Ethereum.com is listed for sale on a marketplace called Uniregistry Market for about $10 million
Crypto market is the biggest buzz word in the online world, every one is talking about it, according to google trends, Cryptocurrencies topping the list of search traffic, everyone wants to know about it, with that much traffic demand for premium domain names in the crypto world also increased. According to the latest news in the market, Bloomberg mentioned that Ethereum.com is listed for sale on a marketplace called Uniregistry Market for about $10 million. In October, eth.com sold for $2 million — possibly the highest price for a crypto-related monikers, according to Domain Name Journal. Many of the sites with names referencing bitcoin and ether, the two biggest digital currencies, could have been registered for as little as $10 not too long ago.
The unfettered euphoria I see around bitcoin/cryptocurrency/blockchain reminds me a lot of the atmosphere I saw in the period preceding the dotcom bust around 2001,” said Ron Jackson, editor and publisher of Domain Name Journal. “However, dotcoms came back and had bigger years than ever in the mid 2000s, so even a bursting bubble isn’t necessarily a final death knell for a given asset.”
The number of cryptocurrency-related domain-name sales in the $1,000 range and up has already reached into several hundred this year, up from only a few dozen last year. Cryptonews.com sold for $50,536 in August, while cryptobank.com netted $125,000 in April. Bitcoincash.org sold for $48,888 in July and bitcoin.casino sold for $28,000 in March, Jackson said.
Crypto related domain names ae on the rise these days, as demand for these domain names increasing by the day because investors sees value in the domain names, with heavy online traffic and market buzz they can make good return on their investments.
Is Toronto Next to Accept Bitcoin for Property Taxes?
Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.
Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.
Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.
Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned
“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”
“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.”
He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”
Morning Crypto Roundup
- Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
- Bitcoin stays above $10,000
- Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
- After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
- According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share