Microsoft Outage: Crypto and Web3 Remain Unfazed Amid Tech Glitch


The financial market has faced headwinds today following a glitch from tech giant, Microsoft. This has seen institutions like the London Stock Exchange, airlines, and banks face severe impacts. However, crypto markets and exchanges remain clear with positive comments from the industry. 

Crypto Market Remains Unfazed 

The glitch rocking financial institutions has yet to leave a trail on the crypto market. At press time, major crypto exchanges, DeFi projects, and protocols remain active with increasing volumes. Crypto executives have pointed to the underlying value of blockchain technology amid pushback from financial intermediaries. However many fear for the impact on wider economic sentiment a stock plunge might limit the market’s momentum. 

David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.





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