South Korean crypto wallet service, Bitberry shuts down due to “market deterioration.” The crypto wallet application is closing down for good on February 29. According to Root One Soft’s CEO, the main reason behind the app’s closure is the prolonged bearish reign in the crypto markets. Root One Soft is the parent company behind Bitberry. Moreover, it was revealed that the app is closing down due to the uncertainty that surrounds the future of blockchain technology. Bitberry shuts down amidst bear market Bitberry crypto wallet app was quick to garner a large number of users as it allowed people to