A rare pear-shaped diamond that is expected to fetch up to $15 million can be bought at a Sotheby's auction next month using cryptocurrencies, in another first for the emerging asset.
Sotheby's announced on Monday that a rare pear-shaped diamond that is expected to fetch up to $15 million can be bought at auction next month using cryptocurrencies.
Sotheby's said it would be the first time a diamond of such size has been offered for public purchase with cryptocurrency, adding that no other physical object of such high value has been available for sale with the digital asset.
The 101.38-carat diamond, dubbed The Key 10138, is one of just ten diamonds of more than 100 carats ever to come to auction, only two of which were pear-shaped.
Sotheby's said the name of the flawless diamond is intended to reflect the integral role that keys occupy in the world of cryptocurrencies.
It carries a pre-sale estimate of $10 million - $15 million and will be sold on July 9 in Hong Kong.
Bitcoin or ether - as well as traditional money - will be accepted as payment.
SOTHEBY'S NEW YORK HEAD OF JEWELRY DEPARTMENT QUIG BRUNING: "It's our opinion that with cryptocurrency you are able to have new clients who maybe had not previously been looking at auctions for objects, works of art, diamonds, coming to us and being potential purchasers for this stone." Cryptocurrencies have had a volatile year, with explosive growth and major tumbles.
Regulators and policymakers all over the world have warned about the emerging asset's volatility, and that Bitcoin facilitates money laundering and other illicit uses.
But, regardless, crypto has seen broader adoption.
El Salvador this month became the first country to adopt Bitcoin as legal tender.
Sotheby's in May sold a Banksy for $12.9 million in cryptocurrency, the first instance of a work of physical art sold by a major auction house that was bought with the decentralized currency.
Enforcement Directorate attaches assets worth Rs 98 crore of Shilpa Shetty and Raj Kundra in a crypto assets ponzi scheme case. The couple faces a money.. IndiaTimes
Euronews caught up with Yves Holenstein from Bitcoin Suisse AG to learn how the largest cryptocurrency is about to be part of our day-to-day lives in the next few years.
Credit: euronews (in English) Duration: 06:22Published
Bitcoin Rallies, on Hopes of Renewed Interest , Among Mainstream Investors.
On March 4, the price of Bitcoin broke $65,000,
bringing it closer to returning to an all-time
high reached in November 2021.
NBC reports that the latest rally has been driven
by hopes that the launch of bitcoin exchange-
traded funds will expand bitcoin's pool of buyers. .
In 2024, the cryptocurrency has
gained over 48%, rapidly approaching its
record intra-day all-time high of over $68,000.
In January, Bitcoin ETFs were first approved by
the Securities and Exchange Commission (SEC). .
The SEC said the approval of the ETFs were meant
to make it easier for investors to gain exposure to
Bitcoin without having to actually own the digital coins.
NBC reports that the world of crypto is also banking
on a potential rally following a technical event
known as "halving" scheduled to occur in April.
This event will see the rate of supply for new bitcoin
to decline, which could cause the value of the
cryptocurrency to increase if demand remains unchanged.
Some mainstream investment experts have
still urged caution when it comes to investing
in the controversial cryptocurrency.
With equities, you own a share
of a company that produces goods
or services, and many also pay
dividends. With bonds, you get
a stream of interest payments, Vanguard statement, via NBC.
Commodities are real assets that meet
consumption needs, have inflation-
hedging properties, and can play
a role in certain portfolios, Vanguard statement, via NBC.
While crypto has been classified
as a commodity, it’s an immature
asset class that has little history,
no inherent economic value,
no cash flow, and can create
havoc within a portfolio, Vanguard statement, via NBC
Credit: Wibbitz Top Stories Duration: 01:32Published
Bitcoin , Tops $63,000.
On Feb. 29, bitcoin advanced more than
5% to $63,252.82, CNBC reports.
The day before, the cryptocurrency reached $64,000 and then dropped back to $60,000.
For the month of February,
bitcoin is currently up 47%.
The figure represents a
sixth consecutive month of gains.
The last time that the currency had a similar showing was in December 2020, at which time it rose 49.5%.
On Feb. 28, bitcoin ETFs had "a record
$677 million in daily net inflows," CNBC reports. .
We’ve seen over $2 billion coming into
the various bitcoin ETFs so there’s been this
need to access more supply of bitcoin to build
these ETFs and that ends up driving prices
up particularly in the near term. , Sylvia Jablonski, CEO and chief investment officer
at Defiance ETFs, via CNBC.
The second reason why you might
be getting some extra momentum
in the price over the last couple
of days is the upcoming halving, Sylvia Jablonski, CEO and chief investment officer
at Defiance ETFs, via CNBC.
Historically the halving has led to bitcoin
prices increasing … past performance is not
indicative of future performance, but I do think
there’s this belief that the halving process will
result in the same level of price appreciation, Sylvia Jablonski, CEO and chief investment officer
at Defiance ETFs, via CNBC.
Bitcoin's next "halving" is
scheduled for this April
Credit: Wibbitz Top Stories Duration: 01:30Published
Watch as the United States takes a stand against the crackdown on rights and freedoms in Hong Kong by imposing new visa restrictions on multiple officials. Stay updated on the latest developments in the ongoing tensions between the US and China over the situation in the Chinese-ruled territory.
#USNews #HongKong #USVisa #HongKongVisa #VisaRestrictions #USVisaRestrictions #RightsCrackdown #UnitedStatesofAmerica #Oneindia
~HT.99~PR.274~ED.194~
Hong Kong Passes , New Security Law.
On March 19, lawmakers in Hong Kong unanimously passed Article 32.
The national security bill
"punishes treason, sabotage, sedition,
the theft of state secrets and espionage
with up to life imprisonment," Reuters reports. .
The legislation will go into effect on March 23.
John Lee, a political leader
in the country, referred to the new law
as a "historic moment for Hong Kong.".
However, critics say that the
new legislation could be utilized to
"eliminate dissent through the fear of arrest
and detention," restricting free speech and more.
However, critics say that the
new legislation could be utilized to
"eliminate dissent through the fear of arrest
and detention," restricting free speech and more.
On March 14, the U.S. Congressional-Executive Commission on China wrote Secretary of State Antony Blinken to oppose the new laws.
The commission also urged the American government to "take additional steps to protect American citizens and businesses," Reuters reports. .
An ever-expanding notion of national
security will only make Hong Kong less safe
for U.S. businesses and citizens living in
Hong Kong as well as Hong Kongers seeking
to exercise their fundamental freedoms, The U.S. Congressional-Executive Commission
on China, via letter to Antony Blinken .
China's Foreign Ministry Commissioner's
office responded to the criticism. .
China's Foreign Ministry Commissioner's
office responded to the criticism. .
Immediately stop the political
manipulation and interference
in Hong Kong affairs, China's Foreign Ministry Commissioner's office, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
A man has set himself on fire outside the courthouse in New York where former US President Donald Trump is on trial, according to US media reports. Sky News
Ryan Garcia weighs 3.2lb over the 140lb limit for Saturday's light-welterweight contest against compatriot Devin Haney in Brooklyn, New York. BBC Sport
Ryan Garcia will live up to his King Ry moniker Saturday night in NYC ... 'cause the star boxer commissioned an insane iced-out crown -- with over 15,000.. TMZ.com
3 Unconventional Ways, to Become a Homeowner.
Amid rising housing costs,
'Newsweek' has offered readers some
alternative routes to homeownership.
Over the past few years,
the real estate market has seen
prices rise to record levels. .
Over the past few years,
the real estate market has seen
prices rise to record levels. .
According to Scott Durkin,
CEO of Douglas Elliman Real Estate, , "prices are going up, mortgage rates
are going up, but inventory is down.".
Here's what 'Newsweek' recommends for anyone lacking the income or down payment to find a home. .
Renting to Own, This option gives potential buyers
the ability to rent a property for a set period
of time before having the chance to buy it. .
It can help you get a good credit score,
and it can help a mortgage company give you
a loan for the rest of the cost of the home, Scott Durkin, CEO of Douglas
Elliman Real Estate, via 'Newsweek'.
It can help you get a good credit score,
and it can help a mortgage company give you
a loan for the rest of the cost of the home, Scott Durkin, CEO of Douglas
Elliman Real Estate, via 'Newsweek'.
Seller Financing, For this option, the home's seller
acts as a bank, lending the
purchase money to the buyer.
This can be helpful if the potential
homebuyer is not eligible
for a conventional mortgage.
Co-ownership, Shared ownership is when two or more people purchase
a property together. It usually works well for
unmarried couples, siblings and close friends. .
The process may seem like a lot,
but ultimately homeownership is
the best thing you can do for your
long-term financial success, Nicholas Athanail, real estate broker
in New York City, via 'Newsweek'.
The process may seem like a lot,
but ultimately homeownership is
the best thing you can do for your
long-term financial success, Nicholas Athanail, real estate broker
in New York City, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:31Published
The new artwork in north London produced by anonymous street artist Banksy has been covered with see-through plastic sheeting and wooden boards in a move to protect it from being defaced. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A tree mural in north London that appeared on a residential building overnight is the work of Banksy, the anonymous street artist has confirmed.
The artist claimed the mural as his own in an Instagram post on Monday, following a morning of speculation after it appeared on a building on Hornsey Road in Finsbury Park overnight.
Residents said they were “proud and delighted” at the thought of the anonymous artist choosing their street for his latest mural.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Officers arrested two people in Zaragoza, where forgeries were allegedly created, and two others suspected of putting fake Banksy artworks on sale for as much as €1,500 apiece.
Credit: euronews (in English) Duration: 00:35Published
Standout pieces included Banksy's Triptych, a Keith Haring artwork, and John's cherished Bentley Continental, while his photography collection and wristwatches also drew significant attention.
Credit: euronews (in English) Duration: 01:07Published
![Where Bitcoin is going to be in 10 years...especially if it teams up with AI [Video]](https://video.newsserve.net/300/v/20240403/1371644570-Where-Bitcoin-is-going-to-be-in-10.jpg)
![Bitcoin Rallies on Hopes of Renewed Interest Among Mainstream Investors [Video]](https://video.newsserve.net/300/v/20240304/1367680596-Bitcoin-Rallies-on-Hopes-of-Renewed-Interest-Among.jpg)
![Bitcoin Tops $63,000 [Video]](https://video.newsserve.net/300/v/20240229/1367251466-Bitcoin-Tops-63-000.jpg)
![Bitcoin stock surpasses €55,000 mark [Video]](https://video.newsserve.net/300/v/20240228/1367147352-Bitcoin-stock-surpasses-€55-000-mark.jpg)
![U.S. to Impose Visa Restrictions on Hong Kong Officials over Crackdown on Rights | Oneindia News [Video]](https://video.newsserve.net/300/v/20240330/1371344206-to-Impose-Visa-Restrictions-on-Hong.jpg)
![Article 23: What impact Hong Kong new security laws could have? [Video]](https://video.newsserve.net/300/v/20240320/1369776644-Article-23-What-impact-Hong-Kong-new-security.jpg)
![Hong Kong Passes New Security Law [Video]](https://video.newsserve.net/300/v/20240319/1369527234-Hong-Kong-Passes-New-Security-Law.jpg)
![3 Unconventional Ways to Become a Homeowner [Video]](https://video.newsserve.net/300/v/20240418/1373040376-Unconventional-Ways-to-Become-Homeowner.jpg)
![Banksy mural covered by see-through plastic and wood [Video]](https://video.newsserve.net/300/v/20240327/1371106406-Banksy-mural-covered-by-see-through-plastic-and.jpg)
![New Bansky mural appears on North London building [Video]](https://video.newsserve.net/300/v/20240318/1369297192-New-Bansky-mural-appears-on-North-London-building.jpg)
![Spanish police say they have smashed Banksy fakes ring [Video]](https://video.newsserve.net/300/v/20240308/1368035428-Spanish-police-say-they-have-smashed-Banksy-fakes.jpg)
![Banksy, Haring, and Bentley: Elton John's personal collection auction rakes in over €19 million [Video]](https://video.newsserve.net/300/v/20240301/1367399544-Banksy-Haring-and-Bentley-Elton-John-personal.jpg)
