Day: 23 April 2023

Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy — Week in Review

Bitcoin proponents eyeing fiat failures are in no shortage of news on the topic as of late, as multiple officials, economists, authors, and analysts from around the world have been weighing in on “de-dollarization” in a prolific fashion. Author and libertarian Jeffrey Tucker said recently: “The dollar’s just not going to be king,” and Russia’s foreign minister says a flight from the U.S. dollar “is sure to accelerate.” In related news, the historic fall of Italy’s Medici bank could shed some light on movements being witnessed in the global banking…

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Greenpeace Has Stopped Accepting Bitcoin Donations Due to Network’s Environmental Impact – Bitcoin News

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[ad_1] Greenpeace, the ecological NGO, has stopped accepting bitcoin donations due to the big impact the cryptocurrency network has on the environment. The organization, which was one of the first NGOs to add bitcoin to its donations arsenal, has now backpedaled due to the growing energy consumption of the underlying network powering the asset. Greenpeace Stops Accepting Bitcoin Donations Greenpeace has stopped accepting bitcoin donations due to the big environmental impact that the energy consumption that the Bitcoin network is having. The NGO declared in an article earlier this week…

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Bitcoin price crawls 2.5% off lows as weekly chart risks ‘bearish engulfing’

A “horrendous bearish engulfing” risks defining the weekly close, but all may not be lost, Bitcoin price analysts insist. Source – cointelegraph.com

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Solana (SOL) Plunges Over 13% – Will It Bounce Back?

Solana is facing its share of the bearish sentiment in the cryptocurrency market today. SOL has held above $20 since it jumped from $18 to $24 on January 14.  However, the coin has seen a drop of 12.54% in price in the last seven days. Now, investors wonder if there are any signs of recovery. Crypto Market Plunge Affects Solana After the collapse of Alameda Research and FTX last year, SOL price joined the trend of price losses in the market. The Solana blockchain raised funds from FTX and Alameda…

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