International Business Times - Cryptocurrency News Sites

Blockchain and cryptocurrency companies have a large presence at this year's Davos meeting, which coincides with a period of crypto prices plummeting around the world.

Bitcoin has fallen 45% since El Salvador officially adopted it in early September, and 26% from its May high as crypto assets have been swept up in a risk-off investing environment.

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Bitcoin was hovering around $30,000 on Tuesday, having lost more than 20% so far this month.

Major stablecoins swung between roughly $0.95 and $1.02 last week, according to data provider Coinmarketcap, after having maintained their peg to within a cent previously in 2022.

Stablecoins are cryptocurrencies designed to be protected from the wild volatility that makes it difficult to use digital assets for payments or as a store of value.

Bitcoin's value has more than halved since a November surge that saw the token hit a record of nearly $69,000.

Portugal has long sought foreign cash by giving tax breaks and special visas to foreign investors and so-called digital nomads

Griffin in October called cryptocurrencies "a jihadist call that we don't believe in the dollar."