The incident was traced to a technical fault in CrowdStrike’s centralized software, which led to widespread issues including system crashes on Windows devices.
CrowdStrike’s head, George Kurtz, clarified that the problem was not a cyberattack but a technical glitch that has since been addressed. He urged affected parties to consult the support portal for further details.
Ardoino criticized the current reliance on centralized systems, arguing that such concentration makes global infrastructure vulnerable to failures.
He highlighted Tether’s commitment to developing decentralized technologies through its investment in Holepunch, a platform focused on creating resilient, non-centralized apps.
The incident has amplified calls from the crypto community for more robust decentralized solutions to enhance system stability and security.
BNY Mellon, the largest custodian bank in the U.S., has reportedly secured an exemption from the SEC’s Accounting Bulletin 121 for its institutional crypto custody operations.
Charles Hoskinson, co-founder of Cardano and Ethereum, has raised concerns about how former President Donald Trump and Vice President Kamala Harris approach cryptocurrency policy.
The Bank of Canada has announced that it is winding down its efforts on retail central bank digital currency (CBDC), as per an update on its website.
Circle is preparing for its initial public offering (IPO) and is set to relocate its headquarters to Wall Street in 2025, according to CEO Jeremy Allaire.