Top movers review: Terra (LUNA), VeChain (VET) and Hedera Hashgraph

Enterprise-level adoptions and new partnerships continue to drive the price of Terra, VeChain and Hedera Hashgraph higher. While Bitcoin (BTC) and major altcoins tend to garner most of the attention from investors, there are several projects that aim to bring greater decentralization, transparency, accountability and financial inclusion to society and businesses.  For the past few months, Cointelegraph has been identifying such projects extensively and several of the tokens recently highlighted have seen a massive surge in their performance. A good investor should keep track of how all the assets in…

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1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape in Bitcoin’ Says HRF’s Alex Gladstein

While central banks are focusing on creating more stimulus and economists expect inflation in the U.S. to rise, a number of other countries are suffering from considerable inflation right now. On Monday, the chief strategy officer for the Human Rights Foundation, Alex Gladstein, explained that 1.2 billion global citizens are living under inflation rates as high as two to three-digits. Inflation: The Silent Killer of an Individual’s Purchasing Power During the last week, a number of analysts and economists have been discussing the possible inflation rise coming to the U.S.,…

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Gemini crypto exchange sponsoring the Oxford-Cambridge boat race

“We are thrilled to be combining two of our greatest passions — rowing and crypto — with our sponsorship of this historic event,” said the Winklevoss twins. Tyler and Cameron Winklevoss, co-founders of the Gemini cryptocurrency exchange and former olympian rowers, will be sponsoring the 2021 Oxford-Cambridge Boat Race. In an announcement from Gemini today, the Winklevoss twins said the crypto exchange would be the principal sponsor for this year’s boat race between Oxford and Cambridge Universities — an event going back to 1829. In addition, Gemini will be funding…

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Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval

Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high. Non-fungible tokens and high-yielding decentralized finance platforms have been the focus of attention in the cryptocurrency sector for the past few months. This intense focus on NFTs, DeFi and Bitcoin’s price action means that some investors have glossed over the fact that it was a series of positive developments in stablecoins that helped kick off the 2021 bull market. One project that has  quietly amassed significant gains this year is Reserve…

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Norweigan energy tycoon spins up new Bitcoin business

Billionaire Kjell Inge Rokke believes BTC will become an important feature of the new monetary system. Norweigan energy service provider Aker Solutions is spinning up a new business dedicated to Bitcoin (BTC) after its CEO, Kjell Rokke, talked up the importance of the digital asset in a recent shareholder letter.  On Monday, Aker announced that it has established Seetee — a crypto-focused investment company that seeks to tap into the Bitcoin ecosystem. The spin-off company has been allocated $59 million, or 500 million NOK, which Aker says will “increase significantly…

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Bitcoin Balances on Exchanges Are Draining, Leading Platforms See $10 Billion in BTC Withdrawn in 4 Months

Bitcoin prices have regained momentum during the last two days as the price per coin touched a March 2021 high at $54,822 on Tuesday morning (ET). Back in December 2020, it was noted that bitcoin on exchanges dropped to a three-year low and this year bitcoin exchange balances continue to plummet. A whopping 189,000 bitcoin was withdrawn from the top five leading cryptocurrency exchanges since October 2020. Bitcoin Exchange Balances Plunge on a Myriad of Popular Crypto Trading Platforms The price of bitcoin (BTC) is doing well this week and…

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HODLer claims to have used crypto profits for father’s cancer treatment

A Redditor reportedly recommended an acquaintance invest in ADA, XDC, GLM, NEXO, and ETH back in 2019. Though investing in crypto has the potential to radically change someone’s financial situation, one HODLer is saying their actions may have actually saved someone’s life.  In a Reddit post under the r/cryptocurrency subreddit today, a U.K.-based user claimed that advice they gave to a university acquaintance two years ago resulted in that person’s father being able to receive critical treatment for lung cancer. “I met a guy in the library who was looking for…

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Interview: Questioning Bitcoin Narratives With Eric Wall

This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Eric Wall, CIO of Arcane Assets. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Eric Wall, CIO of Arcane Assets. Wall came on to the show to walk through some of his qualms with common Bitcoin narratives. He has a strong understanding of Bitcoin and is bullish on the asset, but does not think that all of the…

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Billionaire investor Mark Cuban to talk crypto on Blockchain & Booze tonight

Billionaire investor Mark Cuban is set for a virtual sit down to discuss what he finds exciting in the crypto space, perhaps over a few beers. And it’s live on Cointelegraph’s Twitter feed. “Shark Tank” star and Dallas Mavericks owner Mark Cuban will appear on tonight’s episode of Blockchain & Booze. Cuban is expected to talk about his fascination with decentralized finance and nonfungible tokens, and his views on the most imminent and compelling use cases for blockchain technology. The billionaire investor recently joined a group of National Basketball Association…

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Norwegian Oil Billionaire Says BTC Could Be Worth Millions of Dollars Each — Puts Liquid Company Assets in Bitcoin

Billionaire Kjell Inge Rokke’s company, Aker, has established a new business dedicated to bitcoin. Rokke believes that bitcoin could “become the core of a new monetary architecture” and each coin could be “worth millions of dollars.” His new company “will keep all its liquid investable assets in bitcoin.” Norwegian Public Company Gets Into Bitcoin Norwegian oil billionaire Kjell Inge Rokke has spoken in favor of bitcoin. His company, Aker ASA, which controls oil and oil service companies, announced Monday that it has established a new business, Seetee AS, to tap…

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