EUR/USD 1.17448
-0.312%
Gold 4698.92
-0.754%
Oil 98.117
2.782%
USD/JPY 157.602
0.242%
GBP/USD 1.35341
-0.552%
GBP/JPY 213.305
-0.305%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
May 12 – Canada hopes to reach free trade agreements with the Philippines and the broader Southeast Asian group this year to strengthen business ties with the region and expand trade beyond the United States. Canadian International Trade Minister Manidel Sidu visited the Philippines on Tuesday, meeting with Philippine Trade Secretary Christina Roque and Finance Secretary Frederic Go. After the meetings, Sidu stated, “The negotiations are progressing very well.” Sidu noted that Canada has also joined the Luzon Economic Corridor project, supported by the United States and Japan, with Canada contributing C$2 million. He indicated that potential investment areas include data centers, logistics, and energy.On May 12, Premier Li Qiang sent a congratulatory message to Péter Majolóri, congratulating him on assuming office as Prime Minister of Hungary. Li Qiang stated that China has always regarded Hungary as an important partner in Europe and is willing to work with Hungary to carry forward traditional friendship, enhance political mutual trust, deepen pragmatic cooperation, and promote the steady and long-term development of China-Hungary relations to better benefit the people of both countries.ECB Governing Council member Pacharidis: There is a possibility that the ECB will not raise interest rates.On May 12, the State Flood Control and Drought Relief Headquarters Office and the Ministry of Emergency Management organized a joint consultation with meteorological, water resources, and natural resources departments to assess the recent trend of heavy rainfall and deploy flood prevention and disaster reduction work in key areas. The consultation indicated that from May 12 to 14, parts of Jiangnan, South China, and eastern Guizhou are expected to experience heavy rain or torrential rain, with localized areas experiencing extremely heavy rain, accompanied by thunderstorms, strong winds, hail, and other severe convective weather. Attention should be paid to preventing flash floods, geological disasters, floods in small and medium-sized rivers, and urban flooding. The consultation emphasized strengthening the emergency response and follow-up feedback mechanisms for disaster warnings, conducting rolling joint consultations, strictly implementing the emergency response and follow-up feedback mechanism that reaches the grassroots level, focusing on evacuation and relocation, and resolutely and decisively relocating threatened people in accordance with the "four strict requirements." It also stressed strengthening the investigation and rectification of risks and hidden dangers, closely monitoring vulnerable sections of dikes, dangerous reservoirs, narrow flood channels, flash flood mouths, and key locations such as nursing homes, construction sites, temporary sheds, guesthouses, and tourist attractions, eliminating risks and hidden dangers before they escalate into disasters.The Eurozones ZEW Economic Situation Index for May was -41.4, compared to -43 in the previous month.

“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.

Suggestion