NEWS
Massive Increase in Demand for Cryptocurrency Domains

2017-12-22 17:10:00
by Sam Enrico Williams
img
Short Description / Article Intro

  The .com revolution began in March 1985 when an American company registered www.symbolics.com. Since then, internet domain names have developed into a multi-million dollar industry, with companies and individuals willing to pay very high prices for in-demand domain names.

\r\n

2017 has seen demand for Blockchain technology and cryptocurrency related domains increase, as companies who wish to develop new technology, operate exchanges, and market themselves, battle to secure a domain which is short and memorable.

\r\n

The Ethereum Name Service which auctions off decentralised domain names which end in .ETH, has made millions of dollars in sales since it began operations, as businesses and investors buy up names for their new websites.

\r\n

Jason Cassidy, the President of Blockchain TV, recently offered a portfolio of over 500 Blockchain related domain names for sale. The price tag attached to this product was a cool $6 million. If the sale is completed, it will represent one of the biggest sales in history.

\r\n

With Bitcoin breaking through to the mainstream thanks to the massive gains it has made this year, and with other cryptocurrencies also beginning to take off, it is likely that the interest in cryptocurrency domain names will increase in 2018.

Similar News
img
BITCOIN
Owning 0.01 BTC : A Small Step Into the Bitcoin Universe
2024-03-21 19:45:38 | by Sam Enrico Williams

Embarking on the journey of cryptocurrency investment can seem daunting, but starting small with something like 0.01 BTC is a manageable and insightful first step into the expansive Bitcoin universe.

More
img
BITCOIN
Honda Accepts Bitcoin for Vehicle Purchases
2024-03-21 19:21:52 | by Sam Enrico Williams

In an unprecedented move that marries the automotive industry with the burgeoning world of cryptocurrency, Honda has announced that it now accepts Bitcoin for vehicle purchases.

More
img
BITCOIN
Bitcoin Halving: What It Means for ETFs and All You Need to Know
2024-03-20 21:21:46 | by Sam Enrico Williams

The anticipation surrounding the Bitcoin halving event extends far beyond the mining community and individual holders.

More
img
BITCOIN
Bitcoin Laundering Scheme: Woman Found with Over £2bn in Cryptocurrency Convicted
2024-03-20 19:31:31 | by Kevin Lewis

Jian Wen, a 42-year-old former takeaway employee, has been found guilty at Southwark Crown Court for her involvement in a sophisticated money laundering operation using Bitcoin to acquire luxury properties and high-value items.

More