Author: Crypto News

Last updated: April 9, 2024 06:50 EDT | 3 min read 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 investment potential.In 2023, Indian Web3 startups secured about $270m in funding, reflecting an 81% decrease compared to 2022 figures. However, the number of funding rounds have remained consistent over the past two years. This trend…

Last updated: April 9, 2024 03:32 EDT | 2 min read The Floki Price Prediction garners attention as FLOKI’s valuation hits the $2 billion milestone, sparking speculation on potential whale accumulation. This digital asset, now trading at $0.000210, has seen a notable 2.52% rise within a day, accentuating its market presence.With a substantial trading volume of $240.5 million, FLOKI stands 57th on CoinMarketCap, underpinned by a massive circulating supply of over 9.5 trillion coins, although its total supply cap remains undefined. This significant market cap achievement raises intriguing questions about the future trajectory and investment dynamics of FLOKI.Floki Price PredictionThe…

Last updated: April 9, 2024 03:24 EDT | 1 min read 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 users to make seamless cash withdrawals at supported ATMs through crypto-to-fiat conversion.“This is another major step towards onboarding mass users to DeFi,” said Sergej Kunz, 1inch co-founder.“With the 1inch Card, the user can benefit from the advantages of both DeFi and traditional finance.” 1/ Hot…

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial contentWith investors increasingly looking to avoid being swept by emotions when trading, the importance of automated trading platforms has increased. Immediate iFex AI  advertises itself as one such platform that claims to provide a gateway to the future of trading.In this review, we’ll take a closer look at Immediate iFex AI, evaluating its features, strengths, and potential limitations to help you determine if it’s the right fit for your trading needs.Immediate iFex AI Summary Supported Crypto Bitcoin, Ethereum, Litecoin, and others. Accuracy Rate Not specified…

Last updated: April 9, 2024 03:11 EDT | 10 min read Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial contentBecause the crypto market is currently filled with uncertainty, investors are constantly on the lookout for platforms that can guide them through the complexities of this volatile market. Immediate Duac has positioned itself as a comprehensive solution, offering a range of educational resources, trading analysis tools, and third-party integrations. How true are these claims?Immediate Duac Summary Supported Crypto Multiple crypto and non-crypto assets Accuracy Rate Not specified Available on Mobile No mention of an…

Last updated: April 8, 2024 23:00 EDT | 1 min read 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 rehabilitation” applications in FY2023.The authors noted that “crypto investment” and “stock market purchases” were driving a rise in case numbers for people aged 20-29.South Korean Youth: Crypto Investments Going Wrong?The Seoul Bankruptcy Court compiles an annual…

Last updated: April 8, 2024 20:33 EDT | 1 min read Shiba Inu Investors Redirect Funds to Fresh ICO, Targeting 1000% Upside / Source: Cryptonews As Shiba Inu (SHIB) consolidates close to its 21DMA at $0.000029 after having pulled back nearly 40% from last month’s highs, Shiba Inu investors redirecting funds to a fresh ICO called Sponge (SPONGE) as they target 1,000% upside.Shiba Inu remains one of the leading crypto meme coins, second in market cap only to Dogecoin. But its monstrous market cap of last around $17 billion suggests the scope for further gains is somewhat limited.Sure, Shiba Inu could…

New Crypto Presale Dogeverse Raises $250,000 in Minutes, Will This Multi-Chain Meme Coin Explode? / Source: Dogeverse WebsiteMonday, April 8th, 2024 – New crypto presale Dogeverse ($DOGEVERSE) has raised $254,000 within minutes of launch, indicating it could be the next meme coin to explode on the scene.Doge Day coming on April 20 will be a huge fillip for Dogeverse, as hype around all things Doge reaches fever pitch, against the backdrop of the bitcoin halving to boot.If those two drivers were not enough to send this meme coin’s price on a skyward ride, its multi-chain properties certainly spikes the rocket…

Last updated: April 8, 2024 19:30 EDT | 3 min read The Russian government’s crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow.After years of infighting and neglect, Russian government bodies, ministries, and the Central Bank finally appear close to regulating the crypto sector.Per the Russian-language media outlet Happy Coin News, the working group’s chair, lawmaker Andreу Lugovoy said Moscow’s “first step in regulation should be crypto mining.”A Russian crypto mining center. (Source: Novaya Gazeta/YouTube)Russian Government Crypto Policy Finally Ready for Rollout?Lugavoy said politicians and regulators were currently “talking mainly about Bitcoin mining.” He…

Last updated: April 8, 2024 17:36 EDT | 2 min read Decentralized finance (DeFi) protocol dYdX is currently investigating an unexpected halt in block production following a scheduled upgrade of its chain on April 8.dYdX has confirmed the outage on its mainnet and noted that ecosystem engineers are currently debugging the issue. According to an incident report, the outage has been ongoing since 6:50 a.m. UTC, and no fix is expected for several hours.Major Outage Hits dYdX Chain Following Scheduled Protocol Upgrade 🚨 Update on the dYdX Chain Protocol v4.0 Software Upgrade. The upgrade is now expected to happen between…