Crypto and Web3 Remain Composed Amid Microsoft Outage

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Institutions like the London Stock Exchange, airlines, and banks faced severe impacts due to a glitch from tech giant, Microsoft. The LSE Group was experiencing a global technical issue that was preventing news from being published. Airlines globally experienced technical issues with various states of disruption. However, the glitch is yet to affect the crypto market as 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 the impact on wider economic sentiment.