BTC.com Domain Name Reportedly Acquired For $1.1 Million
An interesting report from news website CryptoCoinsNews.com reveals some interesting information with regard to a bitcoin-related domain sale. Josh Garza of GAWMiners miners told the website that he managed to pick up the BTC.com domain name for a whopping $1.1 million - a record sale in the bitcoin industry. Other bitcoin-related domain names have previously gone up for sale, but none have been bought for quite as much as BTC.com, which is the most commonly used symbol for bitcoin (and it'll really stink for Garza if the community decides to formally adopt XBT as the symbol). In February....
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This piece has been updated following the official announcement of the sale by Domain Guardians. The final sale price was $1m rather than $1.1m as originally stated by GAWMiners CEO Josh Garza. The domain name BTC.com has been sold to bitcoin mining equipment specialist GAWMiners. It had been on the market for less than a month before GAWMiners chief executive Josh Garza secured the $1m deal. GAWMiners is a relatively large mining hardware vendor. The Connecticut-based firm sells a wide range of SHA-256 and scrypt ASICs, including hardware from Bitmain, Gridseed, Innosilicon, Rock Miner,....
The Bitcoin domain BTC.com was purchased by Josh Garza of GAWMiners for a whopping 1.1 million US dollars. As larger players and investors come into the Bitcoin and cryptocurrency world, more money is being invested in properties and businesses. BTC.com was available on the market for a couple of weeks, even CCN was contacted for the possibility of buying the domain. And now it turns out that Josh Garza was the lucky one to acquire it. Josh Garza woke me up at 2:30 am today with this message: Josh Garza. To: Scott Fargo. Date: August 4, 2014, 2:32 AM. So you wanted some news? I just bought....
Bitcoin has become big business, if you weren't already aware. So it should be no surprise that bitcoin-related domain names are going for a pretty penny while on the market. Such is the case with BitcoinWallet.com - a domain name owned by entrepreneur Niko Younts. Younts tweeted that the domain fetched a whopping $250,000. But it doesn't end there. Younts has a similar domain, BitcoinWallets.com (plural) that is expected to bring in $200,000. That's nearly a half-million for two domain names. The domains were registered in 2010 and 2011, respectively. A quick Whois of the....
Chinese bitcoin mining firm Canaan Creative (more commonly known by its brand Avalon), is being acquired for a reportedly princely sum of ¥3.06bn, approximately $466 million. It makes for a notable business deal in the bitcoin mining industry, perhaps the most notable yet. Beijing-based Canaan Creative, known for its bitcoin mining chip brand Avalon is being acquired for a reported ¥3.06bn (approximately $466 million) in what clearly sets a milestone as the biggest acquisition in the industry to date. Canaan Creative will be acquired as a whole by electronics manufacturer Shandong Luyitong....
April's news that Blockchain.info would be managing the 'Bitcoin.com' domain name for a period of five years made a splash in the community. It's prime internet real estate, not to mention easy to remember. A premium domain broker is now attempting to sell the revered BTC.com domain name. If the fact that a three-letter domain name wasn't enough, it also represents the most common abbreviation of bitcoin. So if you're not getting the point here, it's a rare domain, and it's likely anything but cheap. "Whether you're a Bitcoin startup or existing company wishing to solidify your authority....