Cloud Hosting

Former Twitter CEO Jack Dorsey ponders Ethereums 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. To top it all off, one economist predicts that the U.S. central banks response to the nasty inflation being seen could actually be good for crypto prices. Heres your bite-sized digest of this weeks hottest crypto news: The Bitcoin.com News Week in Review.

The internet entrepreneur and former CEO of Twitter, Jack Dorsey, claims if developers are building on Ethereum they have at least one, if not many, single points of failure.

The statement was in response to Vitalik Buterins commentary concerning Elon Musk running Twitter.

Read More

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits.

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.

Read More

Following Bitmains product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well.

Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the companys new Whatsminer M50 series, which offers hashrate speeds of up to 126 terahash per second (TH/s).

Read More

Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserves response to inflation will cause the prices of cryptocurrencies, like bitcoin, to go higher.

He noted: Thats what you get when youve waited too long to recognize what inflation is and to take action.

Read More

What do you think about this weeks hottest stories from Bitcoin.com News? Be sure to let us know your thoughts in the comments section below.

Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

Image Credits: Shutterstock, Pixabay, Wiki Commons, mundissima

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Continue reading here:
Jack Dorsey Muses on Social Media 'Takeover,' Ethereum Weaknesses; Plus the Latest in Crypto Mining Bitcoin.com News Week in Review The Weekly...