Cardano Outage,Binance Bank Issues And SHIB Whales Buying

The Cardano network recently faced a minor interruption, but it was quickly resolved within minutes. Despite ongoing investigations, the root cause of the outage remains unknown. Developers reported that all nodes were automatically restarted and block producing nodes were temporarily impacted. Nodes are crucial components of any blockchain network, responsible for maintaining and processing transactions.

The Cardano network's ability to recover quickly and gracefully without the need for a network restart is a testament to its resilience. This is in contrast to other blockchain networks that have faced extended downtimes due to outages. The cause of node failure can vary, but a quick resolution is a positive indication of the network's overall health.

The Cardano community is applauding the network's quick recovery and its ability to continue producing blocks throughout the interruption. Some have even gone as far as to say that this incident is proof of Cardano's superiority over other blockchain networks. The CTO of Cardano-based decentralized exchange SundaeSwap, Pi Lanningham, commented "The Cardano network's ability to recover so quickly and efficiently after a 60% node failure is truly impressive. It's a clear indication of the network's robustness and reliability."
As of February 1st, 2023, Signature Bank will no longer support buying and selling crypto amounts less than $100,000 for its crypto exchange customers, including Binance users. This means that individual users may not be able to use SWIFT bank transfers to buy or sell crypto using USD for amounts less than $100,000. Binance is actively working to find an alternative solution for affected users. It's worth noting that only 0.01% of Binance's monthly users are served by Signature Bank and other Binance banking partners have not been affected. All other Binance functions, including buying and selling crypto using credit or debit cards and other supported fiat currencies, as well as the Binance P2P marketplace, will continue to operate as usual.
In the world of cryptocurrency, the SHIB army is getting ready for the launch of the beta version of the Layer 2 protocol for Shiba Inu. As a result, many are adding more SHIB to their crypto stash, with one anonymous user making a massive purchase of 848,776,937 SHIB meme coins for over $9.2 million in fiat USD. This news comes ahead of the highly-anticipated launch of Shibarium, which is expected to drive a significant price surge for the SHIB and BONE tokens. Additionally, the largest whales on the Ethereum chain are now holding over 50.5 trillion Shiba Inu in their wallets, making up 16.18% of their total portfolio. With the beta launch of Shibarium on the horizon, it's clear that the SHIB community is eagerly anticipating the future of this meme coin.
#cardano #binance #shibainu #shiba

https://www.coindesk.com/tech/2023/01/23/cardano-network-quickly-recovers-after-brief-node-outrage/

https://decrypt.co/119743/signature-bank-halts-swift-transactions-under-100000-crypto-users-says-binance

https://u.today/850-billion-shiba-inu-shib-grabbed-by-this-user-ahead-of-shibarium-beta-launch

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