Wednesday, December 18, 2024
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Did a massive Chinese power outage cause Bitcoin’s crash down to $50K?

Woo noted reports identifying the blackouts were published late last week, with the power outages occurring to facilitate safety inspections in response to a recent flooding accident at a local coal mine that saw 21 miners temporarily trapped underground after power and communications went down.According to the Cambridge Bitcoin Energy

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Users of top Indian crypto exchange report seeing ‘0’ funds during outage

Major Indian crypto exchange WazirX experienced disruptions caused by system failures for more than four hours Sunday. In a tweet at 5:24 PM UTC, WazirX CEO Nischal Shetty reported that the crypto exchange had “hit some internal limits” set by one of the infrastructure providers. The load on Wazir’s system reportedly

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Following six-hour outage, Solana draws criticism and support

Yesterday, a nearly six hour network outage from Solana, a layer-one blockchain known for its high throughput, drew both jeers and support from traders and developers across the smart contract space. “At approximately 1:46pm UTC on December 4th, 2020, the Solana Mainnet Beta cluster stopped producing blocks at slot 53,180,900, which

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Cloudflare Outage Shows Crypto Holders Are Not That Decentralized

Cloudflare, a major company responsible for running an array of functions for websites across the internet, suffered downtime on July 17, affecting a large number of websites' functionality. The downtime ultimately caused a drop in Bitcoin (BTC) transactions."The Cloudflare DNS [Domain Name System] outage can be seen reflected in the

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