Category: Debacle
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Bitcoin eyes $67k amid CrowdStrike outage debacle
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As traditional systems raced to resolve the CrowdStrike outage, the value of Bitcoin and the cryptocurrency market soared. Decentralized technology proved itself once again on Friday, as a global IT outage disrupted banking, media, travel and a range of everyday operations. Web3 markets have boomed as Web2 activity has slowed…
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Price Drops 98% Following Airdrop Debacle
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The realm of decentralized finance (DeFi) and blockchain-based social platforms has been electrified with the introduction of Friend.tech, a pioneering Web3 initiative designed to transform online communities. Centralized systems, with their inherent challenges and limitations such as control by governing bodies and financial intermediaries, starkly contrast with the decentralized ethos…