Alibaba Sues Crypto Coin Over Trademark Infringement

Alibaba Group stated that it is not related to Alibabacoin currency and does not want to be associated with it
03 April 2018   149

Alibaba Group is a Chinese multinational e-commerce, retail, Internet, AI and technology conglomerate that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services. 

Judging by the documents recently filed to the US District Court in Manhattan, New York, Alibaba charged the developers of the Alibabacoin over the “prominent, repeated, and intentionally misleading” use of its trademark. Alibaba Group stated that it is not in any way related to Alibabacoin currency and does not want to be associated with it, or have its customers misled.

The Initial Coin Offering of Alibabacoin has started on April 16, and has already managed to raise $3.5 million. Nevertheless, although Alibabacoin and Alibaba Group are not related, previously Chinese giant of Internet commerce Alibaba Group was expressing concerns about the launch of a platform for the mining of cryptocurrency, which was reported by CCN with reference to unconfirmed information from local media. We believe that only time will show if Alibaba company finds its way in a crypto-related industry or not.

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   37

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.