[Digital Today Reporter Hyunwoo Choo] The market for virtual assets (cryptocurrency) is continuing. Bitcoin, which had approached $60,000, fell to the low of $50,000 last week and recovered to the $56,000 level again. Various issues such as the support of bitcoin payment by Tesla, an electric car maker in the US, fueled the market.
The recent volatility of virtual assets is in line with the decline of the New York Stock Market and Nasdaq technology stocks. The critical remarks of Fed Chairman Augustine Karstens International Settlement Bank (BIS) also flooded the market.
Ahead of the by-election of the mayors of Seoul and Busan on April 7th, major opposition candidates are pouring out financial pledges. However, as the election fever is overheating, it is controversial as candidates announce content that cannot be carried out at the local government level or pledge content that is controversial.
Seoul Mayor Oh Se-hoon’s 4 zero loan pledge, Seoul Mayor Park Young-sun’s Seoul-style digital currency’KS Coin’, and Busan Mayor Kim Young-chun’s pledge to establish a Busan Virtual Asset Exchange are representative examples. In many cases, the pledges are not issues that can be promoted at the local government level, and there are voices of concern about whether they are showing or populist pledges.
The non-replaceable token (NFT) is still open. Twitter CEO Jack Doshi said that the first tweet in 2006 was put on an online auction in the form of an NFT, and the final bid was about $2.9 million (about KRW 3.2 billion). It is more of an online event that encourages charitable donations rather than an actual auction, but it is news that realizes the popularity of NFTs.
Ethereum founder Vitalik Buterin said, “NFT can be a tool for social interests, not just for the fun of the rich,” emphasizing the positive aspects of the NFT, and the market’s interest in NFT is expected to continue for the time being.
Uniswap, an Ethereum-based decentralized exchange (DEX) protocol, will release version 3 on May 5, and the decentralized exchange SushiSwap will provide a cryptocurrency storage platform BentoBox and cryptocurrency deposit/loan service. The look that offers it is also eye-catching.
Recently, OKEX Korea, a virtual asset exchange, announced on the 23rd that it will end its service on April 7. Despite the booming virtual asset investment, in Korea, it appears to be concentrated mainly on the four major exchanges. Chain Partners, a digital asset specialist, has launched a new digital asset price comparison service.
On the 25th, digital today’s crypto-specialized YouTube real-time broadcast’Kasu’ (a crypto anarchist’s direct-ball chat room) dealt with’decentralized finance’ (DeFi) as the second topic discussion. You can check the Qasu video on Digital Today’s YouTube channel.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.