South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange. Report Says Do Kwon Allegedly Sold a ‘Large Part’ of His Assets […]
Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy
FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate
Cryptocurrency Rose Ranks in Popularity as Investment Option in Chile in 2022 Cryptocurrencies rose in popularity in Chile, according to a survey from global consulting firm Bain & Company. The survey found that crypto is ranked as the third most popular investment asset among Chileans, only behind investment funds, which were the most popular investment option, and real estate, which ranked second. Popularity of Crypto Rises in […]
Effective Altruism: Former FTX CEO’s Alleged $40M Penthouse Listed for Sale, Report Says Firm Spent $74M on Real Estate In light of a recently published real estate listing, former FTX CEO Sam Bankman-Fried (SBF) is reportedly selling a 12,000-square-foot penthouse in the Bahamas for $39.9 million. Moreover, reports further detail that FTX Property Holdings spent roughly $74 million on real estate purchases in the surrounding Albany Bahamas oceanside district. Bahama Mansion Called the ‘Orchid […]
Fractional NFTs and what they mean for investing in real-world assets While nonfungible tokens (NFTs) are currently suffering in the bowels of a bear market, some are using this time to build and develop new concepts with the technology. Once such new concept is fractional NFTs — an iteration of NFTs that enable multiple investors to own a piece of a single token. These NFTs differ […]
Roofstock Sells First Real Estate NFT for $175,000 Roofstock onChain has successfully sold an apartment worth $175,000 with its proof of ownership represented with an NFT. Roofstock onChain, a popular real estate firm, successfully sold a three-bedroom apartment located at 149 cottage way, Columbia, SC 29209, for the sum of $175,000 on the 12th of September, 2022. After the payment, the house owner […]
Rich Indians Buying Homes In Dubai With Crypto Are Entering Into A Legal Trap According to reports, wealthy Indians are using crypto to buy houses in Dubai. Major real estate firms in the Emirate are taking digital currencies in exchange for houses. However, experts believe such a move could backfire in the long run. Wealthy Indians Breaking Laws To Use Their Cryptos Although most rich Indians are buying homes […]
Why Every Real Estate Investor Should Own Bitcoin This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015. Prologue The following article is part of a series of articles in which I aim to explain some of the benefits of using bitcoin as a “tool.” The possibilities are endless. I […]
Five Advantages Of Using Bitcoin To Pay Rent Jenna Hall is a content marketing coordinator at Redfin. Redfin does not provide legal, tax, or financial advice. This article is for informational purposes only and is not a substitute for professional advice from a licensed attorney, tax professional or financial advisor. Over the past few years, an increasing number of companies worldwide have started […]
Balcony DAO Is Fractionalizing Investment in a Manhattan Building as an NFT How Balcony DAO Is Fractionalizing Investment in a Manhattan Building as an NFT Balcony DAO co-founder John Belitsky tells Decrypt's Dan Roberts at Chainlink SmartCon 2022 how Balcony DAO is fractionalizing real estate investment using NFTs starting with 20 Third Avenue in New York City, and why it's waiting to launch its token as a […]
How does tokenization help transform illiquid real estate ownership into a liquid one? A few years back, the concept of owning and trading fragments of physical real estate might have seemed too far-fetched for many. But with the advent of blockchain technology, real estate tokenization is providing new opportunities for fractional ownership and investment. Blockchain technology’s long-overdue debut in real estate has made real-world asset tokenization a heavily-discussed […]
Why Bitcoin Is Pristine Collateral For Lending This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015. Today, the most common form of collateral used by a borrower to secure repayment of a loan to a lender is real estate. This practice is common among mortgages, personal loans and […]
Ripple's plan to tokenize Colombian land stalls amid new administration A partnership between the Colombian government and Ripple Labs to put land titles on the blockchain appears to have stalled following the project being "deprioritized" by the new administration. The project was initially announced by the outgoing government’s Ministry of Information Technology and Communications just two weeks before the newly elected president Gustavo Petro was […]
Millennials Only Want This One Thing: Home Ownership This is an opinion editorial by Andy LeRoy, the founder of Exponential Layers which is a Lightning Network analytics platform and explorer. This beautiful three bedroom, 1.5 bath house in Charlotte, North Carolina, is a millennial’s dream. Complete with a backyard and a porch for enjoying a coffee, it is in a prime neighborhood just […]
Three Arrows CEO Zhu Su Seeks to Sell Luxury Singapore Mansion – Reports The mansion on 25 Yarwood Avenue in Singapore. Source: Google Zhu Su, the co-founder and CEO of the troubled crypto hedge fund Three Arrows Capital, is reportedly seeking to sell a mansion he owns in Singapore. The CEO has been trying to offload at least one of his so-called good-class bungalows in the past couple […]
Russia to Trial Digital Ruble Settlements for Real Estate Deals The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart Contracts on Digital Ruble Platform Russia’s central […]
How to Buy a House with Bitcoin: A Guide for the Crypto Rich Source: Adobe/leungchopan The acceptance of digital currencies like bitcoin (BTC) as a payment method continues to grow globally. Bitcoin payment providers like BitPay and BTCPay Server are making it easier for anyone to purchase a wide range of items, including real estate properties, with digital currency. Read on to learn how you can buy a […]
Can You Buy A House With Bitcoin? Jenna Hall is a content marketing coordinator at Redfin. Redfin does not provide legal, tax, or financial advice. This article is for informational purposes only and is not a substitute for professional advice from a licensed attorney, tax professional or financial advisor. From increased competition to low mortgage rates, the real estate market has undergone […]
Brazil in Bitcoin Adoption Drive: Blockchain.com's Expansion, Miners' Tax Break, Real Estate Firm's BTC Choice Source: AdobeStock / IrynaV Crypto adoption is gaining pace in Brazil, with the crypto wallet giant Blockchain.com looking to hire local staff, a major real estate firm committing to bitcoin (BTC) pay, and the government looking to incentivize crypto mining by waiving tax on imported mining hardware. In a post on LinkedIn, Blockchain.com explained that […]
US Labor Department on Bitcoin Pensions, Coinbase Intelligence & NFTs + More News Source: Adobe/Tim Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Regulation news Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration at the US Labor Department, said that they have “grave concerns with what Fidelity has done” with […]
