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Executives from the crypto sector have descended on the annual gathering of business leaders and politicians in the Swiss Alpine resort, seeking to encourage faster adoption of their technology, which is largely unregulated. The crypto crowds prominence at Davos, while largely on the sidelines of the main event, comes as cryptocurrencies shed $800 billion in market value earlier this month.
Small traders have flocked to crypto in the hope of quick returns, despite warnings from regulators that the emerging assets can be high risk. Luna, until recently the eighth-biggest digital coin and backed by institutional crypto investors, has shed nearly all of its value.
The WEF, which typically caters to the financial elite including major banks such as Citigroup to Credit Suisse , is holding panels on cryptocurrencies carbon footprint and future and one on decentralised finance.
Its been rising outside and inside the gates, said Stan Stalnacker, chief strategy officer at social network Hub Culture, which also operates a digital currency, referring to cryptos presence in the conference and on its sidelines.
Da wird zum Kauf getrommelt ohne Ende. Es wurde Gebetet und Kerzen angezündet. Bittebitte lass den Hype nicht zu Ende sein, ich bin doch fett im Minus 😎
www.business-standard.com/article/...rash-122052301453_1.html
Small traders have flocked to crypto in the hope of quick returns, despite warnings from regulators that the emerging assets can be high risk. Luna, until recently the eighth-biggest digital coin and backed by institutional crypto investors, has shed nearly all of its value.
The WEF, which typically caters to the financial elite including major banks such as Citigroup to Credit Suisse , is holding panels on cryptocurrencies carbon footprint and future and one on decentralised finance.
Its been rising outside and inside the gates, said Stan Stalnacker, chief strategy officer at social network Hub Culture, which also operates a digital currency, referring to cryptos presence in the conference and on its sidelines.
Da wird zum Kauf getrommelt ohne Ende. Es wurde Gebetet und Kerzen angezündet. Bittebitte lass den Hype nicht zu Ende sein, ich bin doch fett im Minus 😎
www.business-standard.com/article/...rash-122052301453_1.html
