Bitcoin
Jack Dorsey Muses On Social Media Takeover, Ethereum Weaknesses; Plus The Latest in Crypto Mining –
Former Twitter CEO Jack Dorsey ponders Ethereum’s “single points of failure” and whether one man should be able to control an entire social media network, while Bitcoin.com News gives you the latest scoop in the world of ETH and BTC mining rigs. One economist believes that the U.S. central banks’ response to the inflationary pressures could be beneficial for crypto prices. This is your digest of the week’s most important crypto news: The Bitcoin.com News Week in Review.
Jack Dorsey on Ethereum’s ‘Single Points of Failure’
Jack Dorsey is an internet entrepreneur who was the former CEO of Twitter. He claims that developers building on Ethereum have “at most one, if no more than many single points of failure .”
The statement was made in response to Vitalik Buterin’s comment about Elon Musk using Twitter.
Today’s Top ETH and BTC Mining Devices Continue to Rake in Profits
As the crypto economy is just below $2 trillion in value and making decent profits, application-specific integrated Circuit (ASIC) mining devices have been a boon.
While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51. 58 per day in profits.
Microbt Reveals Latest Bitcoin Mining Rigs
Microbt, a manufacturer of mining devices, has also announced the launch two new bitcoin miners.
Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of up to 126 terahash per second (TH/s).
Economist: Fed’s Response to Inflation Will Push Crypto Higher
Allianz Chief Economics Advisor Mohamed El-Erian claims that the Federal Reserve’s reaction to inflation will cause cryptocurrencies like bitcoin to “go higher .”
He said: “That’s what happens when you wait too long to recognize inflation and take action .”
This story contains tags
What do you think about this week’s hottest stories from Bitcoin.com News? Please leave your comments below.
Bitcoin.com
Bitcoin.com is the best place to find everything Bitcoin-related. We can help with buying bitcoins or choosing a wallet. You can also access the latest news and engage with the Bitcoin Forum community. This website lists Bitcoin-related companies, wallets, and exchanges.
Image Credits: Shutterstock, Pixabay, Wiki Commons, mundissima
Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.
-
Bitcoin4 years agoDigital Currency Group wraps up $600 million debt capital raise
-
Bitcoin4 years agoSalvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will End in Environmental Disaster’
-
Bitcoin4 years agoAstra Protocol provides identity protection for The Sandbox users
-
NFT4 years agoDRepublic launches a combined NFT platform, ‘MetaCore’ Using EIP-364
-
Bitcoin4 years agoWhere to buy Dogelon Mars after falling 15% on Thursday
-
Bitcoin4 years agoStella, a UAE Hospitality Brand, Now Accepts Crypto
-
Ethereum4 years agoEthereum prices skyrocket but Ether Gas Fees surge, fueling costly transfers
-
Bitcoin4 years agoAre you a Star Atlas fan?