Blockchain
Busan drops global cryptocurrency exchanges from its digital exchange plans
Busan, the South Korean blockchain city, has taken a step closer to forming a home-grown crypto exchange, but has dumped most of its global centralized exchange partners. The drastic decision comes on the heels of the recent massive failure of centralized exchanges.
City announce The steering committee is made up of 18 local blockchain experts but none of the five exchanges agreed earlier this year to help the city create its first official digital asset exchange. The five exchanges included Binance, Crypto.com, Gate.io, and Hobby global f FTX.
The Steering Committee is a municipal advisory body tasked with advising on the establishment and operation of digital asset exchanges, as well as strengthening the external cooperation system.
The possible cancellation of the global cryptocurrency exchange from the Busan city plan was evident in the wake of the FTX collapse. It was the city administration Having second thoughts about including such private exchanges in their plans but were confident of moving forward with their blockchain goals without the need for third party help.
A panel member noted that issues with cryptocurrency exchanges such as “FTX and other major global exchanges appear to have affected [the decision]Another member said that exchanges were never an integral part of the city’s plan and were only needed to provide initial liquidity.
Related: The largest South Korean telecom company issuing a local blockchain-based currency in Busan
Busan City intends to establish an exchange that will divide digital assets into securities and non-securities, as well as a market management organization responsible for listing, valuation, market monitoring and supervision, depository and settlement. After establishing a founder’s fund in the first half of the following year, the city decided to recruit members.
In July 2019, it was the city of Busan officially It is designated as a regulation-free zone for blockchain technologies. The city plans to implement various blockchain applications in industries such as tourism, finance, logistics, and public safety. Since then, the local government has been actively pursuing its plans for blockchain technology, announcing in late 2019 the development of a blockchain-based digital currency in collaboration with telecom giant KT.
join us cable A channel to stay up to date on breaking news coverage The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside. Key levels: Resistance levels: $300, $310, $320 Support levels: $130, $120, $110 BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel. According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal. However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively. Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below. However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel. But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million. Dash 2 Tadawul – High Potential Pre-Selling
join us cable A channel to stay up to date on breaking news coverage join us cable A channel to stay up to date on breaking news coverage Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel. Key levels: Resistance levels: $2.00, $2.20, $2.40 Support levels: $0.50, $0.30, $0.10 DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency. the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart. Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14). Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below. Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone. But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million. Dash 2 Tadawul – High Potential Pre-Selling
join us cable A channel to stay up to date on breaking news coverage SEC Head Gensler Discusses Crypto Regulation After FTX Collapse – Says This Field Is ‘Bigly Incompatible’ – Bitcoin News Regulatory Oryen Network is the new face of DeFi, with Pancakeswap and 1 inch showing that sustainable yield is possible. Analysis – Jail fueled Lula’s determination to tackle poverty over profit. By Reuters Jules to enter management after failing to secure new funding China will use the cuts at the appropriate time to keep liquidity ample, Reuters reported, citing state media What does the midterm elections mean for today’s trading: live analysis France to release €5 billion in SDRs for countries at risk under G20 programme. By Reuters European stocks drop as central banks point to more challenges for 2023
Bancor Prediction Statistics Data:
BNT/USD market
Bancor Price Prediction: Bancor is preparing for an upward movement
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dYdX prediction stats data:
DYDX/USD Market
dYdX Price Prediction: DYDX is ready for an uptrend
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