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On October 6, the Israeli military said that the 162nd Division of the Israel Defense Forces launched a new round of ground operations in Jabaliya in the northern Gaza Strip on the evening of the 5th. The 401st and 460th Armored Brigades of the division surrounded Jabaliya overnight, and Israeli troops are currently operating in the area. The Israel Defense Forces previously stated that they have obtained intelligence on Hamas militants and infrastructure in the Jabaliya area.On October 6, according to the Financial Times, French Total Energy is considering getting involved in copper trading to expand its oil trading business into the metal sector. Rahim Azouni, the companys senior vice president for crude oil, fuel and derivatives trading, said at a closed-door meeting in London on Wednesday that the company has been "studying" the case for copper trading.On October 6, tens of thousands of people in London, UK, took to the streets to protest and held speeches outside Downing Street, calling on the British government to stop all arms trade with Israel and end the conflict in the Middle East. On the same day, protests and demonstrations broke out in many cities around the world, including the French capital Paris, the Italian capital Rome, the German capital Berlin, the Spanish capital Madrid, Barcelona, and the South African Cape Town.On October 6, the Bombay Stock Exchange and the National Stock Exchange of India will introduce a price control mechanism for stocks listed on their respective small and medium-sized enterprise platforms, the latest move to protect investors from manipulation. According to a notice issued by the two exchanges on October 4, the so-called enhanced regulatory mechanism will take effect on Monday, imposing trading restrictions on stocks whose prices fluctuate beyond a predetermined threshold over a period of time. Under the new rules, stocks will enter a compulsory delivery mechanism, cancel intraday speculative bets, and have a daily limit of up to 5%. In March this year, Indias securities regulator raised questions about manipulation.On October 6, Colin Cieszynski, chief market strategist at SIA Wealth Management, said that I am neutral on gold in the coming week. Fridays non-farm payrolls report boosted U.S. Treasury yields and the dollar because the report showed a steady or moderate pace of future rate cuts. Normally, this would be enough for me to be completely bearish on gold, but there is so much turmoil in the world right now, and with only a month until the U.S. election, I think volatility and uncertainty may provide some support.

“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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