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In 1941, the Gestapo stole more than 160 paintings from a Jewish couple, who’d fled Nazi-annexed Austria. Hitler’s photographer, Heinrich Hoffmann, nabbed “View of a Dutch Square” by Jan van der Heyden, but he didn’t have long to enjoy it. Retrieved by the Allies after the end of World War…
Canada’s housing agency will spend up to $ 941.1 million over three years to take equity positions in homes bought by first-time buyers, part of a plan by Justin Trudeau’s government to make housing more affordable for the youngest voters.
According to federal budget documents released Tuesday in…
Not one, not two, but three cities have for the first time tied for the most expensive to call home in the annual Economist Intelligence Unit survey. Singapore, Paris, and Hong Kong share the distinction. Asian and European cities dominate the list of 10 cities—compiled by evaluating the cost…
A major Australian real estate group is holding a luxury home auction that can be paid for with two cryptocurrencies. There will be a live auctioneer who will call out bids in BTC. The property owner says he wants to keep as many coins as possible.
Live Auction for Cryptocurrencies
One of Australia’s largest real estate groups, LJ Hooker, is preparing a live luxury real estate auction for cryptocurrencies with a live auctioneer. The company is working with James Pratt Auctions and blockchain company Nuyen, which will facilitate online bidding for the five-bedroom house in New South Wales, Australia. Micky media outlet reported Monday:
The auctioneer will call bids in cryptocurrency, with the price to be converted and displayed in AUD and USD on a live screen. Payments can be made in both bitcoin (BTC) and binance coin (BNB).
The owner of the property and president of Nuyen, Greg Costello, told news.Bitcoin.com that, in addition to the two cryptocurrencies, AUD will also be accepted.
According to Nuyen, the auction has attracted interested buyers from the U.S., Canada, China, and Australia, the publication detailed. Costello was quoted as saying: “We have already had parties register for the auction in less than 5 days of it being released … There has been a lot of international interest and publicity and I expect to see this grow and grow as the auction gets closer.”
Furthermore, he told the news outlet that he believes there will be more live auctions for cryptocurrencies in the future because international bidders can easily participate, elaborating:
All signs point to a borderless system where digital assets are traded for real assets.
Established in 1928, LJ Hooker claims to be “Australia’s best-known and most trusted real estate brand.” With offices in Australia, New Zealand, China, Indonesia, Papua New Guinea and Vanuatu, the group claims to manage the largest property portfolio in the region of approximately 160,000 properties worth $ 100 billion Australian dollars (~$ 71 billion).
The auction will take place on April 8. There will be a live auctioneer on the property, which is located on the coast about 60 miles south of Brisbane. Nuyen Vice President Ryan Lee described the post-auction process:
Once the sale has been completed, Nuyen’s internal and secure exchange will then be responsible for facilitating the liquidation of the coins themselves and of course releasing them back to the market.
Costello, being a firm crypto believer, intends to keep as much of the BTC and BNB as he can, Micky conveyed. Nonetheless, he explained that “Some of the coins will have to be liquidated to release the mortgage but the rest will be held tight for future gains.”
What do you think of this live auction for BTC and BNB? Let us know in the comments section below.
Images courtesy of Shutterstock, LJ Hooker, and Greg Costello.
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The post Real Estate Giant Holding Live Luxury Home Auction for Bitcoin appeared first on Bitcoin News.
Less than a week after the head of the Colombo crime family died , the Gambino crime family has lost its own reputed boss. The demise Wednesday night of Francesco “Frank” Cali, however, was much more violent and untimely than the passing of Carmine “The Snake” Persico, who died in a…
Authorities said a Southern California man who came to the rescue of people in a burning mobile home was found dead in the wreckage, and his family is calling him a hero, the AP reports. The blaze erupted early Saturday morning in the Highland area of San Bernardino County, according…
An Olympic track cyclist who represented the U.S. at the Summer Games in 2016 was found dead in an apparent suicide at her home in California on Friday.
At 5 a.m. on a September morning in 2014, 14-year-old Soraya picked up a large suitcase and left her family home in the suburbs of Lyon, France. The sound of her closing the door as she left woke her older sister who promptly ran to warn her mother, Nadia. Nadia flung open the window and yelled at Soraya to come back. The girl paused for a few seconds, looked up and then walked on, past the parking lot and out of sight.
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Interest in cryptocurrency is often interlinked with a passion for personal freedom and a desire to shape the future for the better. A recent example of this is a team of Bitcoin early adopters who are building a seasteading home off the coast of Thailand.
Private Seasteading for $ 150,000
A short video documentary released by the Seasteading Institute on its Youtube channel showcases the establishment of a small seastead 12 nautical miles off the coast of Phuket, Thailand. The installation is now the home of Chad Elwartowski and Nadia Summergirl, a couple who wanted to move the futuristic idea from just a concept to a practical reality.
The people behind the project were Bitcoin early adopters who used the profit from that investment to fund their dwelling. They spent around $ 150,000 on the seastead, $ 30,000 more than they expected. “As it is experimental we ended up adding and adding and adding,” Elwartowski told Reason’s Brian Doherty.
According to the blog of the seastead construction team, Ocean Builders, $ 150,000 is the target minimum price for a barebones facility. “Closer to $ 200,000 would likely give you a move-in ready seastead with a nice kitchen, water, solar electric, etc.”
From French Polynesia to Thailand
Seasteading, a combination of the words sea and homesteading, is the idea of creating permanent habitats at sea, beyond the territorial control of existing governments. Promoters hope that one day large autonomous seasteading cities may be recognized as sovereign states in their own right and provide a platform for experimenting with new forms of governance to ensure citizens’ liberty.
Back in May 2018 it was reported that a seasteading project had reached a memorandum of understanding with French Polynesia with the aim of creating an independent island with its own cryptocurrency. Elwartowski and Summergirl had been waiting to build their seastead as part of that venture, but when progress there stopped they decided to go it alone in Thailand. They have no agreements with the Thai government but don’t anticipate any friction from authorities.
What do you think about this seasteading home built by early Bitcoin adopters? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post Bitcoin Early Adopters Build Seasteading Home off the Coast of Thailand appeared first on Bitcoin News.
A man accused of killing an Oregon teenager in a hit-and-run crash appears to be in the clear after he fled home to Saudi Arabia— apparently with his government’s help . The State Department says there is little it can do to force Abdulrahman Sameer Noorah to return to America to…