Despite last-minute push backs from the FTC and Senator Rockerfeller it looks like ICANN is pushing ahead with the opening of the application period for new gTLD's on January 12th. ICANN announced on its Facebook page today: "In just 13 days, the application window for new generic top-level domains opens! " "Check out the new gTLDs tab on our Facebook page for more details on the … [Read more...]
ICANN New gTLD Operators Need To Deposit $18k-$300K To Meet Three Year Reserve Requirement
As part of the new gTLD program, all new gTLD applicants are required to provide for three years of operating expenses, in the way of a cash deposit with a bank that meets ICANN qualifications which is also set out below. ICANN however has not put the pencil to this requirement and the Guidebook does not contain actual numbers or the amount of cash the applicants need to budget for. This … [Read more...]
ICANN Publishes It’s Annual Report & Reports $100 Million In Assets
ICANN just published its annual report for 2011 and god bless, in the worst economy of our lifetimes they manged to get up to just short of $100 Million in assets; cash, investments and accounts receivable for the year ending June 30, 2011. According to the report as of June 30, 2011, ICANN has over $29 Million in Cash, $51 Million in investments and over $15 Million in accounts receivable, … [Read more...]
From House Hearing: CADNA “There Are Probably Tens of Millions of Cybersquatting Domains” in .Com
At The House Energy and Commerce Committee’s hearing on new gTLDs Josh Bourne President of CADNA’s testified: ""The U.S Congress should take much-needed action to improve the language of the Anti- Cybersquatting Consumer Protection Act (ACPA), so that it provides proper deterrents against cybersquatting."" ""Cybersquatting to the left of the dot is already a massive problem; with … [Read more...]
House hearing On New gTLD’s Underway
The House Energy and Commerce Committee’s hearing on new gTLDs in underway. The title of the hearing is “ICANN’s Top-Level Domain Name Program.” You can watch the hearing live online We will be watching it and reporting as it goes. … [Read more...]
The Washington Post Says After 6 Years ICANN Is Still Moving Too Fast On New gTLD’s
In an editorial published by The Washington Post entitled "What's The .Rush", the Post says that ICANN is moving too fast on the new gTLD program despite acknowledged that the program has been under consideration for 6 years. The Post's editorial concludes; "Although the plan has been six years in the making, it is not ready for prime time" Here is the full editorial: """For two … [Read more...]
FTC Chairman Comes Out Swinging Against ICANN’s New gTLD Plan
According to several reports, the chairman of the Federal Trade Commission Jon Leibowitz said said today that a proposal to allow for an unlimited number of new Internet addresses could be a “disaster” for consumers and businesses. The proposal would allow for almost any new top-level domain name, which is the suffix that comes to the right of the dot, such as .Law or .coke or .NYC. In … [Read more...]