Alibaba has filed a lawsuit against CryptoStream Alibabacoin Foundation for the theft of a brand
Source:In January, the Chinese tech giant Alibaba Group about the lack of interest in the topic of cryptocurrencies. The occasion was the were rumors the company develops a cloud platform for mining, which actually turned out to be a network for content delivery. If the company is not interested in digital money, it does not mean that it does not follow the participants of the stock market. Alibaba has filed a lawsuit against the project Alibabacoin Foundation, and its creators in the theft of the brand.
How to release a coin and not go broke
Alibabacoin Foundation is based in Dubai and owns the eponymous cryptocurrency. During the ICO project has attracted $ 3.5 billion. Representatives of Alibaba believe that the reason for the success of the initial placement and the company as a whole lies in the use of their trademarks.
the Lawsuit was filed in district court Manhatta. The plaintiff demands to pay compensation and to oblige Alibabacoin Foundation to abandon the word Alibaba in the title. The project has until April 11 to provide the court with substantiation of the legality of their actions.
Representatives Alibabacoin Foundation did not respond to a request by Reuters. Representing the interests of the company's law firm declined to comment.
according to the Agency, informed the head Alibabacoin Foundation, said that the company had received approval from lawyers on the use of its name in Dubai and Belarus and does not intend to change it.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
Scientists have predicted the fall of Bitcoin more than a third to the end of the year
Technical analyst Dubai Market Securities Ltd. Paul dey that Bitcoin can "feel the bottom" and to fall to 2.8 thousand dollars before the end of 2018. Agree with him the staff of the Swiss research center ETH Zurich. They that t...
In the UK, has released a cryptocurrency in honor of the wedding of Prince Harry
19 may at St George's chapel at Windsor castle will take place the wedding of Prince Harry and Meghan Markle. The event is significant and widespread — the invitation received at least 600 people. To capitalize on the event, wante...
Venezuela wants to buy Russian spare parts for "KAMAZ" for Petro
In late March, journalists of the Venezuelan President in the embellishment of the volume of sales of the national currency. According to experts, the figure could not exceed $ 2.3 billion, while the Maduro 5 billion. Possible lie...
Centra Tech accused of embezzling 32 million investors. ICO startups touting Floyd Mayweather
boxer Floyd Mayweather last year in his instagram photo map Centra Titanium Card which lets startup Centra Tech. The boxer said, as removes her cryptocurrency and advertised ICO company. Now Centra Tech accused of stealing money r...
IBM has evaluated the future market of the blockchain 3.1 trillion dollars
At the conference, IBM Think 2018, which was held in Las Vegas, Nevada, computer giant expressed the opinion that the future market of blockchain (not to be confused with the cryptocurrency market) will overcome the mark of $ 3 tr...
Media: the Japanese stock exchange Monex intends to buy Coincheck
In late January, hackers Japanese exchange Coincheck and stole from her accounts of 500 million tokens NEM. The attackers tried to sell the cryptocurrency cost of 435 million dollars, but to do this they failed. Now it became know...
And why IBM is investing in Stellar (XLM)?
Cryptocurrency Stellar (XLM), or stellar, has rightfully earned itself a space in kryptomere hype, mainly because of news related to IBM. The fact that IBM will provide 9 key validators of a network of Stellar, scattered around th...
How much is the ICO is John McAfee
the Creator of the McAfee antivirus Security well-known to users of cryptocurrency. The developer has gained popularity including over a million dollars per bitcoin by the year 2020. To promote John McAfee even promised to eat his...
Chinese engineer arrested for stealing 100 bitcoins the employer
Two weeks ago employee cryptocurrency exchanges in Dubai stealing. Expert in the management of trading systems cheated software to track cryptocracy. In the end, his wallet has accumulated 200 thousand dollars. The engineer from C...
Bitmain launches Antminer E3 — ASIC for mining Ethereum
the Joke was over, Bitmain officially unveiled ASIC for mining Ethereum called Antminer E3. It will mine cryptocurrency on algorithm Ethash / Dagger Hashimoto. the New ASIC Bitmain. Now for Ethereum for Only $ 800 you get ...
Google will remove the extension for mining of Chrome browser
In March, Google the ban on advertising of ICO and cryptocurrency. New rules due to the security requirements of users and will take effect from July. The company made its first step to ban from the store of Chrome browser will d...
Preparing for the world Cup: hotels in Kaliningrad will allow you to pay rooms cryptocurrency
in the Summer for the first time Russia will host the world championship on football. The competition will be held in 11 cities across the country, and it is the first time using a system of video replays. The event will be notewo...
Co-founder Bitcoin Foundation: Bitcoin — a needle that will pierce the bubble of the stock markets
is Bitcoin a bubble that has no real value and will soon be worthless. About it in the report, Europe's largest investment companies Allianz Global Investors. Analysts do not agree, the co-founder of the organization of the Bitco...
the Adoption of the legislative framework of bitcoin in Russia is getting closer every day. It will , but the results are already visible. For example, Deputy economic development Minister admitted the participation of crypto-curr...
The Ledger wallet Nano is the most popular gift in Nevada for the holidays
Ways to store cryptocurrency a lot. Someone does not care and leaves the coins on the exchange. Other for example the Winklevoss brothers password from the vault into several parts and keep them in cells of different banks. Popula...
The government wants to simplify the bill of bitcoin in Russia
In the second half of March in the state Duma introduced the draft law "On digital of financial assets". There are a lot of definitions, rules and requirements, but the document still seems to be underdeveloped and superficial. Go...
VeChain increased by 26% per hour due to the news about the listing on Bithumb
Two weeks ago, users of the Trustee hacked exchange Mt.Gox, Nobuaki Kobayashi in the manipulation of the exchange rate of Bitcoin. He sold several large lots of coins, and the deal was done just before the first cryptocurrency fel...
VeChain increased by 26% per hour due to the fake news about the listing on Bithumb
Two weeks ago, users of the Trustee hacked exchange Mt.Gox, Nobuaki Kobayashi in the manipulation of the exchange rate of Bitcoin. He sold several large lots of coins, and the deal was done just before the first cryptocurrency fel...
In San Francisco will host the first Litecoin summit
On the fall of the cryptocurrency market in February Litecoin is almost the only rising coin. The reason was the announcement of the launch of the payment service LitePay. With it, users can pay with the coin through a debit card....
Experts: Bitcoin could continue to drop this week
In the last weeks Bitcoin gradually rolled down. March 26 for a coin offered 8470 dollars, while today the rate was fixed just below $ 7,000. According to experts, in the coming days the situation may deteriorate. the Forecast Bit...
Comments (0)
This article has no comment, be the first!