Binance, one of the world’s biggest cryptocurrency exchanges, is reportedly experiencing 500 error messages on its APIs. It says some withdrawal processing has been affected.
— CZ Binance (@cz_binance) August 23, 2019
— CZ Binance (@cz_binance) August 23, 2019 According to founding partner of Primitive Ventures Dovey Wan, the outages caused a number of Asia-based cryptocurrency exchanges to display erratic market data. In theory, it would have let traders buy Bitcoin for major discounts if they had limit orders in place on the relevant exchange. As Wan points out, maybe we should be increasingly concerned about the parts of our blockchain and cryptocurrency ecosystems that rely on centralized services like AWS.
Wen decentralized world computer again? https://t.co/c7pKO5v1kG — Dovey Wan ? ? (@DoveyWan) August 23, 2019 Who would have thought a fundamentally centralized service would cause problems for the blockchain?
