crypto thugs have taken over the main streets of Davos

 Despite low prices, crypto thugs have taken over the main streets of Davos.

crypto thugs have taken over the main streets of Davos

This year’s conference in Davos featured free bitcoin pizza stalls and a “liquidity lounge” for participants, where, despite the recent drop in cryptocurrency prices, blockchain and cryptocurrency companies have headed to the middle of the road. Location found.

Crypto sector leaders attend the annual meeting of business and political leaders at the Swiss Alpine Resort to promote their rapid use of largely unregulated technology.

The importance of corrupt groups in Davos came to the fore, especially during the main event after the reduction of  800 billion in the market capitalization of corrupt coins earlier this month.

Despite warnings from regulators that emerging products could be very risky, small traders are turning to cryptocurrencies in hopes of a quick boom. Luna, recently backed by the eighth-largest digital currency and corrupt institutional investors, almost lost its value entirely.

Jeremy Elliott, CEO, and co-founder of Circle Internet Financial said, “What surprised me was how quickly everything didn’t work out,” adding that the USDC’s strong currency is denominated in U.S. dollars. He talks about Luna's downfall.

He told Reuters: "I've never seen something like a competitor grow so fast that it spread to zero in 72 hours."

But the recent losses did not affect the company’s plans to showcase its products and services.

Danny Donnie, CEO of Digital Marketplace Infrastructure Security Inc. supported by Abu Dhabi, will travel to Davos for the first time this year to “build relationships and networks” and show how it can combine new technologies and traditional finance.

The company has set up its own program for digital currency committees, such as the World Economic Forum, outside the security fences of a large conference center.

Tether, one of the world’s largest stable coins, is offering free chips to passersby to celebrate Bitcoin Pizza Day in May. 22, 2010 when Lazlo Hanyecz paid for a pizza containing 10,000 bitcoins, which at the time cost about $ 41.

Bitcoin, which stood at 30.30332 on Monday, reached its lowest level since December 2020 in early May. The world’s largest cryptocurrency hit a record 69,000 in November.

“We’re used to it, and as the market matures, the peaks and valleys will improve,” said Cliff Sarkin, chief operating officer of CasperLabs, which provides blockchain technology to companies that provide speakers and events.

Sarkin told Reuters that tokens linked to Casper’s technology have also been affected.

The WEF, which typically serves the financial elite from Citigroup to large banks like Credit Suisse, has a carbon footprint for future cryptocurrencies and plates, as well as decentralized finance.

“It’s growing inside and outside the gate,” said Stan Stalnaker, head of the strategy at social network Hub Culture, which also handles digital currency, citing the availability of cryptocurrencies in and around the conference.

Stalker estimates that about 50% of the city’s exhibits during the event were taken over by blockchain or cryptocurrency companies.