Paris Hilton’s Father to Sell $38M Mansion for Crypto

Palazzetto mansion is designed by the Michelangelo's apprentice architect Giacomo della Porta
19 June 2018   329

Owned by businessman Rick Hilton, the father of the reality show star Paris Hilton, the elite real estate company Hilton & Hyland announced the sale of the Roman mansion of the XVI century at a cryptocurrency auction, CCN reported.

Located in the historic center of Rome, the Palazzetto mansion, designed by the Michelangelo's apprentice architect Giacomo della Porta, has 11 bedrooms and 15 bathrooms. Palazzetto will be put up for sale on the decentralized trading platform Propy for $ 35 million.

Propy uses blockchain to eliminate the complexities associated with cross-border transactions. The mansion in Rome will be the most valuable asset in the company's portfolio and the most expensive real estate object that has ever been sold for a cryptocurrency.

The auction shows real estate’s growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset.

Rick Hilton

Co-founder, Hilton & Hyland

In 2017, 20 houses were sold for cryptocurrency, including a house in Miami with seven bedrooms at a price of 455 bitcoins (equivalent to $ 6 million).

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   120

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.