When Elon Musk isn’t busy manipulating the cryptocurrency market, China is happy to do so in his place.
Sotheby’s announced on Monday that a rare pear-shaped diamond that is expected to fetch up to $15 million can be bought at auction next month using cryptocurrencies.Sotheby’s said it would be the first time a diamond of such size has been offered for public purchase with cryptocurrency, adding that no other physical object of such high value has been available for sale with the digital asset.The 101.38-carat diamond, dubbed The Key 10138, is one of just ten diamonds of more than 100 carats ever to come to auction, only two of which were pear-shaped.Sotheby’s said the name of the flawless diamond is intended to reflect the integral role that keys occupy in the world of cryptocurrencies.It carries a pre-sale estimate of $10 million – $15 million and will be sold on July 9 in Hong Kong.
On the other hand, the Federal Reserve believes it can curb an outbreak of inflation should it occur without throwing the recovery off track.
Volkswagen’s venture with state-owned SAIC Motor, which makes the slightly bigger ID.4 X model, had been targeting sales of 50,000-60,000 vehicles this year, according to comments by Yang Siyao, a company marketing executive, in Chinese media in March.
With seven justices holding that the states and individual plaintiffs lacked standing to sue because they failed to show that they had suffered a direct injury, the Court delivered its strongest defense of the law to date.
Director Benjamin Caron and editor Yan Miles first began working together on the Season 1 episode of “The Crown” entitled “Assassins,” and they immediately hit it off.
The sell-off reverberated across the crypto spectrum, dragging down other coins, with Ethereum down 13pc to $1,950 while meme-inspired Dogecoin also fell 12pc to $0.22.