Dec 22, 2017

People bought a lot of "coin" and "crypto" web domains in 2017

Illustration: Rebecca Zisser / Axios

Prices and investment in digital tokens skyrocketed this year, and so did purchases of related web domains, according to data from GoDaddy.

Why it matters: It's certainly reminiscent of the frothiness of the DotCom boom. And just as any company with a website could complete an IPO back then, we're already seeing companies boosting their stock prices now simply by adding "blockchain" to their names. An iced tea company pulled the trick yesterday, as did a British provider of stock market data in October.

By the numbers:

  • Registrations of domains including "coin" went up by 139.3% in the past year.
  • Registrations of domains including "crypto" went up by 362% in the past year.
  • Cryptobank.com was purchased this year for $125,000, according to DN Journal.

Go deeper: Here's a look at the trend from Bloomberg.

Go deeper

Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,251 people and infected almost 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 2 hours ago - Health

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.