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   455

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).

Bitcoin Cash Hardfork Implemented

Hardfork of a hardfork... just don't get confused in this crazy world of cryptocurrency
16 November 2018   81

Today, on November 15, a hardfork was implemented in the Bitcoin Cash (BCH) network. The first block in the Bitcoin ABC blockchain has mined a pool of Bitcoin.com.

The last “common block” was # 556,766, mined by SVPool. on which the protocol update was activated.

Bitcoin SV got its first block. Now we can definitely talk about the division of Bitcoin Cash into two competing blockchains. Roger Ver, right before the hardfork, said that his pool had sent a significant amount of power to mining Bitcoin ABC.

Bitfinex exchange announced the transfer of BAB and BSV coins to the accounts of BCH holders.

Poloniex converted all BCH balances into assets BCHABC and BCHSV. At the same time, the BCH market became unavailable. Instead, the BCHABC / BTC, BCHSV / BTC, BCHABC / USDC and BCHSV / USDC trading pairs appeared. I / O of BCHABC and BCHSV is not yet available, but will open when the network stabilizes.