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Talk Is Cheap But Isn’t: Block.One Pays ‘World Record’ For Domain

The latest news from EOS’s new foray into social networking is that Block.One paid $30 million for the domain name. Although the transaction went through at the end of May, the news was formally announced on June 18. Block.One procured the domain from Microstrategy, an enterprise analytics and mobility software firm. The company was apparently was savvy enough to scoop up a number of domains early in the dotcom and is now selling them for big bucks. Also still available are and Really, this news should come as no surprise given that Block.One has already made it clear it’s not afraid to spend the big bucks on development of the platform. The company already bought up $20m worth of RAM before the Voice announcement was made. Since then, Brendan Blumer has also openly stated his willingness to drop up to $100m on social media influencers, in a bid to lure users away from other platforms. But is spending $30m on a domain name worth it? Is the Purchase a Savvy Branding Move? Procuring domain names is something of a land grab. In principle, anyone can go onto GoDaddy and find a domain name for their business. However, inevitably at this point in the evolution of the internet, many of the short, catchy ones have gone. So you have to be prepared to fork out some serious cash, if you want a memorable one-word domain. Of course, it depends on the size of the business, but one source suggests 10-20% of the most recent funding round. If we take the $4 billion EOS raised at ICO as the most recent funding round, Block.One is actually way under budget. It’s also worth considering the audience. ‘.com’ is the most desirable top-level domain because it’s universally familiar. In real-world terms, having an easily recognized .com domain can be the difference between opening your coffee shop at the entrance to a railway station on a busy commuter line, or on the edge of a field in the countryside… in Mongolia. In the crypto world, we don’t blink at a .io domain – but it simply doesn’t have the same recognition globally as a dot com. So is this a record expenditure on a domain name? $30M is probably the most a crypto company has ever paid for a domain. went for $12m in 2018, which seems to be the next closest contender, while media outlet Cointelegraph is reputed to have spend upwards of $1M on The most anyone has ever paid for a premium domain in a single transaction is $49.7m, for By those standards, perhaps Brendan Blumer bagged himself a bargain. However, it’s worth noting that wasn’t a pure domain name sale — the entire underlying online business was sold. So actually, Block.One may have set a record for a public, domain-only sale. Just A Cunning Stunt? Hardened cynics among us could look at the dates, and assume there’s at least a sniff of a publicity stunt here. The transaction was completed at the end of May, and June 1 was Block.One’s big voice announcement. But the announcement only came out on June 18. Furthermore, according to domain registrar GoDaddy, most premium domain transactions stay private, so why would Block.One make such a big deal about it? Several quarters of the EOS community were somewhat underwhelmed by the announcement, having expected something bigger. Block.One’s announcement about its lavish spend may be a well-publicized attempt to convince doubters that the Voice launch is actually worth getting excited about. Block.One’s domain extravagance is unlikely to impress at least one of its rivals. Based on a 2017 tweet, Vitalik Buterin’s rating of the value of a dotcom domain could be best described as lukewarm. In 2017, .io and .me are hot and cool, .com is established, but stale and boring. — Vitalik Non-giver of Ether (@VitalikButerin) August 16, 2017 Perhaps the purchase demonstrates that Block.One is serious about its attempts to rival existing social media. With Mark Zuckerberg poised to encroach on crypto territory, it’s heartening to see at least one crypto firm squaring up. (Mind you, only cost Zuckerberg $200k – of Peter Thiel’s money.) Whether or not EOS can topple Facebook though, remains to be seen. One thing’s for sure, it’s going to take more than a premium domain purchase and a mass spending spree for that to happen.   The post Talk Is Cheap But Isn’t: Block.One Pays ‘World Record’ For Domain appeared first on Crypto Briefing.
CryptoBriefing Buys Domain For a Staggering Price Of $30 Million for EOS Social Media Network

The company behind EOS network, has confirmed that they have purchased domain name for their social media platform Voice. The website is already live now. Enterprise analytics and mobility software provider MicroStrategy announced that GoDaddy had facilitated the transaction. MicroStrategy’s senior executive vice president said: “ has made a smart strategic decision in […]
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Block.One Pays $30M for New Blockchain-Powered Social Media Platform’s Domain Name

Block.One Pays $30M for New Blockchain-Powered Social Media Platform’s Domain Name Eos (EOS) developer has paid $30 million in cash to purchase a domain name for its new blockchain-based social media, called “Voice.” The development was revealed in a filing published by the United States Securities and Exchange Commission (SEC) on June 18. According […] Cet article Block.One Pays $30M for New Blockchain-Powered Social Media Platform’s Domain Name est apparu en premier sur Bitcoin Central.
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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.

Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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Tether to Launch RMB Stablecoin "CNHT"? CryptoNews

Tether is rumored to launch RMB Stablecoin. Such a move could land crypto in serious trouble in China as the RMB is tightly controlled and regulated. Binance Venus is also on its tails. Ukranian miners accidentally leak sensitive Nuclear Powerplant data. #Cryptocurrency #crypto #Tether RMB Stable Coin 👍🏻Subscribe to Boxmining for Cryptocurrency Insight and News: 🔒Hardware Wallet: 👍🏻Brave Browser: 📲Enjin Wallet: 👍🏻Unstoppable Domain: 📲Binance Exchange : #Bitcoin #Ethereum #Cryptocurrency ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups (Discuss Crypto with us!) Telegram Discussion Group: Telegram Announcements: ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social (Add me on Social Media!) Instagram: Twitter: Facebook: Steemit: ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

Kraken To List Basic Attention Token (BAT) and Waves

Kraken has announced they will be listing BAT and WAVES, with pairs denominated in USD, EUR, BTC, and ETH. Trading commences at 13:30 UTC on August 22, 2019, and deposits will take 30 and 10 confirmations before being credited to users Kraken balances for BAT and WAVES, respectively, August 21, 2019. Kraken Expands Altcoin OfferingsRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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