New offshore wind training facility could bring a boost to Salisbury’s economy – 47abc – WMDT

SALISBURY, Md. As the nation moves toward relying more on renewable energy, one local company is getting ready to provide training for those workers. Everybody needs to go through training, and its a lot of people at the same time. So in the end I think we will have delegates here from the whole country, said President of Arcon Training Center Katarina Ennerfelt.

Arcon Training Center will soon be one of the only places on the East Coast where people can get the safety training they need to become offshore wind workers. With our new administration we know that the alternative energy will be a whole different ball game, said Katarina.

Thats something that the Greater Salisbury Committee says could be a huge economic opportunity for the city of Salisbury. That would mean workers coming into the area for two to five days at a time, staying in our hotels, eating in our restaurants, shopping in our shops, said President and CEO of GSC Mike Dunn.

The facility offers four safety training modules, including training on moving material, equipment, or people safely. Trainees also learn about first aid and fire awareness, and how to safely scale and descend from great heights. We have four modules that were currently doing, one being the working at height. As you can see, we have the structure behind us where you learn to climb properly and be able to descend and also do some rescuing of people and equipment, said Arcon Project Manager and Engineer Christian Ennerfelt.

Some of the training equipment used in the modules already represents a boost to the local economy. Christian says a 24-foot steel structure used for training was the biggest investment for the companys training facility. The structure was made by Patriot Steel, based in Cambridge. Were trying to keep as much work as we can local. Its hard on the small details, but we do what we can to keep it locally here, said Christian.

Arcon is a family-owned company, that teamed up with the United Kingdoms leading wind training, AIS Training, to boost the wind training industry in the United States. Dunn says Katarina and Christians drive to expand their business is a perfect example of Salisburys entrepreneurial community. Small business and entrepreneurship is the drum beat and the back bone of the lower shore economy, said Dunn.

The facility was supposed to be completed in April of last year. But Katarina says COVID-19 threw a wrench in their plans. We didnt know when we could possibly get going. We didnt know when we could get the certification that we need to be able to train people, said Katarina.

Now that the work is complete and COVID-19 safety precautions are in place, Katarina says she and Christian are excited to get the ball rolling. By supplying this we are kind of adding on to the already existing skills training. Were generating economic development for the Eastern Shore, said Katarina.

Arcon tells 47ABC that over the past few weeks theyve been doing audit training courses. Those courses are monitored by the Global Wind Organization to make sure their training is up to snuff. So far, the company says theyve passed with flying colors. The company says they plan to open up their training classes completely in about two weeks. Thats after they get their final approval from the GWO. Katarina says theyre working toward having one module per week, with up to 12 students per class.

Katrina tells 47ABC theyre hoping to expand beyond that in the future. Plus, she says the company is currently working on their sea survival module. Those skills would come in handy for situations where a worker on a wind turbine at sea might be in danger.

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New offshore wind training facility could bring a boost to Salisbury's economy - 47abc - WMDT

Crowley Announces Offshore Wind Energy Partnership with Watco gCaptain – gcaptain.com

U.S.-based Crowley has announced a partnership with transportation services specialist Watco to create a single-source terminal and supply chain management system to support the growing number of offshore wind projects planned for the U.S. East Coast.

This partnership will provide turnkey services for the offshore wind industry in the area of terminal management, said Lynda Patterson, senior vice president of Logistics at Watco. Crowley and Watco will work together to leverage our respective expertise in logistics, project management, and energy support to create innovative solutions to meet full lifecycle project needs.

Watco owns and operates a network of short line railroads, terminals, ports, and mechanical shops, giving its customers single-point access to just about any form of transportation. The companys Green Port Industrial Terminals on the Houston Ship Channel is equipped to handle oversized offshore wind components and distribute them to projects across the country.

Crowley says it will provide its offshore logistics expertise through the utilization of its Jones Act-compliant fleet, engineering services and cross-over expertise in oil and gas, a sector it has operated in for more than 50 years. This will include the design and operation of service operation vessels (SOVs), crew transfer vessels (CTVs), turbine maintenance, offshore substation repair and maintenance, and additional services necessary to sustain offshore wind energy operations, according to Crowley.

The partnership comes after Crowley launched a New Energy division within its Crowley Shipping business unit to focus on the emerging offshore wind industry in the U.S. and LNG services. In launching the new division, Crowley said it seeks to become an offshore wind total lifecycle service provider, including transportation of turbines during construction, designs for industry-specific support vessels, shoreside terminaling, and supply chain services from farm construction through decommissioning.

Crowley and Watco are partnering to deliver safe, reliable, comprehensive lifecycle services for the offshore wind sector, said Jeff Andreini, vice president, New Energy division, Crowley. We understand that wind power companies entering the U.S. market have big needs, including infrastructure and supply chain. Weve engineered high performing equipment and logistics offerings to answer their needs, anchored by decades of experience to solve the challenges of both.

According to the American Clean Power Association, developers are expected to bring thirteen offshore wind projects online by 2026, delivering 9,100 MW of offshore wind power generation. It also estimates that offshore wind could create 83,000 well-paying jobs by 2030.

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Valentine’s Special: 16 Spectacular Heart-Shaped Islands and Lakes on Earth (PHOTOS) | The Weather Channel – Articles from The Weather Channel |…

2. Heart Island, Galesnjak, Croatia

View of Heart Island, Galesnjak, Croatia. The privately-owned island is one of the world's few naturally occurring heart-shaped objects. (paulprescott72/Thinkstock)

Mother Nature has a romantic side, and it shows in these spectacular natural displays of hearts all over the world. This Valentine's Day, explore the stunning heart-shaped islands and lakes dotting the Earth from a sun-drenched island resort in Fiji to a small lake high in the Swiss Alps.

1. Galesnjak, Croatia

View of Heart Island, Galesnjak, Croatia. The privately-owned island is one of the world's few naturally occurring heart-shaped objects.

Located in the deep-blue waters of the Adriatic Sea, the private, heart-shaped island of Galesnjak, located in Zadarski Kanal between Zadar and the Island of Pasmanin Croatia, came to the attention of romantics everywhere via Google Earth. It wasn't long before the owner of the uninhabited islandwas swamped with requests from couples to stay there, according to the Telegraph. As the most perfectly heart-shaped island in the world, Galesnjak, also known as Lover's Island, may serve as a romantic wedding venue (the island is available for bookings). But it won't be convenient: The tiny island is completely deserted, containing only wildvegetationand untouched beech forest, according to the official website.

2. Tupai, French Polynesia

A tiny atoll located just north of Bora Bora in French Polynesia, Tupai is a popular wedding spot and romantic getaway.

It's a common misconception that Tahiti is a heart-shaped island. But what many people may have been referring to is the heart-shaped atoll of Tupai in the island chain of Tahiti. For years, visitors (mostly couples) to French Polynesia only had the opportunity to fly Tupai via helicopter but Air Tahiti now offers flights to and from the island, according to GoTahiti.com. Tupai, about 11 miles to the north of Bora Bora, is fast becoming a popular wedding (and engagement) spot, with aerial tours and diving day trips also available. If you just want a glimpse of this romantic island, make sure to sit on the right side of the plane when departing Bora Bora.

3. Trnovacko Lake, Montenegro

View of the Trnovacko Lake lake in northern Montenegro, best known for its heart-like shape. The area is popular with local summer campers.

Located at the Bosnian-Montenegro border, Trnovacko Lake's beautiful heart shape makes itone of the most photographed locationsin the region, according to the Cross-Border National Parks website. The green-blue lake is 2,300 ft long and 1,300 ft wide set amidst a "huge amphitheatre of rocky peaks." The lake is drained from the Maglic, the Volujak and the Bioc hill ranges. According toLonely Planet: Western Balkans, the lake and its surrounding areas arepopular with local campers in the summer. There are several large beaches and a beech forest that provide shade during the hot summer days.

4. Heart Reef, Australia

Aerial view of the Heart Reef, a heart-shaped coral reef in the Coral Sea, in the Great Barrier Reef, Whitsunday Islands off the coast of Queensland, Australia.

The Heart Reef,a beautiful composition of coral that has naturally formed into the shape of a heart in the Whitsunday Islands in Australia, is perhaps the most photographed location of the Great Barrier Reef and the Whitsundays' most recognized attraction. It is best experienced from the air by helicopter or seaplane, as visitors are unable to snorkel or dive there due to its protected status, according to Live Science.

5. Lago di Tom, Switzerland

View of the Lago di Tom in the Piora Valley, in the canton of Ticino, Switzerland.

Lago di Tom is one of the main lakes in the Piora Valley,inTicino, Switzerland. Surrounded by the green peaks of the Ticenese Alps, the lake is one of the region's most scenic views, making it a popular hike.Aside from the heart-shaped wonder, however,tourists visit the valley for another rarity: local Alpine cheese, which is produced from the milk of cows that spent the summer high up on the mountains, according to the official website of Switzerland Tourism.

6. Tavarua, Fiji

Tavarua is a heart shaped island resort in Fiji known for its seven main surfing breaks. The island hosts annual professional surfing competitions.

The heart-shaped island resort of Tavarua in Fiji is considered one of the world's best surfing destinations. It's known as home to one of the most famous breaks in the surfing worldCloubreak. With waves breaking in the 10-20ft range, the island attracts surfers from all over the world. Located close to the main Fijian island, Viti Levu, and surrounded by a coral reef, Tavarua also offers a variety of vacation activities such as sport fishing, scuba diving, snorkelling and kayaking.

7. Coeur de Voh, New Caledonia

View of the Coeur de Voh, a natural large formation of mangrove vegetation that resembles a heart and can be seen only from above.

New Caledonia's Coeur de Voh, a large landscape formation of mangrove vegetation with a heart shape that can be seen only from above, was made famous byYann-Arthus Bertrand, who used an aerial photograph of the mangrove in his book"The Earth from Above."But its image constantly changes. As the mangrove vegetation changes,the colours and textures of the formation also change over time, according toKaren McKee of the U.S. Geological Survey - National Wetlands Research Center. Few people have seen the Coeur de Voh up close but in December 2012, a group of mangrove experts visited the location. They had to pass through a tangled forest of Rhizophoratrees to get there, but they found the area teeming with rich wildlife, such as mudskippers and tree-climbing crabs. The experts believe climate change may affect the heart shape of the Coeur de Voh in the future, however. With rising sea levels,Rhizophora trees may dominate the formationand obliterate the heart border and shape, according to a video produced by McKee.

8. Island near Port Chalmers, Alaska

Aerial view of a heart-shaped island near the Port Chalmers area, hidden in the beautiful fjords of Alaska.

While one may not be able to visit this heart-shaped island, lovers can enjoy this amazing aerial photograph taken by the National Oceanic and Atmospheric Administration (NOAA). Located at Port Chalmers in Alaska, the tiny islanddisplays the colour banding ofvarious bands of marine and terrestrial flora, according to NOAA.

9. Lake Antrona, Piedmont, Italy

A general view shows the heart-shaped lake of Antrona, nothern Italy, on September 22, 2014, near Antrona Piana.

The heart-shaped lake of Antrona in Piedmont in northern Italy is a popular hike. Visitors can walk around this jewel in about an hour and it's fringed with numerous wondersfrom a picturesque waterfall to charming bridges and tunnels. It's also surrounded by some of the best mountain views of the region.

10.Lough Ouler, Wicklow Mountains, Ireland

Located in Ireland's Wicklow Mountains National Park, Lough Ouler is a lake formed in a cirque excavated by a glacier. 

Located in Ireland's Wicklow Mountains National Park, Lough Ouler is a lakeformed in a cirque excavated by a glacier.The name 'Ouler' was derived from 'Iolar,' Irish for eagle, suggesting that eagles were seen here in the past. The lake is enclosed on the east side by a series of moraines which allow only a small stream to flow out of the lake to join the Glenmacnass River, according to the official website for the Wicklow Mountains National Park.

11.St. Paul's Bay, Lindos, Rhodes, Greece

View of St. Pauls Bay, located just south of Lindos on the southeast coast of Rhodes, Greece.

The heart-shaped St. Paul's Bay in Lindos, on the southeast coast of Rhodes in Greece is one of the most beautiful bays on the island, featuring a stunning, sandy beach, turquoise-blue waters, and majestic views. It is believedthat St. Paul came here in the year 51 AD to preach Christianity to the Rhodians. A small church built on the hillside to commemorate the visit has become a popular wedding venue, mainly because of the picturesque views of the bay and Lindos Acropolis visitors can enjoy from the site.

12.Llynnau Cwm Silyn, Snowdonia, Wales

The heart-shaped Llynnau Cwm Silyn (and its nearby twin lake Cwm Dulyn) is an inviting swimming hole, with clear, blue waters perfect for a refreshing dip after a hike.

Snowdonia in Wales boasts a magnificent landscape of mountains, valleys and forests dominated by the parks namesake peak. But it's also home to the Snowdonia National Park and stunning, sparkling lakes. One of these lakes, the heart-shapedLlynnau Cwm Silyn (and its nearby twin lake Cwm Dulyn)is an inviting swimming hole, with clear, blue waters perfect for a refreshing dip after a hike.

13.Lake Calvaresc, Switzerland

Located about 7,000 feet up the Calanca Mountain Trail between the Calanca and Mesolcina Valleys in the Swiss Alps, Lake Calvaresc is a stunning pool of water surrounded by scenic mountains views.

Located about 7,000 feet up the Calanca Mountain Trail between the Calanca and Mesolcina Valleys in the Swiss Alps, Lake Calvaresc is a stunning pool of water surrounded by scenic mountains views. Most hikers reach this beautiful, heart-shaped lake after three-day hiking trek from San Bernadino, staying in mountain huts along the way, according to Inhabitat.

14. Lake Heart, Khamar-Daban Mountains, Russia

A small, heart-shaped lake is seen near Russias Lake Baikal.

Trekkers to the Khamar-Daban mountains, a mountain range near Baikal Mountains in Siberia, Russia, and the Chersky Peak are rewarded by spectacular views of the massive, ancient Lake Baikal and Lake Heart, a small but stunning lake named for its romantic shape, on the mountain valley. Several tour companies offer guided treks of the Khamar-Daban mountains.

15.Heart-Shaped Lake, Tien Shan Mountains, Kyrgyzstan

A majestic heart-shaped mountain lake is seen in Tien Shan mountains, Kyrgyzstan.

The Tien Shan mountains, also known as "Heaven's Mountains," in Kyrgyzstan's easternmost tip are home to the breathtaking landscape of towering peaks and hanging glaciers. The region is also home to iceberg-filled lakes, including a turquoise-blue heart-shaped gem.

16.Rodrigo de Freitas Lagoon, Brazil

The heart-shaped Rodrigo de Freitas lagoon is photographed at dusk in Rio de Janeiro, Brazil, in November 2019.

A lagoon in the district of Lagoa in the Zona Sul (South Zone) area of Rio de Janeiro, Brazil, the Rodrigo de Freitas Lagoon is also called the "heart of Rio de Janeiro" due to its shape.Connected to the Atlantic Ocean, allowing seawater to enter by a canal along the edge of a park, the lagoon also serves as a recreational area for local residents, with nearly three miles of bike and jogging trails, and boathouses for rowing, according to Viator Travel.

**

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Valentine's Special: 16 Spectacular Heart-Shaped Islands and Lakes on Earth (PHOTOS) | The Weather Channel - Articles from The Weather Channel |...

Skulls, Private Islands, And Wu-Tang: Fun Things Jeff Bezos Could… – 2oceansvibe News

[imagesource:here]

Last week, Amazon founder Jeff Bezos announced that he was stepping down as CEO of the company, with former Amazon cloud chief Andy Jassyset to take over.

Anybody familiar with Bezos management style knows he wont be stepping away completely, but the multi-multi-multi-billionaire is going to free up some time to pursue his other passions.

Those include The Day One Fund, the Bezos Earth Fund, and Blue Origin, his private spaceflight company.

The man has options.

If he decided he felt like spending his money a touch foolishly, The Verge has outlined a few ways he might splurge, whilst leaving a good hundred million dollars in his account for a rainy day.

At the time of running the calculations, Bezos net worth sat at $193,2 billion. Thats just a touch more than the Forbes real-time billionaire tracker, which now has his worth at $192,2 billion.

First up, your man Bezos could buy 1 932 diamond-bedazzled Damien Hirst skulls:

In 2007, artist Damien Hirst hit the headlines withFor the Love of God, a model of an 18th century European mans skull that was swathed in 8,601 diamonds. Oh, and those teeth? Those are the originals, from the dead guy.

The skull sold for a cool $100 million.

That large pear-shaped diamond in the centre of the artwork is called the Skull Star, and ranks amongst the most significant and exceptional coloured diamonds in the world.

Nobody is saying Bezos needs1 932 of these, but now he knows he could.

If he went full petrolhead, he could also snap up 64 400 Bugatti Chirons:

The Bugatti Chiron, a $3 million car, is the kind of thing car people geek out about: With fluid curves and angrily squinting headlights, this coupes exterior design communicates power and performance, and its standard 1500-hp engine endows it with acceleration capabilities worthy of a bullet train, writesCar and Driver, dreamily.

Does anybody need more than 64 000 vehicles? No.

How about a private island, then? Bezos knows better than to get involved in the messy business of buying Jeffrey Epsteins Paedophile Island, but if you shop around, you can find some zingers:

Okay, listen, pretty much any millionaire can afford a private islandbut Larry Ellisons island, Lanai, is special. (He owns 98 percent of it.)

For starters, its Hawaiian, which means a more salubrious climate than Nova Scotia. It has everything! An art collection worth millions, a resort hotel thats been featured on Secret Lives of the Super Rich, a golf course designed by Jack Nicklaus that hosted Bill Gates wedding

Bezos could technically afford Ellisons island 644 times over, but thats not possible.

If he branched out, and perused whats on offer via Private Islands Online, he could snap up virtually every island worth in excess of $50 million and have change left over.

Is Bezos a huge Wu-Tang Clan fan? No idea, but in the hypothetical scenario that he woke up and decided he was, he may want to snap up the Martin Shkreli-owned Once Upon a Time in Shaolin, a Wu-Tang Clan album, of which there is just a single copy.

Shkreli paid about $2 million for the album, according to Bloomberg. In that 2015 story, Shkreli toyed with the idea of having artists make more private albums for him. Bezos could actually do this nearly a hundred thousand times.

He could create an entire private Beyonc catalog! Now thats what I call music.

With a price of $2 million, Bezos could afford the album a cool 96 600 times.

All that wanton spending above aside, Bezos could also make quite a difference in the lives of billions around the world.

His fortune is enough to end hunger in the US seven times over (its estimated that ending hunger would cost around $25 billion), or buy 9,6 billion doses of the BioNTech-Pfizer COVID-19 vaccine ($2 billion for 100 million doses).

That would be enough to vaccinate 4,8 billion people, with each vaccination requiring two doses.

Pretty wealthy, right? Yes, I know he doesnt have the full $190-odd billion lying around in disposable cash, and its linked to his Amazon ownership and so on, but allow the number-crunching above for the sake of escapism.

Last year, Bezos committed $10 billion to launch the Bezos Earth Fund targeting climate change, and $100 million to Feeding America, a network of more than 200 food banks across the country.

Next up, he may want to consider the working conditions of Amazon warehouse employees.

[source:verge]

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Skulls, Private Islands, And Wu-Tang: Fun Things Jeff Bezos Could... - 2oceansvibe News

Can You Afford to Live on a Cruise Ship With Social Security Alone? – Cruzely.com

Is there anything that sounds better than retiring on a cruise ship? You get to see the world, be waited on hand and foot, eat lots of good food, and theres always something to do. There are no dishes to wash, no lawn to mow, and you dont even have to make your bed.

Of course, we all know that those benefits to living on a cruise ship dont come free. In fact, weve run the numbers and even living aboard a modest cruise ship could come to a price of $175,000 for a couple sailing in a balcony cabin for a year.

With the average Social Security benefit being $1,543 in 2020according to AARP, theres no way you could afford to live on a cruise from just that money alone or is there?

The good thing about cruising is that if youre budget-conscious, there are plenty of ways you can cut costs. From sailing on older ships to staying in interior cabins to shopping for different itineraries and avoiding extras while on board, you can sail for surprisingly cheap.

But is it enough that a Social Security benefit would cover your costs, allowing you to live on the ship full-time if you wanted?

Lets find out

As mentioned above, the average benefit paid to Social Security recipients is almost $1,550 a month, according to AARP. But those benefits vary from person to person. Amounts vary based on work, salary history, and even the age that you applied for benefits.

Meanwhile, according to the same source, the maximum benefit you can receive is $3,148 per month significantly higher than the average check.

How does that compare to the cost of cruises?

When it comes to cruises, there isnt any sort of average cruise fare. In fact, fares can vary widely based on a number of criteria:

Cruise Line: Different cruise lines focus on different price points. This doesnt mean every cruise on one line will be cheaper than a similar trip on another, but in general some lines are less expensive than others. In particular, weve found MSC and Carnival to have the most affordable fares.

Sailing Date: If you want to live year-round on a ship, then youll have to deal with high summer and holiday prices. But if you want to live part-time, then you can find much cheaper trips by sailing when school is in session. Times like January-May (with the exception of Spring Break) and September-December (before Christmas) generally have lower fares.

Cabin Type: If you want to keep your sailing price low, then you should only look at interior cabins. These cabins are by far the least expensive on the ship. They can be hundreds and even thousands of dollars less than the same trip in a balcony room.

Other Expenses: In addition, you also have to consider the expenses beyond what is included in your cruise fare. Gratuities are typically around $15 per person, per day. For a couple sailing just a week, gratuities add hundreds to the cost of the trip and cant be avoided.

Onboard spending is also a major factor in what you pay to live on a cruise ship. The average person on vacation will spend hundreds once on the ship. The good news is that onboard spending is entirely optional. If you avoid things like paid excursions, spa treatments, alcohol, and specialty restaurants, you can theoretically cruise without spending any extra.

All this shows that when it comes to cruising, there really is no average it depends much on what youre willing to spend.

In order to see whats possible, we hunted down a couple of affordable options to compare their pricing to what you might get in benefits.

In our search, we found that you can spend a surprising amount of time at sea, but benefits alone wont cover sailing full-time. If you have other retirement funds, however, then being able to afford living on a cruise ship may be closer than you think.

(Note: Prices are accurate at the time of writing, but subject to change.)

Scenario #1 | Carnival Freedom | January 2022Earlier, we mentioned that Carnival is one of the more affordable cruise lines. Searching their website, we found back-to-back cruises aboard Carnival Freedom in January 2022. These two trips are six days and eight days, for a total of two weeks combined at sea.

Sailing from Miami, youll visit ports like Grand Turk, Carnivals private islands, Aruba, and Bonaire on trips throughout the Caribbean during the coldest month of the year in the United States.

Pricing out these two cruises with an interior cabin, as well as gratuities and port fees included, we found a cost of $1,147 and $1,673 for a couple sailing together. So for two weeks of sailing, youd spend a total of $2,820 for a couple sailing together.

Thats $1,410 per person, or about $140 less than the average Social Security benefit. If you earn the maximum benefit of nearly $3,150, then youd have plenty left over for additional cruises.

Scenario #2 | MSC Divina | September 2022MSC Cruises doesnt have a large presence in the United States compared to rivals like Carnival and Royal Caribbean, but it is making inroads. Whats amazing is that they can offer some of the least expensive cruises possible, while having a fantastic onboard experience.

In this case, we found several budget-friendly trips. First, departing the first day of September 2022 is a 10-night trip aboard MSC Divina from Port Canaveral to the Bahamas and Mexico. For two people, the price for an interior cabin comes out to $1,898 when you include in taxes, fees, and gratuities. You could follow that up with a four-day cruise for $690, and then another 10-day journey for $1,738.

All told, that comes out to 24 days of sailing for $4,326 for a couple or $2,163 per person. Thats obviously higher than the average benefit, but well within the range of the maximum amount paid.

(Want more tips on finding inexpensive cruises? See our 10 rules for finding the best deal here.)

So can you live aboard a cruise ship using only Social Security benefits? Unless you happen to receive near the maximum payment and also pinch your pennies onboard, wed say the answer is not quite. The average person would spend more sailing full-time than they receive in benefits.

This scenario also doesnt take into account any other expenses off the ship, such as healthcare, maintaining a home on land, or even time in port shopping or dining.

That said, if you are frugal, then you can get surprisingly far on your benefit alone. The examples above show that it is possible to sail multiple weeks for the amount of the average monthly government payment.

Keep in mind that if you want to stretch your dollars further, then you cant expect to have the same sort of experience as someone who is having a once-a-year vacation. In this scenario there are no balcony cabins, lavish specialty dining, drink packages, or daily gambling. Keeping costs low means you dont have the same experiences as you normally would on vacation.

One other thing to consider if youre interested in sailing on Social Security alone are monthly payment options. Cruise lines allow you to pay off trips in installments. That gives you the ability to pay off portions of sailings for less than the cost of your monthly benefit.

So while it might cost $3,000 for a person to sail on a cruise ship for a month, you could pay that off over the course of a year. So you could, in theory, book your cruises well in advance, pay off the trips over time with your benefit, and then enjoy living aboard the cruise ship for longer than if you had to make the payment all at once.

But unless you find some amazingly inexpensive cruises and have an outsized benefit, it seems doubtful you can sail on a cruise full-time on just Social Security alone.

Originally posted here:

Can You Afford to Live on a Cruise Ship With Social Security Alone? - Cruzely.com

Privacy is the New Luxury: The World’s Most Exclusive Villa Holidays to Book For 2021 – Luxury Travel Magazine

As isolation vacations become increasingly popular, with luxury travelers prioritizing space and seclusion, the trend of villa holidays is on the rise. Here are some top picks of the worlds best private villas offering everything from helicopter entrances, private yacht charters, in-villa spa suites and 24-hour butler service, all in sun-soaked locations.

Palazzo Di P - Zakynthos, Greece - World's 5th Top Luxury Villa

Palazzo Di P is a uniquely styled luxury private villa measuring 300m2 (3,230 sq ft) of indoor areas with breathtaking architecture, real stone arches, high ceilings, marble flooring from all over the world and a combination of period and contemporary furniture. Outdoor grounds measure 3.000m2 (3/4 acre), surrounded by olive trees, pine trees and vineyards. Palazzo can host up to 10 guests and has been awarded for two consecutive years for its exceptional service with the 5th and 6th place in the World in 2017 and 2018 respectively in TripAdvisor's Travelers Choice Awards in the category of High-End Villas.

For World-Class Indulgence - The Private Residence at Velaa Private Island, MaldivesNew in-villa Hamman, private gym, an award-winning chef and largest wine cellar in the Maldives

A veritable playground for the rich and famous, Velaa Private Island, Maldives offers the perfect getaway for a holiday in utter luxury, and their Private Residences are no exception. Palatial in size, the residences offer a vast array of facilities, fit for the most discerning billionaire.

The Nirolhu Private Residence is also proud to unveil its very own, brand new hammam spa, including a steam room, cold pool and marble treatment bed. Residents of this beautiful property are able to have a full Turkish Bath Ritual, using pure cold pressed Black Soap from exclusive Dr Burgener range, and a foam body massage performed on the heated Hammam marble bed, all from within their quarters.

At 1324m in size, the private residences have four enormous, sea-facing bedrooms providing ample space for up to ten guests, making them the perfect home away from home for a larger family or group looking for a memorable Maldivian moment. Other facilities include private gym and dedicated butler, whilst the rest of the island is home to three, world-class restaurants curated by the award-winning Chef Gaushan, and an extensive wine cellar the largest in the Maldives.

For Stylish Ambience - The Villa at D-Maris Bay, TurkeyHelicopter transfers, yacht trips, in-villa sauna and Hamman, five beaches and gourmet restaurants

Undoubtedly the most stylish spot-on Turkeys Turquoise Coast, the ultra-luxurious D-Maris Bay is perched above a picturesque cove offering breath-taking views of the Data Peninsula, where the Aegean Sea meets the Mediterranean. Boasting a sophisticated design blending the contemporary minimalism of the West with the exoticism of the East, D-Maris Bay is home to sprawling suites and an exclusive villa which can accommodate up to five people. Arrive from Dalaman airport via private helicopter transfer and soak up the striking view before landing at D-Maris Bays own helipad.

The 310-sqm villa at D-Maris Bay is home to a private Hamman and sauna and a 450-sqm garden and patio complete with a swimming pool, outdoor relaxation and al fresco dining area overlooking the coves turquoise waters, towering mountain ranges and verdant forests. Inside, the villa boasts a fully equipped Gaggenau kitchen, wine cooler and large living and dining area, and the two en suite guest bedrooms are decorated in chic white Calacatta marble with walk-in closets and floor-to-ceiling windows.

As well as a 24-hour butler service, villa guests will receive priority access to D-Maris Bays la carte restaurants; including the award-winning Japanese restaurant Zuma for fresh sushi and miso marinated cod, and steak restaurant Nusr-Et owned by Nusret Gke (also known as Salt bae). As well as an infinity pool overlooking Green Hill panoramic point, access to five private beaches, and a tranquil Mytha Spa, D-Maris Bays own motor yacht invites exploration of beautiful surrounding islands and hidden beaches; including Iztuzu or turtle beach, where endangered logger head turtles nest all year round.

For Barefoot Elegance - The Sanctuary at COMO Parrot Cay, Caribbean10.5 acres with private beach access, interiors by Donna Karen, three infinity pools and COMO butlers

Famed amongst the rich and famous for its luxurious private villas and residences Bruce Willis and wide, Emma Heming Willis owned a residence there, and Donna Karen, Keith Richards and Justin Bieber are known to frequent its beaches COMO Parrot Cay is the pinnacle of Caribbean luxury. The award-winning Turks and Caicos resort is set on its own private island with 1,000 unspoiled acres and mile-long beach, hidden coves and vibrant reefs.

Those seeking ultimate seclusion should look to The Sanctuary, one of the Caribbeans most exclusive villa rentals. Comprised of a three-bed, 9,000sqft main house and two, 4,000sqft guest villas, The Sanctuary sleeps up to 21 guests and is set on 10.5 acres, bordered by verdant jungle and with private access to the islands fringe of sugar-white sand. Exuding peace and quiet, warm woods and white linens blend with cool limestone interiors and one-of-a-kind antiques collected by Donna Karen, the creative mind behind the signature interiors. This luxurious hideaway could be yours for a cool 38,500 per night.

Each villa within The Sanctuary has its own infinity pool, sun-soaked deck and access to dedicated COMO butler service; arrange private dining experiences on the beach, in-villa COMO Shambhala spa treatments or kayaking the dense mangroves in search of wildlife.

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Privacy is the New Luxury: The World's Most Exclusive Villa Holidays to Book For 2021 - Luxury Travel Magazine

Dream Honeymoons: A Stopover in Dubai Makes this Maldives Adventure Doubly Sweet – My New Orleans

Its a long way to the Maldives, a far flung destination, replete with sapphire-colored seas and perfect paradisiacal islands (nearly 2,000 of them, many with their own resort havens). Peppering the Indian Ocean, this world of yachts, sea planes, unimaginable luxury, over-water bungalows (some with slides that whoosh you from your deck right into the sea), stellar diving and snorkeling, private island resorts and twinkling stars brighter than youve seen anywhere else in the world, embodies exactly what you have in mind for your honeymoon. Exotic and quixotic thats what youre after. You want to go to a place so fantastical you cant even conjure it in your mind. The Maldives embodies that realm of the inconceivable.

Baros Maldives

Whether you go now or later, you can make that across-the-world trip to the Maldives seem like a shorter jaunt when you break up your trip with a luxurious layover in Dubai or Abu Dhabi. Both Emirates and Etihad Airways (among other airlines) offer stellar and easy-to-book stay over packages to the area, so you can explore the largesse of these remote landscapes, havens of sand dunes and camels, splendorous urbanity, world class culture, swish coddling and stunning hotels. Consider letting the One&Only hotel group pamper you at one of two unforgettable hotels. Both the One&Only Royal Mirage and the One&Only The Palm in Dubai offer two-night Stopover in Style packages, created to immerse guests in local culture, from cuisine to wellness to adventurous excursions. One&Only Royal Mirage lies amidst 65 acres of garden, lined by a private beach. A feast of options, from nine restaurants to the immense Health & Beauty Institute, it offers such outings as a Sand Dune Safari, complete with falconry. Arrive by boat to One&Only The Palm, situated on an island enclave. With an Aladdin fairy tale vibe, it offers extravagant repose, including three restaurants, a Guerlain Spa, a beach and pools. Hole up in a cabana by the water, then cap the day with a hot air balloon ride over the desert.

One&Only Royal Mirage

Then, off you go to the Maldives. Honeymoon Part Two. Already far flung, secluded and an easy place to social distance (since most resorts occupy individual islands and design the landscape spaciously and with privacy in mind), the Maldives feels safer than most places in the world right now. Hey, its even farther away than Dubai. Take the intimacy you seek to the next level at swanky Baros Maldives, a long beloved resort, just a 30-minute boat ride from the airport. A member of Small Luxury Hotels, this adults-only refuge, a wannabe castaways dream, spellbinds with glamorous offerings like thatched roof suites that straddle the gin clear water on poles and a piano bar that floats on a platform surrounded by the sea. Though three stellar restaurants beckon, youll likely prefer room service and sexy picnics atop sandbars organized by your personal attendant. Experience the Maldives famous dhoni boats on a sunset cruise, sail away to seek dolphins, rays and turtles, learn to dive (they have a PADI center) or just wander the island picking hibiscus flowers to make wreaths for your hair. Want a feel good incentive? (And, we dont mean stretching out with your beloved in the sun.) Baros celebrates the environment with a notable coral regeneration program and sustainable efforts such as non-biodegradable products. Champions, they were among the first to be certified as an Eco-Dive Centre in the island, chain leading the way for reef protection and sustainability education.

One&Only The Palm

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Dream Honeymoons: A Stopover in Dubai Makes this Maldives Adventure Doubly Sweet - My New Orleans

19 things to know before your first trip to the Maldives – Cond Nast Traveller India

A sunny, breezy and crowd-free paradisethe Maldives is just a quick flight away without any visa hassles. But what they dont tell you about the tropical island is that the transfer and layover time and the many additional hidden costs can make or break your holiday experience. These tips and tricks will help you get the most out of your time in the island nation:

Fixed timings for seaplane and boat transfers means you could end up spending anywhere between one to four hours at the airport, losing the day in transit. But, a host of hotels are just a quick zip from Mal. Taj Exotica Resort & Spa, Maldives, Pullman Maldives Maamutaa, Grand Park Kodhipparu, One&Only Reethi Rah, Varu by Atmosphere and Ozen Reserve Bolifushi are all between 15 to 40-minute boat rides from the city.

If you choose a hotel that is a seaplane ride away, check if they can schedule it according to your flight timings to avoid waiting for hours.

A seaplane transfer could cost anywhere from $270 (Rs19,669) to $450 (Rs32,782). Dont forget to check if a complimentary ride seaplane or boat transfer is part of your deal.

The best part about the Maldives is that you can look forward to balmy, tropical weather almost all year round, with a chance of rain between the months of May to October in the Maldives. Expect some of the best deals during these off-season months.

When youre in paradise, you can very quickly run a very high tab on those pinacoladas, which is why its best to choose a resort with an all-inclusive plan for meals and drinks. This would usually include a selection of spirits both at the bar and in your room (replenished once or twice a day) and all meals at the buffet and some of the speciality restaurants. Kudadoo Maldives Private Island, Ozen Reserve Bolifushi, Heritance Aarah Maldives and Centara Grand Island are just some of the many all-inclusive resorts here.

At many all-inclusive resorts, non-motorised sports such as paddle boating, kayaking, windsurfing and canoeing are inclusive of the plan. If you stay for three or four nights, they may also add snorkelling, dolphin spotting and a night of star-gazing into your deal. However, there are some resorts like the Kudadoo Maldives Private Island, where you wont have to worry about giving your room number at any stage because everything is part of your package.

Many resorts tend to add additional deals such as a spa, a snorkelling session, sunset or dolphin cruise, a movie night under the stars, a dinner at a speciality restaurant if you spend over three nights at the property.

Maldives (MVT) is 30 minutes behind Indian Standard Time. However, some resorts have their own time zone (to give their guests some more daylight hours). So, they add about an hour or 1.5 hours to MVT. Check with your hotel, so you can schedule your departure in time to catch your flight.

An RT-PCR test must be taken at least 96 hours prior to departure. Children below the age of one are exempted. Note: Your test must have your passport number (Labs tend to ask for your Aadhar Card details if they dont know the purpose of your test, so dont forget to inform them).

You will also have to present an RT-PCR test no more than 96 hours old on your return journey. Factor in a day to receive the results. So if youre spending three nights in the Maldives, get tested on the second day. Its advisable to book your appointment with the lab on the island the day you reach in that case.

Once you have received your test results, you are required to submit an online Traveller Health Declaration form within 24 hours prior to departure. The form includes some basic information, your flight details, health details, the countries you have travelled to in the past 15 days and a drive to upload your negative RT-PCR test. Once youre done, you will receive a QR code. Keep a screenshot handy to present at Mal airport on arrival. The same declaration form needs to be filled on your return, along with an Air Suvidha form to reenter India.

Some properties like Soneva Fushi may request you to quarantine for 24 hours in your villa until you get your test results, so you might not want to schedule anything for that day.

You dont need much to have a good time in the Maldives. A few swimsuits, kaftans and cover-ups, sunglasses, a beach bag, hat and sandals are more than enough. Of course, an SPF suntan lotion is the most important, but also add some aloe vera to cool your skin after a long day of beach bumming.

The Maldives is an Islamic country. You are not allowed to bring idols of worship, religious books, pork and pork products, and alcohol.

Many people are often seduced by the idea of an overwater villa, but if youre a beach person, and especially if youre travelling with young children, a beach villa might be a better and safer option. Sand between your toes is a tangible luxury.

Resorts such as Anantara Veli Maldives Resort, Hurawalhi Island Resort and Kudadoo Maldives are adults-only resorts. Other resorts may welcome kids but not at the overwater villasfor safety reasons. Be sure to check with your resort before you book.

Yes, the Maldives is best known for honeymoons. But there are many resorts specially designed for parents to put their feet up and relax. Kids club with activities such as treasure hunts and pasta-making, and babysitting services, mean you can also slot in some spa time. When it comes to safety, most resorts are well-equipped with measures like railings and child-safety locks on the deck of the overwater villas. Families with young children, choose beach villas facing shallow island lagoons. Here are some great tips on travelling with your kids to the Maldives.

Check with the hotel on how far you need to go to spot marine life. Some islands in the Maldives are reclaimed, or artificial islands or have been affected by coral bleaching, and therefore offer a lower chance of spotting marine life. Some others, like The Westin Maldives Miriandhoo Resort, Dhigufaru Island Resort, Dusit Thani Maldives and Four Seasons Resort Maldives at Landaa Giraavaru are close to Hanifaru Bay, where the worlds largest congregation of manta rays takes place between June to October. The coral-clad reefs are healthy enough for you to just peep into the waters to spot fish.

It is recommended to wait for 12-24 hours before you get onto a plane after you have gone diving. This is because you could suffer from decompression sickness. For good orders sake, avoid flying out the day after you dive.

If exploring Maldives coral reefs is topmost on your priority list, why not live on the waters itself. Orca Dive Club organises luxury liveaboard experiences, where a boat is your base to set out on diving expeditions.

Climate change has put the Maldives at serious risk. But many of the countrys resorts are doing their bit to mitigate their impact on the environment. Soneva Fushi, Gili Lankanfushi, Kudadoo Maldives Private Island and Four Seasons Resort Maldives at Landaa Giraavaru employ several sustainable practices, from recycling plastic and glass onsite to using solar power and helping regenerate coral. Make the right choiceyou want your kids to enjoy this paradise as well.

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19 things to know before your first trip to the Maldives - Cond Nast Traveller India

Luxury, waterfront home on Venice Island listed at $3.5M – Sarasota Herald-Tribune

Marsha Fottler| Correspondent

Venice Island residents Genice and Jack Sullivan are selling their three-bedroom, three-bath home but they are not leaving their beloved island. Their current 5,000-square-foot waterfront home at 444 Bayshore Drive is on the market for $3,500,000 through Lueanne Wood of Gulf Shores Realty. While they love the location, their house itself has become more than they want to maintain at this point in their lives. They are going to downsize to a neighborhood not on water that is an easy walk to downtown shops and restaurants.

The house they are selling is one they bought four years ago when they moved from a neighborhood on the island that wasnt on water. As boaters, they wanted the waterfront lifestyle and this house had it in abundance beautiful vistas of Roberts Bay, a private dock and boat lift, and excellent boating water. At dead low tide there is still five and a half feet of water at the dock, said Jack Sullivan, and there are no bridges to the Gulf.

The Sullivans semi-retired to this part of Florida some 20 years ago. We made a thorough search of cities on both the west and east coasts and it was actually a Danish couple who suggested that we explore Venice. We did and that was it. We were charmed by Venice Island the size, the beauty, the convenience, the peacefulness and its so close to wonderful beaches. We bought a house on water and eventually we also bought a seasonal place in Colorado. But after a few years, we sold that home and decided to stay put in Venice year round. It was a good decision. We love it here and over the years our friends and children and grandchildren come to visit from Connecticut, Michigan, Oregon and New Jersey.

Their second house was in a neighborhood not on water and they loved the convenience of walking to downtown amenities. But four years ago they had a yen for the boating life again and their Realtor Lueanne Wood found them the Bayshore Drive house. It was built in 1997. Besides the water, dock and boat lift, the oversized lot and the three-car garage the Sullivans were happy with the outdoor entertaining space. We can open up the sliders and easily have 50 people here and it doesnt feel crowded. Our kids and grandkids love the salt-water pool and being outside or on the boat.

When the Sullivans bought the house, it was in sound shape and the changes they made to the inside were minor and cosmetic such as updating appliances and fixtures. But, they made significant improvements outside.

We put in a new sea wall, said Sullivan, and we converted the pool to salt-water. We redid all the landscaping and pavers and added amenities to the outdoor spaces where we have a grilling station and outdoor dining. The house itself was built right in the first place so all we had to do inside was re-decorate to our taste and update features in the kitchen, baths and laundry room. The floor plan is open and can easily accommodate lots of people. Its a convenient house that was well thought out. The home was custom built by J & J Homes in 1997.

The kitchen in the home is open to the family room and features a double-sided, raised-hearth gas fireplace with an impressive stone surround. There are two kitchen islands, one is a prep space and the other an eating counter that seats six to eight. Aquarium glass at a third kitchen eating bar provides clear views of Roberts Bay. A coffered ceiling is a special design feature. The kitchen has stainless appliances, two French-door refrigerators, double sinks, gas range, granite counters and marble flooring. It can host a big party as well as accommodate several cooks.

The owners bedroom is so spacious that there are three ceiling fans in the room as well as a separate raised reading nook that could also be a small home gym. French doors open to the pool deck and a covered patio. There are two custom walk-in closets. The floors are marble and the ceiling is coffered. The stately en-suite bath has separate vanity areas, a walk-in shower, wrap-around mirrors and a lavish separate soaking tub that is flanked by fluted classical columns. A crystal chandler is suspended over the tub which is theatrically positioned in front of a large arched window.

Mediterranean Revival touches such as arches, columns, marble floors and stone accents are throughout the inside and define the architecture outside. The front porch and the back pool area are rimmed with limestone balustrades common to homes in Italy and the roof is tile.

Venice, so named because of the canals characteristic of Venice, Italy, has always had a preference for Mediterranean Revival architecture and many new homes in the city tend to be modifications of that style. The area began seeing serious settlement in the 1870s when Richard Roberts established a homestead. Since the 1920s, there has been a concerted effort to feature Italian-style architecture to create a harmonious community of businesses and residences. Venice City covers about 16 square miles of which nearly nine percent is water.

As the Sullivans know, there are four main beaches in Venice and many people live within a short walk of one. The Municipal beach is probably the most popular, but there is also Nokomis Beach (of drum circle fame) and South Brohard Beach which stretches over 22 acres and has a dog park. Visitors to Venice who are on the hunt for shark teeth should head for Caspersen Beach, which is the longest beach in Sarasota County. This water-loving city also features a long municipal pier where you can fish 24 hours a day with no license requirement. Many people night fish for shark.

The Sullivans love their waterfront location but say they are at a time in life when they want a smaller house in a neighborhood close to downtown where they can walk to everything they need. We are actually moving back to the neighborhood where we had a home before, said Sullivan. Well be able to take our two-mile walk every day around the island and also be close to restaurants and shopping and to a beach. We have a little grandson who is four and spends two hours with us each morning before he goes off to pre-school and we think hell like the new house just fine.

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Luxury, waterfront home on Venice Island listed at $3.5M - Sarasota Herald-Tribune

IRS Says It Won’t Extend This Year’s Tax-Filing Deadline – The Motley Fool

When the coronavirus pandemic hit in full force in March, it upended normal life in a very meaningful way. Businesses were forced to shut down. Schools closed for in-person learning all over the country. And countless families were left scrambling to pay their bills.

Given that chaos, the IRS made what many agree was a smart and reasonable decision -- to postpone 2020's tax-filing deadline from April 15 to July 15. Not only were taxpayers given an extra three months to submit their returns, but they also got three more months to pay any tax debt they owed without incurring interest or penalties.

Image source: Getty Images.

Of course, one year later, we're only in a modestly better place as far as the pandemic goes. Sure, there are vaccines, but the majority of Americans have yet to receive one, and COVID-19 cases are still exploding all over the country. As such, you may be wondering if the IRS will extend this year's tax-filing deadline as a courtesy.

Unfortunately, filers won't get any extra time this year to tackle their tax returns. The IRS has confirmed this week that it will not, in fact, be pushing back the April 15 deadline this year. If you haven't begun to give your taxes some thought, now's the time to get moving.

Though life is hardly back to normal for most of us, last year, a big reason the IRS moved the tax-filing deadline back was because the pandemic caught everyone by surprise. At this point, it's been with us for roughly a year, so most people have ample opportunity to get their taxes done by the April 15 deadline -- especially given the number of tax professionals who have shifted to remote services.

That said, this certainly isn't the year to dawdle when it comes to filing your taxes. A lot of people are struggling financially, and if you think you're owed money from the IRS, the sooner you submit your return, the sooner you'll get it.

Generally, tax refunds for electronically filed returns are issued within three weeks of receipt. Refunds for paper returns can take a lot longer -- especially this year, given that as of late 2020, the IRS still had a major backlog of paper returns to go through. If you want your money sooner, filing electronically is the way to go.

You'll also need to file a tax return this year if you were entitled to a stimulus payment based on your income but never received one. And the sooner you do, the faster you'll get that money.

Of course, if you find that you need more time to get your taxes done this year, you can always request an extension from the IRS. An extension will buy you six more months to file your taxes, but it won't extend the deadline to pay -- that will hold steady at April 15. As such, if you get an extension and owe money but don't pay it until mid-October, you'll accrue six months of penalties and interest.

Though the IRS usually starts accepting tax returns in late January, this year, the start of the tax season was delayed until February 12. But at this point, you're free to go ahead and submit your return. The sooner you do, the better.

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IRS Says It Won't Extend This Year's Tax-Filing Deadline - The Motley Fool

NIH trial of AZ’s long-acting COVID-19 antibody launches in the US – PMLiVE

A US government-funded trial of AstraZenecas (AZ) long-acting antibody (LAAB) therapy AZD7442 has launched to evaluate the efficacy of the drug in patients hospitalised with COVID-19.

The ACTIV-3 study is sponsored by the US National Institute of Allergy and Infectious Diseases (NIAID), which is part of the US National Institutes of Health (NIH).

The study will evaluate the safety and efficacy of the investigational LAAB combination for the treatment of individuals hospitalised with COVID-19.

AZD7442 is based on antibodies isolated from two patients who had recovered from COVID-19 by researchers at the Vanderbilt University Medical Center in the US.

The LAAB combination was designed using AZs half-life extension technology, with the aim of helping the therapy to work for a longer period of time.

The first patients in the ACTIV-3 sub-study of AZD7442 will be patients hospitalised with mild-to-moderate COVID-19 who have had symptoms for less than 13 days.

Approximately 150 participants will be assessed after five days of receiving the drug, at which point enrolment into the AZD7442 study could be expanded, depending on the success of the drug in the early stage.

An additional 700 participants, that could include patients with more severe cases of COVID-19, will then be enrolled and randomised in the trial

AZ has received around $486m in support from the US government for the development and supply of AZD7443, as part of an agreement with the Biomedical Advanced Research and Development Authority (BARDA).

Under the terms of a separate agreement, the US government can acquire up to one million doses of AZD7442 in 2021.

This agreement with the US government will help accelerate the development of our long-acting antibody combination which has the potential to provide immediate and long-lasting effect in both preventing and treating COVID-19 infections, said Pascal Soriot, chief executive officer of AZ.

We will be evaluating the LAAB combination in different settings from prophylaxis, to outpatient treatment to hospitalisation, with a focus on helping the most vulnerable people, he added.

AZD7442 is also being studied to prevent COVID-19 infection for up to 12 months in approximately 5,000 participants.

A second trial will evaluate post-exposure prophylaxis and pre-emptive treatment in around 1,100 participants.

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NIH trial of AZ's long-acting COVID-19 antibody launches in the US - PMLiVE

Clinical trial in hospitalized COVID-19 patients evaluates long-acting antibody therapy – National Institutes of Health

News Release

Monday, February 8, 2021

NIH trial has begun enrolling participants.

An international randomized, controlled Phase 3 clinical trial has begun evaluating the safety and efficacy of an investigational long-acting antibody combination for treating people hospitalized with COVID-19. The trial, part of a master protocol known as ACTIV-3, has an adaptive design allowing investigators to add new sub-studies of additional investigational agents. ACTIV-3is sponsored by the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health.

The new sub-study is evaluating AZD7442, an investigational long-acting antibody combination developed by biopharmaceutical company AstraZeneca (Cambridge, United Kingdom). Antibodies are infection-fighting proteins naturally made by the immune system. Antibodies can prevent viruses from infecting cells, usually by binding to the surface of the virus. In 2020, researchers at Vanderbilt University Medical Center, Nashville, Tennessee, isolated antibodies from two patients who had recovered from COVID-19. These antibodies, which were licensed to AstraZeneca, formed the basis for the synthetic antibodies included in AZD7442. AZD7442 is engineered with AstraZenecas proprietary half-life extension technology which helps the therapeutic work for a longer period of time. This investigational long-acting antibody combination might function both as a treatment and as a means of preventing infection with SARS-CoV-2, the virus that causes COVID-19. However, the ACTIV-3 trial will only be testing its efficacy as a therapeutic.

ACTIV-3 is part of the NIH Accelerating COVID-19 Therapeutic Interventions and Vaccines (ACTIV) public-private partnership to develop a coordinated research strategy for prioritizing and accelerating development of the most promising treatments and vaccines. The ACTIV-3 master trial is designed to conduct multiple different trials of experimental therapeutics simultaneously. The placebo group serves as a shared comparison group for two or more experimental therapeutics, increasing the chance that participants will receive a therapeutic in this randomized trial. The new sub-study of AZD7442 will be running concurrently with two other sub-studies. One sub-study is evaluating VIR-7831, a SARS-CoV-2 experimental monoclonal antibody developed through a partnership between GlaxoSmithKline (Brentford, United Kingdom) and Vir Biotechnology, Inc. (San Francisco). The other ongoing sub-study is evaluating the combination of BRII-196 and BRII-198, two investigational SARS-CoV-2 neutralizing monoclonal antibodies manufactured by Brii Biosciences (Durham, North Carolina, and Beijing).

Initial participants in the new ACTIV-3 sub-study will be hospitalized patients with mild-to-moderate COVID-19 and fewer than 13 days of symptoms. They will be randomized to receive either a saline placebo control or one of the three experimental therapeutics. After five days, the participants medical condition will be assessed on two seven-point ordinal scales, each ranging from being able to undertake usual activities with minimal or no symptoms to death.

If the ordinal outcomes assessed at five days, after approximately 150 volunteers have received AZD7442, indicate that AZD7442 is likely to be both safe and effective, enrollment in the trial will be expanded. At that time, an additional 700 participants, some of whom may have more severe cases of COVID-19, will be enrolled and randomized in the trial. This expanded pool of participants will allow researchers to better evaluate whether the therapeutic fulfills the trials primary endpoint of sustained recovery. Participants will have met this endpoint when they have been discharged from the hospital and have lived at home for 14 consecutive days.

The principal investigator of ACTIV-3 is Jens Lundgren, M.D., of the University of Copenhagen and Rigshospitalet. Leaders of the participating networks include James Neaton, Ph.D., of the NIAID-sponsored INSIGHT network; Taylor Thompson, M.D., of the PETAL network, Annetine Gelijns, Ph.D., and Alan Moskowitz, M.D., of the CTSN, both NHLBI-sponsored networks; and Victoria Davey, Ph.D., M.P.H., of the U.S. Department of Veterans Affairs.

People interested in learning more about the trial can visit ClinicalTrials.gov and search identifier NCT04501978.

NIAID conducts and supports research at NIH, throughout the United States, and worldwide to study the causes of infectious and immune-mediated diseases, and to develop better means of preventing, diagnosing and treating these illnesses. News releases, fact sheets and other NIAID-related materials are available on the NIAID website.

About the National Institutes of Health (NIH):NIH, the nation's medical research agency, includes 27 Institutes and Centers and is a component of the U.S. Department of Health and Human Services. NIH is the primary federal agency conducting and supporting basic, clinical, and translational medical research, and is investigating the causes, treatments, and cures for both common and rare diseases. For more information about NIH and its programs, visit http://www.nih.gov.

NIHTurning Discovery Into Health

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Clinical trial in hospitalized COVID-19 patients evaluates long-acting antibody therapy - National Institutes of Health

Food packaging: Balancing functionality and sustainability – Packaging Europe

Food loss and food waste remain a big challenge. How are packaging companies working to help address this problem while striking a balance between the sustainability of the packaging materials used and their function to keep food fresh? Elisabeth Skoda speaks to Thomas Kahl, EcoSolutions Project Manager at Mondi, to get the companys take on the issue.

ES: What is Mondi doing to make consumers more aware of the potential packaging has for food waste reduction?

TK: Consumers are increasingly aware of the need for more sustainable choices, which includes wasting less food. We collaborate with our customers and work to ensure we ask the right questions to find the best possible packaging solutions for their business, their product and the planet. Together with brands and retailers we have a responsibility to design packaging that balances functionality and sustainability. Shelf life, product protection, portion control and food waste reduction are key for product development. This is particularly true for the fresh fruit and vegetable category, but also meat, cheese and other refrigerated products. If the right packaging is used, it can help prevent food spoilage; protect food from physical damage while being transported as well as helping consumers buy the right amount, providing convenience and portion control.

ES: How would you describe the advantages/limitations of cardboard/paper and flexible packaging for food respectively?

TK: We are seeing increasing interest from our customers in replacing plastic food packaging with paper-based solutions. In many cases, we work with customers to enhance the capabilities of paper-based packaging by adding functional barrier properties to give the required technical functionalities that help to extend shelf life and avoid waste for high value products such as sliced meats or cheese. For example, our PerFORMing removable consists of a paper tray and fully removable plastic which can easily be separated from the tray. The paper can be fully recycled in existing waste streams across Europe. A key advantage of using paper-based solutions is the combination of renewable material and recycability and that consumers are clear on how to dispose of it correctly. Paper is the most recycled material in the world today and the recycling rate for paper is 72% in Europe, meaning paper-based solutions are far more likely to be recycled and turned into another product at the end-of-life point, becoming part of the circular economy.There are, however, certain applications where plastic solutions provide essential functionality, such as barrier properties and shelf-life extension for example in the baby and dehydrated food and pet food category. The relative benefits of paper, including being renewable and recyclable, should always be factored in. And, with increased R&D being carried out both on paper and plastic, we hope it will be possible to achieve a similar degree of packaging efficiency with paper solutions and ensure plastic is recyclable.

ES: What are the different challenges across the value chain (for example transport, keeping fresh in the consumers fridge after the pack has been opened etc.)

TK: In Europe, roughly half of food loss occurs before food gets to the point of consumption: 23% happens in production; 12% occurs in handling, storage and transport after harvesting; nine per cent is lost in the distribution across European markets and five per cent occurs with processing. The remainder of waste is from consumers, caterers and restaurants. There are unique challenges at every point of the value chain, but one focus area for us is how food items are transported to consumers as this is a critical loss point for fresh fruit and vegetables. For example, bruising and other damage is largely down to inadequate bulk packaging. In Europe consumer food waste is highest across food groups which need to be refrigerated or handled with care but also by excess buying, confusion over labels (best before vs. use by) and poor in-home storage. As we see a rise in e-grocery across Europe, this is going to become a greater issue.

ES: What is the process for determining what material is best for what food application?

TK: The foremost function of packaging is to protect what is inside, during production, storage and transportation. If this is not the case, the resources used in producing both the food and the packaging itself will be wasted. By partnering with customers using our EcoSolutions approach, we are able to create sustainable packaging that is fit-for-purpose. At the heart of this is asking the right questions across the value-chain from retailers to recyclers to balance the needs of business, product and planet - using paper where possible, plastic when useful. We work with our partners, suppliers and customers to: replace less sustainable products with new solutions; reduce the amount of raw material used; and develop packaging solutions designed to be recycled. At a practical level, the first step is to identify the challenge, then undertake analysis and only then do we create a number of packaging solutions to test and review. At the end of this process we are left with a product which is truly fit-for-purpose.

ES: Could you give us some examples of applications that were successful in reducing food waste?

TK: Coral Tray is a new packaging tray made of 100% recyclable corrugated board for transporting fresh produce like tomatoes. It balances the ability to see the fresh product, which is key for consumers, with stability for stacking and protection for the product. The robust corrugated board ensures the product is extremely well protected against damage both in the shopping basket or on the way home with the consumer. The open structure of the box allows air to circulate reducing the risk of condensation and mould forming. Earlier this year we also worked with Austrian meat producer Huetthaler to create a new fully recyclable plastic packaging for their meat and sausage products. The solution we developed minimises food waste by providing packaging that is air tight, with fat, oxygen, aroma and moisture barriers as well as reducing total raw materials used, all without compromising the attractive presentation of the food inside.

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Food packaging: Balancing functionality and sustainability - Packaging Europe

ASCO GU: With 2-year data, the jury’s still out on the kidney cancer race between Opdivo-Cabometyx and Keytruda-Inlyta – FiercePharma

When Bristol Myers Squibb and Exelixis first unveiled kidney cancer data for the combination of Opdivo and Cabometyx last fall, industry watchers couldnt determine a clear winner between that duo and Merck & Co. and Pfizers Keytruda-Inlyta cocktail. Now, with longer-term data, the jurys still out.

In previously untreated kidney cancer, the Opdivo-Cabometyx combo slashed the risk of death by 34% compared with Pfizers older drug Sutent. The data, from a 23.5-month follow-up of the phase 3 CheckMate-9ER trial, was released for the virtual American Society of Clinical Oncology 2021 Genitourinary Cancers Symposium.

Sutent patients lived amedian 29.5 months after therapy, while the median overall survival for the Opdivo-Cabometyx combowas not reached, Jonathan Cheng, M.D., BMS head of oncology development, said in an interview.

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The life-extension data again looked very similar to what Keytruda and Inlyta previously posted in the Keynote-426 trial. In that phase 3, after a minimum of 23 months of follow-up, the risk reduction was 32%, which may seem slightly below that of the Opdivo regimen.

Notice the difference between the median and the minimum between the two data cutoffs, though. In fact, according to results published in The Lancet Oncology, the Keytruda-Inlyta combos 32% death risk reduction still held true after a median follow-up of 30.6 months.

RELATED:How will BMS' new Opdivo-Cabometyx kidney cancer combo fare against Keytruda? It may come down to marketing: analyst

Overall survival benefits appear to shrink for immuno-oncology regimens in front-line kidney cancer as follow-up continues. Previously, at the 18-month follow-up mark, the risk reduction amounted to 40% for the Opdivo-Cabometyx therapy; the rate was 41% for Keytruda-Inlyta after 17 months.

On some of the other efficacy markerssuch as risk reduction on tumor progression, the rate of tumor response and duration of responsethe two regimens both have wins against each other.

While its still hard to make a solid judgment between the two regimens, Cheng pointed to Cabometyxs long experience in kidney cancer since its first FDA approval in 2016.

Cabo is specifically well-known to the kidney cancer oncologic community ... because it has single-agent approval, and the safety profile is well-understood, including the discontinuation rate, he said.

But as one analyst sees it, thefirst-line kidney cancer I-O/TKI winner may be a different regimenentirely. That title may belong to Merck and Eisais Keytruda-Lenvima pairing, SVB Leerink analyst Daina Graybosch said in a Tuesday note to clients.

RELATED:Merck, Eisai further complicate kidney cancer race with Keytruda-Lenvima win

At ASCO GU, Merck and Eisai will show that Keytruda and Lenvima cut the risk of deathalso by 34%after 24 months of follow-up in theKeynote-581 trial. But Graybosch pointed to several bright spots in the datasetin favor of the new contender.

Specifically, the Keytruda-Lenvima duo cut the risk of disease progression or death by a whopping 61% over Sutent, higher than the 48% and 29% for Opdivo-Cabo and Keytruda-Inlyta, respectively. The trial also found a better tumor response rate, longer duration of response, and more complete responses in Keytruda-Lenvima patients.

Industry opinion leaders believe complete response rate predicts long-tail survival, Graybosch said. Cross-trial comparisons should be made with caution, given differences in study design and baseline patient profile.

Graybosch said she will keep a close eye on some important details on treatment discontinuation rate, where, as Cheng hinted, Opdivo-Cabo looks to have the best profile.

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ASCO GU: With 2-year data, the jury's still out on the kidney cancer race between Opdivo-Cabometyx and Keytruda-Inlyta - FiercePharma

TIPA and PerfoTec team up to tackle waste – Fruitnet

Compostable packaging producer TIPA and shelf-life extension specialist PerfoTec have partnered to offer fully compostable packaging that extends the shelf life of fresh produce.

The resulting laser microperforated compostable film provides retailers and suppliers with the ideal packaging qualities to reduce food waste, combat plastic pollution and cut carbon emissions, the two companies said.

They added that their combined technologies have been found to extend the shelf life of fruit, vegetables and flowers by up to two times.

TIPAs compostable packaging performs like a conventional plastic but decomposes in compost back into the soil with no toxic residue, microplastics or other pollutants. Its packaging solutions fit with industry machinery and manufacturing practices.

PerfoTecs High Precision Laser Technology facilitates longer shelf life by adapting the permeability of food packaging.

The technologies provide an end-of-life solution for produce packaging while supplying retailers and end consumers with extended produce shelf life, the companies added.

The partnership comes in response to high consumer demand to reduce food waste and combat plastic pollution, with some 85 per cent of UK consumers believing compostable packaging should be used to wrap food as an alternative to plastic.

PerfoTec chief executive Bas Groeneweg said: After months of trials with this film, we realised that TIPAs compostable film combined with PerfoTecs patented laser perforation provided the best shelf life for fruits, vegetables and flowers by far. It provides longer shelf life and freshness which means fewer quality losses, less food waste and cost savings for producers and retailers.

Partnering with TIPA to create compostable packaging that can outperform conventional plastic is a hugely exciting step forward for sustainable packaging. Were delighted to be playing our part in the stride against quality losses, food waste and plastic pollution.

Ayellet Zinger, VP of sales for TIPA, said: In combining our technologies, TIPA and PerfoTec form a synergistic partnership that optimises flexible packaging for produce.

We have created an exceptional product that extends the shelf life of fruit, vegetables and flowers with a protective and fully compostable film that decomposes just like the product its packaging. TIPA and PerfoTec bring huge added value for flexible produce packaging, reducing food and packaging waste, and providing solutions for the future of sustainable packaging."

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TIPA and PerfoTec team up to tackle waste - Fruitnet

Bitcoin Cash (BCH) Soars After Kim Dotcom Support – Finance Magnates

Dominating the crypto news over the weekend has been the leap in the value of Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is up 22.83% at the time of press, valuing the cryptocurrency at $704.47 the highest it has been since mid-2018. Driving the price higher has been a glowing recommendation fromKim Dotcom, the founder of the now-defunct file-sharing site Megaupload.

The German-born New Zealand resident tweeted his support for Bitcoin Cash on February 11th.

When questioned on Twitter why he supported Bitcoin Cash and not Bitcoin,Kim Dotcom, real name Kim Schmitz, replied:

Because I believe BCH has bigger potential to become the digital money leader, is currently undervalued and has a team that is open to good ideas and advise. Dont get me wrong, I love Bitcoin too, and ETH and many others

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A day later, Kim Dotcom followed up with tweetsabout a new website he created that extols the benefits and upsides of bitcoin cash.

In Kim Dotcoms website, whybitcoincash.com, it is explained thatBCH has remained consistent with Satoshi Nakamotos white paper: purely peer-to-peer version of electronic cash. The website goes on to break down the advantages of BCH whichwas launched in 2017 through a Bitcoin hard fork and build a coin with better scalability than Bitcoin.

The website goes on to compare and contrast Bitcoin (BTC) and Bitcoin (BCH), a topic covered recently in a Finance Magnates op-ed by crypto expertSydney Ifergan Bitcoin and Bitcoin Cash: A Study Between the Two Major Crypto Coins.

Since the start of the year, Bitcoin Cash transactions have intensified. Following Kim Dotcoms recommendation and support, data from fork.lol shows that BCH transactions overtook BTC transactions. Having risen 27% on the week, BCH is seeing a spike over the weekend trading which is taking the cryptocurrencys price from $529.47 to its near 30-month high on Sunday.

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Bitcoin Cash (BCH) Soars After Kim Dotcom Support - Finance Magnates

Kim Dotcom Publishes a Website That Highlights the Benefits of Bitcoin Cash Bitcoin News – Bitcoin News

On February 12, the founder of the now-defunct file-sharing website Megaupload and cryptocurrency proponent, Kim Dotcom tweeted about a new website he created that shows the upside of bitcoin cash. The web portal whybitcoincash.com highlights why people should join the digital money revolution and how cryptocurrencies stand to transform the way business and individuals exchange value.

In mid-January, news.Bitcoin.com chatted with Kim Dotcom and he discussed how he planned to accelerate the mission of peer-to-peer electronic cash. Dotcom has been very vocal about his support for bitcoin cash (BCH) and before our interview, the internet entrepreneur said his next-generation content monetization app K.im will see bitcoin cash (BCH) integration. Dotcom has continued to pursue accelerating bitcoin cash adoption and on Friday, Dotcom told his 700,000 Twitter followers about his new website.

Many people are asking me why Im supporting Bitcoin Cash and why I think it has the biggest upside potential, Dotcom tweeted. Good question. I made this little website for you.

The website is called whybitcoincash.com and it explains the many benefits bitcoin cash (BCH) has to offer in contrast to bitcoin (BTC). The website explains that BCH is just like BTC, but with a number of adjustments making it the digital equivalent of cash.

The website details how BTC can be considered the digital equivalent of gold. BCH, on the other hand, has stayed consistent with Satoshi Nakamotos white paper, which is a purely peer-to-peer version of electronic cash.

The whybitcoincash.com site also explains the differences between each network, as BCH has 100 transactions per second (tps), while BTCs tps is 3-7. The website also highlights that BTC is impractical for micro-transactions with fees fluctuating between $5 to even $50 per transfer. Moreover, people often assume the gold market is massive, and its true a market valuation of $10 trillion is still much larger. If bitcoin managed to acquire a market capitalization of that size, it still wouldnt be as large as the worldwide cash market at $100 trillion.

Whybitcoincash.com emphasizes that the global transaction market is roughly around 3 trillion transactions per year. 75% are cash transactions, 13% are done with credit cards and another 12% are done with some other form of payment.

If the Bitcoin Cash network was able to capture just 1% of the global transactions, BCH would take on 82 million transactions per day. Bitcoin cash wants to be a lean mean transaction machine, and during the stress tests in September 2018, the blockchain processed 2.2 million transactions in 24 hours on the first day of the month. While the week-long stress test took place, the median BCH transfer fees were only about $0.001 per transaction.

Bitcoin Cash wants to be carbon neutral, and put in everyones hands the power to create a positive impact, Dotcoms whybitcoincash.com site says. To top it all off, the website highlights that BCH has more than 100,000 merchants that accept the crypto asset, it is borderless, uncensorable, and peer-to-peer electronic cash that allows individuals to send directly from one party to another without going through a financial institution.

After Kim Dotcom shared the new website, bitcoin cash markets jumped over 9% during the 24-hour time period. At 9:02 p.m. (EST) on Friday evening, BCH touched a daily high of around $585 per unit and was up 27% for the week. At press time on Saturday, BCH is just above the $560 per unit price range.

BCH jumped 4.51% against BTC and 15.12% during the last seven days against ethereum (ETH). Monthly stats show BCH has gained 10% but during the last 90-days, bitcoin cash has also increased by 136% against the U.S. dollar. Bitcoin cash has an overall market capitalization of around $11.22 billion, as it ventures into the weekend trading sessions.

Holders Composition by Time Held stats for bitcoin (BTC), according to Into the Block insights, shows that BTC has 60% for a 12 month period, while bitcoin cash (BCH) has 91%.

Meanwhile, BTCs seven-day stats for transactions greater than $100k shows $176 billion has been settled. Bitcoin cash has 24.43% of that settlement as $43 billion has been processed during the last week as far as transactions greater than $100,000.

Recently, news.Bitcoin.com reported on how BCH transactions were steadily rising and catching up to BTCs transactions per day (tpd). This trend has continued and on Friday evening fork.lol data had shown BCH did more transactions during the 24-hour time period. Friday evenings stats (EST) show that BCH processed 365,975 transactions and BTC processed 354,065.

In addition to the descriptive website and Dotcoms tweet on Friday showing the new domain to his followers, some individuals mentioned that BCH also has privacy and the ability to issue tokens.

BCH supporters regularly leverage a protocol called Cashfusion and it has been noted to offer superior mixing techniques in comparison to traditional Coinjoin methods. For instance, on January 29, 2020, data analyst and BTC proponent, James Waugh, said that Cashfusion was far more practical than other Coinjoin protocols.

The Bitcoin Cash network also has Schnorr Signature capabilities as well. As far as tokens, the Simple Ledger Protocol (SLP) has seen extensive development during the last few years. A myriad of SLP tokens built on top of the BCH network already have real-world value and there are a couple of SLP-built stablecoins, including more than six million tether (USDT). Check out the video below with Bitcoinbch.coms CEO, Hayden Otto discussing Kim Dotcoms new website.

What do you think about the whybitcoincash.com website? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Coin Dance, Fork.lol, Tradingview, Whybitcoincash.com, Kim Dotcom,

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.

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The Crypto Daily Movers and Shakers February 14th, 2021 – FX Empire

A bullish start to the day saw Bitcoin rise to an early morning intraday high $48,209.0 before hitting reverse.

Falling short of the first major resistance level at $48,944, Bitcoin fell to a late morning intraday low $46,255.0.

Steering clear of the first major support level at $45,851, Bitcoin revisited $47,300 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the Fridays new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend.

Across the rest of the majors, it was a mixed day on Saturday.

Bitcoin Cash SV and Litecoin jumped by 12.77% and by 14.92% respectively to lead the way, with Chainlink rallying by 11.50%.

Crypto.com Coin (+5.26%) and Ripples XRP (+3.91%) also found support on the day.

It was a bearish day for the rest, however.

Binance Coin (-2.59%), Cardanos ADA (-1.27%), Ethereum (-1.45%), and Polkadot (-2.04%) joined Bitcoin in the red.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,453.99bn.

Bitcoins dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.76%. At the time of writing, Bitcoins dominance stood at 60.42%.

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The Crypto Daily Movers and Shakers February 14th, 2021 - FX Empire

Bitcoin Has Reached Its Latest High Above $48,000What’s Next? – Forbes

Bitcoin set another all-time high above $48,000 today. (Photo illustration by Chesnot/Getty Images)

Bitcoin has been flying high today, surpassing $48,000 this morning and soaring to its latest record price.

The digital currency reached as much as $48,316.82 at roughly 11 a.m. EST, according to CoinDesk data.

At this point, the cryptocurrency was up approximately 67% in 2021, additional CoinDesk figures reveal.

The digital asset proceeded to pull back slightly after hitting this high, trading at $47,637.27 at the time of this writing.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Key Technical Levels

Bitcoin has had a very impressive year thus far in terms of price gains, and after it attained this latest record level, several market observers provided some technical analysis on the digital asset.

The next major resistance level is the psychological barrier at $50,000, said Joel Kruger, cryptocurrency strategist at digital asset exchange LMAX Digital.

Other analysts agreed with him, with Jon Pearlstone, publisher of the newsletter CryptoPatterns, stating that The next area of resistance will be the obvious $50,000 level.

Mark Warner, head of trading at BCB Group, also singled out $50,000 as a key psychological level, stating that it would likely offer some resistance due to profit taking.

As for where bitcoin might go after breaking through $50,000, technical analysts offered varied responses.

The next measured move upside target is $55,000, said Kruger, who emphasized that the market likes to move in measured steps.

Nicholas Pelecanos, head of trading at NEM, also weighed in, stating:

We still have the psychological level of $50k to clear but after that, $55k and 75k are my next targets, which at the pace institutions are switching their balances to BTC could be in sight by the 18th of March.

The market observers who contributed input for this article also shed some light on bitcoins key support levels.

Warner indicated that the digital currency currently has Support at $45k and if that fails to hold, $38k-$40k is the next major support level.

TimEnneking, managing director of Digital Capital Management, also weighed in, stating that $40k is major support and, after todays move, that may have moved up to $44k.

Pearlstone offered his point of viewing, specifying that:

Support levels are prior high of around $42,500 and a more important level at $37,500 which if broken with any strength would likely lead to a retest of the $30,000 level.

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

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Bitcoin Has Reached Its Latest High Above $48,000What's Next? - Forbes

What is the problem with cryptocurrency (bitcoin)? – Investors’ Corner – Investors’ Corner BNP Paribas

Bitcoin is not money

Theoretically and legally, cryptocurrencies such as bitcoinare not money despite what some people may think. Money serves three functions:it is a medium of exchange, a unit of account and a store of value.

Not many goods and services are priced in and settled by bitcoin (or other cryptocurrencies). Bitcoin is not universally accepted as a unit of account and a means of payment. Granted, many cryptocurrency payment apps have been created in recent years to promote its use. But none of them has made it to the core of the worlds daily transactions and payments [1], except for some underworld transactions.

Crucially, cryptos are priced in USD (or other fiatcurrencies). So they are no different from any item priced in USD standing onthe opposite side of money in a transaction. Veteran bitcoin investor MarkCuban summarised it succinctly when he said:

For cryptocurrency to be money, it (bitcoin) would have to be so easy to use its a no-brainer. It would have to be completely friction-free and understandable by everybody first. So easy, in fact, that grandma could do it.[2]

To legally qualify as money, a means of payment must begranted a status by a countrys laws as its official monetary unit. This legaltender status allows debtors to pay their obligations/liabilities bytransferring them to creditors as recognised and approved by law.

Recent research found that 80% of the worlds central banks were either not allowed to issue digital currency under the existing laws, or their legal frameworks are ambiguous and do not clearly permit them to do so [3]. China, however, passed a law in 2020 allowing its central bank to issue a digital currency [4], hence the birth of the worlds first official digital currency, the Digital Currency Electronic Payment (DCEP) [5]. Despite being digital, DCEP is strictly speaking not a cryptocurrency.

Legal tender status is usually given to means of paymentthat can be easily transferred and used by the population in daily life. To usebitcoin, or cryptocurrencies, a digital infrastructure including computers,smartphones, internet networks and connectivity must be in place. Thiscondition makes it unrealistic for cryptocurrencies to become money. It echoesMark Cubans argument against bitcoin as money.

Bitcoin supporters say it is an investible asset.Investible, yes (in the speculative sense, in my view). Asset, I am not sure.

There is an income stream associated with a financialasset. Granted, there are assets with a zero yield such as commodities, butthey are traded because they have a practical use (for production orconsumption). Cryptocurrencies have neither an income stream nor a practicaluse.

The fact that they command a price and are tradablesuggests that speculation would be their single most important raison dtre.Hence crypto prices are subject to violent and random movement. This brings upthe other problem, store of value.

For something to serve as a store of value, it has to beliquid, universally accepted, and have a stable value. Cryptocurrenciesincluding bitcoin certainly do not have any of these characteristics.

Bitcoin trading suffers from illiquidity and manipulationbecause of the existence of whale wallets (wallets holding disproportionatelylarge amounts of bitcoins).

In late 2020, the top 100 wallets were estimated to own13% of total bitcoin supply (6) with most of the owners identities not known.It would therefore only take a few whale wallets to manipulate the bitcoinmarket, causing violent price moves. Huge price volatility has made bitcoin andcryptocurrencies unsuitable as store of value vehicles.

Contrary to the conventional wisdom that the finite supplyof bitcoins and cryptos is a benefit and protects value, it is in fact a bigproblem for them being considered as money.

The maximum number of bitcoins that can ever be mined is21 million. At the time of writing, there are already 18.6 million bitcoins incirculation. The last bitcoin would be mined in 2040. All cryptocurrencies havea finite supply and the speed at which they can be increased is uncertain andnot controllable by anyone.

These supply limitations make cryptocurrencies unsuitableas legal tender because the static 'money supply' would deprive central banksof the ability to conduct countercyclical policy.

However, crypto promoters have capitalised on widespreadfear and distrust of fiat money arising from post-Global-Financial-Crisis (GFC)monetisation. They have skillfully twisted this supply problem into an argumentfor cryptocurrencies as a hedge against doomsday scenarios. I believe this iswrong.

China, which used to be the largest crypto mining country,has seen through the smoke and mirrors and has cracked down on trading andmining without reservation. This shows how quickly regulators could destroy thefreewheeling, decentralised crypto market. China instead has created anofficial DCEP with centralised control.

What crypto aficionados do not appear to understand isthat countries will take steps to protect their monetary systems and currenciesand their ability to tax and manage the economy. The more people believecryptocurrencies are money, the greater the risk of government intervention inthis market. The emerging trend of official digital currencies is a sign ofcentral banks fighting back.

The popular narrative that bitcoins finite supplyguarantees its value can play into concerns over central bank quantitativeeasing and what these QE programmes might mean for fiat money. Thus, the riseof cryptocurrencies can be seen as reflecting the anti-establishment movementsin many countries since the 2008 GFC.

Viewed positively, this 'crypto protest' could prompt governmentsto change their economic management to become more responsible and regain trustand credibility. Time will tell.

I believe crypto prices will eventually crash. This couldbe triggered by a shift in monetary policy or regulations. Alternatively, acrash could simply occur because prices are so inflated that much like theDutch tulip mania, marginal buyers are priced out of the market, leading to aself-feeding process of liquidation and falling prices when leveraged investorsstart to sell.

Also read:

Crypto-renminbito challenge US dollar

[1] Many gold ATM machines and settlement mechanisms wereinstalled around the world in the early 2010s as players were trying to promotethe use of gold as an alternative to fiat money and a medium of exchange fordaily transactions. However, they failed because of low public acceptance andthe inconvenience of using gold for transactions. Crypto apps could suffer asimilar fate, in my view.

[2] See Mark Cuban:This is What it Would Take for Me to Change My Mind About Bitcoin, NECNMoney Report, January 12, 2021https://www.necn.com/news/business/money-report/mark-cuban-this-is-what-it-would-take-for-me-to-change-my-mind-about-bitcoin/2387139/

[3] Legal Aspectsof Central Bank Digital Currency: Central Bank and Monetary Law Considerations,IMF Working Paper WP/20/254, November 2020.

[4] See China toLegalize Digital RMB and Prohibit Competitors, Lexology, November 12, 2020,and

Chinas New DraftLaw Seeks to Legalize Digital Yuan But Ban Competitors, Coingeek, 29October 2020, and

China passescryptography law as gears up for digital currency, Reuters, October 27,2019

[5] See Chi onChina: The Crypto-Renminbis Disruption to the Market, Economic Growth andPolicy, 5 August 2020.

[6] See Bitcoin Cash Rich List by BITAMP, and also Bitcoin Whale, Investopedia

Any views expressed here are those of the author as of the date ofpublication, are based on available information, and are subject to changewithout notice. Individual portfolio management teams may hold different viewsand may take different investment decisions for different clients. Thisdocument does not constitute investment advice.

The value of investments and the income they generate may go down aswell as up and it is possible that investors will not recover their initialoutlay. Past performance is no guarantee for future returns.

Investing in emerging markets, or specialised or restricted sectors islikely to be subject to a higher-than-average volatility due to a high degreeof concentration, greater uncertainty because less information is available,there is less liquidity or due to greater sensitivity to changes in marketconditions (social, political and economic conditions).

Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.

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What is the problem with cryptocurrency (bitcoin)? - Investors' Corner - Investors' Corner BNP Paribas