The team will leverage VeChains blockchain to store the merchandise data and every of the garment created will come with an NFC chip that will allow users to get important information about their collections.

The official announcement of the Bitcoin movement(BTCMVMNT)  platform states that the blockchain based Limited Edition merchandise collection is made up of just 300 items. These are 125 fully branded T-shirts, 125 caps and 50 hoodies, details pertaining to all merchandise will be stored on the VeChain blockchain via NFC chips. Commenting on the reason why they choose to use 21 as its design feature, the team explained that the inspiration comes from the fact that Bitcoin (BTC) has a total capped supply of only 21 million BTC which can ever be produced.

Zuby says the merchandise design will help to educate, inspire and empower the masses to take back absolute control over their finances through Bitcoin (BTC) and blockchain technology.

“I wanted to design a collection that inspires people to take control of their money, whilst empowering and uniting them through participation in the Bitcoin network. Bitcoin is known as the currency of the people and it puts the power back in our hands.”

The team plans starting official sale of garments on November 14,2020 at 17:00 EST. Individuals who are interested are asked to indicate interest through the BTC MVMNT platform before the sale kicks off. Anyone who participates in the sales will be able to verify the authenticity of their purchases via an app that is set to be launched on the 14th of November.

The crypto ship Satoshi has 777 cabins which are said to be auctioned out as Condos. The Ship is 811 feet long with 12 decks. The Cruise Ship comes with three restaurants, a juice bar, three bars, two cafes, four whirlpools, a water park, two pools, and many more. Payments can be done in BTC for all goods and services offered in the shop alongside other payment options like Fiat e.g. US dollar(USD).

The Cruise Ship will be delivered on Nov.4 in the Mediterranean and will subsequently be renamed to Satoshi, Chad Elwartowski, COO of Ocean Builders noted.

“We look forward to creating a hub for technology and innovation here in Panama. Our goal is to figure out how to live sustainably on the sea and chart new waters in this new frontier.” In addition to permanent residential units, Ocean Builders says that vacation rentals will also be available on the ship.

Reports from the Maritime executive publication states that the Cruise Ship was formerly known as “Pacific Dawn” by P&O Cruises Australia. It was built in 1991 and has been operating since then alongside the Princess Cruises and P&O Cruises.

People can now register as registrations are now opened and auction of the cabins will take place between Nov.5 and Nov.28. Ocean Builders also announced that the move-in date would be January next year. Buyers will be able to gain full ownership of the cabins and from then on pay monthly fees to help deal with operating services.

The company plans on selling 200 cabins first for a price range of $25,000 and $50,000.

The tweet was released on the 6th of October to an audience of over 283k, he also saluted the hip-hop artist Jermane Prime and Anthony Pompliano, Co-founder of Morgan Creek Digital. 

Shane Lee Lindstrom AKA Murda  Beatz is a well known individual within the Music Industry, he is also known for his collaborations with Drake, Travis Scott, Nicki Minaj and many others. He has also worked on 8 Grammy-Nominated albums with the  likes of Travis Scott, Drake, Nipsey Hussle, and the hit song “Nice for what” by Drake was produced by Murda Beatz.

More Interest In Crytocurrency

The endorsement or involvement with crypto-currencies by popular figures both in the movie industries and sport sectors did not stand today. In 2017,during the ICO craze celebrities such as Floyd Mayweather and Paris Hilton endorsed new coins back then. 

Aston Kutcher, an American actor and producer, had invested in UniKoinGold alongside Mark Cuban.

Ben Askren, a former UFC fighter regularly tweets about Cryto-currency and even got involved in crypto discussion topics such as the Bitcoin halving even to the point of changing his twitter name to ” Bitcoin Halving May 13″.

These are but a few of the popular figures who make a living outside of crypto but are involved and supportive of it.

According to Globes, the bill was passed by MK Oded Forer, Yevgery Soba, Yulia Malinovsky and Alex Kushnir, all four legislators from the Yisrael Beiteinu political party.

The regulatory reality in Israel is not adapted to the existing reality in the field. [Digital currencies] will continue to be a growth engine that allow the Israeli high-tech industry to flourish and develop.- The Bill Stated.

TAXATIONS IN ISRAEL 

 Currently Israelis are charged a capital gains tax of 25% anytime a conversion to cash is made or a sale of crypto is conducted.

Bitcoin lenders and those involved in bonds-related activities are charged less, they pay capital gains of 15%.

One of the legislators, Forer believes that the global pandemic has fostered the need for the ever developing country to adopt crypto-based payments.

“It is precisely in this period, when the economic future is not clear, [that] it is possible to promote digital payment options due to the social distance that has been forced on us,” Forer opined.

Israel continues to grow in it’s crypto adoption irrespective of the regulatory hindrance. Between 2018 and 2019, a report from Bitcoin Association shows that the number of crypto companies in the Middle-East grew over 32% with about 150 active blockchain companies.

“This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”

Speaking about why they choose Bitcoin among other assets, Mr. Michael J. Saylor, CEO of MicroStrategy stated

 “We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value. Bitcoin is digital gold – harder, stronger, faster, and smarter than any money that has preceded it. We expect its value to accrete with advances in technology, expanding adoption, and the network effect that has fueled the rise of so many category killers in the modern era.”

MicroStrategy is a leader in the business intelligence field with a 30 year experience in identifying future technological developments.

“MicroStrategy believes that buying $250 million in Bitcoin will provide it the opportunity to earn better returns and preserve the value of our capital over time compared to holding cash. Our corporate strategy and two-pronged capital allocation strategy are designed to benefit shareholders, customers, partners, and employees,” said Phong Le, President & CFO, MicroStrategy Incorporated.”

Bullish On Bitcoin and Other Cryptocurrencies

The cryptocurrency space seems to be in a slowly paced bull market, these few months have shown some massive improvements in crypto both price-wise and development wise. Bitcoin for its own is gaining massive exposure and is being considered as an alternative to fiat in some financial institutions. Earlier after the last Bitcoin Halving took place, Grayscale has been doubling its acquisition of Bitcoin. In a recent tweet, the CEO of Grayscale, Barry Silbert stated.

That is a Bullish Tweet and here is another.

Silbert also thinks MicroStrategy did a smart job purchasing Bitcoin.

Kucoin CEO Johnny Lyu said

“As one of the most globalized cryptocurrency exchanges, KuCoin has been expanding its fiat gateways. Now, our P2P Fiat Market supports Chinese Yuan (CNY), Indonesian Rupiah (IDR), Vietnamese Dong (VND), Canadian Dollar (CAD), and US Dollar (USD), the 5 mainstream fiat currencies. We also support 50 fiat currencies like EUR and AUD through our partnerships with Simplex, Banxa and PayMIR. In the future, we will continue to further our work towards globalization, enabling more users worldwide to enjoy the services we provide here at KuCoin, ultimately helping more users enter the crypto world.”

This is indeed huge news for the cryptocurrency world because USD is the most recognised inter-currency PayPal has an estimated 325M users. Latest data from Coinhills shows that among other fiats, USD is the leading fiat or paper money used to purchase Bitcoin and other cryptocurrency by over 63.21%. The combination of USD and PayPal should provide a nice amount of interest from PayPal users in Bitcoin and through the platform without having to worry about moving funds around to other platforms and encounter more fees.

Kucoin also plans to celebrate the first anniversary of the P2P Fiat Market on its platform, they hope to launch different campaigns that will create awareness of the P2P Fiat Market and the USD.

These funds will allow investors with a Crypto asset fund that embodies the resources of the SBI Group. 

The SBI Holdings plans on allocating 50% for XRP, 30% Bitcoin (BTC) and 20% Ethereum (ETH). They also stated that the sales of the fund shares to investors will be handled by the SBI securities and SBI Money plaza while the creation and handling of funds in partnership with an entity (Anonymous) would be handled by the SBI. The SBI Crypto trading operation, SBI VC Trade will have custody of the Crypto assets.

SBI and Ripple

The Japanese financial giant has been in partnership with Ripple for a very long time, they also invested in the project back in 2016.

JRNY Crypto reported that the SBI holdings will be partnering with Ripple to launch the Ripple Remittance platform, a platform believed to be a game-changer in the remittance world.

The Dual Currency Certificate product is linked to the BTC/USD exchange rates. It is issued at discount to the current price. The product will help investors take advantage of Bitcoins volatility.

“The launch of the Dual Currency certificate on BTC/USD shows how traditional banking and crypto finance are converging. Investors benefit both from the stability of a fully regulated Swiss bank and from yield opportunities offered by the crypto market.”- Stated Guido Buhler, CEO of SEBA Bank AG

This means that when a product matures which takes a period of 3 weeks, and the Bitcoin price is equal to or greater than the strike price, investors get the minimum yield of 3.23% (44.7% p.a). If at maturity Bitcoin price is down, investors may also lose their entire investment, the Bank stated.

“This structure of product should be regarded as a hold-to-maturity investment, even if the performance of the underlying asset is stable or possible, the price can be considerably below the issue price”- The Bank stated.

This product is aimed at those investors that have a “moderately positive” view on Bitcoin (BTC).

The product has been opened and ready for subscription since June 7th 2020. Product size issued is 10,000 minimum trade sizes of 10 certificates and multiples thereafter. SEBA Bank has noted that the product is publicly available in Switzerland and other countries but as a private placement. The US and UK are countries among the restricted regions.

Australians can also deposit funds directly to the exchange at the post office.

For many people, paying for Bitcoin at an Australia Post office feels safer than transferring funds online — particularly for first-time buyers. We’re proud of this partnership and would like to thank Australia Post for their continued openness to new technologies – the firms CEO Holger Arians said.

Increasing Number of Physical Locations for buying Cryptocurrencies

Australians and New Zealanders can now buy Coca-cola with their Bitcoin at any vending machine with a cryptocurrency payment QR code, this was announced by JRNY Crypto.

Recently, JRNY Crypto reported the increase in Bitcoin ATMs around the world, growing from over 7,000 to 8,208 ATMs in a space of months. The increase can only prove that investors feel safer or more comfortable buying Bitcoin at physical locations.

LibertyX has also offered individuals the opportunity to buy Bitcoin with cash at 20,000 retail locations which includes 7-Eleven, Rite Aid and CVS. ( Tony : If you plan to reference this then you most have posted the article then, its pending approval as at the time posting).

Paul Tudor Jones, an institutional investor had earlier indicated he’s interest in Bitcoin and even claimed to have 2% of his portfolio in Bitcoin. He encouraged other institutional investors to do the same stating that he recognizes Bitcoin “potential in a period when we have the most unorthodox economic policies in modern history.”

From time immemorial, institutional investors have only invested a small portion of their capital into cryptocurrency, this could be because of regulatory uncertainty or concerns over hacking and fraud amongst other things. 

Ryan Watkins gives he’s analysis.