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Author: Josiah Wilmoth

UK Company Acquires ‘Bitcoin’ Trademark, Allegedly Threatens Etsy Store over BTC-themed Items

A UK company has acquired the trademark for “Bitcoin” and has allegedly threatened to bring a lawsuit against a small business that sells bitcoin-themed shirts. The business owner shared their plight on the Bitcoin subreddit, explaining that today, May 25, they received a letter from a company claiming to own the UK trademark for “Bitcoin.” The post UK Company Acquires ‘Bitcoin’ Tradem...
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ICO PR Stunt Turns Tragic after Guide Dies Scaling Mt. Everest

A promotional stunt for a Ukranian startup’s upcoming initial coin offering (ICO) turned tragic after a sherpa reportedly died while helping a group of climbers hide a cryptocurrency wallet at the summit of Mt. Everest. According to FT Alphaville, social networking startup ASKfm sponsored a promotion to hide a Ledger wallet containing 500,000 ASKfm tokens The post ICO PR Stunt Turns Tragic after G...
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Company Sues CryptoKitties Creator for Allegedly Stealing Trade Secrets

Axiom Zen, the company behind popular Ethereum DApp CryptoKitties, has been hit with a lawsuit for allegedly violating a non-disclosure agreement and stealing trade secrets. The suit, filed last week in US District Court for the Southern District of California by San Diego-based company Starcoin (which operates under the name Tradestar) and reviewed by CCN, The post Company Sues CryptoKitties Crea...
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Bitcoin Gold Responds to Recent Double Spend Attack

The development team behind Bitcoin Gold has released an update on last week’s 51 percent attack, which the attacker weaponized through a double spend attack to steal funds from cryptocurrency exchanges. Published on Thursday, the update confirmed that the attacker had gained majority control of the network’s hashrate and used that control to reorganize the The post Bitcoin Gold Responds to Recent...
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DOJ’s Bitcoin Price Manipulation Probe a ‘Good Thing’: Mike Novogratz

Billionaire investor and former hedge fund manager Mike Novogratz said that he is optimistic that the US Department of Justice’s (DOJ) recently-launched probe into allegations of bitcoin price manipulation will contribute to the long-term health of the cryptocurrency market. Speaking in an interview with Bloomberg, Novogratz — the founder of $250 million cryptocurrency merchant bank The post...
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Crypto Exchange Kraken Hires Bush Administration Prosecutor as General Counsel

San Francisco-based cryptocurrency exchange Kraken has hired a former federal prosecutor appointed by President George W. Bush to serve as its general counsel. Business Insider reports that the exchange, eighth-largest in the world with a daily volume of just under $350 million, has hired Mary Beth Buchanan, the first woman and youngest-ever person appointed US The post Crypto Exchange Kraken Hire...
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‘I’ve Got More Money Than Your Country’: Craig Wright tells Rwanda

“I’ve got more money than your country.” With those words, bitcoin cash promoter and self-described bitcoin creator Craig Wright found himself embroiled in yet another controversy, this time at an information technology conference in Rwanda. The nChain Group CTO made this inflammatory statement earlier this month at the Transform Africa Summit, which took place from The post ‘I’ve Got More Money T...
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CryptoKitties Quietly Suspends ‘CurryKitties’ Promotion

The company behind popular Ethereum-based game CryptoKitties has quietly suspended its “CurryKitties” promotion, which allowed users to purchase limited edition digital cats modeled after the likeness of NBA superstar Stephen Curry. It’s unclear when precisely the promotion was taken down, but its web page has replaced with a message explaining that the campaign has been The post CryptoKitties Qui...
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Another Report Links Bitfinex to Puerto Rico’s Noble Bank

The whispers that cryptocurrency exchange giant Bitfinex has found a banking partner in the Caribbean are growing louder. Citing three people with knowledge of the matter, Bloomberg reports that the exchange operator has opened accounts at Noble Bank International, a financial institution based in San Juan, Puerto Rico. Noble, notably, does not hold funds directly, The post Another Report Links Bi...
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Italian Court Rules Bankrupt Crypto Exchange BitGrail Must Stay Closed

Italian cryptocurrency exchange BitGrail won’t be reopening anytime soon, despite its wishes to the contrary. Last Thursday, on May 17, the Court of Florence fully upheld a preliminary order barring the exchange — which is currently undergoing bankruptcy proceedings — from resuming operations and once again offering trading services to customers. The precautionary measure was The post ...
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