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September 6th Cryptocurrency News- Dubai Real Estate Project To Accept Bitcoin payments

2,262 views · Published 6 September 2017 · 2:29 · Indexed 4 November 2026

Channel: NEWSBTC · 2017 · People & Blogs

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China’s crackdown on ICO’s led to a dramatic drop in the price of bitcoin but there are signs of resilience. Bitcoin fell 20% in just three days, dropping just below $4,000 after we saw it skyrocket to $5,000 on some exchanges on Saturday. Today, it regained some of its losses and it’s back over $4,500. Ethereum gained more than 12% over the past 24 hours and it is under $330. Bitcoin Cash also gained more than 10% and it remains under $600. Litecoin made gains over over 17% and it is over $75. 

Let’s see what else is happening in the cryptocurrency world. Two British entrepreneurs remain bullish on bitcoin as they are launching a new real estate project in Dubai where luxury apartments can be purchased in bitcoin. The $325 million project, which was started by British Bra Tycoon Michelle mone and her partner Doug Barrowman hopes to offer those who profited from the bitcoin boom an opportunity to convert their digital assets into something more physical. Studio apartments are expected to be sold at a starting price of 30 Bitcoin—with the value of around $133,918. Bitcoin transactions will be processed by Bitpay and the project is expected to be finished by late 2019. 
Moving over to the next story, which is about Brazil, Russia, India, China and South Afirca. These countries are apparently considering a new cryptocurrency as a settlement mechanism. According to Russia Today, the Chief of the Russian Direct Investment Fund told journalists at the BRICS summit that Brazil, Russia, India, China and South Africa could develop its own alternative to other payment tools. He said that within the BRICS countries it has the potential to replace the US dollar and other currencies used in settlements.

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