely on the sidelines of the main event, the importance of the crypto crowd at Davos comes as cryptocurrencies lost $800 billion in market cap earlier this month.
LUNA event and bear market failed to make cryptos give up
Small traders, despite warnings from regulators that crypto assets can be high risk, fast returns flocked to crypto in hopes of 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 powered 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
Kriptokoin.com as we reported Tether (USDT), one of the world’s largest stablecoins, 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.
Exhibitors hopeful for the future of the crypto market
Cliff Sarkin, business manager at CasperLabs, a provider of blockchain technology to speakers and businesses hosting events, said, “We’re used to it and peaks and valleys get bigger as the market grows. It will be softer,” he said.
Typically appealing to financial elites, 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.
