If central banks and governments wanted to finish off cryptocurrencies, that moment has now passed and each day that they continue to exist, is a challenge to the legitimacy of fiat-based institutions.

LUXUO uncovers the reasons why the cryptocurrency market crashed and sent many investors into a frenzy over the course of a weekend in May.

“For real estate investors and developers, tokenisation and the use of smart contracts which facilitate the automated payment of rental proceeds and other income derived from real estate assets, could unlock an entirely underserved investor base and create fresh opportunities.”

The Kessler Collection became the first luxury American hotel chain to accept payment from its patrons in several cryptocurrencies, including the highly popular Bitcoin.

Estonia just announced a proposal to make the world’s first Sovereign backed cryptocurrency – a version of a bitcoin dubbed Estcoin through an Initial Coin Offering (ICO).