18 January 2017
visit http://www.wolterskluwerfs.com

Going, going, gone...BTC.com domain sells for $1.1 million

05 August 2014  |  3976 views  |  0 Bitcoin

The BTC.com domain name has been sold to a Connecticut-based mining equipment specialist for a record $1.1 million.

Josh Garza, CEO of Conn.-based GAWMiners, snapped up the coveted URL from Domain Guardians, after it had been on the auction block for just under a month.

Garza has yet to reveal his plans for the domain, leaving a holding page with the headline splash 'Something amazing is coming'.

The huge price commanded by the domain has raised the stakes for former Mt. Gox CEO Mark Karpeles, who announced plans to sell bitcoins.com in an auction that was scheduled to take place lat last month.

Karpeles - who was selling the asset from his own company Tibanne KK - said half the cash raised from the sale would go towards those who lost out from the collapse of the Japanese cryptocurrency exchange.

Unfortunately for Karpeles, the much-anticipated auction was withdrawn after startup CoinLab successfully contested the action in a Seattle district court.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Third party hijackers seek out new bank domain names

Third party hijackers seek out new bank domain names

02 May 2014  |  5152 views  |  0 comments | 7 tweets | 6 linkedin
Clydesdale and Yorkshire Bank site outage down to failure to renew domain name

Clydesdale and Yorkshire Bank site outage down to failure to renew domain name

31 July 2013  |  5500 views  |  1 comments | 2 tweets | 1 linkedin
ABA applies for .bank domain to frustrate phishers

ABA applies for .bank domain to frustrate phishers

26 June 2012  |  7563 views  |  1 comments
Bloomberg and Reuters add domain name index to sites

Bloomberg and Reuters add domain name index to sites

22 May 2012  |  5173 views  |  0 comments
Creditcard.net domain sells for $138.000

Creditcard.net domain sells for $138.000

26 September 2011  |  4463 views  |  0 comments
The WikiLeaks strategy: Bank of America buys up abusive domain names

The WikiLeaks strategy: Bank of America buys up abusive domain names

22 December 2010  |  125417 views  |  0 comments
BofA wins cybersquatting judgement

BofA wins cybersquatting judgement

18 February 2010  |  6406 views  |  0 comments
Insure.com name and site sold for $16m

Insure.com name and site sold for $16m

12 October 2009  |  5906 views  |  1 comments

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextravisit wavestone.co.ukVisit contisgroup.com

Top topics

Most viewed Most shared
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
13270 views comments | 83 tweets | 101 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
13117 views comments | 39 tweets | 34 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
10845 views comments | 45 tweets | 40 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
9364 views comments | 30 tweets | 42 linkedin
Accenture beats Brexit blues with largest-ever London startup programmeAccenture beats Brexit blues with largest-...
9251 views comments | 29 tweets | 20 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job