DAVOS, Switzerland : A free bitcoin pizza stall and a"Liquidity Lounge" were among the treats on offer for attendees at this year's meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash in digital coin values.
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. But recent losses have not dented the crypto companies' plans to show off their products and services.
Tether, one of the world's largest stablecoins, offered passers-by free slices to celebrate Bitcoin Pizza Day on May. 22, when in 2010 Lazlo Hanyecz paid for two pizzas with 10,000 bitcoin, worth about $41 at the time.
Source: Digital Coin News (digitalcoinnews.net)
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