Cryptocurrency Analysis and News Portal
South Korea's second-largest city Busan is developing a public blockchain network compatible with mainstream blockchain platforms such as Ethereum and Cosmos. The aim is to integrate blockchain-based services from various blockchain mainnets onto a single platform at a city level and develop Busan into a Blockchain city.Busan City has allocated
Read More
According to local news outlet News1, Busan, South Korea will establish a decentralized digital commodities exchange. Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets.“Taking advantage of the strengths of Busan, such as the Busan International Film Festival, G-Star;
Read More
The meltdown of crypto exchange FTX and growing negative sentiment against centralized exchanges has forced Busan City to drop its plans.The contagion of the collapse of the crypto exchange FTX is widespread and has a widespread impact across the entire crypto space. South Korea’s blockchain city Busan has recently dropped
Read More
Busan, the blockchain city of South Korea, has moved a step closer to forming a local crypto exchange, but it has dropped most of the global centralized exchange partners. The drastic decision comes in the wake of the recent colossal failure of centralized exchanges.The city announced the steering committee comprising
Read More
Busan wants to integrate blockchain technology into all facets of government service, and create the first city-run crypto exchange. Source
Read More
The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange.South Korea’s second-largest city, Busan, is reportedly reconsidering its plans to build a local crypto exchange as a consequence of the FTX collapse, the local news
Read More
Binance has pledged to help South Korea’s Busan as it aspires to become a blockchain technology hub for Asia by educating the city on the technology.For the initiative to grow Busan’s local ecosystem, Binance and Busan joined in an agreement in August this year. Busan also has signed four additional partnerships
Read More
Since being approved as a "regulation-free blockchain zone" by the South Korean government in 2019, Busan has been pushing itself as a blockchain hub and entered into several partnerships with firms in the industry. It has signed agreements with some of the world's largest crypto exchanges including Binance, FTX and
Read More
Gate.io, one of the world’s largest and oldest cryptocurrency exchanges, announced the signing of the Memorandum of Understanding (MoU) with the South Korean city of Busan. The agreement entails the cooperation between Gate.io and the Busan Metropolitan City government to develop blockchain infrastructure jointly in Busan.Following the agreement,
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
Read More