Bitcoin Adoption: Luxurious Real Estate Properties on Sale for Crypto

A property owner in Greece is selling a 9,000 square-meter plot of land located in the beautiful Greek island of Lemnos. The land is on sale for €180,000 and the owner will also accept cryptocurrencies as payment.

According to the listing posted on Bitcoin Real Estate, the land is located about 1 km outside of the town of Moudros, a former municipality of Lemnos. As described in the listing, the property’s elevation allows for panoramic views of the town and the Aegean Sea.

The large plot of land is only a short walk from the historical village of Moudros which has many restaurants, tavernas, and mini markets. There are also miles of “unspoilt” beaches and coves that are located near the property. Water and electricity sources are available, and it’s permissible to build houses or commission other construction projects on the land, the listing noted.

Penthouse For Sale In Mexico For Bitcoin, Ether

The property owner will accept payments in bitcoin (BTC), litecoin (LTC), zcash (ZEC), and ether (ETH). Notably, there are many other properties currently listed for sale on Bitcoin Real Estate, with most of them accepting bitcoin and ether payments. There’s presently a three bedroom, 2 bath luxurious penthouse on sale in Cabo San Lucas, B.C.S., Mexico for $775,000 and the seller will also accept BTC and ETH payments, according to the listing.

Despite the year-long bear market of 2018, which has seen digital currency prices drop drastically, there seems to be an increasing number of merchants that now accept cryptocurrency payments. As CryptoGlobe reported earlier this month, there are currently 1,500 restaurants in Denmark that accept bitcoin (BTC).

Giant Danish food portal, Hungry.dk, had been accepting bitcoin since 2014 in exchange for food items from over 1,500 restaurants that have registered on its platform. In 2017, the crypto payments feature had been temporarily removed due to slow transaction processing times. However, Hungry.dk has again started to accept BTC because transactions with the flagship cryptocurrency are faster now and also more cost-effective, according to a representative from Hungry.dk.

Many More Bitcoin ATMs & Crypto Wallets

There are other signs that cryptocurrency adoption has increased this year, even during the bear market which has seen some smaller cap coin projects die out. According to a chart shared by Jameson Lopp, a well-known bitcoin developer and CTO at CasaHODL, the number of Bitcoin ATMs have doubled this year to now over 4,000 worldwide, “continuing a 3 year trend of 100% year over year growth.”

As pointed out by the host if CNBC Crypto Trader show, Ran NeuNer, there have been over 2 million new crypto accounts opened on Blockchain.com since September. 

Young Australian Woman Accused of Stealing 100,000 XRP Pleads Guilty

Siamak Masnavi

Katherine Nguyen, the first Australian charged with cryptocurrency theft, has pleaded guilty.

Background

On 25 October 2018, according to a report in media outlet "news.com.ua", police in the state of New South Wales in Australia arrested a 23-year-old woman from Sydney over the alleged theft of 100,000 XRP tokens.

Apparently, detectives from the State Crime Command’s Cybercrime Squad had set up a task force back in January 2018 to investigate the reported theft of 100,000 XRP tokens from a 56-year-old man. The investigators were told by the alleged victim that he was locked out of his email account for two days in mid-January 2018, but he thinks that his email account may have gotten hacked in December 2017.

After he managed to eventually get back control of his email account, he noticed some suspicious activity involving his cryptocurrency account, and when he checked this wallet, he found that almost all of the crypto there had disappeared.

However, after an approximately ten-month investigation, on 25 October 2018, detectives used a search warrant to get access to the young woman's home, arrested her, and took her to Ryde (a suburb of Sydney) Police station, where they charged her with "knowingly deal with proceeds of crime." 

The police were alleging that the woman (possibility with the help of others) took over the man's email account, changed his password, thereby locking him account, and then set up two factor authentication using a mobile phone number. It is further alleged that she then accessed his crypto account, and transferred his XRP tokens to a crypto exchange in China, where this XRP was converted to Bitcoin.

Latest Development

On Friday (August 23), Australian TV news channel 7NEWS sent out the following tweet:

According to their report, in January 2018, Nguyen, the alleged cryptocurrency thief, "hijacked" the email account of a 56-year old man with the same surname as her. 

The report goes on to say that although Nguyen has pleaded guilty, there is "still some dispute over the exact facts," which will hopefully be "settled at a special hearing in October" (this hearing has been given the task of preparing "a pre-sentence report").

When she is sentenced in October, there is a real possibility that she will have to go to jail.

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