⚠️ How could WEF in Davos do without crypto disapproval and skepticism?

Especially, after the collapse of Terra with around $1 trillion wiped out of the market.

Here’s what other financial officials said about digital currencies:

💬 A pyramid scheme in the digital age

International Monetary Fund Managing Director Kristalina Georgieva:

“When somebody promises you a 20% return on something that is not backed by any assets, what would we normally call this? We would call it a pyramid. Bitcoin may be called a coin, but it’s not money. A prerequisite for something to be called money is to be a stable store of value.”

💬 Worthless

European Central Bank President Christine Lagarde:

“My very humble assessment is that crypto is worth nothing, it is based on nothing—there is no underlying asset to act as an anchor of safety.”

💬 Unreliable

Governor of the Bank of France François Villeroy de Galhau:

“They are not reliable currencies, they are not a reliable means of payment. In order to be a currency somebody must be responsible for the value—nobody is responsible for the value of cryptos. And it must be accepted universally as a means of exchange—it’s not.”

💬 Not a means of payment

Governor of the Bank of Thailand Sethaput Suthiwartnarueput:

“It’s fine if you want to invest in crypto, but we don’t want to see it as a means of payment because it’s not appropriate.”

How long it would be before it's the other way around? 😀

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🟥 #LUNA 2.0 is down - 80% after launching hours ago.

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🟦 “$BITCOIN will pave the way for a better future.” - Central African Republic President 🇨🇫

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NFTs, Metaverse prices follow crash of cryptos

While stablecoins in particular and cryptocurrencies in general have fallen sharply recently, other virtual assets in the Web 3.0 ecosystem like non-fungible tokens (NFTs), Metaverse (or digital/virtual world) prices have also fallen.

However, NFTs and Metaverse are in their first-generation (Gen 1) or initial phase and the market is filtering the assets from the point of view of their worthiness.

NFTs having real artistic value have not participated as much in the fall.

Some innovations are also happening or expected going ahead, which will take this asset class to the next phase.

https://www.rediff.com/business/report/nfts-metaverse-prices-follow-crash-of-cryptos/20220525.htm

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📌 Terra 2.0 (LUNA) Airdrop Details:

We will distribute Terra 2.0 (LUNA) to all eligible LUNC and/or USTC users based on the ratio of:

Pre-Attack 1 aUST = 0.01827712143 LUNA

Pre-Attack 1 LUNC = 1.034735071 LUNA

Post-Attack 1 USTC = 0.02354800084 LUNA

Post-Attack 1 LUNC = 0.000015307927 LUNA

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Musk posted this tweet on November 13, 2021 when the price of Bitcoin was 65,000. Exactly from that day, the bear market began 📉
The person on the moon/Mars had his back turned.

🟦 $CARDANO - $ETHEREUM USDC bridge is live.

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⚡️The global cryptocurrency market cap has reclaimed $1.30 trillion.⚡️

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Crypto name :: #SKL

📅 Signal added :: 29-05-2022

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🟧 Binance CEO says the company will soon expand to 🇳🇬 Nigeria.

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