Unstoppable Domains scraps $2M plan to bring .crypto and .bitcoin to standard web

·1 views

Unstoppable Domains has abandoned its plans to bring .crypto and .bitcoin domains to the standard internet. The move would have required the company to pay over $2 million in base fees alone. The firm decided to prioritize financial sustainability over pursuing broader internet adoption. By dropping the bids, Unstoppable Domains chose fiscal responsibility rather than expanding its blockchain-based domains to the conventional web.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Bitcoin Faces Major Supply Resistance at $80,000 Near ETF Holders' Break-Even

Bitcoin is currently testing a significant price level at $80,000, which represents its largest supply cluster. This zone also coincides with the 50-week moving average, a key long-term technical indicator. The $80,000 level is particularly notable as it aligns closely with the average purchase price of ETF holders. A decisive move through this supply wall could have major implications for Bitcoin's near-term price direction.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin holds above $79,000 as spot ETFs record eight-day inflow streak

Bitcoin stabilized above $79,000 on Thursday, showing resilience amid broader market uncertainty. Spot bitcoin ETFs recorded net inflows for the eighth consecutive day, marking their longest such streak since April. The sustained institutional interest via ETFs appears to be providing support for Bitcoin's price. Meanwhile, altcoins broadly declined, underperforming Bitcoin during the same period.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitfinex Securities raises $50M to launch tokenized nickel trading product

Bitfinex Securities has raised $50 million as part of an initiative to offer tokenized nickel trading. The company plans to list a new security tied to a Luxembourg-based industrial metals platform. That platform is built around a $1.6 billion stockpile of high-purity nickel wire. The move represents Bitfinex Securities' push to bridge traditional commodity markets with blockchain-based financial instruments.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

BlackRock Digital Assets Head Bullish on Bitcoin After IBIT Hits Record Volume

BlackRock's head of digital assets expressed a strengthening macroeconomic case for bitcoin following a record-breaking trading week. The comments came after BlackRock's spot bitcoin ETF, known as IBIT, recorded its highest-ever trading volume. The positive week for IBIT coincided with renewed investor interest in bitcoin as a macro asset. BlackRock's senior digital assets executive suggested that broader economic conditions are increasingly favorable for bitcoin adoption.

0 comments Read more at CoinDesk