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Binance And Luxury Brand Vertu Paris To Roll Out New Smartphone NFTs | Bitcoinist.com – Bitcoinist

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Crypto exchange Binance and luxury brand Vertu is celebrating luxury and innovation.
In honor of the 22nd anniversary of Vertu Paris and the introduction of the next generation of smartphones, the luxury brand is forging a partnership with Binance to salute the ultimate integration of cryptocurrencies, Web 3.0, NFTs, and the new smartphone.
As part of the event, Vertu Paris will exclusively release the new Vertu Constellation X UlmTM smartphone on June 20 via Binance.
By purchasing an NFT from the Vertu Paris website, brand devotees will be able to purchase one of over 10,000 high-end mobile phones.
The Constellation’s official price is approximately $15,000, however the devices will be available online for only $5,175 each.
Some 1,000 NFTs will be available on the Binance NFT platform. The remaining NFTs will be for sale on the decentralized platform Galler.io on the Vertu Paris website.
The buyer of an NFT has until September 23 to select between two choices.
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The first step is to convert the non-fungible token into a real Vertu Constellation X ULM, which they will receive no later than February of next year.
Second, they may retain the NFT and join the new Vertu 3.0 business club, which unites the brand’s customers with the web 3.0 community.
With a mission to make the “extraordinary” accessible, the new Vertu Constellation is a combination of cutting-edge technical innovation and haute couture craftsmanship.
The Constellation is packed with solid 5G capability, a fingerprint sensor for biometric security, worldwide connection with dual SIM, and a breathtaking 6.71-inch 120Hz display. It is the ideal companion for international travelers and enthusiasts of premium smartphones.
Communitake, a pioneer and industry leader in the field of communication security, was enlisted by Vertu to develop its centerpiece mobile gizmo.

All conversation and message interactions will be encrypted using Communitake’s cutting-edge technology to prevent the interception of voice, data, and location. On the Communitake website, patrons will find all Vertu Paris security services.
Vertu is a British-headquartered maker and retailer of luxury, handcrafted mobile phones that was founded in 1998 by Finnish mobile phone manufacturer Nokia.
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The Vertu objective, according to product reviewers, was to advertise mobile phones as fashion items, with the reasoning “if you can spend $20,000 on a watch, why not on a mobile phone?”
Vertu is the creation of former Nokia chief tech designer, the Italian Frank Nuovo.
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Freelance writing is Jet’s other cup of tea. When not on his computer, he unwinds with a cold bottle of beer and laughs with his son over cartoons. Other than that, he’s just like everybody else who wants to be happy with their life.
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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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