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Meta Platforms (META.O): By 2028, it will invest more than $600 billion in the United States to support the expansion of artificial intelligence technologies, infrastructure, and workforce.On November 8th, Kpler analyst Amena Bakr stated that OPEC+s decision to suspend production increases in the first quarter of next year is a precautionary measure, given the current market glut. "OPECs suspension of production increases is a prudent move, given the current oversupply," she said. Furthermore, as previous production cuts are gradually phased out, the organizations spare capacity has decreased significantly, currently estimated at around 4 million to 4.3 million barrels per day. "Some OPEC+ members have been struggling to increase production, raising concerns about whether more supply will be needed in the future. We are facing a constrained situation, with spare capacity within the group continuously decreasing."The German DAX 30 index closed down 191.13 points, or 0.80%, at 23,553.11 on Friday, November 7th; the UK FTSE 100 index closed down 55.48 points, or 0.57%, at 9,680.30 on Friday, November 7th; the French CAC 40 index closed down 14.59 points, or 0.18%, at 7,950.18 on Friday, November 7th; European... The Stoxx 50 index closed down 47.73 points, or 0.85%, at 5563.45 on Friday, November 7; the Spanish IBEX 35 index closed down 233.10 points, or 1.45%, at 15887.00 on Friday, November 7; and the Italian FTSE MIB index closed down 187.69 points, or 0.44%, at 42881.00 on Friday, November 7.Ukraines Presidential Advisor on Strategic Affairs, Kameshin, stated that the proposal regarding the export of weapons to Ukraine will be put forward in December.The schedule shows that Azerbaijani BTC crude oil exports from the port of Ceyhan will reach 17 million barrels in December, up from 15.3 million barrels in November.

“Ethereum Has Many Points of Failure”: Says Former Twitter CEO

Skylar Shaw

Apr 22, 2022 09:51

Building on Ethereum, according to Jack Dorsey, has a lot of failure spots.


He also remarked that he believes social media should not be controlled by the wealthy.


As an institutional investment asset, Ethereum has underperformed this year.


Two of the most powerful Twitter influencers weighed in on Elon Musk's bid to acquire the social media behemoth Twitter in a Twitter debate.


In response to one of these posts, Ethereum was chastised for not being the best blockchain for creating a decentralized social media platform.

"Not Ethereum," Dorsey Says

Former Twitter CEO Jack Dorsey, in response to a tweet from Ethereum inventor Vitalik Buterin, expressed similar sentiments on Buterin's stance that rich people or companies should not hostilely seize social media.


The remark was made in response to Tesla CEO Elon Musk's $41 billion deal to purchase Twitter.


While Dorsey consented to this, he was provoked by another response from 'DeSo,' an ostensibly decentralized social media system. "If you're building on ETH, you have at least one, if not many, single points of failure and hence not attractive to me," Dorsey stated in response to DeSo's presentation.


When told that it wasn't based on Ethereum and that it was a Layer-1 protocol controlled by a 'Foundation' rather than a 'Corporation,' Jack simply answered, 'a foundation is a single point of failure.'


As a Bitcoin maximalist, Jack has always been outspoken about his crypto opinions, and they don't seem to be side with Ethereum at the moment.


But he isn't the only one who isn't a fan of Ethereum at the moment; institutional investors haven't been showing much interest in the cryptocurrency king.


According to the CoinShares fund flow data for the week ending April 15, Ethereum once again failed to make a difference in the market, with outflows totaling $97.3 million.


During the week, Ethereum had the second biggest outflow of $27.1 million, behind only Bitcoin with $72.1 million.


However, in terms of year-to-date flows, Ethereum is the worst-performing asset, with $153 million withdrawn, compared to $145 million pouring into the king currency.


Although the recent market rebound may boost interest in the asset in the coming weeks, the present picture is consistent with Dorsey's assessment of Ethereum as a poor investment vehicle and Dapp network.

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