Dominion.Domains
James Iles

UnitedBitcoin Acquires UB.com

Views:
2,562
Comments:
18
By James Iles, Dec 14, 2017
  1. NamePros
  2. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

    Posts:
    1,330
    Likes Received:
    10,696
    Last month we published the news of a Chinese cryptocurrency exchange's acquisition of ZB.com for a digital asset service. This week, it seems that another cryptocurrency company has opted to acquire a two-letter .COM as UnitedBitcoin looks to have acquired the UB.com domain name from Chinese brokerage company 62.com, who have been responsible for many two-letter .COM sales in China.

    Registered in 1986, UB.com is one of the world's oldest domain names, but it has a checkered past. In 2007, the domain was acquired in a silent auction for $129,420. Two years later, a company called Ultimate Bet acquired the domain, but in 2011, the Department of Justice seized the UB.com domain along with several other Internet addresses.

    ub.jpg
    The domain remained inactive until earlier this year when UB.com looks to have been acquired by a client of Chinese brokerage company 62.com. Just two months later and the domain is back in use, this time under the operation of UnitedBitcoin.

    UnitedBitcoin looks to be the brainchild of Bitcoin core developer Jeff Garzik, co-founder of blockchain company Bloq. According to information available, UnitedBitcoin is a Bitcoin hard fork that "will establish a credit currency system pegged against fiat currencies, and supporting smart contracts that can serve society, by nurturing worthy blockchain developments."

    It is currently unknown whether this was a full domain acquisition, or whether this is a lease-to-own acquisition. We have contacted 62.com for confirmation, but so far we haven't had a response.

    Thanks to James Booth (@BoothDomains) for the tip.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  3. Next Article
    Top Topics: Are Domains at 100% Saturation?; I Sold More.tv for $16,500...
    Previous Article
    Detected: Mike Mann Sells Bitop.com for $39,000; Brent Oxley Buys Toll.com...
  4. Loading...
  5. James Iles

    About The Author — James Iles

    Writer for NamePros.com, domain name investor and broker. For all inquiries relating to stories and interviews, please email: [email protected]

    This is James Iles's 488th blog post on NamePros. View all blog posts

    Home Page:
    http://twitter.com/jamesiles
    Actions:
    Follow
  6. Comments (18)

  7. satyadeep singh

    satyadeep singh Established Member

    Posts:
    333
    Likes Received:
    122
    i think the price is two low
     
  8. Akash58840426

    Akash58840426 Restricted

    Posts:
    148
    Likes Received:
    29
    the price is for 2007
     
  9. Grilled

    Grilled Be the change you want to see in the world VIP

    Posts:
    4,048
    Likes Received:
    5,303
    How did the domain go from the Department of Justice to a client of 62.com?

    Did ultimate bet regain possession of UB.com and then sold it?

    Did the department of justice auction it similar to how (I think) the DOJ auctioned Ross Albreit's BTC after the silkroad shutdown? Never heard of the DOJ selling domain names. What platform do they use?
     
  10. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

    Posts:
    1,330
    Likes Received:
    10,696
    I'm struggling with an answer to that. Both archive.org and screenshots.com show no activity between April 2011 and October 2017, but WHOIS shows the domain stayed under ownership at Comlaude (Domain Licenses Limited).
     
  11. Mr. Deleted

    Mr. Deleted mrdeleted.com VIP ★★★★★★★★★★

    Posts:
    984
    Likes Received:
    576
    They dont seem to take full control always. Some domains they do, but some others I have found that while the name shows a page showing they took the website offline, the domain name may remain in the company's name till they can log in and do something with it. This must be the latter.
     
  12. Gaurav74

    Gaurav74 Market Restricted

    Posts:
    522
    Likes Received:
    25
    What would be the price of UBwallet.net?
     
  13. Mr. Deleted

    Mr. Deleted mrdeleted.com VIP ★★★★★★★★★★

    Posts:
    984
    Likes Received:
    576
    -10 (or -100000 if they sue)
     
  14. Gaurav74

    Gaurav74 Market Restricted

    Posts:
    522
    Likes Received:
    25
    Not getting your point!
     
  15. Mr. Deleted

    Mr. Deleted mrdeleted.com VIP ★★★★★★★★★★

    Posts:
    984
    Likes Received:
    576
    If you wasted the money to register the .net, it is wasted. But the US Anti-Cybersquatting Act allows the company to sue for up to 100K per name. Of course if you are outside of the US, you can avoid paying, but any buyer would also have to be outside of the US to avoid it too, so it is between a loss of 10 dollars or 100,000 dollars. It all depends on who buys it.
     
  16. Gaurav74

    Gaurav74 Market Restricted

    Posts:
    522
    Likes Received:
    25
    Ok thanks for suggestion.
     
  17. Rajnish Prasad

    Rajnish Prasad Established Member

    Posts:
    1,753
    Likes Received:
    172
    😂😂😂😂
     
  18. Rajnish Prasad

    Rajnish Prasad Established Member

    Posts:
    1,753
    Likes Received:
    172
    Its not only about Domains (Intellectual Property) , instead DOJ can seize/Take into custody any Asset, Properties which do not stand by US regulation. After sometime when that Property, Assets clear or fulfill the standards set by DOJ then it is put for Public auction...

    The procesd seems much more like Banks seizing the property of defaulters and then putting to public auction..
     
  19. BoothDomains

    BoothDomains Contact us if you are looking for a premium domain VIP

    Posts:
    429
    Likes Received:
    449
  20. BoothDomains

    BoothDomains Contact us if you are looking for a premium domain VIP

    Posts:
    429
    Likes Received:
    449
    Will also point out I brought the name to 62.com who then decided to go behind my back and buy the name directly as the US DOJ would not do an exclusive on the name.
     
  21. Mr. Deleted

    Mr. Deleted mrdeleted.com VIP ★★★★★★★★★★

    Posts:
    984
    Likes Received:
    576
    http://www.bid4assets.com/USMS

    I've bought 3 properties on that website before.
     
  22. wwwweb

    wwwweb Top Member VIP

    Posts:
    7,910
    Likes Received:
    5,977
    Good buy, if bitcoin ever goes to 0, they have that in the money domain as an asset. Lame that 62.com did not respect the person that handed them the deal.
     
  23. JStarZ

    JStarZ Established Member

    Posts:
    709
    Likes Received:
    5
    haha:) Crypto wave rulZ
     
  24. ivywang

    ivywang New Member

    Posts:
    4
    Likes Received:
    1
Lysted
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...