Bitcoin price drops back below $4,000 - but what next? CREDIT: BLOOMBERG Mark Molloy 22 AUGUST 2017 • 2:33PM B itcoin slumped back to below $4,000 after a wave of record highs since its split into two separate cryptocurrencies. The price of the virtual currency had soared to a record new high of $4,500 on Thursday , but is now trading at $3,977 - a seven-day low. Bitcoin prices have been rising steadily over the past two weeks following an event known as a hard fork, which resulted in two competing strands of the cryptocurrency emerging . Paid content 5 Ways to Build Wealth Outside the Stock Market yieldstreet The Most Important Map of America You Will Ever See (See Map) Banyan Hill Publishing Recommended by The virtual currency’s online community became divided over the best way to process bitcoin transactions following a surge in popularity this year, leading to the split. A nalysts remain divided over t
The owner hired the real estate company to sell his mansion for $8 million worth of BTC. The Russian real estate firm Kalinka Group has announced that once of its clients is selling his luxurious home for bitcoins. The 4200 square foot country mansion is located in the village of Nikolino, situated in a fashionable neighborhood off the Rublevo-Upenskoe highway. According to the Kalinka Group, this is the first time in the history of the Russian real estate market that a client has offered to sell a property for cryptocurrencies. "Such transactions are still a novelty, even for world real estate markets,” Ekaterina Rumyantseva, the chairman of the board of Kalinka Group, said in a statement. “We are pleased to be pioneers and open new frontiers in business.” She pointed out that Russian legislation has not yet defined the rules for working with bitcoins, and so far there is no legal definition of the cryptocurrency. Also, as there is no regulatory or legal framew