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Cryptocurrency News Today – July 22, 2024
Welcome to “Crypto News Today”, your daily digest of the cryptocurrency industry.
Global IT Outage Exposes Risks of Centralization in Microsoft Systems
The June 19 global IT outage, caused by a CrowdStrike software update, highlighted the vulnerabilities of centralized IT systems, leading to widespread disruptions. Despite the chaos, the cryptocurrency market remained unaffected due to its decentralized nature, demonstrating the resilience of decentralized networks. This incident highlights the need for diverse IT infrastructure and robust cybersecurity measures to prevent future disruptions. To learn more, visit the TDR website!
Bitcoin Eyes $67K Amid CrowdSpark Outage Disaster
Bitcoin is targeting a price level of $67,000 following a significant outage on CrowdSpark, a major cryptocurrency exchange. The outage caused market volatility, resulting in increased trading activity.
eBay’s NFT Marketplace Shutdown Raises Storage Concerns
eBay’s decision to shut down its NFT marketplace, KnownOrigin, has raised concerns about the long-term storage and security of digital assets. Users are questioning the reliability of centralized platforms for managing NFTs.
Telegram Announces Mini App Store for Blockchain Businesses
Telegram has unveiled a mini app store designed to enhance its blockchain operations. The platform aims to provide users with easier access to decentralized applications and services.
Polymarket’s Biggest Bet Fails as Trump Skips Mention of Bitcoin
Polymarket’s biggest bet backfired when former President Donald Trump failed to mention Bitcoin during his RNC speech. The unexpected outcome caused significant losses for those who bet on the content of the speech.
Binance Gets US Court Approval to Invest Customer Funds in Treasuries
Binance has received approval from a US court to invest customer funds in US Treasury bonds. The move is seen as an effort to ensure stable returns for its users amid market fluctuations.
Ripple Settlement Hopes Boost XRP Volumes Against Bitcoin in South Korea
Expectations of a settlement in Ripple’s ongoing legal battle have pushed XRP trading volumes above Bitcoin on South Korean exchanges this week. The surge in activity reflects investor optimism about Ripple’s future.
Galaxy Buys Cryptomanufaktur’s Ethereum Assets to Expand Staking Portfolio
Galaxy Digital has acquired nearly all of Cryptomanufaktur’s Ethereum assets to expand its staking portfolio. The purchase is part of Galaxy’s strategy to strengthen its position in the Ethereum staking market.
Ryan Selkis Resigns As Messari CEO After Inflammatory Tweets
Ryan Selkis has resigned as CEO of Messari after a series of inflammatory tweets. His departure marks a significant leadership shift for the cryptocurrency analytics firm.
Read more cryptocurrency news on the TDR website!