Nelson Mandela’s Golden Hands get its $10m value in Bitcoin

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Mashadi KekanaGemma Ritchie 27 Mar During a conference earlier this month Malcolm Duncan — a South African businessperson who has been living in Alberta for the past 12 years — sold the castings to an Ontario based cryptocurrency company called Arbitrade. The full collection is made up of two Mandela fists, his full hand and a palm impression. It will be handed over to Arbitrade in late April. Each set weighs 9kg and is composed of The original plan was for Harmony Gold to cast 27 sets for each year Mandela was in prison but the project was stopped after only one set was completed.

According to Duncan, this set was sold to him at double the R1. He cut his thumb quite badly on Robben Island, his right thumb, and you can see it. Arbitrade is responsible for handling the conversion of the bitcoin funds to US dollars but Duncan says he might keep some of it in cryptocurrency in case it appreciates in value.

Cryptocurrencies such as Ethereum, Ethereum Classic, Dash, Litecoin, and Monero are run on blockchain, which is in essence a digital record of all transactions. Create Account Lost Your Password? Toggle navigation Toggle profile. Art Dealers accepting bitcoin Artists and gallery owners hope that bitcoin will encourage more individuals to buy art.

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Mashadi Kekana , Gemma Ritchie 27 Mar During a conference earlier this month Malcolm Duncan — a South African businessperson who has been living in Alberta for the past 12 years — sold the castings to an Ontario based cryptocurrency company called Arbitrade. The full collection is made up of two Mandela fists, his full hand and a palm impression. It will be handed over to Arbitrade in late April. Each set weighs 9kg and is composed of The original plan was for Harmony Gold to cast 27 sets for each year Mandela was in prison but the project was stopped after only one set was completed.

According to Duncan, this set was sold to him at double the R1. He cut his thumb quite badly on Robben Island, his right thumb, and you can see it.

Arbitrade is responsible for handling the conversion of the bitcoin funds to US dollars but Duncan says he might keep some of it in cryptocurrency in case it appreciates in value. Cryptocurrencies such as Ethereum, Ethereum Classic, Dash, Litecoin, and Monero are run on blockchain, which is in essence a digital record of all transactions. Create Account Lost Your Password?

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