Miami-based E11EVEN Hotel and Residences is claiming to be the first real estate company to allow deposits for property purchases in the form of cryptocurrency. Speaking to Fox Business, company and condominium project co-founder, Marc Roberts, stated the enthusiasm for crypto has been “really astounding”. Roberts noted that local interest in crypto assets had piqued amid the recent Bitcoin Miami conference — which took place earlier this month and drew crowds of approximately 50,000 according to its organizers. He noted there has been a “tremendous response” to E11EVEN's announced support for crypto, adding it had already collected its first deposit …

Renowned French DJ David Guetta has put his luxury apartment on Miami Beach up for sale and will accept payments in Bitcoin (BTC) and Ether (ETH). The three-bedroom 2,528 square foot beachfront property is on the 37th floor of the luxury Setai Residences condominium complex and is on sale for $14 million, or around 380 BTC at today’s prices. The property boasts two master suites, a panoramic view of the Miami skyline, 24-hour hotel service and amenities, including three oceanfront swimming pools, a sauna and a spa, to name a few. The sale is being hosted by Freud Group, a …

Research has revealed that one in five Australians believe that crypto is the key to homeownership as confidence in traditional savings dwindles. The survey, conducted by cryptocurrency exchange Kraken, found that an increasing number of young Australians are becoming disheartened by traditional investment options. Almost one-quarter of those surveyed expressed concern that the value of money in traditional cash savings is decreasing. The research saw partner YouGov queru 1,027 Australians aged 18 years and older online from May 3 until May 5. The data was weighted by age, gender and region to reflect the latest population estimates from the Ausralian …

A unique NFT marketplace that is backed by physical assets has completed a live ask-me-anything session on Cointelegraph’s YouTube channel. Digible aims to offer a crypto-focused environment for rare items that exist in the real world. This means that, if you were to buy a coveted Pokémon card, you’d be able to receive it in the form of a nonfungible token — with this platform storing it safely on your behalf. Daniel Pustelnik, who co-founded Digible, said he became aware of NFTs back in 2018, and started to explore the wide range of use cases for this distinctive asset class. …

Dogecoin (DOGE) has often been seen as a joke coin, or an asset for TikTok speculators to gamble on, but now you can buy entire luxury apartments in Lisbon, Portugal with the currency. #fntx #btc #doge #cardano #ada #dogecoin #355outubro #portugal #lisboa #portugalrealestate pic.twitter.com/uiPuTnOA55 — FNTX Suisse (@FNTX_Suisse) May 11, 2021 Zug-based crypto payments and OTC liquidity provider FNTX Capital Suisse has partnered with Portugal-based property developer 355 Developments to offer condos for crypto in the capital. The partnership will enable buyers to purchase apartments with Dogecoin, Bitcoin (BTC), Ether (ETH) and Cardano (ADA) via FNTX’s “Real Estate Exchange,” which …

Tokenization platforms are “overwhelmingly centralized” and lack the scalability needed to be a force in the open finance movement, according to developers behind a new protocol. AMPnet says there is no shortage of innovative projects that are making their vision for a more inclusive financial future — but crucial pieces in the puzzle are currently missing. “Houses, apartments, renewable energy power plants, land, traditional financial instruments, company equity and much, much more are all locked away — not to be used or seen by the blockchain market. Five hundred trillion dollars in assets — just waiting to be brought to …

On April 28, MercadoLibre (MELI), the largest Latin American online marketplace, launched a real estate section dedicated to cryptocurrencies. Although the company does not settle property transactions directly, it legitimizes the category as a payment system. The $81 billion retailer is the second largest company in South America and is present in 18 countries, including its three largest markets, Brazil, Argentina, and Mexico. The group also owns Mercado Pago, a digital payments system for online and offline transactions, along with Mercado Envios, a logistics platform that provides fulfillment, warehousing, and shipping services. The current offers include houses, condos, vacant lots, …

German securities marketplace Deutsche Boerse and major bank Commerzbank have jointly invested in a new holding company that plans to focus on blockchain technology and digital assets. Deutsche Boerse announced Thursday that the company and Commerzbank entered a strategic partnership with fintech firm 360X to develop new blockchain-based digital marketplaces, for existing real asset classes like art and real estate. A representative from Deutsche Boerse confirmed to Cointelegraph that Deutsche Boerse invested 10 million euros ($12 million) for a stake of about 50% in 360X, while Commerzbank owns a lower double-digit stake. A Deutsche Boerse spokesperson noted that Thursday’s announcement …

Coworking space giant WeWork is the latest company to announce plans to hold cryptocurrencies on its balance sheet. The SoftBank-owned commercial real estate firm announced its plans via a statement on Tuesday. WeWork’s crypto balance sheet will come from the company adopting cryptocurrencies as a payment method. According to the announcement, WeWork has partnered with crypto payment service platform BitPay to accept digital currency payments for its workspaces. WeWork will reportedly accept Bitcoin (BTC), Ether (ETH) and stablecoins USD Coin (USDC) and Paxos (PAX). The company’s crypto adoption drive also includes paying landlords and other partners with cryptocurrencies as well …

Global equity marketplace Vesta Equity has chosen the Algorand blockchain to launch its new real estate tokenization services, hoping to disrupt a decades-old industry and open up the possibility for homeowners to convert their equity into digital assets. Under the new partnership, Vesta will utilize Algorand to further disintermediate the numerous parties involved in the traditional home equity and borrowing space. With Vesta eliminating expensive intermediaries from the process, Algorand’s technology will allow all data to be readily available and verified automatically. The new marketplace will enable homeowners to convert their home equity into digital assets and sell a percentage …

After becoming a corporate pioneer in cryptocurrency adoption, Elon Musk could be about to take the next step and begin paying rent in Bitcoin (BTC). While no announcement has been made by the “Technoking” himself, news broke on Wednesday regarding a partnership between Los Angeles real-estate firm Caruso Properties and the Gemini cryptocurrency exchange, founded by the Winklevoss twins. Following the partnership, Caruso will accept Bitcoin payments for rent at its various retail and residential properties. The firm’s deal with Gemini also saw Caruso convert about 1% of its treasury into Bitcoin, reports the L.A Times. Caruso owns the property …

On Feb. 19, Bitcoin's (BTC) market capitalization surpassed $1 trillion for the first time. While this was an exciting moment for investors, it also concerned investors that the asset is in a bubble. Although a handful of listed companies ever achieved this feat, unlike gold, silver, and Bitcoin, stocks potentially generate earnings, which in turn can be used for buybacks, dividends, or developing additional sources of revenue. On the other hand, as Bitcoin adoption increases, those same companies will likely be forced to move some of their cash positions to non-inflatable assets, ensuring demand for gold, silver and Bitcoin. In …