During the outage, many Crypto Twitter users called for the need for a decentralized social network built on blockchain.
Major social media and communication platforms Facebook, Instagram, and WhatsApp went offline this morning as the price of Bitcoin and other cryptocurrencies surged.As data from Cointelegraph Markets Pro shows, the Bitcoin (BTC) price moved above $48,000 after falling to a daily low of $47,166, an increase of roughly 3% in less than two hours. The price of Ether (ETH) similarly rose 2.7% over the same period to reach $3,376 at the time of publication. The sudden price volatility comes as major social media platform Facebook, photo and video sharing app Instagram, and messenger app WhatsApp — both owned by Facebook — went down at approximately 11:16 AM EST on Oct. 4. According to Facebook’s communications team, who communicated through Twitter, the company was “working to get things back to normal as
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