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Nigeria Based Storage Provider Says It’s Too Risky for the World to Rely Centralized Cloud Storage Platforms
4.1.2022
In the past year, internet giants like Amazon and Google all experienced outages which were blamed on errors and failed upgrades. The occurrence of such outages and their impact around the world again highlighted the importance of having a decentralized internet. Also, just like how the Covid-19...
Power Outages in Russia’s Irkutsk Region Blamed on Home Miners
2.1.2022
Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source...
Scalability or stability? Solana network outages show work still needed
22.12.2021
Solana’s outages could be interpreted as mere hiccups in a new blockchain, but some suggest there’s cause for concern
Crypto Security in 2022: Prepare for More DeFi Hacks, Exchange Outages, and Noob Mistakes
19.12.2021
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Security is integral to crypto. This is perhaps unsurprising for something based heavily in cryptography, but with cryptoassets now surpassing a total market capitalization of USD 2trn, security has to be a key issue for every exchange, wallet, platform, user, and investor in...
No outages, no data leaks: The new WhatsApp killer built on the blockchain creates privacy-focused encrypted messenger
6.10.2021
Messenger and WhatsApp are known for aggregating user data and selling it for profit to advertisers. This company brings an encrypted messenger to protect the data
US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion
16.9.2021
At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small...
Lebanese Economy Crashes to New Lows – In Less Than Two Years Nation’s Currency Lost 90% Against the US Dollar
14.6.2021
The Lebanese pound dropped to a new low on Sunday against the greenback trading in the low 1,500s range to the U.S. dollar. Lebanon’s currency has been in a downward spiral since 2019, as the pound has lost 90% of its value since then. Reports note that Lebanese citizens are facing shortfalls...
Bitcoin Hashrate Slides- Low BTC Prices, Sichuan Wet Season, Upcoming Difficulty Spike to Blame
20.5.2021
While bitcoin prices plummeted this week, the network’s hashrate has also dropped considerably since tapping a high on May 9. Since then, the hashrate has seen swings between 10-15% because of the crypto market downturn, alleged issues with alleged power outages in Sichuan, China, and...
Avalanche Web Wallet Stalls For 6 Hours After Avalaunch Airdrop Snapshot
4.5.2021
The Avalanche cryptocurrency, the first cryptocurrency ever to implement the Avalanche consensus, experienced an outage of service yesterday when its web wallet presented an outage that lasted for six hours. This was the consequence of severe congestion due to an airdrop carried out by AvaLaunch...
2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash
2.5.2021
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following...
Crypto Exchanges Scale, But Outages Likely To Remain A Fact Of Life
27.2.2021
Exchanges have been the epicenter of the recent crypto bull market, facilitating the surge of bitcoin (BTC) and other coins towards new all-time highs. However, while they have almost certainly profited from the record prices and volumes the market’s now witnessing, many have been found lacking...
Bitcoin mining likely didn't contribute to Texas' power outages, says expert
23.2.2021
Kristy-Leigh Minehan said the state doesn't currently have enough mining infrastructure to cause significant problems for the power supply
Video Game Studios Across Texas Have Temporarily Closed Due To Winter Storms And Power Outages
19.2.2021
Texas, a state whose leadership has long espoused a hyper-individualistic Mad Max apocalypse sort of ethos, has spent the past week putting those ideals to the test. It has not fared well. A record-breaking winter storm led to power outages across the state, as well as food and water shortages....
Top Crypto Exchanges Experience Difficulties as Tesla News Prompts Trading Frenzy
8.2.2021
Binance, Coinbase, Gemini and Kraken are all having technical difficulties under heavy trading load
Kraken, Coinbase Suffer Outages Amid Market Volatility
29.1.2021
Spillover from market drama on Wall Street is crippling U.S. exchanges
Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages
22.1.2021
The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive...
Thai SEC Tells Bitkub Crypto Exchange to Improve Platform After Trading Outages
20.1.2021
The financial regulator ordered the Bitkub exchange to close and fix issues that caused several outages as prices spiked this month
Coinbase Redoing Infrastructure to Prevent Outages During Peak Times
17.1.2021
The exchange also said it's working to improve its customer service response time, another source of complaints
Coinbase Issues a Public Apology to EU and UK Customers — Did Not Address Its Global Issues
15.1.2021
Cryptocurrency exchange Coinbase published a statement addressing their U.K. and E.U. customers, apologizing for system outages and account restrictions. The company also recognized their customer support “has not been at the levels” expected. High Flow of Incoming Customers According...
Ignoring Outages, Coinbase Futures Set Record Highs as Bitcoin Rally Continues
7.1.2021
CBSE futures on FTX hit $311 Thursday afternoon