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

Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.