Youtuber NasDaily endured a Bitcoin (BTC) baptism by fire. The entrepreneur and influencer with over 50 million followers invested $500,000 in Bitcoin —right before the bear market kicked in. Cointelegraph spoke to NasDaily (whose real name is Nuseir Yassin) during the World Economic Forum (WEF) in Davos, Switzerland. Yassin told Cointelegraph that the half a million dollars he saved in Bitcoin is now worth $300,000, adding with a smile that “it’s a great test of conviction.” Despite the paper loss, he’s more convinced than ever that crypto is the future: “Even if it goes down to zero, I think I …

With the World Economic Forum (WEF) Annual Meeting drawing to a close, attendees had the opportunity to join Cointelegraph for a farewell party at Ex Bar in Davos — where they could actually pay for food and drinks using cryptocurrency. The annual meeting of the World Economic Forum is scheduled to take place between May 22–26, with a slew of world leaders expected to attend. What role will blockchain have at the event? https://t.co/wEtEvuVK5I — Cointelegraph (@Cointelegraph) May 20, 2022 Early partygoers had the opportunity to win one of 20 cards loaded with up to 100 Davos Coins, which were …

Tether’s decision to launch a new digital asset pegged to the Mexican peso will be a boon to crypto adoption in the Latin American country by providing more onramps to the USDT stablecoin, according to Paolo Ardoino. In an exclusive interview with Cointelegraph on the sidelines of the World Economic Forum summit, the Tether and Bitfinex chief technology officer said the reason he came to Davos was to showcase the utility of cryptocurrencies. “I didn’t participate in Davos to meet CEOs of big banks,” he said. “We are here to send our message [that] there is a big world out …

Excitement for the Metaverse and virtual/augmented reality (VR/AR) is much greater in developing countries than in high-income countries, according to a survey conducted for the World Economic Forum (WEF). Market research firm Ipsos released the results of the survey on Wednesday, showing the concept is now widely recognized: 52% of more than 21,000 adults surveyed across 29 countries are familiar with the Metaverse and 50% have positive feelings about engaging with it in daily life. China, India, Peru, Saudi Arabia and Colombia were the top five countries where two-thirds or more of respondents said they had positive feelings toward it. …

Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top). WEF 2022, the first in-person World Economic Forum event since the start of the COVID-19 pandemic, continues to bridge traditional finance with the future of money on its fourth day. The Cointelegraph ground team — including editor-in-chief Kristina L. Corner, head of video Jackson DuMont and news reporter Joseph Hall — is deployed in Davos, Switzerland, where the event is held, to get the most recent developments from WEF 2022. …

Although Web3 has become a sort of buzzword in the cryptocurrency community, its application and utility extend far beyond the world of blockchain, according to Polkadot (DOT) founder Gavin Wood. In an exclusive interview with Cointelegraph at the World Economic Forum’s Annual Meeting in Davos, Switzerland, Wood talked about Web3 applications and whether the all-encompassing concept needed to evolve past its current usage. “I don’t think Web3 needs to evolve, really, from its origins too much yet but maybe in the future, it will,” he said before explaining the merits of the technology: “The key takeaway is the freedom from …

Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top). The first in-person World Economic Forum event since the COVID-19 pandemic started continues to bridge traditional finance with the future of money on its third day. The Cointelegraph team — including editor-in-chief Kristina L. Corner, head of video Jackson DuMont and news reporter Joseph Hall — is deployed on the ground in Davos, Switzerland, where the event is held, to track the most recent developments from WEF 2022. Check out …

Most decentralized finance (DeFi) protocols aren’t truly decentralized, which means we need proper regulations in place to understand the inner workings of this emerging technology, according to European Parliament Vice President Eva Kaili. In an exclusive interview with Cointelegraph at the World Economic Forum Annual Meeting in Davos, Switzerland, Kaili was asked to outline her definition of DeFi. By definition, DeFi is “completely decentralized,” she said, which means that “nobody can control or [...] manipulate a blockchain.” Our news reporter @JoeNakamoto interviewed Eva Kaili, VP of the European Parliament. Subscribe to our YouTube video to watch it when it drops: …

Reporting from the inaugural day of the Blockchain Hub Davos 2022 conference, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr, hosted a panel discussion centered around decentralized finance (DeFi) titled “Programmable Money is Here — and It’s Changing the World as We Know It.” Panelists included Alexander Fazel, chief partnership officer of SwissBorg; Lucian Aguilar, global markets lead of Kraken Europe; Mrinal Monahar, co-founder and CEO of CasperLabs; and Patrick Horsman, managing partner of Coral Capital. In the opening remarks, Aguilar reflected upon his attendance at the event two years ago, assessing the differences in receptiveness and attitude to crypto. He also noted …

Digital cash systems built on the blockchain must retain the qualities of physical money in order to attract more users in developing countries — and must be able to do so without regulatory constraints — according to Circle CEO Jeremy Allaire. In a panel discussion at the World Economic Forum’s Annual Meeting, titled "Remittances for Recovery: A New Era of Digital Money," Allaire discussed all the features that make physical cash an ideal medium for exchange. There’s a reason why “cash is king,” he said, referring to physical money’s portability, privacy and role in securing individual sovereignty. “Cash is a …

During the 2022 World Economic Forum, Sheila Warren, CEO of the Crypto Council for Innovation (CCI), sat down with Cointelegraph to discuss a range of topics, including the state of crypto, decentralized autonomous organizations (DAO) and safety within the metaverse. Warren started by comparing past WEF events to this year’s event. The CCI CEO told Cointelegraph that it’s incredible to see how projects that were just starting out at WEF events in 2018 and 2019 have now made themselves very well known. She said: “I'm finding that old acquaintances — some of the folks that we know from the business …

Cointelegraph editor-in-chief Kristina Cornèr interviewed Brooks Entwistle, Ripple’s senior vice president for global customer success, at the World Economic Forum at Davos, Switzerland, discussing his time at Ripple, the current “crypto winter” and what market participants should focus on. Having worked for prominent firms such as Goldman Sachs and Uber, Entwistle shared that his experience at Ripple has given him the opportunity to explore. Over the past year, the Ripple team has been learning more about the industry to “understand what business models are working” and what can be improved. Entwistle also shared that the current WEF event in Davos …