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Auction house Sotheby’s to accept cryptocurrency for 101-carat diamond

Auction house accepting cryptocurrency for ‘flawless’ 101-carat diamond

Auction house Sotheby’s is breaking new ground by accepting cryptocurrency as payment for the auction of one of Earth’s rarest diamonds. Named “The Key 10138”, the diamond weighs 101.38 carats and has been graded as “flawless”. It’s anticipated to fetch more than US$15 million ($19.97 million) and for the first time ever, bidders can use cryptocurrency such as Bitcoin or Ethereum to buy it.