Crypto News Today – July 22nd, 2024
Welcome to “Crypto News Today,” your daily summary of the Crypto Industry.
Global IT Outage Exposes Centralization Risks 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 crypto market remained unaffected due to its decentralized nature, showcasing the resilience of decentralized networks. This incident underscores the need for diversified IT infrastructure and robust cybersecurity measures to prevent future outages. Please read all about it on the TDR Website!
Bitcoin Eyes $67K Amid CrowdSpark Outage Debacle
Bitcoin is targeting a $67,000 price level following a significant outage at CrowdSpark, a major crypto exchange. The disruption has caused market volatility, driving 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 NFT management.
Telegram Announces Mini App Store for Blockchain Activities
Telegram has unveiled a mini app store designed to enhance its blockchain activities. The platform aims to provide users with easier access to decentralized applications and services.
Polymarket’s Largest Bet Misses as Trump Skips Bitcoin Mention
Polymarket’s largest bet fell short as former President Donald Trump did not mention Bitcoin during his RNC speech. The unexpected outcome resulted in significant losses for those who bet on the speech’s content.
Binance Gains US Court Approval to Invest Customer Funds in Treasury Bills
Binance has received approval from a US court to invest customer funds in US Treasury bills. This move is seen as an effort to secure stable returns for its users amid market fluctuations.
Ripple Settlement Hopes Boost XRP Volumes Above 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 increased activity reflects investor optimism about Ripple’s future.
Galaxy Buys Cryptomanufaktur’s Ethereum Assets to Expand Staking Portfolio
Galaxy Digital has acquired almost 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 Following Inflammatory Tweets
Ryan Selkis has resigned as CEO of Messari after a series of inflammatory tweets. His departure marks a significant leadership change for the crypto analytics firm.
Read more crypto news on the TDR Website!