In other news, the Bank of Russia will be working with commercial banks to delay payments to digital asset exchanges, intending to limit “emotional” crypto purchases by unqualified investors, Bitcoin.com reported.
The move will likely influence peer-to-peer (P2P) and over-the-counter trading platforms, according to the report.
The Bank of Russia is skeptical about acquiring crypto, the report stated. It still won’t support increasing access to crypto markets for investors in the country.
In other news, auction house Christie’s is selling nonfungitble tokens (NFTs), CoinDesk reported.
The tokens will consist of 31 Curio Cards along with other NFTs, and they’ll be sold in a live auction Oct. 1, according to the report.
Curio Cards, first rolled out in 2017, were some of the first digital art on ethereum and include mundane objects such as apples, corporate logos and detailed geometric drawings, the report stated.
Meanwhile, El Salvador now has the third-largest network of cryptocurrency ATMs, which amounts to 70% of all South American crypto ATMs, Cointelegraph reported, citing data from Coin ATM Radar.
The country is third only compared to the U.S. and Canada, according to the report.
The data shows El Salvador has surpassed the U.K.’s crypto ATM number after El Salvador put out 205 new ATMs to boost local bitcoin transactions along with conversions between BTC and U.S. dollars, the report stated.
Lastly, Magnum Real Estate will be working with the first real estate opportunity paid in cryptocurrency, as it is taking a payment for a three-store retail condominium space in bitcoin, Entrepreneur reported.
The building will go for $29 million, and will be at 385 First Avenue in Manhattan, containing turnkey retail condominiums, according to the report. The retail spaces are leased to M&T bank, Mighty Pita Restaurant and ProHEALTH Urgent Care Clinic.
Magnum partners with BitPay, which will receive the payment on behalf of the company and deposit the money into an account in dollars. The company said other transactions will likely be able to be processed in the same way, the report stated.
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