Ajunews 2024-06-10
[Original Article] https://www.ajunews.com/view/20240610070222025
Bitcoin falters as U.S. employment data improve... falls below $70,000
Over the weekend, Bitcoin prices dropped below $70,000 as improved U.S. employment figures dampened investor sentiment. However, the currency is showing signs of recovery after the weekend.
As of 7 AM (KST) on the 10th, according to the global cryptocurrency market site CoinMarketCap, Bitcoin is trading at around $69,745, up 0.53% from 24 hours ago. Ethereum's price has risen 0.95% from the previous day to $3,713.
After a sharp drop from around $71,000 to $69,000 in the early hours of the 8th, Bitcoin struggled to rebound and remained stagnant over the weekend.
The industry views this as a result of weakened investor sentiment due to diminished expectations for an early cut in U.S. interest rates. On the 7th (local time), the U.S. non-farm payroll jobs for May increased by 272,000 from the previous month. Positive U.S. employment figures are expected to lead to higher inflation rates, negatively impacting the Federal Reserve's decisions on interest rate cuts.
However, Bitcoin began to gradually rebound from the evening of the 9th, indicating that it is emerging from such shocks.
Meanwhile, at the same time, Bitcoin is trading at around $71,056 (approximately 98.13 million KRW) on the South Korean Won exchange Bithumb. The so-called 'Kimchi Premium,' where Bitcoin trades at a higher price in South Korea, is about 1.9%.
Trump says, "I'll be the cryptocurrency president"... sets out to win over voters.
Donald Trump, the former President and Republican presidential candidate, has reportedly promised active support for cryptocurrencies.
According to foreign media including Reuters on the 10th, former President Trump is said to have declared at a fundraising event in San Francisco, "I will be the cryptocurrency president." He also criticized the Democrats for attempting to regulate cryptocurrencies.
Although San Francisco is known for its progressive atmosphere, Trump's strategy involves targeting venture capitalists and cryptocurrency investors to change the mood. His campaign is also crypto-friendly, having formalized a policy to accept donations in cryptocurrencies.
Meanwhile, Reuters has reported that voters who oppose excessive regulation of cryptocurrencies are actually supporting former President Trump.
Blockchain Application 'Zkrypto Voting' System, Pilot Operated by the Central Election Commission
Zkrypto, a blockchain technology company, will start a pilot operation of its voting system 'zkVoting' at the Central Election Commission starting next month.
Earlier in January this year, Oh Hyun-ok, CEO of Zkrypto, announced at CES 2024 in Las Vegas, "We are testing zkVoting in the Central Election Commission's online voting system in collaboration with them, and we plan to expand its scale next year so that Zkrypto voting technology can be used worldwide."
He added, "Although applying it to important elections such as parliamentary or presidential elections will take time, there are regions in the global market, including Southeast Asia, Central and South America, and Africa, that apply online voting to major elections. We plan to introduce and apply zkVoting in these regions to expand the market."
Zkrypto plans to further expand its services utilizing zero-knowledge proof technology. CEO Oh stated, "We are developing services that allow money transfers while protecting personal information in the financial sector. We also plan to launch zkWallet, which maintains anonymity and complies with anti-money laundering regulations, and we are exploring ways to apply blockchain technology in collaboration with the traditional financial sector."
PoBL 6th Batch, 41 Blockchain Experts Trained... Graduation Ceremony Held
Pohang University of Science and Technology (POSTECH) has trained 41 experts in its 6th batch of the Blockchain and Digital Asset specialist program, PoBL.
The CryptoBlockchain Research Institute (CCBR) at POSTECH announced that it held the graduation ceremony for the 6th batch of the POSTECH blockchain expert course at the POSCO Center in Gangnam, Seoul, on the 5th.
This 6th batch focused on cultivating talents aligned with industry changes through systematic and professional education in blockchain, digital assets, and security tokens (ST).
Professor Hong Won-gi, head of CCBR and a computer science professor at POSTECH, described the blockchain and digital assets expert course, saying, "This program, aimed at managers, employees, and startup workers interested in new businesses using blockchain, aims to enhance understanding of blockchain industry trends and business insights, and is focused on commercialization and capturing future business opportunities."
Reported by Jang Moon-ki · Park Sang-hyun
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