Tech
Crypto and Web3 Remain Unperturbed During Microsoft Outage
The financial market has faced headwinds today following a technical issue with tech giant, Microsoft. This has seen institutions such as the London Stock Exchange, airlines, and banks face severe impacts. However, cryptocurrency markets and exchanges remain clear with positive comments from the industry.
Cryptocurrency market remains unperturbed
The glitch that is shaking financial institutions has yet to leave its mark on the cryptocurrency market. As of press time, major crypto exchanges, DeFi projects, and protocols remain active with growing volumes. Crypto executives have emphasized the underlying value of blockchain technology amid resistance from financial intermediaries. However, many fear the impact on broader economic sentiment that a stock plunge could limit market momentum.
David is a financial news contributor with 4 years of experience in Blockchain and cryptocurrency. He is interested in learning about emerging technologies and has an eye for breaking news. Keeping up to date with trends, David has written in several niches including regulation, partnerships, cryptocurrency, stocks, NFTs, etc. Away from the financial markets, David enjoys cycling and horseback riding.