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Bitcoin used for Golden hands as Cryptocurrencies meet Mandela Art

Attempts by Malcolm Duncan, formerly of South Africa, to sell the hands back in 2007 were scuppered

A copy of bitcoin standing on PC motherboard is seen in this illustration picture. (Photo: Reuters)
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A copy of bitcoin standing on PC motherboard is seen in this illustration picture. (Photo: Reuters)

Danielle Bochove | Bloomberg
It’s one of the more unusual deals in the art world. After more than a decade, an Alberta businessman has finally found a buyer for his prized collection of gold castings of Nelson Mandela’s hand. The final price? Ten million dollars -- in bitcoin.

Attempts by Malcolm Duncan, formerly of South Africa, to sell the hands back in 2007 were scuppered by controversy over provenance and a possible missing charitable donation. This time he’s had better luck, albeit with an unusual buyer.

Little information is available about Arbitrade, an Ontario-based cryptocurrency company, something Chairman Len Schutzman says is about to change.

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