South Korean youth debt is on the rise, with crypto investments leading many desperate young people to bankruptcy courts, new data shows. Per Hankyoreh, on April 5, the Seoul Rehabilitation Court released a report on debt-related cases for the Financial Year 2023. The report’s authors noted that there had been a 31% rise in “personal...
The sovereign interoperability layer Union Labs has partnered with Lava to initiate an incentive Remote Procedure Call (RPC) campaign. According to a press release shared with Cryptonews.com, the incentivized public RPC campaign, also known as ipRPC, will offer a rewards pool worth $100,000 in token value. The partnership will establish Lava as the modular RPC...
(This article has been updated with quotes form Tezos Foundation) Decentralized exchange aggregator 1inch has unveiled a crypto debit card, which will enable crypto users for online and in-person purchases. The card is powered by payments giant Mastercard and developed in partnership with Baanx. Per the announcement on Monday, the 1inch Crypto Card will allow...
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on allowing options trading for Bitcoin exchange-traded funds (ETFs) offered by Grayscale and Bitwise. According to the SEC’s latest filing on April 8, the Commission has decided to allocate a longer period to review Grayscale’s and Bitwise’s applications to list the trading of their...
India now has a thriving Web3 ecosystem with over 1,000 startups in the space, a report published by Hashed Emergent on Tuesday showed. Bengaluru, renowned as the technology capital, has positioned itself as the central industrial hub in the country. These Web3 startups have collectively secured funding over $2.5b, reflecting their burgeoning growth and attractive...
Billionaire Arthur Hayes has expressed a cautious view regarding the upcoming Bitcoin halving and the effects it will have on the price of the asset. While many experts anticipate a significant rally for Bitcoin following the halving event, Hayes believes that the price action before and after the event could actually be negative. In a blog...
Solana developers have set their sights on April 15 as the implementation date for a fix to address the bug issue that recently led to a surge in transaction failures on the Solana network. The network experienced significant disruption, with over 75% of non-vote transactions failing. Per the team, an “implementation bug” in Solana’s use...
Coinbase has warned that the time of year could pose challenges for an upward momentum as traders await a price surge ahead of Bitcoin (BTC) halving. In its market commentary report released on April 5, Coinbase emphasized the need for the crypto market to find alternative narratives to propel prices higher. The Bitcoin halving, scheduled for around April 20...
Binance CEO Richard Teng stated that the exchange is in talks with a few different jurisdictions about selecting a new headquarters location, but has not made a choice as of publication. It has been a long-standing concern that the biggest crypto exchange in the world lacks a headquarters. Something that Former Binance CEO Changpeng Zhao...
European digital asset manager CoinShares claims Bitcoin ETF hype is slowing down despite the asset’s latest return above $71,000 per coin. In a Monday blog post, the firm highlighted how the biggest Bitcoin funds are still posting sizable inflow figures – but smaller than they were at their peak in early March. CoinShares’ Bitcoin Flow...