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Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner
4.3.2023
On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire...
Solana CEO hoses down claims network outages caused by on-chain voting
28.2.2023
Solana Labs founder and CEO Anatoly Yakovenko said claims that Solana's network outages were caused by on-chain voting were born out of "pure ignorance."
Crypto Miners Blamed for Abkhazia Power Outages
7.2.2023
Major power blackouts in Abkhazia have been blamed on illegal crypto miners, marking a fresh setback for the region.
News headlines have been dominated by bitcoin (BTC) and altcoin mining in recent years in the de facto Caucasus-based state. Abkhazia sits in the northwestern corner of Georgia...
Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project
16.12.2022
Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digital currency lost 8.5% over the last month against the U.S. dollar and to date, it’s...
Solana’s co-founder addresses the blockchain’s reliability at Breakpoint
7.11.2022
In 2022 the blockchain has suffered from ten partial or full outages along with slow block times and Solana’s co-founder said it’s “not the experience that we want to deliver.”
Can internet outages really disrupt crypto networks?
1.11.2022
While some security issues do exist, major internet outages like the one witnessed across the EU recently cannot really threaten cryptocurrencies or their associated networks
First Mover Asia: Tough Week for Layer 1 as Solana, BNB Chain Suffer Outages; Bitcoin Trades Flat as October Doldrums Continue
10.10.2022
The problems that both protocols suffered are reminders that neither is really decentralized, and that they are not yet true challengers to Ethereum; ether and other altcoins trade sideways
Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’
1.10.2022
The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused...
Binance Sued in Italy Over Exchange Outages, Hearing This Week
13.9.2022
A group of Italian and international investors brought a class action lawsuit against Binance seeking damages for losses sustained during multiple exchange outages in 2021
Network outages have been Solana’s ‘curse,’ says co-founder
5.9.2022
The high-speed smart contract platform has suffered full or partial outages at least seven separate times over the last twelve months
Survivability in Times of Crisis, Internet Outages and Cyber Warfare – Bastyon Inventor Explains
25.7.2022
Bastyon is a social platform that combines elements of Youtube, Twitter and Torrent; it is closing in on half a million users and growing fast. Bastyon is built on the premise that social media should be Web 3.0, decentralized with an open-source code, distributed node infrastructure and...
Finder’s Crypto Experts Predict Solana Rising to $512 by 2030
23.7.2022
A panel of crypto industry experts has predicted that solana will be worth $166 by 2025 and $512 by 2030. “SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the chief beneficiaries if the Ethereum upgrades fail to deliver lower...
Solana developers tackle bugs hoping to prevent further outages
7.6.2022
Solana developers have tackled the “durable nonce transaction” bug that knocked the network offline for the fifth time this year earlier this month as network activity slows
Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized
1.6.2022
On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued...
Can Solana become the dominant PoS chain despite persistent outages?
10.5.2022
The Solana network seems to be battling persistent outages while seeking to address the industry’s trilemma
Metamask Users Complain About Connection Issues as Wallet’s Default Endpoint Suffers From ‘Major Outage’
22.4.2022
On Friday, users leveraging the Web3 wallet Metamask complained about service outages after Infura, Metamask’s default endpoint suffered from a “major outage.” The wallet company addressed the situation and explained the problems were due to Infura combating an outage. Metamask...
Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners
17.2.2022
The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to legalize the industry and utilize Russia’s strengths as a mining...
TVL, network outages, or derivatives: What's behind Solana's (SOL) 60%+ drop?
31.1.2022
SOL price is more than 60% away from its all-time high and data shows that it's not the network outages but the loss of territory to competing chains driving the correction
Halo Infinite Devs Can't Replace XP Boosts Wasted During Server Outages
23.1.2022
Some Halo Infinite players are frustrated that they wasted useful XP boosters by activating them right before server outages knocked the Xbox shooter offline and now it sounds like 343 Industries won’t reimburse players wasted boosts. Read more
Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country
10.1.2022
The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country...