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AWS malfunction had a negative impact on Asian crypto-pots
Bitcoin at a low price: over 99% off
Review of "BezosChain"
Operators of some Asian cryptographic brands probably suffered the shock of their lives last Friday: due to technical issues with Amazon Web Services (AWS) servers, price turbulence has taken place. The people concerned were, among others, Bitcoin, which sometimes had to be reserved for a Schleuderpreis.
AWS disruption causes uproar among crypto Asian pubs
On August 23, a crypto-Brsen Asian had to accept some bugs: Binance and Kucoin, among others, were affected. Urglich for the disruptions were overheated servers – cooling systems were installed in the server rooms in Tokyo, as BTC-ECHO reports. – Bitcoin trading with Plus 500 – that's how it works. 80.6% of CFD retail accounts lose money. – Due to server overheating, service was limited, as reported by Kucoin: "Due to overheating of some of our chassis in the engine room we were using in AWS, Tokyo, some of our services might not be able to not be available. " But other problems also arose, as on some Internet networks, there was huge price turbulence on the banks. Changpeng Zhao, Binance executive, said in a statement via Twitter: "AWS has a problem, especially with caching services that affect some users around the world, and we are working with them to monitor the situation closely. " He also said that payment processes were also affected by the disruption.
AWS has a problem, mainly related to caching services, that affects some users globally. We are working on it and monitoring the situation closely.
– CZ Binance (@cz_binance) August 23, 2019
Digital coins for rewards "once in a lifetime"
The fact that the problems had an effect on some cryptography courses quickly made its way – some traders were apparently "lucky" and stealing real bitcoins at a good price. Because it was to receive for a few cents of the dollar. Crypto-influential Dovey Wan also entered the debate very early, showing unique price images on certain coins – prices being unstable due to server disruption.
Buy Bitcoin at $ 0.3 with BezosChain pic.twitter.com/DPvyNGS3VT
– Dovey Wan 🗝 🦖 (@ DoveyWan) August 23, 2019
While Bitcoins benefited from a significant discount, Ripple's price turbulence increased dramatically: an XRP temporarily cost $ 4,229 on Chinese cryptocto-BKEX, Cryptomonday announced. Completed transactions probably can not be reversed because they have been completed successfully.
The Crypto Wan expert criticized the dependence on AWS servers for these incidents. "Maybe we should think about how the cryptosystem (server replacements, complete nodes, BP, validators, etc.) will continue to be largely dependent on BezosChain, rather than Chinese centralization," she said. written on Twitter.
This incident may once again call into question the degree of security of crypto-treatments and their ability to secure a place in the traditional financial market if such price erosion can be caused by comparatively lesser difficulties. The debate between lawyers and opponents has received new food.
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Source of images: Wit Olszewski / Shutterstock.com, WIANGYA / Shutterstock.com