Interstellar Enigma diamond sold for $4.5M in crypto
The origin of the carbonade diamond has baffled scientists for years, as it contains some of the precious metals only found in meteorites. A 555-carat diamond with mysterious origins estimated to be billion years old has been sold for $4.5 million in cryptocurrency at a Sotheby's auction.The diamond has baffled geologists over its origin, where it’s still not clear whether it came from outer space or was crystallized in the earth’s mantle. The diamond is characterized by its opaque black appearance with full of visible holes. The carbonade diamond is available in only two regions on the....
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A pair of Bitcoin entrepreneurs and the MIT Media Lab has revealed a prototype for a system called Enigma, a decentralized cloud platform with guaranteed privacy. Enigma allows users to store, share, and analyze personal data without it being fully revealed to any party. Powered by the blockchain, Enigma aims to be a secure, multi-party computation. The team at MIT has already developed a prototype for Enigma, which is based on a highly optimized version of secure multi-party computation, guaranteed by a verifiable secret-sharing scheme. MIT Media Labs’ whitepaper says:
In July Bitcoin Magazine reported that researchers and entrepreneurs at the MIT Media Lab had started the development of a new encryption system, dubbed Enigma, based on the blockchain technology. Enigma will enable untrusted and anonymous participants to securely share sensitive information with a third party. The name "Enigma" is part of the history of cryptography and code-breaking. It was the name of the electro-mechanical encryption system used by Germany before and during World War II, which was broken by a group of notable mathematicians and early computer scientists, including Alan....
A massive diamond just sold on Sotheby’s for a whole lot of crypto. Art and jewelry brokerage Sotheby’s put a 101.38 carat diamond up for auction, fetching over $10 million in crypto for the rock on July 9. The diamond “sold for $12.3 million to an anonymous buyer last Friday at Sotheby’s Hong Kong,” MarketWatch reported on Monday. “It’s the most expensive gem ever purchased with cryptocurrency, according to Sotheby’s,” MarketWatch added. News of the crypto-friendly diamond auction surfaced in the latter half of June, with estimates forecasting the diamond to hit prices somewhere in the....
Sotheby’s has now set the world record for the most expensive piece of jewelry sold for crypto last Friday. The global auction house had announced the intended sale earlier in the year of the 101.38-carat rare diamond. Sotheby’s had announced that the auction would be held with crypto as the buying currency. Stating that interested […]
De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store on a secure blockchain.”
Immutable Record of a Diamond’s Provenance
One of the world’s top diamond miners, De Beers, recently said it had deployed a blockchain-based diamond source platform at scale. The platform, which is known as Tracr, gives the so-called sightholders the ability “to....