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Microsoft Goes Down But Crypto Doesn’t Care

Altszn.com by Altszn.com
July 19, 2024
in Blockchain, Crypto, DeFi, Web3
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Microsoft Goes Down But Crypto Doesn’t Care
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While outages are reported across industries, crypto websites and blockchains are up and running.

A bug found in widely used cybersecurity platform Crowdstrike has caused major outages in Windows operating systems which has led to disruptions in the airline, health, banking, and communications industry. The cryptocurrency industry, however, has remained unfazed.

All major networks such as Bitcoin, Ethereum, and Solana among others are not reporting any disruptions, and continue with 100% uptime in the production of new blocks.

Additionally, crypto websites, which are notorious for suffering downtimes during widespread market volatility have also continued operating without issues. According to DownDetector, users have not reported any problems at websites like Coinbase, Crypto.com, CoinGecko, CoinMarketCap, and others.

Robinhood is the only platform which is showing signs of disruption, although the company’s crypto offerings might not be affected.

Meanwhile, major banks and financial institutions like Visa, Bank of America, Wells Fargo, and others are showing signs of disruption across their services, according to DownDetector.

Crowdstrike is a platform that offers cloud-based online security solutions for major companies such as Microsoft and Amazon AWS. According to the company’s CEO George Kurtz, the problem originated in a defect from a single content update for Windows. Mac and Linux operating systems are not suffering any issues.

Kurtz was adamant in assuaging the concerns that this was not a security incident or a cyberattack. The issue has been identified and a fix has been deployed although users are still dealing with delays or issues with affected service providers.



Read More: thedefiant.io

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