Tag: outage

May 14 2022

Insurance protocols are paying out millions to UST holders

May 14 2022 Published at CryptoSlate under tags  defi insurance lending outage stablecoins

InsurAce, a DeFi insurance platform that offered cover against a UST de-peg event, has confirmed that they will be paying out $12 million in USDT to users who hold a valid policy. The CMO of InsurAce, Dan Thomson, confirmed to us directly that "we'll payout and recover fast." Thomson went on to say, "This shows the importance of insurance in the industry and...

May 12 2022

Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges

May 12 2022 Published at CryptoSlate under tags  analysis outage stablecoins

The value of Tether (USDT) stablecoin against the U.S. dollar is seeing significant downward pressure on exchanges and has fallen below its $1 peg price. May 11 saw a 0.8% swing to the downside before closing the day at $0.9958. However, there was a massive 3% downward swing on May 12, with the $0.9663 level providing support as of press time....

May 03 2022

What now for Solana following ‘Candy Machine’ spam attack?

May 03 2022 Published at CryptoSlate under tags  hacks nfts outage technology

The Solana blockchain went offline for seven hours on Saturday evening following a bot attack that flooded the network. Bots sent millions of transactions per second via the 'Candy Machine' NFT minting protocol. The resulting congestion knocked out...

Mar 11 2022

Polygon (MATIC) suffers network outage sparking a wave of angry users

Mar 11 2022 Published at CryptoSlate under tags  altcoins outage

Polygon devs yesterday alerted users to an issue regarding Tendermint implementation, leading to network downtime. Network update:The team is currently looking into an issue with the Tendermint implementation used by one of the two layers of Polygon PoS chain.All users funds...

Feb 14 2022

Coinbase Super Bowl Ad Results in Outage, Shares Slip 5%

Coinbase spent as much as $14 million in its 30 second Super Bowl ad on Sunday only to see a temporary outage of its platform due to unprecedented heavy traffic of users.

Feb 23 2021

eToro Down as Crypto Markets Plummet

This is the second time within a month eToro has suffered outages at key market times

Jan 07 2021

Coinbase Suffers ‘Connectivity Issues’ Again as Bitcoin Hits Another Record

Jan 07 2021 Published at CoinDesk under tags  bitcoin bitcoin markets coinbase markets outage

Bitcoin suffered the same issues yesterday, which lasted six hours.

Jan 06 2021

Coinbase Is Down, Experiencing ‘Connectivity Issues’

Jan 06 2021 Published at CoinDesk under tags  coinbase markets news outage

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