AUSTRALIA - A South Australian woman narrowly avoided a complete financial disaster after falling victim to a sophisticated business email compromise (BEC) scam that led to the loss of over $800,000. Authorities have since managed to recover a significant portion of the stolen funds, shedding light on the growing threat of cyber fraud in real estate transactions. The victim, who had been in the process of purchasing a property, received what appeared to be a legitimate … [Read more...]
Domain Names as Digital Real Estate: The Parallels of Scarcity and Value
PALM BEACH, FL - In the modern business landscape, owning a premium domain name can be as valuable as holding a prime piece of physical real estate. Just as with prime properties in desirable locations, premium domain names—short, memorable, and industry-specific web addresses—are in limited supply, which drives up their value over time. These digital assets, much like their physical counterparts, are scarce commodities, and their importance has only increased in an era where … [Read more...]
Big Domain Auction Coming In Less Than Ten Days And Pre-Bidding Is Now Open
PALM BEACH, FL – A big domain auction is coming up in less than ten days and pre-bidding is now open for the event which will be held from a live video production studio in College Station, Texas, beginning at Noon (12:00 PM CST) February 25, 2021. Like most of Monte Cahn’s RightoftheDot major auction events, World Champion Auctioneer Wayne Wheat will be rattling off the names of virtual property to change hands for what will likely be, some big sales. Wheat is an … [Read more...]
World Not Ready to Lose Access to ‘WhoIs’
NEW YORK, NY – There has been so much back and forth about the loss of ‘Who Is’ data that its been difficult to fully keep up on it. The ordinary availability of this critical industry information is expected to cease next month on May 25, 2018 when the GDPR (General Data Protection Regulation) becomes fully enforceable (it already went into effect this year but there is no recourse till May 25). However, today I received a meaningful update from the Internet Commerce … [Read more...]
A “PRIME” Example That .COM Leads in Necessity; nGTLDs Registered Defensively
NEW YORK, NY – It has been recently discovered, that the single word domain name Prime.com, which had been reportedly for sale in the seven figure range (Between $1M and $5M), at least since 2011, is now intellectual property of tech-giant Amazon. The name, which was originally registered in 1987, shows being parked since 2004 via archive. An exact ‘price’ of the domain is not currently known (although I am sure someone out there is working diligently to try and dig … [Read more...]
Category Killer Domain Shoes.com Acquired in $9M Transaction by Wal-Mart Stores, Inc.
NEW YORK, NY - According to domain name industry news publication DNJournal.com, Wal-Mart Stores, Inc., owned subsidiary ShoeBuy, has acquired the Internet domain name Shoes.com in a $9,000,000.00 transaction which included the domain name from a bankruptcy of now defunct operator “Shoes.com Technologies”. A spokesperson for ShoeBuy told Footwear News that the move was part of the company’s larger digital goals. We plan to maximize Shoes.com as the gold standard of category … [Read more...]
Audio Arguments for ‘Calculated Theft’ Attempt of HeidiPowell.com Domain
NEW YORK, NY - For those who are unaware of the backstory behind the failed cyber-squatting attempt by Arizona Heidi in her effort to steal the online identity of the original Heidi Powell, the effort continues via opening of an old bankruptcy case to acquire the domain name HeidiPowell.com. UNITED STATES BANKRUPTCY COURT WESTERN DISTRICT OF WASHINGTON AT SEATTLE before Honorable Marc Barreca, Chapter 7, Hearing Date: March 22, 2017, Hearing Time: 10:00 a.m. Even if … [Read more...]